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Dan Malone

👤 Speaker
488 total appearances

Appearances Over Time

Podcast Appearances

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

What's the difference?

Better With Money
“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?

Better With Money
“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?

Better With Money
“99.9% of people shouldn’t be picking stocks’ - A beginner’s guide to investment apps in Ireland

And it can be quite overwhelming.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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

Better With Money
“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.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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.

Better With Money
“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

Better With Money
“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.

Better With Money
“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.

Better With Money
“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,

Better With Money
“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.