With only $100, you can own fractional shares in 20 different companies, as opposed to only being able to invest in 1 or 2 full shares. This is part of having a diversified portfolio. Purchasing smaller dollar amounts of a lot of companies reduces your risk when compared to only owning a couple of stocks. However, this does allow you to allocate your portfolio differently. Keep in mind, however, that this does not reduce the risk of purchasing a stock as your returns will be the same as they would be with the full stock. Now, with Public, you can invest as little as $5 into a company without the need to purchase the whole stock. With fractional shares, gone are the days that require investors to have the full amount of a stock before they purchase. This feature is, in my opinion, one of the greatest revolutions in modern-day investing. Meaning you’ll never have to worry about paying the company for all the trades you make. Not anymore.įees have essentially been waved on all newer investment platforms, including Public. Likewise, hefty commission fees reserved the investing field for the wealthy, or at least those who could afford to pay a fee each time they made a trade. This offering means that the playing field has been leveled for retail investors. You can invest any amount to start and have the same benefits as those starting out with $10,000. Public, like many other new-age investing platforms, offers the ability to invest with no account minimums. The investment themes or prebuilt portfolios are a plus too! Account Minimums This brokerage aims to make investing easy and social. Here's our full breakdown of Robinhood vs Public. These apps allow users to get the full experience without risking their life savings.Īpps like these are changing the investing landscape and will continue to push out new advancements to continue their legacy of looking out for the little guy! You're also able to follow other investors and see what they are investing in.īoth apps put the power of investing into the hands of normal individuals without finance backgrounds or exorbitant amounts of cash. The app has a main feed where you can read posts from other investors and share your thoughts. Public is a cross between Robinhood and a social media app like Twitter. The simple interface has helped them attract a new generation of investors. Robinhood is the pioneer commission-free trading app and offers stocks, ETFs, options, and cryptocurrencies. This makes them a popular choice for those that are just getting into investing for the first time. When compared with many of the other investing apps out there, these two are the most beginner-friendly. Both platforms make it easy for new investors to get involved with clean and crisp apps, no account minimums, and no commission fees. When it comes to investing as a beginner, simplicity is key.Īt least that belief is what Public and Robinhood were founded on.
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