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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
What's the difference?
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
Is there anything I should be looking out for?
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
Is one more suitable to one type of investor versus another?
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
And it can be quite overwhelming.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
Like, yeah, like a lot of these firms, they would be targeting, quote unquote, the average investor.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
And that's especially true for a lot of the platforms who allow you to invest with really small amounts.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
That's kind of a recent innovation that wasn't always possible.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
And a lot of the investing platforms still actually don't let you invest with
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
as little as one euro is the marketing term that they like to use.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
You know, trade in 212 is a good example of that.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
Trade Republic is also a good example of that.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
They let you do the one euro thing.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
They let you invest with as little as one euro.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
And the reason why that's interesting is because, you know, you could, let's just take Microsoft stock.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
I'm not sure what the exact quote of Microsoft stock is today, but I would imagine it's in the region of a couple of hundred dollars, maybe like $400 or so.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
So historically, if you wanted to buy
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
or invest in Microsoft, you would have to have enough money to buy at least one share, which could be, you know, $400, whatever it is.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
Nowadays, though, through the advent of what's called fractional share investing, you can come along and you can invest a quid in a lot of these companies.
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
Now, sometimes it's not worthwhile actually doing that, simply because a lot of the investing platforms may have a minimum fee, like,
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“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland
let's say a euro or two euro to invest anyway.