IS IKEA STOCK LISTED ON A STOCK EXCHANGE?
If you are browsing the internet looking for an investment platform where to buy IKEA shares, look no further. We have bad news: IKEA isn't listed on the stock exchange. Hence, you cannot acquire shares of the Swedish design giant.
At the end of this article, we detail some alternatives to invest, considering that IKEA stock is not available.
Who owns IKEA?
IKEA is privately held by the Interogo Foundation, and a complex business structure has been designed to ensure there will never be a need for an initial public offering (IPO).
Along with helping IKEA make a non-taxable profit, IKEA's complicated corporate structure allowed its founder Ingvar Kamprad to maintain tight control over the operations of IKEA. In June 2013, Ingvar Kamprad resigned from the board of Inter IKEA Holding SA and his youngest son Mathias Kamprad replaced Per Ludvigsson as the chairman of the holding company.
Investment Alternatives to IKEA
If you are looking to invest in IKEA, then you are looking for Assets related to home improvement. Here is a list of alternative stocks and the stock exchange where it trades:
ARHAUS INC (NASDAQ)
HOME DEPOT INC (New York Stock Exchange)
LOWES COMPANIES INC (New York Stock Exchange)
TILE SHOP HOLDINGS INC (NASDAQ)
HAVERTY FURNITURE COMPANIES INC (New York Stock Exchange)
LESLIE's INC (NASDAQ)
How to Invest in Stocks
Set your investment goals. Whether a long-term investor or a day trader, your plan should detail your profit expectation and the stop-loss level at which you will liquidate the trade.
Choose the Broker that best fits your strategy. The Broker will allow you to buy and sell the Stock. This step is vital; if you open an account with a Broker that you end up unsatisfied with, it will be problematic. Although you may open an account with another, it's better to pick the right Broker straight from scratch.
Open a Trading Account with the Broker. Most Brokers will ask you to upload an ID and proof of residence.
Deposit Funds. Funding alternatives range from credit cards to bank transfers and e-wallets. The available options will depend on each platform. Trading Accounts are available in US Dollars (USD), Euros (EUR), Pound Sterling (GBP), Swiss Franc (CHF), and Australian Dollar (AUD) as the base currency.
Buy the chosen asset and Apply your Investment Strategy. Once the Broker confirms that your account is funded and ready to trade, it's time to buy the asset and apply your trading strategy.
Review your performance and calibrate the strategy as needed. You can't expect to get it right from the beginning. When investing, especially while you are starting, you will make mistakes. That's a given. Learn from them, improve and twitch your strategy as needed.
However, before you proceed, you must take into account that:
Past performance doesn't mean future returns. You will hear stories about that "Trader that made a fortune". Don't assume an investment will continue to do well in the future simply because it's done well in the past.
Only invest what you can afford to lose. Make sure to keep your bank balance positive. There is no certainty that it will go well.
Don't blindly trust what you read online. People are biased, and even the top financial gurus make mistakes. Learn, investigate and reach your conclusions. Reading financial media will help you take more informed decisions, but do not take it as proven truth.
Stay Calm. Financial market volatility is scary, and it is easier to say than to do, but remember that it is hard to take good decisions while anxious. If you are getting too worried about your investments, then you should invest a smaller amount of money.