With more than seven decades of experience, Sony is now a leader in manufacturing electronic goods. Due to its proven track record, many investors would consider the company as a great investment opportunity. If you are interested in buying Sony stock, this article will help you make an informed decision.
The following sections detail how to buy Sony stocks, why you should invest in Sony, and how it works.
Table of Contents
Learn How to Buy Sony Stocks in 3 Easy Steps
Find a Broker
There are many online brokers that include Sony in their offerings. You need to choose the most appropriate one for your needs and preferences. To register with a broker, you should carefully read the terms and conditions and create an account.
For verification purposes, the broker requires you to add your personal information. These data are used to validate your account, after which you can make a deposit into your investment account.
Analyse a Sony Chart
Analysing stock charts is always part of the process before entering the market. Sony’s stock charts will allow you to research the company’s past performance, so you can determine if it’s a good choice for your portfolio and trading strategy. Most investors look into trends, historical performance, support, and resistance levels.
Once you complete your research stage, you are prepared to start trading. Your broker might ask for a minimum initial deposit which can be made via different payment methods. It is essential to look at fees and commissions because these can add up depending on how you trade, increasing your overall costs.
Sony Company Overview
Sony is a Japanese company that manufactures electronic products for consumers and businesses. Its product portfolio is extremely diversified as it includes robotics, television, radio, projectors, cameras, smartphones, record players, broadcasting, and medical equipment.
Sony Business Model and Revenue Streams
The largest portion of revenues comes from game and network services, reaching more than $20 billion in 2019. Additionally, it manufactures consumer and professional electronics, such as cameras, headphones, and smart TVs. Clients can also buy smartphones, music, and a broad range of other tech products.
The company’s mission is to “fill the world with emotion through the power of creativity and technology.” This is reflected by its broad product and service offering, leadership position in this competitive industry, and core values based on integrity and diversity.
History of Sony
Sony was founded shortly after the end of World War II in 1946 in Tokyo by Ibuka Masaru and Morita Akio, two Japanese businessmen. Kenichiro Yoshida obtained the CEO position in 2018 after working for the company for more than three decades.
In 1960, an office was opened in New York City. Passersby could see the very first Japanese flag in the US after WWII placed right outside Sony’s office.
Sony’s first product was an electric rice cooker. Since then, it has greatly developed its technology and has had many achievements as a company. One of the most important ones occurred in 1973 when it released the first video color projection system.
Fast-forwarding to 2003, Sony created the world’s first HD projector for consumer use. The company also received numerous accolades for many technological developments, including home theaters and other innovations.
Brokers That Offer Sony Shares
There are numerous brokers on the market offering their services to traders and investors. To help you find the best one for your needs, you can check this curated list of the best brokers offering Sony stocks. These have been chosen according to their overall good service quality and reputation, along with stringent regulatory compliance.
Should I Invest in Sony Stock?
Although you should always make an investment decision based on your own preferences and abilities, there are several aspects you could consider before you make a choice. These are presented in the following sections.
Sony Stock Investment Potential
As a tech trader or an investor, you are entering a fast-moving market that brings plenty of investment opportunities. However, all investments carry a certain degree of risk that you must assess and accept before placing a trade.
You can reduce these risks by researching your chosen company. Knowledge is power, so it is important to collect information regarding particular assets or the overall market. This will help you make an objective decision regarding the potential and advantages of investing in Sony’s stock.
What Kinds of Investors Should Include Sony in Their Portfolios?
If you want to buy Sony stock, it is a good idea to make sure that your trading strategy and investment goals are aligned with Sony’s values, performance, and long-term financial objectives. It may be a great choice for you in case you want to invest in a company with a diverse portfolio that focuses on technological products and services.
Additionally, Sony pays annual dividends, which makes it suitable for many investors. If you have a long-term strategy, dividends are attractive because you can reinvest them to expand your portfolio or deposit them into your checking or savings account.
How Much Should I Invest in Sony?
How much you should invest in Sony depends on your needs, expected returns, and your financial abilities. In addition to this, your risk profile is also an important determinant when deciding the investment amount.
Another aspect that helps you make this decision is the rest of your portfolio. The best strategy is to make sure you have a balanced investment that suits your chosen strategy.
How to Buy Shares in Sony Stock?
If you want to buy Sony stock, the first step is to register with a broker. First, you must fill in your personal information, including your name, email, phone number, and financial situation. The broker might ask for a copy of your ID to verify your account and information.
Once you have an account, you must make your initial deposit. Depending on your chosen broker, the minimum amount may vary. You can use different payment methods, including credit cards, debit cards, e-payments, and others. In most cases, the broker will charge you a fee or commission for each withdrawal and deposit, so you should thoroughly read the terms and conditions before choosing the right intermediary.
Once you have a positive balance, you can buy Sony shares. It is important to make this decision objectively and after careful consideration.
Brokers are not the only way you can buy shares in Sony stock. Another method is with a direct stock purchase plan (DSPP), as outlined below.
Buy Sony Shares Using a Broker
If you want to buy Sony shares using a broker, it is important to find out what they offer you. Different brokers have various functions or perks for their clients, such as educational sectors, limited or wider access to other financial assets, and more.
Regulation is key in order to protect your funds. Consequently, you should check if the chosen broker offers its services in your country and whether customer support is available in your timezone.
Buy Sony Shares with a Direct Stock Purchase Plan (DSPP)
A direct stock purchase plan (DSPP) is a method of purchasing shares directly from a company. In this case, you would be contacted by a transfer agent that facilitates your Sony stock purchase.
DSPP usually has lower fees compared to brokers. However, these charges might be more frequent than brokers’, so you need to check if the DSPP suits your investment plan. Also, DSPPs have pre-determined schedules and a fixed investment amount, so it might restrict your choices.
Frequently Asked Questions
Whether Sony can add value to your portfolio depends on your strategy and objectives. It also needs to be aligned with your chosen timeframe and risk acceptance.
Sony is now a powerful market leader with plenty of growth potential. To make a profitable investment, you need to research the stock and make the appropriate trading decisions at the right time.
Yes, you can enjoy increased returns trading Sony stock. This depends on your stock market and investment knowledge and experience and your ability to assimilate fundamental news, events, and other information that could quickly change the share price direction.
There are a plethora of platforms available on the market. They come with different features and benefits, so you need to check which platform has the tools you need, how user-friendly you need it to be, and how detailed their charts are.
Since Sony is listed on the New York Stock Exchange, the trading hours are from 9:30 A.M to 4:00 P.M. (EST), from Monday to Friday.
Sony is on the New York Stock Exchange (NYSE). The company went public in 1970.