Brokers who have just started out find it really tough to manage in the stock market, as the whole act can be extremely daunting. There are fees for everything, and that alone can be extremely intimidating. For those starting out, they have to face several obstacles, most of which are monetary, and many reject the idea of investment because of this. Many of us have heard that investments are what make real wealth, but what can you do in the fact of all these barriers? This is where Loyal3 comes to the rescue. To read a review about Loyal3, go to rethinkretired.com Rethink Retired.
A beginner’s best friend
Loyal3 is an online stock broker based in San Francisco that allows one to own stocks in the brand of their choice. Having started in 2013, this firm is fairly new, and yet, they have been successful in their journey so far. It is the beginner’s best friend for many reasons. In traditional investments, the barriers to entry include more than merely the trading fees. Traders end up investing thousands of dollars before they even have the chance to reap the benefits. However, this is exactly where Loyal3 differs from the traditional methods.
Beginners can easily get started with only $10. That is because, despite the price of the shares, Loyal3 offers the available companies’ fractional shares along with the IPOs. Investing in smaller quantities means that the fees would most probably go beyond the actual amount of investment. Loyal3 uses a different method, in which it makes the brands that are big and stable available to the investors, who don’t have much to invest, from the very beginning. Instead of investing in new startups, such as a coffee brand, why not buy fractional shares in more stable brands, like Starbucks?
How Loyal3 works
Since they offer fractional stocks to their consumers, they don’t trade like traditional stock brokers. The best part about this is that anyone can now own a part of their favorite brand for as low as $10. The downside of this; however, is that for the full stock to be obtained, you will need to trade in batches, meaning that the entire combined process will only be run ones in a day.
So, for example, if you place an order in the morning to purchase McDonald’s stocks, the batch would most probably process later in the day, the afternoon, for instance. This also means that the stock prices could change dramatically from when the order was placed. Loyal3 runs a sales batch daily and 2 batches of purchases a day, once in the morning and then in the afternoon.
Loyal3 is here to make your life easy by making the trading rules simple and eradicating all the barriers to entry in the stock market. One can start investing with only $10 and own a fractional stock of their favorite brands. Not only that, you can also access the IPOs when they’re available, making it a perfect platform for beginners