Tesco has shops in seven countries across Europe and Asia. It is as famous as the British multinational groceries as well as the general merchandise retailer company. Measured by the gross revenues Tesco happens to be the third largest retailer in the world. Back in 1919 Tesco was founded by Jack Cohen. After purchasing a shipment of tea from the T.E. Stockwell Cohen combined these initials to form Tesco. The headquarters of Tesco is located at Welwyn Garden City, Hertfordshire United Kingdom.
Tesco is a UK based consumer defensive company that trades under the TSCO ticker on the LSE. The company is valued at $11.2 billion. If you are planning to buy the stocks of Tesco you will need to find the right broker who will provide access to the LSE as it is the main exchange upon which it is traded. In the UK, Hungary, Thailand and Ireland it is the market leader of grocery stores.
If you have doubts regarding how to buy Tesco shares then let us tell you that The easiest and the most convenient option today is to buy stocks online with the help of a stock broker. You need to fill a complete application, prove the identification and choose your way of funding the account. The liquidity of a market is one of the major things that you should be considering to know the availability and the price of a share. Before opening your account you must take all these into considerations. It is not always a wise idea to choose a broker who charges the lowest fees.
Steps to buy Tesco shares
Here are the following steps to buy shares in Tesco:
➔ Find an authenticated online broker- One of the biggest advantages that you are likely to receive from an online broker is their access to the exchanges. You must keep in mind that not every broker will allow you to buy Tesco shares since they don’t have LSE access. You will still require a broker to give you access to the LSE. You should choose a broker that should fit you too. You might come across brokers who are pretty much expensive and hence will find it difficult to open an account with them. While there are some brokers who are absolutely free.
➔ Open a brokerage account- If you don’t have one then there is nothing to worry as opening a brokerage account is easy. You just need to find a low cost broker who will offer the types of investment that you will be interested in. Remember just because a broker is charging low fees you should not get easily convinced by them. You must check their genuinity. As soon as you find an online broker you need to open an account. Opening an account is full fledgedly an online process these days. In this account that you open you will store your shares instead of your money.
➔ Deposit money to your account- If you are paying cash to buy the Tesco Shares then you will have to deposit this cash to the broker. Bank transfer is the most convenient way to deposit as well as transfer your money. There might be other options as well but always go for the easier ones.
➔ Finally press the buy button- Once you have the share target the account and the cash you will finally be able to buy the shares of Tesco. Just log into your online brokerage and search for the shares of Tesco, insert the amount of shares you wish to buy then just click the buy button. This will further initiate the purchasing of shares. After buying the shares you must review your Tesco positions regularly. If you fail to do so you might miss important updates.
Consider Tesco as a long term investment plan if the financial scenario of the company is good and its share prices are constantly going up you should not feel overwhelmed as it might not necessarily benefit you. You must consider the time frame and make sure that you have a clear vision of your financial goals. A sense of diversified financial goals are very important.