Talks about money, whether the topic is earning it, saving
it, or spending it have been in heavy rotation the last couple of weeks here at
our home because oldest has graduated from high school and will be attending a
nearby university in the fall.
All those “adulting” topics you think you have time to get to are upon us now. I’m just thankful that my husband and I laid the groundwork by talking about age appropriate money topics throughout her life. We feel confident that she will continue to make smart money decisions even when she isn’t with us. When I learned that I had been selected to work with Stockpile, a company that lets you purchase gift cards for stock, I was extremely happy. Not just for me- I’ve always wanted to venture into investing, but also for our grad! Read on to learn more about Stockpile and how to redeem a free $5 gift card to use at Stockpile too.
Disclosure: In
exchange for my honest review, I received a $25 gift card to try out Stockpile.
This post contains a referral link. I am not a market professional and not
responsible for gains or losses that you may experience. I am not affiliated
with or own an investment in any company or brand mentioned, and have no plans
to do so. Securities products are not FDIC insured. Not bank guaranteed. May
lose value.
I normally have a much smaller disclosure than the one
above, but it is important information,
not just to cover me and Stockpile, but you, the reader. As Stockpile states in
the handbook they sent me and online at their site, many find the traditional
model of investing to be intimidating, overwhelming, and financially
inaccessible. I agree with them! I’m
so thankful Stockpile sent their booklet - “A rookie’s guide to investing in
the stock market” to me. Before we jump into that, let’s take a closer look at
who the company is and what they do.
About Stockpile:
I enjoyed reading how Stockpile got its start. I found it to
be very relatable because I struggle to find meaningful gifts (not just more
stuff) for family members from time to time as well. Here’s their story as
posted on their website.
How Stockpile Works:
Stockpile is
unique because they let you buy fractional
shares of stock in publicly traded companies. For instance, I received a
Stockpile gift card with Tesla on
it. My husband is a fan of their cars, so naturally, I’ll invest with them and
we were pretty excited we got this particular company. With Stockpile, I you pick from more than a
thousand different stocks from companies like Amazon, Apple, Disney and more. Stockpile also offers ETFs for
Gold, NASDAQ, S&P 500 and more.
Understanding the lingo:
Redeeming my gift
card:
- Go to stockpile.com
- Click get your stock now
- Sign up for a Stockpile account
- Enter number code found on back of gift card
- Read about the stock you chose and how it is trading at time of purchase
6. Click redeem
That’s it! I’m now an investor with Tesla! It is pretty exciting to see
that I have $25 in assets.
A free gift from Stockpile:
Are you ready to start
investing? Perhaps you already do, but want to try out Stockpile for
yourself. If you sign up for a Stockpile
account using my special referral link you
will receive $5 of stock in your account to get started right away.
The great thing is I will receive an
additional $5 in my account as well. I plan on giving that to my youngest
daughter to get her started in investing. Stockpile makes that easy to do as well since they have a way for guardians to set up accounts for their children! This offer expires on July 30, 2017.
My Thoughts:
Stockpile has made it easy to sign up and invest smartly.
That’s not to say there isn’t a lot to learn! I like that Stockpile encourages
you to make an investment plan before you purchase any stock. They help you
understand what your risk tolerance range is. Meaning, if you bought a grad a
gift card for stock, they have the time to make conservative investments in companies that are older and more
established. The opposite is true if you are in a position to take risks. You’ll
want to make more aggressive investments
in companies that are younger and are focused on growth.
So far, I’ve enjoyed the whole process! I would
recommend them and have shared them with my recent grad who decided to invest
her $5 in Target stock. Together we will keep learning about investing, stocks
trading and more from online and offline sources. I'm glad I was able to give the gift of stock to my grad.
Please share in
comments: Do you have a recent graduate in your family? Would they be
interested in investing?
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