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Charles Schwab Releases Stock Slices | Fractional Shares | First LOOK! - YouTube
Channel: Hidden Freedom
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everybody Dave here in freedom of escena
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today we're talk about Charles Schwab
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highly-anticipated fractional share
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implementation everybody's pretty much
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been waiting or at least been talking
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about the Charles Schwab or a fractional
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share so it looks like it got released
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today in today is June 2nd 2020 no I
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think it's a little head of schedule
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actually I think they said July or June
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9th excuse me and I noticed today when I
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was buying some stuff my dividend
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portfolios that it was available on the
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Android app and I went ahead and logged
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in to the Charles Schwab website and it
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is available there as well so let's go
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ahead and take a look at the
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implementation for fractional shares of
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Charles Schwab so we're logged into the
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Charles Schwab website here and if we're
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gonna you know use that particular
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feature or we would go to trade and then
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you kind of notice this new link there
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Charles Schwab stock slices and then 2tn
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because it's their own named stock
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slices I don't think anybody else calls
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it that and one might call something
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slices but it's not stock slices I don't
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believe but so we're gonna go ahead and
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click on that this is the page it brings
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you two here yeah it's kind of a cool
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little display it's new so we have all
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the sectors there for the sp500 if
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you're not if you don't know about their
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implementation its SP 500 stocks only so
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that's 505 stocks and it's a little bit
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different than a lot of other fractional
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share systems where you just pretty much
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buy any stock fractional share but this
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is their implementation of it in most
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cases this should be OK for just about
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everybody you know I don't know of any
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real small companies that are outside of
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this be 500 that you'd want to buy
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anyway so but you can't buy you know
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just flat out so the only one that
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really comes to mind that might you know
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make people upset here is probably Tesla
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there is no Tesla in here so let's just
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take a look yeah there's no Tesla so
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sorry Tesla folks you probably just have
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to wait another quarter to before they
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get out to the S&P 500 and then you will
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have ax
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- fractional shares for that otherwise
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you have to stick to another broker so
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let's go ahead and add a couple of
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stocks and see how the system works so
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let's go ahead and like Google in there
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and that's a pretty big one right so we
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only have five hundred bucks so let's go
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ahead and just you know select that one
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and let's go ahead and input Amazon in
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there cuz that's another good one right
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$2,400 a share yeah we only have 500
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bucks we can only do a little bit so
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let's go ahead and select that one as
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well
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and you notice that these get added up
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here so let's go ahead and add in say
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what's another big one like booking yeah
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there's a booking right there so booking
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is a pretty big one right there we go
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select that one and you know what's
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another one so Apple Apple's not too big
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but you know 300 bucks share so that's
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pretty big right we'll select that one
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and how about Netflix and there's
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another one just so 427 dollars a share
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so we'll select that one and let's go
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ahead and do like CMG so Chipotle chip
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it'll so we got chip it'll selected
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there thousand dollars a share can't
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believe that almost you know I bought
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that down to three hundred and sold it
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so we have one two three four five stock
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selected we can do a maximum of ten and
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they have to be $5 minimum per stock so
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that's five ten 15 20 bucks five 10 15
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20 25 dollars I don't know how to do
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math apparently so 25 bucks right there
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so let's go ahead and click continue and
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here we go so we have all the options
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here to select so it's five dollars each
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so if we wanted to do the minimum
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that'll be 25 and it will probably and
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see if it airs out if we do 20 and it
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does so it airs out you know it's
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checking their nose we have five stocks
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so we have to do 25 at minimum so and
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there's your reinvest dividends option
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there so not every one of these
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companies you know pays a dividend but I
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know Apple does and I think that's it so
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that's I would turn on dividend
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reinvestment right then and there we
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have a review page next so let's
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go to that we do have to select account
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so let's go ahead and check with that
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box will do my brokerage looks like it's
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only count that is actually set up to
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use it so so I don't know if they're
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gonna roll this out on a retirement
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account either account there is a
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retirement account it's not available so
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it could just be that there's no cash in
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that account right now and then maybe
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that's why it's not available but when I
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get cash added to that account we'll see
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if it's available to invest in
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fractional shares in that system or in
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that account too so review your
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selection alright so there we go there's
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the account number which I blanked out
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we got a stock amount there or total
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amount is $25.00 number of orders is
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five and they kind of give you this
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little check box thing you need to
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acknowledge so by selecting place place
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orders your acknowledgement and agree
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you acknowledge and agree that your
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orders will be placed as market-day only
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not held orders that means you're gonna
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be there's gonna be a market order for
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these not limit orders all right
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that makes sense you're not gonna select
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them it ain't a limit order for every
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one of the stocks you know and then
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there's have them you know Schwab
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basically sitting there trying to figure
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out oh we have to wait for this when
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it's away for that one it's like all day
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long trying to get these things to go to
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go through so there are gonna be
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processed as market orders and they're
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gonna cancel them at the end of the day
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for whatever reason if they didn't fill
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but let's go ahead and check that box
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there and kind of just review we got
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order one for a Google five and dollars
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and even tells us the estimated shares
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there that's kind of cool
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so there's order to Amazon estimation
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zero point zero zero to that five bucks
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doesn't get as much but hey this brings
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in new people new investors that don't
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have a lot of cash that are just start
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now building out their our portfolios so
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we have booking near and point zero zero
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three shares and we have another order
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here at Apple so that's point zero one
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five five shares and Apple so on that
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one has the dividend reinvestment on we
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have the last order here on Netflix
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order five and it's going to be buying
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point 0 1 1 7 shares there's the total
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down there $25 and we do a place order
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which I'm not going ahead and select at
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this time so if we wanted to change that
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let's go ahead and see what the change
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does change just brings us back to this
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page ok cool and we'll just do a review
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our selection again I'll click this
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button and we'll go ahead and just do
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cancel order at the bottom here or do
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not place so I'll do not place so that's
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a look at the stock slices from Charles
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Schwab and we're gonna look at the app
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here in a second but before we do that
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let's just see what this great option
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looks like here well that's kind of cool
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so it shows like little icons click
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that'll add button so let's just go
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ahead and click one of those and see
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what it does and ok that's it so it's
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basically I could did before it's just a
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little bit bigger icon there so the list
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option shows a little bit more but let's
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just look at financials and look at the
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list so there's all the stocks in the
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financial sectors for pages of those so
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so let's go ahead and take a look at the
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Android app and see how it works in
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there but before we do that please go
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ahead and like and subscribe and go
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ahead and set that bail notification so
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we're logged into the Android app here
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this is what the Android app looks like
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I kind of think I showed it in the other
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day in another video but let's go ahead
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and see what the fractional share system
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looks like on the Android app so they
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had a banner in here earlier today and
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it looks like it's gone now I think I
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cleared out my mistake but so we're
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gonna go up to here to the hamburger bun
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with a hamburger or whatever you want to
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call it the three slashes at the top
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left there so and we noticed that we
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want to go to stock slices at the top I
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have it favorites so stock slices and
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then there's kind of an overview of the
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stock slices on the phone so an easy way
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to invest you know what Charles Schwab
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the stock slices you choose the stocks
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you want from a list and then
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amount to invest that's it select stock
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in the mouse select between one and ten
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stocks then choose an amount to invest
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starting at just $10 own part of a high
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priced stock you can own a slice
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fractional share of a high price stock
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for example if a company stock is
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trading 100 excuse me a thousand dollars
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and you're buying two hundred dollars of
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it you'll own 20% of one share so let's
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go ahead and click get started here and
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then it brings us to this page and it's
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very similar to the you know website its
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lists all the stocks there and you have
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an option to filter by the sector so
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let's just filter by energy here and
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there's the energy stocks so let's go
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ahead and click on Chevron we'll do add
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to order on that one and let's do like
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say ExxonMobil because I like Exxon
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Mobil's so there's ExxonMobil we'll do
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add to order they're shout out to mat
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money so um and let's go ahead and do
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the back button we don't want it in the
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back button back to stock slices and
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thus to see filter um let's do health
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care so now we have healthcare stocks
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here and let's go ahead and select like
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change a because J&J is should be in
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everybody's portfolio so there's J&J I
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had to order so now that with three
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stocks there at the bottom selected
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stocks is three so we will go ahead and
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scroll this up here see what those look
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like and there they are so what's this
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button over here do okay so we can
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select multiple at the same time
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interesting so let's throw that up we'll
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kick click continue and then we need to
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select the account like I said earlier
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it's only one count for me for some
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reason I think the other account is
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either because there's any money in it
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or it's because our no free cash to
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investigation say or it's that accounts
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just not available for this program I'm
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not really sure it's a retirement
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account
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so I have what I mean stock selected
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right now three so we're gonna do a
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minimum of fifteen bucks but just to see
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whether it gives us an error let's do
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let's just say five bucks and review and
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then it does tell us that we need to do
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at least five dollars per stock so that
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means a minimum of five dollars times
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three is fifteen so we'll just do twenty
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which I believe that will equally split
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out the twenty dollars across those
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three so they use selection and there we
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go let's go ahead and click this button
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here click that button and click this
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button check knowledge all those orders
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and do this one there we're gonna change
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this real quick here because I noticed
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that reinvest dividends right there is
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not checked so let's go ahead and check
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that for all three because they all pay
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three they all three pay a dividend so
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and we'll do review selection so there
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we going to select these things again
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for every one of our orders
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I already selected it so good and then
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we do a place order so but I'm not gonna
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place an order it's after market hours
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and I don't really want to buy five
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shares or five dollars of each share but
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you just wanted to see what it was gonna
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look like you notice on this particular
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stock chevron which is order one it's
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stuck in six dollars and sixty six cents
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and on order two we got six dollars and
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67 cents and then on this one six
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dollars and 67 cents so it's fitting it
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out pretty evenly and it's kind of
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random on which stock it puts the extra
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amount in according to their you know
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frequently asked questions and all that
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so so with that that's how the system
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works view any comments questions or
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concerns go ahead leave a comment below
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you know contact me on Twitter Instagram
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or Facebook go ahead and like and
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subscribe and we'll see you next video
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thanks for watching
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