In exchange for my honest and unbiased review, I received a $25 gift card to try out Stockpile.
Let’s talk about the stock market (did you just yawn?)! Wait! Before you leave what if we talked about apple pie? How does apple pie relate to the stock market? No matter how much effort that goes into creating the recipe it is always worth the taste and fun to eat. Plus, a pie is sliced so you can enjoy only as much as you want. Making pie can be fun especially if you can find a recipe easy enough to get the entire family involved as so can making your very first stock market investment. Give me a try as I explain how easy it can be and in the end I have a little freebie for you to get you started.
Stockpile is a website and an app (if you prefer) that guides you from start to finish with your investments. So let’s make it simple. Think about that apple pie all baked and ready for you to take action and slice into it. Do you plan on eating the entire pie at once? Of course not. So you just want a slice? There are many slices available and you know what? No one is going to force you to eat your entire slice either. You may want the whole slice and all the goodness (and calories) it comes with, but what if you only want a bite or two? You want to start small and maybe you’ll finish the entire slice later on…or not. That is like investing with Stockpile.
When you sign up at Stockpile which consists of assigning an account someone (yourself or child) and giving some basic information you aren’t dealing with pies but businesses. I was given a $25 stock gift card to invest and I chose Amazon. Now I hold a stock that starts out as zero cash value on a number line and can check in anytime to see if it falls or rises.
Fact (lesson): ‘Prices go up when there are more buyers than sellers. Prices go down when there are more sellers than buyers.’ So let’s all buy a little piece of the business pie. You get to choose your flavor (Amazon, Apple, Nike and over a thousand more).
Remember my analogy of taking 1 slice of apple (or your ‘flavor’ of choice) and only wanting a part of that slice? Stockpile allows you to put the amount you want and that can be as low as $5 to start into 1 share. A share can go for as much as hundreds or even thousands of dollars in trade but you buy into it as much as you wish. Any return if it doesn’t fall is calculated based on your investment.
Now once you just start with a minor dollar amount you still cannot really dive in deep without an investment plan. Whoa! Heavy phrase! That’s OK, Stockpile will teach you about index funds (such as the S&P 500) and individual stocks. The difference in short? Index funds are a collection of companies that come together as one investment option and individual stocks is putting your money into only 1 company. There are risks and advantages to both and that’s the fun part. What would you choose to learn more about?
You won’t get rich quick. There are no guarantees. You can lose your investment. I chose Amazon so do you think that is a big risk or a little risk? Amazon has been around a while and is more established than a brand new start up. Amazon has had steady stock prices for the most part and are past the new start up price spikes. That makes a brand like Amazon a safer risk. Think about that as you invest your first $5.
Guess what? I am giving you your first $5 to start. Just for fun. Just to really feel motivated to dive more into Stockpile and learn about how you can sign up a child, family member or yourself. GET your FREE $5 (I promise there is no catch-I would never do that to you). I will say that if you sign up I get a $5 bonus to invest somewhere just like you did and that is a lot of fun. But I am not telling you to create this free and easy stockpile investment out of greed. Once you complete redeeming your $5 you can get a referral code to and pass it on to others yourself.
Start now with $5 from me (well, technically it is fro Stockpile). Ready? Go!
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.