- In this video, I'm gonna show you how to buy
and sell stocks with the brand new Cash App Investing.
I'm gonna show you myself actually buying a stock
so you'll understand the process from start to finish.
Before I take you into my phone to go through that process,
I'll cover some of the features and rules
that you'll need to understand before investing
through Cash App Investing.
As I go through the process of buying and selling stocks,
I'll be sure to mentions things that I like and don't like
about this investing platform.
Hey, I'm Jarrad and on this channel
we talk about all things personal finance and investing.
If you want to get a free five dollars
from Cash App to invest, then open an account
using the link down in the description
and use my referral code, which I will put on the screen
here, and I'll also put it down in the description as well.
You'll receive that five dollar bonus
when you send five dollars to someone through the app.
If you want, then you're more than welcome
to send me five dollars through the app
then I'll send it right back to you
so you'll get the five dollar bonus.
Just make sure to write something in the note area
so I know to send it back to you
because if not then I won't know.
And I'll also put my cash tag down in the description
as well so you'll know who to send it to.
The great thing about Cash App Invest is that
they don't charge you any fees for using this service.
Now there might be fees depending on if you invest
in a particular ETF but Cash App as an investing platform
will not charge you any sort of fees.
You can start investing with as little as one dollar.
Yes, the minimum to start buying shares
of companies like Amazon, Apple, and everything else
is just one dollar.
With some online investing platforms,
you might need anywhere from $100 to even $500
but not with Cash App.
I think this is great because it makes investing
a lot more available to a ton more people.
So you will not hear me personally
complaining about that at all.
Because they let you start investing
with as little as one dollar,
you're able to purchase fractional shares
of everything on the platform.
This means that if there is a stock that you want to buy
that's trading for $100 and you want to invest one dollar
into that stock, then you'll be able to purchase 1/100th
of a share of that stock.
This sort of thing is becoming a lot more common
among investing platforms.
I first heard about this way of stock purchasing
when I started investing through another platform
that I really like called M1 Finance.
When you invest through Cash App,
you are investing in taxable investment accounts.
They do not currently offer any sort of retirement accounts
like a Roth IRA or a traditional IRA.
Since this is a taxable account,
you'll need to understand that you will
pay capital gains taxes on any gains
that you have from your investments when you cash them out.
Cash App Investing doesn't want you to do
any kind of day trading.
So they've created some rules around
buying and selling your stocks.
If you are someone who doesn't plan on doing this
then it's not that big of a deal for you
but you'll still want to understand this rule
so you don't actually do it and get put in the
time out corner for 24 hours.
If you are interested in doing some day trading
then you probably want to go with one of two platforms.
The first one is Robinhood.
I'll put a link down in the description
to open an account with Robinhood.
If you use my link then you will get a free stock
and I'll get a free stock as well.
Or you can use Webull.
I'll have a link to open an account with them.
If you use my link with that one
then you will actually get a free stock
when you open up an account.
And once you fund that account with $100,
you'll get a second free stock.
I'll pull up my phone on the screen right now
and go through the investing portion of Cash App
to show you how to buy stocks
and some other things that you'll wanna know about.
One thing you need to know is you have to have money
in your Cash App account to actually invest.
I don't have any money in here
so I'm gonna add some cash real quick.
I'll just add five dollars right there.
And now we can go.
I gotta put in my pin.
So, to invest, you go to the little squiggly line section
down there, and this is actually where you can invest
in bitcoin as well.
There's the bitcoin right there.
I personally do not invest in bitcoin.
It's not my thing.
I'm not into speculating when it comes to
investing at this point so bitcoin is not something
that I'm interested in doing.
But in the stock section,
they give you some pretty cool details.
The first one right here is the most traded monthly.
So these stocks were bought and sold more
over the last 30 days than other stocks available
on Cash App.
So there's a few of 'em.
And I'm sure that changes daily as the market is open.
Then scrolling down a little bit more
they have the biggest daily movers.
So these companies gained or lost the most value
of any stock on Cash App.
So there's some ups.
Pure Storage is down.
Splunk is up.
I don't know what Splunk is.
Canopy Growth is down.
It gives you some details on that as well.
And they actually educate you a little bit
on the stock purchasing.
So down there at the bottom, My First Stock.
So they wrote a book to teach people about investing
and it's, I watched it.
It's pretty cool.
It's mostly, like they say, pictures.
There's some words on there too but.
It's pretty interesting.
You can create a watch list of stocks
that you want to keep an eye on.
And how you do that is you click the search glass up there
and you type something in.
So we'll just put Walmart.
Walmart's an easy one.
There's the information.
We'll click follow.
What are some other ones?
Let's put Amazon.
Amazon right there, we'll click follow.
Let's look at some Apple as well.
There's Apple and we'll follow them.
And then let's throw Tesla on there.
So there's Tesla, we'll follow them as well.
And as you add these to your watch list...
We'll close back.
If you go to your main screen,
there is a list of the stocks
that you personally wanna watch.
Now let's take a look at some of the info
that you can see when you pull up specific stocks.
We'll pull up Apple right here.
You can get the one day, one week, month, a year, or all
to get an idea of how the stock is doing.
And if you tap your finger and hold it on the screen,
right there where the graph is,
you can actually go through different months in the past
and you can see what the price per share was.
Let's go back to...
Let's look at the past year.
So let's see where it started at the beginning of the year.
So it started at about $100.
No, let's go to January.
Oh, shoot, this isn't days.
Let's find January.
Early January was about $145 per share
and right now you can look and see how it's gone up.
It's about 250.
So, in the past year, it's up 52%.
That's pretty nice that they give you
that detail right there.
And then, down below, you can also read a little bit
about the company to understand what they do
if you are not familiar with that company.
I think a lot of us know what Apple does
so this information is kind of irrelevant
but then they also give you some details.
So the share price, the company value,
and then also the symbol.
That's individual stocks.
Now what about ETFs?
So exchange-traded funds.
So like an index fund.
I'm gonna pull one up.
Let's look at the details of that
because an index fund holds lots of different investments.
So let's go to ET, or, not ETF.
Let's type in VTI, that's one.
Vanguard Total Stock Market ETF.
So, once again, same idea.
It gives you the past performance.
The one week, one month, one year, or all.
And, once again, you can follow it if you want.
So we'll just follow VTI.
And it gives you some details
about this specific index fund.
What it holds, how much of things that it holds,
and then also the details.
So the share price and the symbol.
Now, one thing I don't like about this right here
is an ETF usually has some sort of expense ratio
to purchase it.
A regular stock doesn't.
So I know in this case VTI, they charge 0.03% to buy,
if you hold it.
And, in this case, it doesn't show you that info,
which I'm not a huge fan of.
I wish they would show that kind of thing.
I understand why it's not on stocks like Apple or Amazon
because you don't pay an expense ratio
on those single stocks when you purchase them and hold 'em
but it's kind of disappointing
that they don't have that here for this ETF.
All right, so let's go ahead and buy some stocks.
So I have five dollars in my Cash App account
and I'm actually going to buy the four companies
that I have on my watch list.
I'm gonna get rid of VTI for now.
So I need to add one more, and I am going to add
the first stock that I ever purchased years and years ago,
which I don't own anymore it, I sold it.
Which is Textron.
Whoops, is it even on here?
Okay, so they...
I guess they're missing some stocks too.
Interesting.
All right, so in that case we're not adding Textron.
I gotta find something else.
Let's go with Target.
I'm not doing any research in these
'cause I'm just gonna invest a dollar each
just to show you guys how it works.
So go with Target as well.
All right, so I haven't done this before on this app
so let's go ahead and see how it works.
So we'll go to Tesla, we'll got to buy,
and it looks like you can choose the amount.
You can choose a preset amount,
which looks like it's a dollar, 10, 20, 50, and 100.
Or it looks like you can type in a certain amount.
So, in this case, I'm just gonna go with a dollar.
Next.
Oh, I have to fill out this information.
Okay, because I haven't bought a stock before.
So let's go through this together.
Employed.
And I'm gonna hide some of the things on this screen.
I'm not gonna tell you what the name of my employer is.
Next, confirm that you wanna buy one dollar of Tesla.
Okay.
So it gives you some info
of how any shares or what the approximate share price is,
the approximate shares you're gonna buy with one dollar,
which that's the amount.
There's no fees, of course, like we talked about.
And it looks like we're gonna schedule it
because I'm making this video on a Sunday.
So I'm sure first thing Monday it's going to trade.
And I don't believe there's any trading windows
when it comes to Cash App Invest.
I'll have to look, and if there is
then I'll put it on the screen.
If not, then just assume that it's not.
That there's not.
So you can essentially buy and sell stocks
throughout the day.
Schedule it.
It will be placed tomorrow at 9:30.
So Monday morning at 9:30 when the market opens,
that's when it's gonna purchase it.
So let's go ahead and buy more
'cause I'm kinda curious when I go to buy
some of these other stocks if it's gonna ask me
those certain questions like are you employed
and things like that.
Which I'm hoping it doesn't because I already did that once.
Hopefully it saved that information.
So we'll go to buy, one dollar.
Oh, okay, so it didn't take me
through those questions again.
So we'll schedule that.
We'll go ahead and buy the rest of these.
I placed those orders but I don't see anywhere
I can cancel them if I decide that I don't want
to place these orders for stocks.
But it looks like you can if you
hit the little clock-looking thing there
at the bottom right.
You can cancel it.
So I decided I wanna cancel Walmart.
And I decided that I wanna cancel Target.
Tar-zhay.
'Cause you know what I wanna do?
I wanna buy a different stock.
If you think somebody else could find value in this video,
please make sure to share it with them.
Let me give you some thoughts that I have so far.
It is not the best investing platform
that I've seen out there but I would say it's a start.
Now, I would imagine that the investing side of things
is going to get more refined as time goes on
so think of this almost like a version one
that will most likely be improved as time goes on.
So I'm not too concerned with this initial rollout
of Cash App Invest.
Another thing to keep in mind is that
you'll need to do some research outside of the app
to decide what you wanna buy
because the information in here right now was very limited
and I'm almost comparing it to like a Robinhood.
Robinhood, you get a lot of information
on specific stocks and ETFs when you go into
that investment platform, and you kind of look through it.
You get a lot of details which I think you really want
if you're gonna be a serious investor.
Right now, I see Cash App Investing as a beginner's way
to start investing in the stock market
and get used to investing.
Because I think everyone needs to start investing more money
and understand what they're doing.
So I think this is a nice starting point
for beginning investors.
Make sure to hulk smash that thumbs up button,
and check out the description for more playlists
and resources to help you out
with all of your personal finance and investing needs.
I'll see you in the next one.
Friends, adios.