At Stockpile, you can invest in stocks the day they go public. These trades are the same as any other stock purchase. Your order will go through at the end of the trading day, and you will receive the end-of-day market price.
Am I participating in the IPO?
Please keep in mind that any trade made with Stockpile on the day of an IPO is not a private placement. You’re not participating in the IPO and will not receive the IPO price, which is restricted mostly to insiders. But you can purchase fractional shares of a stock the same day it goes public, regardless of the share price.
When Will My Trade Execute?
Your trade will go through at the close of the market, at whatever the closing price is. The price you receive may be higher or lower than the IPO price. You will see the stock actively trading in your account when the market opens the next business day. Newly public stocks are often more volatile than mature stocks so your new stock may go up and down more than you’re used to seeing.
Canceling a Trade
If you paid for your trade with cash in your account and aren’t happy with the direction the stock price is heading, you can cancel your order before 3 pm ET. Credit/debit/PayPal purchases are non-refundable — if you cancel before 3 pm, you’ll receive a credit you can apply to a different stock. You’ll find the credit in the Gift Card section of your account.
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.
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.
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.
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.