Lyft (LYFT) - All you need to know
Ways to invest in Lyft
Buying shares of Lyft through an online stock broker is the simplest way to invest your capital. To do this, sign up to an online stockbroker, which is a service that enables you to trade stocks almost instantly often with negligible transaction fees.
There are plenty of other ways to invest too, such as mutual funds, ISAs and trust, and these are described below. If you want to learn more about a specific method, click the links in each bullet point.
What is Lyft?
Lyft is a rideshare services provider, rivalling Uber as one of the largest such companies in the world. The company has steadily funnelled business away from taxi service operators and has continued its growth by getting into food delivery, bicycle-sharing, and other services. Lyft reported $3.6 billion in revenue for its most recently completed fiscal year.
If you want to take a step back and go back to basics, our introductory stock market course can help lay the foundations for your Lyft investing success. If you would rather continue learning about the company, simply keep reading.
How to invest in Lyft
The following is a rundown of the techniques you can deploy to invest in Lyft. Click any of the links to find out more information on a topic.
- Lyft stock brokers. Buying Lyft shares through an online broker is a fast and convenient way to invest. You can invest via a broker’s website, or even through a mobile trading app. In addition, because of economies of scale, online brokers have been ankle to drive down their commission prices in recent years, and you can take advantage of this.
- Lyft mutual funds. If you would like to pool your money with other investors and place your trust in an experienced investment expert to generate returns for you, a mutual fund could be for you. Essentially, you and other investors pool your capital together, and the fund manager invests your money into a variety of stocks and assets, including Lyft. Because your investment is diversified, it can ride out even unfavourable economic conditions.
- Lyft ETFs. Trading just like a stock, ETFs are groups of stocks and assets that are usually in the same sector. By holding an ETF that has Lyft as a part of it, you hold Lyft shares and shares in other similar companies. Like mutual funds, this helps reduce the risk your investment faces.
- Lyft CFDs. A CFD is a formal agreement that involves a buyer of the CFD paying the seller the difference between the current value of an asset and the asset’s value on a predetermined date. This means you stand to benefit if the company’s share price goes up, and you don’t need to own shares outright. In addition, you can use leverage with CFDs, which allows you to ramp up your investment without fronting any additional capital.
- Lyft trusts. Trusts trade on the stock exchange and they are closed-end, pooled investment methods. Common in the UK, trusts allow you to benefit from gains in constituent company stock prices. So, if you own a trust that features Lyft, you stand to benefit.
- Lyft ISAs. It is likely you have heard of an ISA before as they are very popular. They are tax-free savings accounts that allow you to allocate up to £20,000 of capital to investments in any given tax year. This means you can benefit when Lyft shares increase in value and enjoy the added bonus of a tax-free status.
Where can I buy Lyft shares now?
77% of retail CFD accounts lose money.
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