Apr

11

 There's a new game in town. It's called Stockpile, an app/brokerage that allows one to buy fractional shares of stocks in price increments online. They also offer gift cards at places like Target where one can buy fractional shares of every stock on the S&P 500 and many ETF's etc. One can buy the gift card, open the account, and redeem it for a partial share. It was very disconcerting on so many levels to see a rack of gift cards of partial shares…at a Target. At $0.99 per trade, it's very expensive considering it's almost a buck for a partial share. Still, the millennials will love it. Stockpile's website is here.  Here's a very good Youtube of Jim Cramer discussing Stockpile with the founder. Here's what the rack of gift cards looked like.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search