Real People Share Their Real Investments And You Can Start With Just $5
Sorry to the very rich or seasoned stock traders, this article is not for you.
The stock market is amid a period of extreme volatility, with inter-day swings comparable to the largest losses (and gains) in decades.
Everyday investors, from seasoned traders, business leaders, celebrities, and financial influencers, are helping the everyday American pick winning stocks by sharing them on this new social investing app.
If you are new to the stock market, this is the by far the best way to get involved (hands down).
Before we get into what the company is, here’s why it’s the perfect trifecta for new investors.
There are two major things to note here, as a new investor or someone looking to build wealth in the stock market.
The first is actually quite obvious.
Now that the market has dropped from previous highs, there will be heavily discounted amazing stocks to purchase. History would tell us that these stocks should go back up, just a matter of when, right?
Let’s Take a Look At Tesla
Tesla’s stock price on February 19th was $917.42. Since then, you might have noticed that the entire stock market has been crushed. Just one month later, due to this exogenous event, Tesla is now trading at $409.00, that’s a 55% drop in one month!
So we are all aware that there are good opportunities to be had in the stock market.
But if we never invested in the stock market before, it really is intimidating.
How do you start?
How do you know which stocks to buy?
We are all so busy. We might not necessarily have the time or desire to pick winners as a typical day-trader might. We simply might want to find companies we believe in to hold and grow in the long-term.
Well not only did we find a service that is easy to get into the stock market with, you can also start investing with as little as $5 today.
It’s called Public.com
It’s a new micro-investing app that allows you to see other people’s trades, invest in small amounts (this is called fractional investing) and much more.
When I signed up I noticed Shaq was a member and now I follow him to see where he invests.
This really gave me the confidence to piggyback off of other people who know way more than I do.
It’s not just celebrities, everyday people just like you and I are sharing their stock picks and strategies. I follow Leif Abraham, see below.
To be honest with you, this was really a dream come true for me.
I could see people whose opinions I value learn why they invest. I can even start a conversation with a few other investors to bounce ideas and improve my financial literacy within a real-world environment.
Before you ever make an important decision, what do you do? I know that I generally talk it through with people I trust. I might not follow what they say exactly, but just having a conversation can help me clear my mind and see things in new ways. Same goes with investing.
That’s why I love Public.
I can see where people like me are putting their money, and have transparent and constructive discussions with people from different backgrounds.
Similar to Venmo, Public has a social feed that shows recently verified transactions in a feed format. (Verified meaning that each post is tied to an actual transaction in the app, an investment or sale.)
Here, look at this.
I saw Dylan Cooper invested in Boeing, and more important to me, why.
You can see actual conversations. People are sharing information and helping each other make decisions.
Here is more information about Public.
We already know how incredibly valuable it is to not only follow investors’ ideas and portfolio investments and even more, the ability to invest in stocks and ETFs, commission-free. You can even invest fractionally (portions of a share) in more than 2,800 equities, which means you can get in on the action no matter what circles you run in.
Let’s talk about Exchange Traded Funds (ETFs) for a second. In Public, you can invest in these with as little as $5.
These investment vehicles have historically been popular with a broad range of investors because they make up a pool of multiple stocks. Furthermore, Public has access to the best ones in the market.
These are legit ETFs from some of the most trusted names in the business like Vanguard and BlackRock. And just like buying stocks with Public, ETF trades are commission-free with any amount of money.
In case you missed this earlier. There are zero commissions, which means there are no fees on trades and no account minimums. (See Public.com/disclosures for more information.)
You gotta love millennials for mixing everything we love into one platform; social media, real talk, and building wealth in an accessible format.
As if these weren’t enough reasons to run and start making money moves with Public, they also encourage you to share with friends by offering free stock. Yup, FREE STOCK.
So how does this work?
It’s called Slices. They are small units of stocks and they are pioneering the way everyday Americans can invest in the stock market.
These slices of stocks make it accessible for more people. Instead of paying $400 for a share of Tesla, you can buy a slice by the dollar.
Fractional investing, as the finance nerds call it, was previously only available to the wealthy via their financial advisors at expensive investment banks.
Now you can do the same, all through their fun to use app.
See disclosures at Public.com/disclosures.