September 20, 2017, 12:35:26 AM


Author Topic: Stockpile.com Investing for Americans, (sorry)  (Read 362 times)

Offline thunderlips

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Stockpile.com Investing for Americans, (sorry)
« on: July 14, 2017, 06:02:31 PM »
https://www.stockpile.com/

Anyone use this?

I just opened an account.

Seems like a great idea. The format isn't quite what I was hoping for. For example you can only buy stocks/ETF's that they are currently holding. BUt they do have a big selection of the big boys stock offerings; Apple, TESLA, Google, 3m etc.

Knowing is half the battle.

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Offline thunderlips

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Re: Stockpile.com Investing for Americans, (sorry)
« Reply #1 on: July 20, 2017, 12:37:39 PM »
Just to update. You can't use a credit card from abroad. But probably do it with a VPN.

I set-up bank transfer option to avoid extra 3% fee for using credit cards anyway.

.99 cents for each trade executed, buying or selling.

Also they only list stocks/ETF's/etc. that they have invested in. So you can't invest in smaller less popular stocks or foreign investments (except some ETF's have foreign investments).

Anyway I am happy with them so far for what I want. Low fees and excellent customer service, both online and by phone (on PST time in USA).
Knowing is half the battle.

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Offline Hau5fly

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Re: Stockpile.com Investing for Americans, (sorry)
« Reply #2 on: July 20, 2017, 03:20:59 PM »
Wow their website is minimal, which is nice but also makes me suspicious...

I'm not sure whether its the age we live in or this crazy bull market (SNAP's IPO for example), bringing all of these platforms out of the woodwork.

You might want to check out the robinhood app, as a non-american i cant use it, but its very slick and 0% commission (but they give you an altered trade price and orders are delayed).

Offline thunderlips

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Re: Stockpile.com Investing for Americans, (sorry)
« Reply #3 on: July 20, 2017, 04:22:15 PM »
Yeah I was hesitant about stockpile, but read reviews and news articles about them. They are legit. The robinhood app is appealing, but I like having the website user face and I've heard the customer service isn't great at Robinhood.


https://www.consumeraffairs.com/news/stockpile-gift-cards-for-stock-040616.html
http://www.huffingtonpost.com/terry-savage/stockpile-a-holiday-gift_b_8585668.html
https://www.nbcnews.com/better/money/it-s-not-glamorous-trendy-or-cool-might-be-best-n698316

This biggest drawback of stockpile is the fees to issue a gift card or using a credit card as a payment option, but if you use a bank transfer to buy stock for yourself the fee is $.99 total.
« Last Edit: July 20, 2017, 04:28:24 PM by thunderlips »
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Offline kobayashi

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Re: Stockpile.com Investing for Americans, (sorry)
« Reply #4 on: July 20, 2017, 06:22:39 PM »
only 99 cents per trade and no other fees? how do they make money then? are the banking on the fact that people are going to be making lots of trades?

i dunno, looks interesting but there's always that old saying "if it sounds too good to be true, it probably is".

need to do some more research.

EDIT - ah nevermind, i see they make their money off the gift cards

Quote
There are always fees involved in the purchase of stock and a Stockpile gift card is no exception. If you buy a $25 gift card, the fee is $4.95. If you get a $50 gift card, it's $6.95. On a $100 gift card, the fee is $7.95.
« Last Edit: July 20, 2017, 06:24:57 PM by kobayashi »

 

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