I am so excited to introduce you to a fantastic company called Stockpile! Today’s post will be our complete, in-depth review of Stockpile. As a mom of four children, I know just how important investing is. I also know how scary and expensive stocks can seem to a new accredited investor. Today’s post is going to change that perspective for you!
Why should I even consider investing?
Investing is simply a way to create wealth (money). People have different reasons, but college education, retirement, and homeownership are the most common.
Having four children and the average four-year tuition cost, I know my current finances will not cover all their college. We would rather invest in our children’s education than chance them living at home at forty (well, not all four of them, lol). Their education is our reason to invest in stocks and not have a ton of money, to begin with. This is where our interest in Stockpile began. For someone who wants to get into trading various commodities and stocks, looking into the various options such as stock trading nz platforms and others can be a very lucrative venture.
Stockpile is a no-hassle way to give (or keep) the gift of stock. They have over a thousand stocks and ETFs (exchange-traded funds) to choose from. There are options to buy both e-gift cards and physical cards and have options even for children to begin investing.
How does it work?
Stockpile simplifies investing by making it where you purchase actual dollar amounts instead of share amounts. This is great because you can invest in the dollar amount you can afford and start investing sooner.
The other great benefit of buying in a dollar amount instead of in shares is that you now have the opportunity to invest in huge companies! Disney, Nike, Facebook, Amazon, Google, and other giant companies are now within your reach!
Children can own their stock if an adult is also on the account with them. Like bank accounts, they will be the beneficiaries until they turn eighteen. Children can have a separate login on Stockpile from the adult on their account and place trades with the adult’s consent.
So, gift cards…How does that work?
Have you ever had to buy a kid a gift knowing they already have too many toys? Or maybe you don’t know what they like, so you get them a gift card. With Stockpile, you can purchase gift cards to companies they love. Stockpile has a whole section to educate children (and adult newbies) about investing. You can help invest in someone else’s future through their gift cards!
These gift cards can be purchased as either a physical card or an e-gift card sent to their email. There are no expiration dates on cards, and the card’s value will not change until stock is purchased. (Once a stock is purchased, the value will fluctuate based on the market). If, for some reason, they do not like the company you choose, they can exchange it for a stock they prefer or even a retailer gift card if they don’t want an investment.
So how much does it cost?
Some fees are involved, but Stockpile makes sure all their fees are as low as possible and states them upfront. Customers can purchase e-gift stocks (online gift cards) that range anywhere from $1 to $1,000, plus fees.
Here is the breakdown of the fee. Remember that these may seem like a ton of fees but, in comparison, are lower than buying stocks through other brokers. (Stockpile is a licensed brokerage registered with FINRA and the SEC.)
Fees (from Stockpile directly)Giving an e-gift of stock$2.99 for first stock + 99¢ per additional stock + 3% credit/debit card fee Our gift cards are priced like those Visa or American Express gift cards you see at the store. We charge a small fee on top of the face value, but it’s not to rip you off. It covers the trading commission and credit card fees, so your recipient doesn’t have to pay them. (It would be a bummer if your recipient got a $50 gift card but ended up with less than $50 of stock, don’t you think?) Since each additional stock is only 99 cents, the more stocks you add to your cart, the more you save. Buying or selling stock99¢ if you pay with cash. If you want to buy stock for yourself using cash in your Stockpile account, each trade is only 99¢. To buy $50 of Apple stock, you’ll pay $50.99.99¢ + 3% if you pay with a credit/debit card Sell trades are 99¢ too. So, if you sell half a share of Apple at $140 per share, you’ll get $70 – $0.99 = $69.01. |
Is Stockpile a good choice?
A stockpile is an excellent choice to give as a gift or a starting place for investing in stocks. Many families (including my own) cannot afford the upfront costs of traditional stocks. It’s also a great choice to teach your children about saving and investing money. If you are an adult considering for yourself, I would recommend this as a great way to learn about stocks and start small until you can invest in more significant amounts.
If you are interested in purchasing a stock gift card today, use our exclusive link to get $5 of your favorite stock for free! in a new Stockpile account — your choice of Apple, Tesla, or 1000+ others
