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PUBLIC REVIEW 2022: Best Free Investing App? - YouTube
Channel: unknown
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- So in this video today,
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we're going to be looking
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at a commission-free brokerage
platform known as Public
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which is essentially on a
mission to make investing social.
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The best way I can
describe this brokerage,
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is it's like a hybrid between
a social media platform
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and a brokerage where you
can follow your friends,
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your friends can follow you
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and everybody can see each
other's investment activity,
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that way you can keep up with your friends
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and what they are investing in.
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Beyond that, it is $0
commission with $0 minimums
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and they do offer fractional shares
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as well as some other great features
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which may make them a good fit for you.
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So we're gonna go ahead
and review them today
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and I'm also going to be doing a live demo
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of this app at the end of the video
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to show you exactly what it looks like.
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Also, Public has made an exclusive offer
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for viewers of my channel.
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If you use my affiliate link down below,
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you're going to get a free $10 slice
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of a stock of your choosing
and you get to choose
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from one of nine popular blue-chip stocks.
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So if you like what Public has to offer
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and you wanna get 10 bucks
worth of a free stock,
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that's gonna be the top link down below
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and for transparency,
I may earn a commission
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in the process if you do
decide to use that link.
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But that being said guys,
let's jump into the review now
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and talk about what Public has to offer.
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So Public is a commission-free trading app
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with no fees for standard trading
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which is pretty common these days
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with other investing apps out there
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that have largely done
away with commissions.
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But again, the big difference
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between Public and other brokerages
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is the social aspect
of this investing app.
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Now currently, the only
type of account they offer
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is a taxable individual brokerage account
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so at this time they do not
offer retirement accounts
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or anything fancy like that.
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In addition, you're
not gonna find a lot of
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fancy research tools or advanced charting,
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it is a relatively basic app.
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However, that was the goal
that Public had in mind
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when creating this app,
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is to make it as simple as
possible for complete beginners
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while integrating that social aspect
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of sharing your investments
with other people.
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So now let's talk about the
different features available
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through Public and one of the coolest ones
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that they offer is something
called investment themes
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which are essentially portfolios of stocks
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and ETFs that are completely
free to invest in.
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Now I looked on their website
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and they had over a dozen different themes
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but I picked a couple
here for example sake.
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First of all, we have Future Ed
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which is essentially 25 stocks
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related to digital at-home learning.
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Another one they had here
was called Stay at Home
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which was 41 stocks and six ETFs
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that are poised to benefit
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from the new stay-at-home
culture related to this pandemic.
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And another one they have here
is the Meatless Revolution
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that requires no real explanation.
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That's 12 different stocks
involved in the meatless trend.
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Now another cool feature they offer
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which is 100% free to use
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is called the ticker time machine.
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I tried this out the other day,
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essentially it allows you to put in
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a given investment and a given date
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and it shows you how much
money you would have made
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if you just put your money
in there and didn't touch it,
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that's a really cool tool
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if you're looking to
look back on investments
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that you've sold and determine
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if you made a good
decision or a bad decision.
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That's completely free for all users,
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you don't even need to have
a brokerage account with them
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if you wanna try that out.
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Now in addition, they also
offer fractional shares
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which means you don't have
to buy an entire share
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of companies that trade at high prices
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such as Tesla or Amazon for example,
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by default it is $25 increments
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that you're able to purchase shares in
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but you can actually buy any
amount of the stocks and ETFs
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that are supported with
this fractional investing.
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As far as stocks and ETFs go,
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there's over 5,000 different
ones to choose from
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so there are a lot
stocks and ETFs available
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as well as these investment themes
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so you have options for
both the passive investor
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and the active investor.
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Now as far as the social
side of the app goes,
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you're able to share your
investment activity publicly
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if you want to and you can also
leave comments and feedback
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about why you bought or
sold a given investment.
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So now let's jump into my phone
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and I'm gonna give you a live demo
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of the Public brokerage app
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so you can see for yourself
what this app has to offer.
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All right guys, so here we
are inside of the Public app
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and as you can see right off the bat
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it gives you notifications about
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what is going on with your portfolio.
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So I put a $100 in here to test this out
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and in a minute we're
going to buy $25 of a stock
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just to show you guys
what this can do here.
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So I have a notification up top,
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my portfolio was down 0.54% today,
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I've lost 58 cents just based
on some market fluctuation
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and in my portfolio I own,
AMD, Apple, Google and Amazon.
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And so right here on the main feed,
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you have the social platform
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where people are able to
share different thoughts
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and again, like I said, it's
just a really cool hybrid
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between a brokerage and
a social media platform
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and it seems like this
could really be something
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that takes off if more people
adopt to using this platform
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and sharing their investment activity.
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And just like with other
social media platforms,
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you can choose people to follow.
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So for example, this guy
right here, 4,087 followers
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if I wanna follow what he is doing,
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I simply click follow
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and I can see what he decides to share
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in terms of his portfolio
and his investment activity.
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So right here, we can see
that this guy Scott Galloway
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has a portfolio of Apple, Amazon
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and a company called Lemonade.
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And just like with other
social media platforms,
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you can comment on different
investment activity
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and see what other people are doing
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and gain feedback from other investors.
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Now as mentioned earlier,
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there are dozens of
different investment themes
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that you may decide to invest in
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if you don't wanna pick and
choose individual stocks.
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So for example, let's go
ahead and pick Green Power
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and it's gonna tell you
about what the holdings are
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and what this is designed to do.
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You can also send your friends
messages within this app
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and you can also form group chats
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if you wanna start an
online stock community
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right within your brokerage account.
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So at this point in time,
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I'm gonna go ahead and purchase a stock
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and I'm gonna buy a fractional share,
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that way I don't have
to buy an entire share
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of stocks that are very expensive.
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So it's gonna be a stock
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that I own in one of my other portfolios,
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we're gonna buy some shares of Lowe's.
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So as you can see looking at this,
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it currently trades at $167 per share
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but thanks to the fractional shares,
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I don't have to buy one entire share.
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So if I go ahead and click the Buy button,
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you will see the options I have available.
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I have $25 and 2 cents in buying power
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so I'm gonna hit $25
and I'm going to invest
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or if I wanted to do a different amount,
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I could literally do $1 and
put that into Lowe's stock.
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But in this case, we're
gonna go ahead and do $25,
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I'm gonna click Invest and just like that,
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I'm gonna confirm
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and I now own a fractional
share of Lowe's.
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And this is where you can share
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why you are investing in that stock
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so I'm going to say the global pandemic
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is causing more people
to do home improvement.
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So now I click Post and that's
going to show up on my feed
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for other people who follow
me to be able to see this.
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All right guys, so in a nutshell,
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Public was designed to
make investing as simple
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and as social as possible
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and it's kind of like a hybrid
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between Robinhood's
commission-free trading
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and a social media platform in one.
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Like I said, they have
that exclusive offer
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if you wanna grab 10 bucks
worth of a free stock,
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that's gonna be the top link
down in the description below
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if you think this is a good fit for you.
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If you are looking for an
advanced trading platform
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with a lot of research tools
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or if you're looking
for retirement accounts
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and things like that,
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this is probably not going
to be the fit for you.
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But if you're just getting started
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and the social aspect
is interesting to you,
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you may decide this is a good platform.
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But anyways guys, that's
gonna wrap up this video.
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Thanks so much for watching,
I hope you enjoyed it.
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If you did, please drop a like
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and subscribe to be notified
of any future uploads
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and I hope to see you in the next video.
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