Automatic cash deposits

“Compound interest is the eighth wonder of the world.” — Albert Einstein

Starting early and investing regularly helps you reap the magic of compounding.  Here’s how you can schedule automatic deposits from your bank to help you do that.

Automatic cash deposits

What happens to my investments if something happens to Stockpile?

Cheat Sheet:

  • We are a paying member of SIPC.
  • SIPC was created to protect the investor in the case of fraud or bankruptcy.
  • Does not cover ordinary market loss when securities can fall in value.

Have you ever wondered what would happen to your stocks if something ever happened to Stockpile? Has it been a deterrent in getting started?

Investing your hard-earned dollars can be scary, man!  That’s why Stockpile is a paying member of SIPC. (Hint: Pronounced like sip-ick, say it at a party at people will think you’re really smart). It’s basically insurance for your stocks in case anything should ever happen to us here at Stockpile. The same way you pay for your car insurance in case there is an accident, we pay for your investment insurance.

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What is an Exchange?

Cheat Sheet:

  • An exchange is a marketplace.
  • The main goal is to maintain an orderly & regulated market.
  • When a company goes public, it means they are listed on an exchange.

Congratulations, you took a big step in investing and bought your very first stock! Now the question remains, where is that stock traded? You may have heard of the New York Stock Exchange or seen someone ring “the closing bell,” but you never really understood what that meant. Today, let us dive deep into exchanges.

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What is a custodial account?

Cheat Sheet:

  • Owned by a minor but managed by an adult called the “custodian”
  •  The custodian does not have to be a parent
  • You can’t take back the gift after you give it to the minor

Have you ever seen a 10-year-old boy telling his financial advisor to buy 10 shares of Apple? Or a 13-year-old girl placing an order to sell half her Tesla stock? Of course not, but that doesn’t mean kids and teens can’t own stock. They can – thanks to a special account known as an UTMA or custodial account.

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What is an ETF?

  • Tracks an index
  • Lower costs than traditional mutual funds
  • Powerful diversification tool

So you think you have a good grasp on the stock market. You know what a stock is, how a trade is made, and even what IPO stands for.. Let’s increase your financial swagger and explore ETFs.

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What is stock?

Cheat Sheet:

    • Stock is ownership in a company.
    • Stock is sold in units called shares.
    • A person who owns stock is called a stockholder or shareholder.

When you own stock, you own a small piece of a company. Stock comes in units that are called shares. A person who owns shares of stock is called a stockholder or a shareholder. Companies are typically divided into millions, tens of millions, or even billions of shares. For example, Facebook (FB) is divided up into 2.35 billion shares.

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Why own stock?

Cheat Sheet:

  • To own a piece of a company you believe in
  • To make money

When you own stock, you own a piece of the company. This means you own a share of the company’s profits and assets. It also means you have a special relationship with the company that other people don’t have. You even have a say in how it’s run because you can vote, attend shareholder meetings, and more.

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