Of course, hopefully you can come up with more than $1 to get started. In fact, you have to as the Stockpile minimum is $5. One challenge with investing a small amount of money is that the returns are equally small. If you invest $10 — and do extremely well — maybe you'll earn $1 in the next year on that investment.
Stockpile is an excellent way–maybe even the best way–to give the gift of stock. The basic trading fee of $0.99 is just about the lowest available in the brokerage industry. The ability to purchase fractional shares.
The Better Platform: Stash
Basically, Stash's wider investment selection and the ability to add your own investments offer much more flexibility than Acorns. Acorns could perhaps be a better choice if you want to have the app take care of all your transactions and don't want to get involved in your investments.
Robinhood has by far the most limited investing options out of these three platforms. Stockpile is best for newer investors without a lot of capital. The fees and costs of fractional shares are much lower than those of traditional brokerages and even some robo investors.
Stockpile is a great way to get young people interested in stock investing by purchasing fractional shares of stock through gift cards. It requires a low minimum investment and low fees. However, its limitations may turn off more sophisticated investors.
Stockpile Help Center. How can I withdraw my available cash?
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If you are using the website, please follow these instructions:
Another limitation with Stockpile is that the trades don't happen in real-time. Instead, they are processed at the end of the trading day, which can potentially alter your plans.
If your trade is entered into your Stockpile account after 3 PM ET on a market/business day, your order will be placed at 4 PM on the next business day. For sell trades, the cash will settled in your account in 2 business days.
Costs. All trades on Stockpile cost just $0.99. Gift cards for stock cost $2.99 for the first stock and and $0.99 for each additional stock.
In general, Stash is most likely to appeal to DIY, hands-on investors, while Acorns tends to be a better fit for investors who want to outsource management of their investments. Below, a full comparison of the two apps.
Sofi vs Stash: Results
Overall, these two look pretty even but SoFi is free. The broker is the top dog for cryptocurrency trading, while Stash is the only choice for earning fractional shares for purchases. Value oriented investors can find a better deal at the other $0 commission broker, Webull.
Overall, Stash has enough good features that make it a worthwhile option. If you need some help getting started investing, then Stash can be a good place to start your journey. However, the relatively high fees make it less attractive to experienced investors.
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