![]() Any investment in the stock market comes with risk. Which stock to choose depends on the risk tolerance and life stage of the investor. Payment can be made using credit cards, PayPal or Amazon. Physical gift cards or e-gifts can be purchased online. You can choose cards for individual stocks, such as Facebook ( FB) and Nike ( NKE ), or cards for any stock or cards for a specific sector (for example, “Choose your favorite fashion stock”). Buyers choose the denomination of the gift as well as the security. If buying online, the purchasing process is similar to that of most retail websites. They are also available online at their website,. StockPile gift cards for both individual companies and ETFs are available in thousands of stores across the country, such as Toys ‘R Us, Office Depot, Target and Sam’s Club. Watch StockPile’s CEO talk about gift cards with Jim Cramer. The Monthly Income Generator helps build a portfolio that can produce your desired passive-income stream. Try the Dividend Portfolio tool to help identify higher-yielding lower-risk stocks based on your personal investing goals. Unsure about which stock to choose? Check out some of our Dividend Stock tools that can help. In this account, StockPile charges $0.99 per trade for both buying and selling shares. In addition to the gift card service, StockPile also offers a more traditional brokerage account if you wish to simply trade for yourself. It also includes a small revenue for the company. The extra $7.95 helps to cover the cost of credit card processing fees and commissions so that the gift recipient doesn’t have to pay anything when buying shares. For example, a $100 gift card would cost the buyer $107.95. StockPile makes its money by charging a fee on top of the value of the gift card. That fractional share would change in value just like any other share of stock and would earn any corresponding fractional dividend that the company may pay its shareholders. An individual that chooses to invest $50 into a stock with a $500 share price would end up owning 0.1 shares of the company. The company is able to offer this feature by buying shares in the marketplace and slicing them up into fractional shares within their own platform. This means that anyone with at least $25 can buy stock in any company that StockPile offers.įind out why e-commerce companies don’t pay dividends. StockPile allows folks to purchase fractional shares of a company. For many stocks, this isn’t a big deal since they’re often priced under $100 but for people who wish to buy into Google ( GOOG) or Amazon ( AMZN) with prices well over $800 per share, this is an important feature. One of the primary benefits of StockPile is that an investor doesn’t need to save enough to purchase a whole share of a company. Gift cards usually come in denominations of $25, $50 and $100, and can be purchased either individually or in packages. These securities can be purchased through an account using the StockPile website with either a physical gift card or an e-gift. StockPile has a menu of nearly a thousand stocks and ETFs to choose from. ![]()
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