What is Public.com?
Public.com is a new investment app that claims to democratize the stock market by making investing accessible to everyone. This app allows users to invest in thousands of stocks, ETFs, and IPOs with no account minimums, no commission fees, and fractional shares. Public.com wants to make investing more accessible and inclusive, especially for millennials and minorities who have traditionally been left out of the stock market.
How does it work?
When you sign up for Public.com, you'll get a free share of stock worth up to $50. You can start trading with as little as $1, and there are no account minimums or commission fees. Public.com also offers fractional shares, meaning you can buy a fraction of a share of any stock or ETF. This allows investors with smaller budgets to own a piece of the companies they believe in.
The company's app is easy to use and navigate. It provides investors with news, research, and educational content to help them make informed decisions. Investors can engage with other users, follow other investors with good track records, and share their portfolios on social media.
The Pros of Public.com
- No account minimums or commission fees, making it accessible to all investors
- Offers fractional shares for investors with smaller budgets
- Easy-to-use app with news, research, and educational content
- Promotes financial literacy and inclusion with social engagement
- Option to trade during extended hours
The Cons of Public.com
- Doesn't support all securities, such as mutual funds and bonds
- Limited charting and technical analysis tools for experienced traders
- Slow execution and order processing compared to other brokerages
Conclusion
Public.com is an excellent choice for beginner investors or anyone looking to enter the stock market without breaking the bank. The app's user-friendly interface, educational content, and social engagement feature make it an excellent option for investors looking to grow their wealth over time. However, experienced traders may find the lack of technical analysis tools and slow execution times frustrating.
If you're looking to start investing in the stock market, Public.com is worth exploring. With its zero commission fees, fractional shares, and social engagement features, you can start investing in the companies you believe in without breaking the bank.
