Nike has dominated the athletic shoe market for years and doesn’t seem to be slowing down any time soon.  Twenty years ago when I just became a teenager, there was only one shoe I wanted, the Penny Hardaways made by Nike.  If you had the Pennies and went to my middle school in late 1998,  you were certified “cool”.

Fast forward twenty years and the company has continued their dominance in the athletic shoe market, as well as branching off into other sports markets, such as golf and soccer.

My nephews, who are just now becoming teenagers, prefer Nike just like I did.   Today, they want Labrons or Kyries, just like I wanted those Pennies – Nike still has it’s dominance over the youth.

If Nike is a company you admire, and a brand you love, then you may be interested in buying stock in Nike.  By buying stock in the company, you will effectively become an owner – you will have a shareholder vote for each share you own, and you really are a part owner of the company.

Below we will discuss how you can buy Nike stock, and how you can gift Nike stock to your children if they are lovers of the brand.

Nike Company Details

Nike historical chart and current price

How to buy Nike Stock

What’s amazing about the United States and the current investment industry is that ANYONE can buy stock in a publicly traded corporation.  You do not need a million dollars to buy stock; you do not need to be “privileged”.

All you need to do is open a brokerage account, or an account with a robo-advisor, and you can purchase stock in any publicly traded company – it’s that simple.

Below are two companies I recommend to use for purchasing stock in Nike, and one company I recommend to use if you’re interested in purchasing Nike stock for your child, or a friend or family member.

By the way, I’ve written extensive reviews of two of the below companies, read them here:

M1 Finance Review 2018 – The First Free & Sexy Robo?

2018 TD Ameritrade Review: TD Ameritrade After Acquiring Scottrade

Buy Nike stock through M1 Finance

What is M1 Finance and why is it recommended?

There are two main reasons I recommend M1 Finance to purchase stock.

1.  Thre are no fees and no commissions to purchase stock. (If you’re wondering how they can do this, you can read my M1 FINANCE REVIEW)
2. There is a low account minimum of $100 so anyone can afford to buy stock.

If the fact that it is free and has a low account minimum doesn’t convince you, they also allow you to buy fractional shares, rebalance your investments with ease, and offer many ETFs as well.

Below is a screenshot.

If you want to go the more modern route to buy Nike stock, M1 Finance can be a great fit.

INVEST FOR FREE WITH M1 FINANCE

Placing an order with M1 Finance

M1 Finance purchases stock during one single trading window.  Unlike with an online broker such as TD Ameritrade, M1 Finance only has one category of purchasing stock (you will see below that TD Ameritrade has more than one).

All you will need to do is type in the symbol for Nike – NKE – the share amount, and then purchase the stock.

Buy Nike stock through TD Ameritrade

TD Ameritrade is a well-known brand name.  If you’ve not heard of the company, perhaps you know them by their bank, TD Bank.

The company is a traditional broker, and one of the largest in the nation.

Trades cost a low commission, at $6.95 per trade, and there is no account minimum for TD Ameritrade. The low account minimum is great since some traditional brokers require as much as $5,000 to open an account.

With TD Ameritrade, you could purchase a little as 1 share of Nike with no problems.

To read more about TD Ameritrade, you can read my in-depth review here: TD AMERITRADE REVIEW

Placing an order with TD Ameritrade

Placing a trade with TD Ameritrade is a bit more complicated than M1 Finance, but it’s really not difficult.   There’s just a bit of a learning curve to the interface and understanding the different types of trades you can make.

You will type in Nike’s stock symbol, NKE, then navigate to the area that asks the type of trade.

You will see two different trade options: market order, or limit order (you will also see a stop and a stop limit, just focus on the market order or the limit order).

Below are descriptions of the types of orders.

• Market order – TD Ameritrade will purchase Nike stock at whatever the market price is during market hours.
• Limit order – The limit order will allow you to specify the maximum price you are willing to pay for the stock; TD Ameritrade will not purchase the stock for a price higher than the one you set.

You will use the market order if you want to buy Nike at any price during the day while it is trading.

If you want to avoid paying a price you believe is too much, use a limit order so TD Ameritrade won’t purchase the stock for more than the price you want.

How to buy your kids Nike stock, or as a present for friends or family.

Stockpile is a company that offers stock that can be literally purchased as a gift certificate.

Just like you may buy a Starbucks gift card or a Target gift card for a family member, you can do the same with shares of stock.

To learn more about Stockpile, click the button below.

GET $5 TOWARDS STOCK WITH STOCKPILE!

About Nike

The following description of Nike is from Morningstar:

Nike Inc is the world’s largest designer and wholesaler of athletic footwear and apparel. The firm sells to more than 50,000 retail accounts through a network of more than 1,142 company-owned stores (about 30% of revenue including online sales), and independent distributors and licensees in 170 countries. Nike brand sales in North America account for 43% of revenue, followed by Western Europe (18%), emerging markets (12%), and China (13%), with the remainder from Japan and Central and Eastern Europe. The Converse brand accounts for 6% of sales.

Nike competitors

Some of the competitors of Nike include (but are not limited to) the companies below:

Adidas

Under Armour

Conclusion – How to buy Nike stock

Anyone can purchase shares in Nike.  The first step is opening up a brokerage account so you can buy shares.  This can take as little as twenty minutes, but you will need to wait a couple days until money is transferred to the account.

Once the account is opened, you can easily buy Nike stock – it’s that simple.

Now, I’d like to hear from you.

Are you planning on buying stock in Nike?  If so, why?

Disclaimer: These are the ideas and opinions of the author.  The author is not responsible for the actions of those who read the posts on this blog.  Each individual reader has a unique situation and unique needs.  This blog is not intended to solve those unique situations of the readers.  This blog is not liable for decisions made by the readers of this blog.

Did I provide value?  I hope so, and I want you to know this article includes affiliate links.  Hopefully, I created enough value and you want to support me – here is my affiliate link disclaimer for full transparency  DISCLAIMER