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How to buy Nextdoor shares (KIND)
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This page guides you through the key things you need to know before you invest in Nextdoor stock.
Compare the best platforms to invest in Nextdoor sharesCopy link to section
To save you some time, below are some of the best places to buy Nextdoor shares. Our team of analysts has tested them extensively to make sure they are up to the job. If you want to know more about Nextdoor as a company, simply scroll down this page.
77% of retail CFD accounts lose money.
Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
How to buy Nextdoor stock, a step-by-step guideCopy link to section
Anyone can invest in a company nowadays, and it can be a great way to make your money work as hard as you do. Below are the 5 steps that you should follow to successfully invest in the company.
- Choose a broker. To get started, you need to use an online brokerage platform. There are many different options to choose from, each with its own unique benefits and drawbacks. The comparison table above can help you select the right broker for you, and you can head to our comprehensive broker reviews if you’re still unsure.
- Create an account. Once you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally, you can expect to have to provide your name, email address, phone number, and some form of photo identification.
- Deposit funds. Log into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal. Select your preferred payment method and deposit the amount of money you wish to invest in Nextdoor shares.
- Place an order for KIND stock. Now navigate to the stocks section of your chosen platform. Here you can search for Nextdoor’s ticker symbol and see the current price at which the stock is trading. If you’re happy with the price, enter the number of shares you wish to purchase and place your order.
- Execute your order. Once you have placed your order, your broker will automatically execute it for you and your Nextdoor shares will be listed in your account. Congratulations, you’ve just bought shares in Nextdoor!
What is Nextdoor? And should I invest?Copy link to section
Founded in San Francisco in 2008, Nextdoor is what is called a hyperlocal social network. Essentially, it is a service for neighbourhoods to communicate with each other about local news and affairs, and to provide recommendations of services. Users can also pay to advertise on the platform for things like real estate, and this feature was added in 2017. The overall goal appears to be moving neighbourly interactions into the digital age.
There is plenty of room for discussion on Nextdoor, including a separate forum for political debates, though there are limits. For example, canvassing for votes is outright prohibited on the platform. Moreover, the platform has experienced controversy during its existence, with allegations of racial profiling in 2015 perhaps sitting on top of that pile.
Having acquired UK local social network service Streetlife in 2017, and local news site Hoodlin in 2019, Nextdoor is aiming to take control of this relatively unexplored sector, though there are threats on the horizon. For example, tech giant Facebook has been toying with the idea of a neighbourhood feature for years, and this could be disruptive to Nextdoor’s market share.
How has the company performed in recent years?Copy link to section
It has performed extremely well from a commercial angle and is now available in 11 countries, claiming members in 270,000 neighbourhoods globally. It is viewed by many investors as an innovative growth stock with the potential to become a useful component of community life.
The real unique selling point here is the platform’s emphasis on accountability and its local focus. The lack of anonymity is unique in this sector because it is the only major social network that requires its users to verify their name, address, and neighbourhood. This means that should any vitriol be spewed online, it won’t be difficult to find the source, unlike a troll-friendly platform like Twitter.
While there are competitors on the social media landscape, those who believe in Nextdoor’s credentials are not worried. The company has an obvious first-mover advantage. In addition, historically, when platforms like Facebook have made forays into new sectors, such as Facebook Dating, they haven’t managed to prise any market share away from the established players in that particular sector.
Is it a good time to buy Nextdoor shares now?Copy link to section
You can’t buy shares in Nextdoor now. Instead, you need to wait until the merger is complete and shares are made available to the public. Before you commit to investing in Nextdoor, make sure you are familiar with the risks and understand the stock market. For long-term investors, conduct a fundamental analysis of Nextdoor and decide its value.
In the case of short-term traders, Nextdoor’s status as an unproven public company could lead to volatility, and if you can play your cards right, this could lead to returns. Trading can be risky, so before you jump in with both feet, make sure to carry out a technical analysis of the market so you avoid making any common errors.
If you do decide to invest in Nextdoor, make sure you stay informed about the latest developments in the financial markets. To expedite this process, we have listed the top recent market analysis below for your consumption:
Buying, selling and trading shares for beginnersCopy link to section
What to do before buying sharesCopy link to section
You should always take the time to research a stock fully before investing your money, especially if you haven’t bought shares before. The more knowledge you have, the better your chances of making a wise investment.
With that in mind, here’s a checklist to run through before investing in Nextdoor shares.
- Research the company. You should always examine the fundamentals of a company before investing. What is Nextdoor? How did the company get its start? How did it grow? Is Nextdoor’s revenue and profit growth picking up? Is the company innovating? The more you know about Nextdoor, the better positioned you’ll be to make smart investment decisions.
- Make sure you understand the basics of stock investing. Before getting involved in the stock market, make sure you have an understanding of how it works. This will ensure that you have more clearly defined goals and have thought through how you will achieve them.
- Decide between share dealing and CFD trading. Choose the type of investment strategy you want to pursue, and make sure you have carried out the necessary fundamental or technical analysis for share dealing and CFD trading respectively.
- Set the size of your budget. The golden rule of investing is never to risk more than you can afford to lose. Not every investment you make will result in a profit, so it is important to set a budget that not only allows good potential for capital growth, but also protects against overly damaging losses.
- Find the right broker. Individual brokers each have their own pros and cons. Some will have low fees but have a user interface you struggle to understand, whereas others may be a bit more expensive but come with a range of features that you want to take advantage of. Our reviews can help you find the right platform for you.
- Examine broader market conditions. No stock exists in a vacuum, and it’s always important to analyse the general trends of the stock market as a whole before investing. If a bear market is setting in and stock prices are falling, it’s best to wait it out and invest your money later when the stock is cheaper. If, however, the market is looking bearish, you’ll want to make your investment quickly to get the maximum benefit from rising stock prices. Our news can help you keep on top of movements in the financial markets.
What is the difference between buying, selling, and trading shares?Copy link to section
If you’re new to stock investing, then it’s important to understand the basics. Here’s a quick run-through of what’s involved in each phase of the investment process.
This process involves finding a broker and placing an order for Nextdoor stock, as outlined in the steps further up this page. Ideally you want to time your investment when the stock’s price is low so that you can profit by selling the shares after they increase in value.
When you sell any Nextdoor shares you have bought, you’ll want to do so at a higher price than the one at which you bought to earn a profit.
When you sell is up to you. You might decide to hold for the long term, hoping to benefit from the company growing steadily throughout. Or, if you see that Nextdoor’s stock is already up a lot compared to the price you bought it and you’ve noticed that the stock market is starting to fall, it might make sense to sell and take your profits to invest elsewhere. Equally, if the stock has fallen since you bought it and looks set to fall further, it might be a good idea to cut your losses by selling your shares.
Trading is the same process as buying and selling shares, it’s just done over shorter periods of time with the aim to make small profits on a regular basis. This means that you can make money faster and spend your profits in your day-to-day life – however, on the other side it means you can lose money faster as well. For inexperienced investors, we generally recommend making investments for at least 6 months to a year instead of making trades in quick succession.
You can trade Nextdoor shares outright or use CFDs. These allow investors to speculate on stock prices and trade with leverage in pursuit of bigger gains. CFDs trading is explained further in the next section, but it is worth noting that beginners should avoid trading with leverage. It comes with large risks and is best left to experienced investors.
Share dealing vs CFD tradingCopy link to section
When it comes to investing in any stock, the two options you have are share dealing and trading. Which one of these methods to opt for largely depends on your investment timeline, with investors thinking long term tending to go for share dealing, and those looking for short term gains pursuing a more aggressive trading strategy.
Here’s a quick summary of the two approaches, and the pros and cons of each.
Share dealingCopy link to section
Share dealing refers to the practice of holding shares in a particular company over the long term. When investing like this, you’re seeking to profit either from dividend payments or an increase in the stock’s price over time.
When investing your money this way, it is important to do thorough fundamental analysis of the company in which you are investing. You want to put your money in a stock you believe will trend upwards over time, even if there is some market volatility along the way, rather than get distracted by shorter term peaks and troughs.
- Can build wealth over time to achieve financial goals
- Don’t need to be very reactive to short-term market movements
- Some stocks will give you an income through regular dividend payments
- Takes a long time to realise any profits
- Your capital is tied up in stocks and cannot be used for other investments
CFD TradingCopy link to section
If your aim is to generate profits in the short term, then you might be better off trading shares than holding them in your portfolio. Stock trades like this are executed using CFDs (contracts for difference), which allow investors to trade against the value of a stock without having to take ownership of it. When CFD trading, investors are looking to buy and sell stocks fast to profit from short-term fluctuations in value.
One aspect of CFD trading that many investors find attractive is that they allow you to trade with leverage. This means you can place large trades while only putting up a fraction of the value yourself – for instance, if a platform offered leverage of 1:10, you could put £10 into Nextdoor shares and be able to trade £100 worth. This can maximise profits if the market moves in your favour, but be careful as it can also lead to heavy losses.
When trading using CFDs, it is key to be skilled at technical analysis and reading stock price charts. As you’re trading stocks quickly and frequently, the fundamental strength of the company in which you’re investing isn’t as important as being able to predict how its stock price will rise and fall minute-by-minute.
- Can generate fast profits if you read the market right
- Some platforms allow you to trade with leverage
- Prevents your capital being tied up so you can take advantage of investment opportunities
- Trading with leverage is risky and can lead to big losses
- Doesn’t necessarily generate growth over the long term
Consider which approach suits you best and craft an investment strategy that works for you. If you need more information, then simply take our stock trading course and read our guide to CFD trading to get you up to speed.
If neither of these options appeal to you, then you can find a variety of other ways to invest in Nextdoor stock on this page. If, however, you’re ready to get involved right now, simply select one of the brokers in the table above and sign up.
How to choose a brokerCopy link to section
With the wide variety of online stockbrokers available these days, it can be hard to figure out which is the best service to go with. Our comparison table and in-depth reviews can help you cut through the noise, but by and large, these are the aspects you should be considering when selecting a broker:
- Range of stocks available. The most important thing is that you can actually use the broker to purchase the shares you’re looking for. Some brokers offer more stocks than others, and many will allow you to trade other assets, such as forex and commodities.
- Fees and commissions. You want to keep as large a chunk of your profits as you can, so it’s important to make sure your broker doesn’t charge high fees that can eat into your profits.
- Regulation. You should only use regulated brokers to make investments. Unregulated brokers can be risky and offer little to no protection if the business were to fail while you had funds in your account.
- Payment methods available. You might want to use a specific payment method, such as PayPal. Not all brokers accept every payment method, but by using our comparisons, you can find the brokers that support the option you’re looking for.
- Reputation. One of the strongest indicators of a broker’s reliability is the reputation it has with the customers who have used it. Brokers are online businesses, and as such many user experiences can be found online. You can check these out in addition to our reviews to make sure you choose the right platform.
- Customer service. As you’re going to be investing your money using the platform, you want to check that the broker offers good customer service in case you have a query or something goes wrong.
Latest Nextdoor newsCopy link to section
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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >