In exchange for my honest and unbiased review, I received a $25 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 or own an investment in any company or brand mentioned, and have no plans to do so. Securities products are not FDIC insured. Not bank guaranteed. May lose value.
First of all let me just say I am NOT a stock expert. I always wanted to learn more about stocks and start investing. It was intimidating to me. No guarantees I’ll make money, seemed like it took a lot of money to start, all the stock jargon I didn’t understand. Now let me tell you what I am. I’m 30 something, frugal mom of 4 on a budget. I have a desire to invest. I have future goals. There were companies I did some research on that I really wanted to invest in. But some of them were $300+ a share. I didn’t have the budget to buy even 1 share. Then I learned about Stockpile.com.
Stockpile allows you to buy fractional shares of stock. So for instance, let’s say a stock you are interested in is $300 but you only have about $30 to start investing. You can invest $30 and own 1/10 of a share of that companies stock. Let’s say next pay day you want to invest another $30 in the same company. You do, and now you own 2/10 of a share of that stock. You keep doing that each pay day until you own a whole share of that companies stock.
Not only does Stockpile make it easier for those on a tight budget to invest but it’s very user friendly. You can even create wishlists of stock you want to invest in and create sub accounts for kids or anyone else you like.
Looking at other big name investing sites, some charge upwards of $10 every time you buy, sell, or trade a stock. Stockpile only charges 99 cents!
You can also buy Stockpile gift cards. I love this idea. This would be a cool gift for the high school or college graduate, a great way to allow kids to invest, or even a nice wedding gift for the happy couple to start their life together.
You can see the particular Stockpile gift card I received says “Disney stock”. I wondered if since it said Disney stock it meant that’s all it was and I didn’t have options to invest. Well, I redeemed it on Stockpile.com. It did come up as Disney stock HOWEVER, it gives the option to choose a different stock instead. You click that option and choose the stock you want to invest in. I chose DOW Chemical instead. So if you can’t choose which stock to gift, no worries, your recipient will still have an option.
Education is important to know how to invest and what you should be investing in. Among other resources, stockpile has a non-intimidating learning center to help you get started. I found the information easy to understand and helpful. Check it out the Stockpile learning center for yourself
Signing up for a Stockpile account is free. Use this link to get $5 in your account just for registering!
