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Additionally, there is a “swipe” fee for 3% of the purchase.įor example, if you purchase a $100 gift card, the debit card fee would be $3 plus the additional $2.99 making your purchase $105.99. The e-gift card fee for the first stock is $2.99. The purchaser of the gift card has the responsibility to pay the fees for each transaction. Instead, Stockpile’s primary selling point is that they give you the ability to purchase a gift card for tons of stocks on the market. However, the Stockpile fees are competitive compared to other brokerage firms.īeing a cheap investment option is not Stockpile’s value proposition – but it is an added bonus. Short answer – yes, there are fees involved. If you are more interested in robo-advisors, check out our review posts of Stash, Acorns, Wealthsimple. We particularly like Stockpile as a learning tool, mainly because of the option to purchase fractional shares.īecause it is a relatively risk-free way to learn the ins and outs of the market!

Stockpile app forum full#

The owner of the stock will receive the same value increase (or decrease) in proportion to their fractional share – it works the same as if you purchased one full share of stock.Īlso, you can purchase fractional shares of multiple companies and begin learning the value of diversification! Stockpile then collects these fractional shares and executes trades for entire shares, based on customer purchases, at the end of each day. You still receive a real ownership interest in your chosen company, but without breaking the bank. However, with Stockpile, you can purchase a fractional share as small as $5! You realize – that is way too much money for one gift! Let’s say you want to purchase, Inc., which trades for around $1,500 per share. This form of investing is relatively new and has become a trendy choice for people with brokerages that offer this feature. …but don’t want to pay for an entire share. …introduce people (especially younger generations) to investing.īut how can you possibly give someone a fractional share of a company?! Stockpile’s CEO on Mad Money with Cramerįractional shares present an excellent option for people that want to gift a valuable stock… Why do these gift cards make excellent gifts?īecause Stockpile has effectively created a way to… These gift cards can be purchased on the Stockpile website and given to others as gifts.

Purchase gift cards that can be used to purchase fractional shares of household-name stocks and ETFs.

Lele created Stockpile with the intention of gifting fractional shares of stock to other people. …and in 2010, the brokerage firm Stockpile was born! Lele ultimately gave up and bought his nieces and nephews more crap.īut, he knew that he was on to something… Lele wished that he could somehow purchase part of a share and give it as a gift. And, by something useful, we mean stocks.īut the stocks Lele wanted to gift – Apple and Google – were far too expensive. Lele realized this phenomenon and became determined to give his loved ones something useful for the holidays. Now, most kids have enough crap – but Santa don’t care – he just keeps bringing kids more crap. It was Christmas and Stockpile founder, CEO Avi Lele, wanted to give his nieces and nephews something special. …with a little company known as Stockpile!Īnd today we’re here to answer the question “is Stockpile a good move?” Stockpile Overview …wouldn’t it be great if you could give them the gift of stocks? So, this year, instead of buying your loved one’s toys, sweaters, or even socks… Given the importance of investing, we have a responsibility to teach ourselves and the next generation the basics of this topic.Īnd since the holiday season is fast approaching, wouldn’t it be nice to kill two birds with one stone? Investing in stocks can be challenging, fun, and above all, very important in meeting your financial goals. Trading stocks is something that I began in college, and have continued to do well after.

Stockpile app forum free#

If you are going to open a Stockpile account, use the link at the bottom and they’ll give you a FREE stock. Today, I will give you all the pros and cons of Stockpile, then you can decide if it’s better than Robinhood.īTW. So, it’s important to pick the right brokerage account. In fact, most people are not introduced to the world of investments until they are ready to begin saving for retirement… Many people are afraid to begin learning about investing because of the inconvenience, difficulty, and mystique surrounding the entire process. That’s why I decided to write this Stockpile review. We both know that trading stocks can be a complicated and confusing process.

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