Notice how the design of the portfolio page - where your kid can see the stocks he or she owns and how much of them they own - is colorful, vibrant and uncluttered. Here’s a screenshot of a sample portfolio. Well, the kid-friendly design aesthetic carries through to the portfolio management side of Stockpile. We mentioned how visually engaging the Stockpile homepage is. So the idea of owning fractional shares puts saving and investing that much more in the reach of kids! Kid-friendly design ![]() You don’t have to have $1,000 to get in the game. Simply put, this means that if one share of a stock of, say, Alphabet (aka Google) trades for somewhere north of $1,000, you can buy just $10 of it and own 0.01 shares. One of the unique things about Stockpile’s business model is that you can buy what are called “fractional shares.” But more on that in a moment…įor now, let’s get back to the “how little you buy of a stock” part because that’s particularly key here. There is, however, one additional fee if you choose to buy a Stockpile gift card. There are no other additional fees when doing this online. It’s not a big deal it’s just something to be aware of going into this! Big pluses: Low fees and fractional sharesĮvery time you buy or sell a stock, you only pay 99 cents to execute that transaction - regardless of how much or how little you buy of a stock. That’s a big part of how Stockpile keeps its fees so low.īut here’s something to know: Because of batch execution, the price you buy at may be slightly different than you expect when you’re placing the order the day before. Whatever orders you place will be “batch executed,” meaning they’re grouped together with others and go through at the next day’s market open. When the trading account gets activated, you can buy and sell stock any time you want. As part of the registration process, you link a bank account and transfer funds. Setting up a Stockpile account works like pretty much anything else. The company offers more than 1,000 individual stocks and exchange-traded funds, the latter of which are like ultra-low cost groups of many different company stocks bundled together. When you visit the Stockpile website, one of the first things you’ll notice is how clean and visually engaging the site is.
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