AVEVA (LON: AVV) is an IT services company based in Cambridge. They conducted most of the CAD research that led to the development of the design software that is used across the world today.
Since then, they have continued to develop industrial software used in hardware across several sectors, including oil and gas, mining, and manufacturing.
Read on for our step-by-step guide to investing in AVEVA shares online.
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Step 1: Choose what share broker to use
AVEVA is listed on the London Stock Exchange. Your broker must be able to access this to buy shares in the company.
Features to look for when choosing who to trade with include what commission is charged, what markets are accessible and what instruments can be traded (e.g. shares, funds, commodities, and so on), the ability to buy fractional shares (so you have access to some of the more expensive shares), and a high-quality user interface for trading, complete with market research and reports.
Step 2: Transfer funds to your account
Before you can place an order, you'll need to have deposited funds into your account. You can use a bank transfer or debit card for this. Some brokers may also accept credit cards or PayPal.
Step 3: Decide how much to invest
The value of a risk asset such as shares is inherently volatile, fluctuating on a daily basis. Therefore, you should avoid investing more than you can afford to lose if the market turns.
If you are on a limited budget but still want to invest and build wealth, you can invest in shares periodically over time. This reduces your exposure to the highs and lows of the market.
Step 4: Invest in shares or an ETF?
Rather than investing in shares of a single company, investing in an ETF gives you exposure to a group of companies.
Since an ETF tracks the performance of several companies, they are regarded as a lower-risk investment. However, they are less likely to experience the kind of rapid gains you can potentially get from a more active approach.
ETFs that hold shares in AVEVA include iShares Core MSCI EAFE ETF (IEFA), Vanguard FTSE All-World ex-US Index Fund ETF Shares (VEU), Schwab International Equity ETF (SCHF), and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).
Step 5: Set up your order
The easiest order to configure is the market order, which means the broker will buy AVEVA shares at the next available market price.
Most brokers make it possible to set up an order that is automatically executed under pre-defined market conditions, e.g. when the AVEVA share price hits a certain level. You may also be able to set up an order to buy more shares regularly, e.g. every month.
Step 6: Place your order
Once you have configured your order, submit it to buy shares.
The best way to keep an eye on your investment is to watch out for news stories about AVEVA, as well as reading their official announcements and company results.
It is also a good idea to monitor what their competitors are doing for comparison. AVEVA’s main competitors are Rockwell Automation (NYSE: ROK), Siemens (ETR: SIE), SAP (NYSE: SAP), and Dassault Systems (EPA: DSY).
Disclaimer: We put our customer’s needs first. The views expressed in this article are those of the writer’s alone and do not constitute financial advice. Advertisers cannot influence editorial content. However, Finty and/or the writer may have a financial interest in the companies mentioned. Finty is committed to providing factual, honest, and accurate information that is compliant with governing laws and regulations. Do your own due diligence and seek professional advice before deciding to invest in one of the products mentioned. For more information, see Finty’s editorial guidelines and terms and conditions.
