The 21st century is all about challenger fintechs and app-based share trading for everyone. From Australia to the USA and everywhere in-between, investing and day trading are big business for individuals and the companies like Stake that give them unfettered access to investing in Wall Street.
Read more about Stake here, but if you’ve downloaded the app, then here’s some ideas on how to make your first move from the expert themselves.
What’s the first step?
The S&P500, a basket of America’s 500 biggest companies, has averaged a return of 9% across history. $1000 invested into the S&P500 with $1000 added annually would be worth $150,000 after 30 years. The stock market is one of the greatest wealth-generating engines in the world. You can be part of it.
Some investors prefer to actively pick companies they think will grow and increase in price. Are you particularly interested in cars or renewables? Maybe you believe in Tesla. Notice that one of your favourite online brands is always selling out? Maybe it’s worth looking at the stock.
Over time, you’ll develop strategies as you gain experience and come across different resources. Remember though, time in the market will always beat timing the market.
How many options are out there?
Stake has over 6,000 US-listed stocks and ETFs available to investors. From the giants of today like Apple and Amazon, to the game changers of tomorrow like Tesla, investors can find all the companies they know and love on the Stake platform. Some of the most popular stocks include Facebook, Disney, Paypal, and Microsoft.
If stock picking is outside your comfort zone to start, Exchange Traded Funds (ETFs) provide access to a basket of stocks managed by professional investors. Stake offers access to almost 1,000 ETFs. You can buy $VOO which owns a portion of every stock on the S&P500, or $ICLN which only invests in clean energy stocks. Even $MJ is an option which provides exposure to the growing legal cannabis sector.
How do I start?
With Stake, you can be in the US market in under 5 minutes. A seamless signup process and intuitive app design paired with commission-free stock trades are perfect for investors looking to get started in the market.
You can start with just AU$50 and buy fractional shares. Even if Nike is trading at US$130 per share, you can buy $10 worth (a fraction of the full share).
You can apply for an account in your own name (Individual Account) or in the name of a Company or SMSF. We’ve made it super simple to get going, but we still need to collect some important information to verify you and set up your account properly.
What’s more when you sign up for an Individual account, you also get a free stock worth up to $150 in value – including Nike, GoPro, and Dropbox. All you need to do is fund your account within 24 hours of it being ready.
Head to hellostake.com for more information, or to trading.hellostake.com to get started.
This does not constitute financial advice. Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Please view their Financial Services Guide, Terms & Conditions, Privacy Policy and Disclaimers before deciding to use or invest on Stake.