One thing is painfully obvious: The Stockpile team are very clear about their target market. If investing isn’t the recipient’s “thing” they can cash out the card for a plain-old gift card. Trades are made at the day’s closing price. Well, done except that you have to wait until the trade clears - which can be the same day, or the next day the market is open. The process is really simple.įrom there, you simply pick the company you want to invest in, and it’s done. You can do this either online (that’s what I did) or via their mobile app. The gift card works like any other - scrape off the back, enter a code, and it’s redeemed. The card came in the mail overnight (even though I didn’t pay for expedited shipping!). I wanted to see how they handled the integration of digital and physical, so I got myself a $50 gift card that could be applied to any stock. You should subscribe, you’ll enjoy it and find it helpful (don’t forget, it’s free): What I invested in In fact, it inspired me to create a free email course to help people understand how getting started through Stockpile helps them build wealth over time. Just get started.įor some reason (I have lots of thoughts on this), it’s just so hard for people to get started. Pick a good company, it’s going to be higher in five years than it is today, whether you buy it at the daily high or the daily low. But if you’re just trying to build wealth over time, those tiny price movements are absolutely irrelevant. ![]() Sure, if you’re trading, you’re going to want to maximize against tiny price movements. I believe that when you focus on the price you pay per share, you become more hesitant because you want “the best price”. It also takes the focus off of the price at which you’re buying. If you’re investing for the long term, minor daily price movements don’t matter, and this enables you to invest more easily and with a lot less money to get started. What’s nice about buying in dollar amounts is that you don’t need to worry about the price of the share. You can buy $25 of Apple or $10 of Tesla, or whatever your heart desires. With Stockpile you invest in dollar amounts (not share amounts). Stockpile is the simplest way to get started investing in individual stocks, ADR’s (which enable you to invest in non-US companies), and ETFs that track some market indices or commodities (like gold). I couldn’t help but write a Stockpile review to complement my reviews of Stash Invest and Robinhood. (Whether it makes sense to do that, is another story I’ll discuss later.). You can get started with as little as $1. These guys seem to have thought of everything, and investing is as easy as it can be. ![]() I have such a passion for investing by reinvesting dividends and having money make money. ![]() I can’t even contain how excited Stockpile makes me.
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