Stockpile.com Stock Investment REVIEW

        
*This post is for information purposes only. I am not a stock broker and I am not encouraging anybody to invest in any particular company. I received $25 in the form of a gift card to try stockpile. This post also contains affiliate links, which means I will receive a small commission if you sign up for stockpile.*

             If you asked me 11 years ago to teach you anything about the stock market, I would tell you that you are talking to the wrong person. And even after everything that I've learned over the years about stocks, bonds, and mutual funds, I still didn't know that I could buy a fraction of a share from a company that I really like.  That's where Stockpile comes in. Stockpile made it easy for me to invest in a company that I have always wanted to own, even if I did not have enough money to buy a whole share.

              I first learned about stockpile through Social Insiders. As a member, they offer you opportunities to try and review different companies.  They sent me a kit that included a $25.00 gift card for me to try the company and create my own account. Stockpile is very simple to use. After creating an account with stockpile, you can either buy stocks for yourself, give an e-gift card or a physical gift card to a friend or a member of the family. There are two types of accounts to choose from: Individual and custodial. The latter is when you create an account for an adult and a child under 18. With the gift card that I received, I invested in a company that I know and believe in. The fun part about investing in the stock market for me is knowing the company that I want to own a piece of. Earning dividends and watching my portfolio grow does not hurt either.


How Stockpile works

Stockpile allows people like me and you to buy part of a share of a company for as little as $10.00. For instance, If you've always wanted to own part of Google, which is owned by Alphabet and is  trading at about $955 now, but you can only invest $100, Stockpile makes it possible for you to make that happen. Here is how it works! First, you create an account with stockpile for as little as $10, but you can add more money as you go. Second, tell stockpile which company you want to invest that money in. Then, stockpile will buy whole shares of that company from the stock market, divide these shares up,  and give you ownership of the portion of the share that you can afford. You can also buy more than one share from any company that they make available to you. And as a shareholder, you have the right to vote, receive dividends, and even attend meetings if you want to.


Pros: 
  • You pay only $1 to buy or sell stocks - other companies charge $6-$10
  • You only need a minimum of $10 to start 
  • You can buy a fraction of one share 
  • You pay no fee to reinvest your dividends 
Cons:
  • Limited stock options - I have only noticed popular stocks so far
  • Trading time - all trades take place at the end of the business day
  • Reinvesting all your dividends or none of them 

                 It is very easy to monitor your stockpile investments. You can download their app to find out how your companies are doing on a daily basis. It is also easy to redeem your stockpile gift cards online or on the app. Their website provides meaningful information about the stock market for both adults and children, which is easy to read and understand. I had fun creating an account with stockpile. I also had fun choosing a company to invest in. The company that I invested in cost $144 per share, but I was able to own a fraction of that share for $25.00. And if I choose to sell my share, I also have the option to sell %25 or all of it. The beauty of investing in the stock market is watching your money grow. But your money can also shrink, depending on how the stock market is doing on any given day. But life is all about taking risks. And if you use this link to sign up for a stockpile account, I will receive $5 in stocks. You will also receive $5 to start trading right after opening your account. That's free stocks for both of us!
Have you heard of stockpile before?

CONVERSATION

20 comments:

  1. Never heard of it and wish I did when I was in the workforce. Be very careful my dear. VERY.

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  2. Looks like a good website to start investment.

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  3. Interesting post! I've heard of stockpile, but I didn't know much about it. Great information!

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  4. Great way to start investing in stocks. Kudos girl!


    http://www.fashionablyidu.com/

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  5. Sounds like an easy and affordable way to invest your money.

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  6. Stockpile is a good thing to get things started and to learn how to work the stock market. But as you said, it's pretty limited, tho. I am with Neti, be careful, sis, very very careful. Playing the stock market is fun but one can get easily get carried away. Play it safe, sis.
    hugs
    Lenya
    latest look: Redvolution

    ReplyDelete
  7. Wow, I feel completely clueless when it comes to stocks. THis sounds like a fun way to learn and get comfortable with it all. Love this!

    xo,
    Tania
    http://inspiremyfancy.blogspot.com/

    ReplyDelete
  8. Now this sounds very good. I haven't heard of this before. What a great way for average joes like us to invest a small fraction into something. Thanks for sharing!

    https://missymayification.blogspot.co.uk

    ReplyDelete

♥ I am very interested in what you have to say and I look forward to reading your comment. I may not be able to reply to all of them, but I read every single one. Please leave a comment. And if you leave your link below, I will definitely return the favor.♥

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