Disclosure: In exchange for my honest and unbiased via, I received a gift card to try out Stockpile. This post contains a referral link. I am not a market professional and not responsible for gains or losses that you may experience. I am not affiliated with any company or brand mentioned. Securities products are not FDIC insured. Not bank guaranteed. May lose value.
Have you ever wanted to get into stocks but found it to be confusing and costly? It’s something that I have considered for a few years now, but getting into stocks was just something I didn’t have the time to learn so I put it on the back burner.
That is until now.
I have mentioned this app before as a gift suggestion and I have even had my account for a few months, but I hadn’t done anything with it. That all changed today though when I invested $25 into stocks with Stockpile.
Intro to Stockpile
Stockpile is an app that simplifies the stock market. You know how you can purchase a slice of pizza instead of an entire box? That’s how Stockpile works. You can invest as little as $1 to buy a fraction of your favorite stocks within minutes. The best part is they have more than 1000 stocks for you to choose from and they are federally regulated by the SEC & FINRA, so you can trust your hard-earned money with them.
How Stockpile Works
With Stockpile, you can create an account on your desktop or via their app. Once you’re signed up you can browse through the available companies, which they have grouped by category, and make your investment in your favorite companies. They also have resources available for rookies, so you can make sure that you are making smart investments and understand 100% how the platform works.
Once you have purchased your stocks, you can sell them when you are ready for just 99 cents per trade. When you need a gift, you can purchase gift cards that go to your recipients and you can even set up accounts for the kids.
You have access to your portfolio around the clock via the website and the app.
What I Invested in
I decided to start with a small investment of $25 in Amazon stock via the Stockpile app. This is much more affordable to do than paying more than $900 a share. The process was easy and quick. Additionally, they also provide email confirmation of your order so you can be sure that your investment went through.
Closing Thoughts on Stocks
Overall, I am pleased with Stockpile. They are easy to use, affordable, and if my first investment works out good, I plan to set up accounts for each of my boys. It’s never too early to teach kids about investing, right?
If you are someone that has been considering getting into stocks I would highly recommend the Stockpile app. Start with a low amount and as you get the hang of it consider investing more.