Things You'll Need:
- Brokerage account
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Step 1
Decide what kind of investment you would like to make. There are a variety of ways to invest in nanotechnology including stocks of individual research companies, mutual funds weighted toward nanotechnology, and more recently an ETF which also seeks to track the value of the nanotechnology sector. Each of these investment vehicles is different and you are encouraged to research them to find the one that best fits your strategy. For this example, we'll invest $5,000 in the Powershares Lux Nanotech ETF, a conservative way to play the nanotechnology investment (see Resources below).
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Step 2
Call your broker or log in to your online brokerage account. If calling your broker, simply ask to invest $5,000 in Powershares Lux Nanotech ETF. You can also ask them to advise you on other nanotech investment ideas.
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Step 3
If using an online brokerage like Fidelity or Etrade, sign on and click on "Trade." Enter the ticker symbol for Powershares Lux Nanotech ETF (PXN) and enter your investment amount. As this is an ETF (exchange traded fund), there is no minimum investment. You can check the current price of PXN on your preferred financial site or on your brokerage page.
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Step 4
After submitting the trade, you should receive confirmation from your brokerage.
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Step 5
Watch your investment carefully. Keep track of your investment. Decide how much you are willing to lose or gain and consider setting a sell limit order. This is the price at which you will exit your investment if things go sour. Check with your brokerage on how to set up a limit order.
