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How To Buy And Sell Stocks With Cash App Investing - YouTube
Channel: Jarrad Morrow
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in this video i'm going to show you how
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to buy and sell stocks with the brand
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new cash app investing i'm going to show
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you myself actually buying a stock so
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you'll understand the process from start
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to finish before i take you into my
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phone to go through that process i'll
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cover some of the features and rules
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that you'll need to understand before
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investing through cash app investing as
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i go through the process of buying and
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selling stocks i'll be sure to mention
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things that i like and don't like about
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this investing platform hey i'm jared
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and on this channel we talk about all
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things personal finance and investing if
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you want to get a free five dollars from
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cash app to invest then open an account
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using the link down in the description
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and use my referral code which i will
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put on the screen here and i'll also put
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it down in the description as well
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you'll receive that five dollar bonus
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when you send five dollars to someone
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through the app if you want then you're
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more than welcome to send me five
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dollars through the app then i'll send
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it right back to you so you'll get the
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five dollar bonus just make sure to
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write something in the note area so i
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know to send it back to you because if
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not then i won't know and also put my
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cash tag down in the description as well
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so you know who to send it to the great
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thing about cash app invest is that they
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don't charge you any fees for using this
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service now there might be fees
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depending on if you invest in a
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particular etf but cash app as an
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investing platform will not charge you
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any sort of fees you can start investing
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with as little as one dollar yes the
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minimum to start buying shares of
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companies like amazon apple and
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everything else is just one dollar with
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some online investing platforms you
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might need anywhere from a hundred
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dollars to even five hundred dollars but
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not with cash app i think this is great
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because it makes investing a lot more
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available to a ton more people so you
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will not hear me personally complaining
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about that at all because they let you
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start investing with as little as one
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dollar you're able to purchase
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fractional shares of everything on the
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platform this means that if there is a
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stock that you want to buy that's
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trading for 100
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and you want to invest one dollar into
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that stock then you'll be you'll be able
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to purchase one 100 of a share of that
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stock this sort of thing is becoming a
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lot more common among investing
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platforms i first heard about this way
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of stock purchasing when i started
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investing through another platform that
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i really like called m1 finance when you
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invest through cash app you are
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investing in taxable investment accounts
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they do not currently offer any sort of
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retirement accounts like a roth ira or a
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traditional ira since this is a taxable
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account you'll need to understand that
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you will pay capital gains taxes on any
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gains that you have from your
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investments when you cash them out cash
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app investing doesn't want you to do any
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kind of day trading so they've created
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some rules around buying and selling
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your stocks if you're someone who
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doesn't plan on doing this then it's not
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that big of a deal for you but you'll
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still want to understand this rule so
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you don't actually do it and get put in
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a timeout corner for 24 hours if you are
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interested in doing some day trading
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then you probably want to go with one of
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two platforms the first one is robinhood
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i'll put a link down in the description
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to open an account with robinhood if you
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if you use my link then you will get a
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free stock and i'll get a free stock as
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well or you can use weibull i'll have a
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link to open up account with them if you
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use my link with that one then you'll
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actually get a free stock when you open
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up an account and once you funded that
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account with 100 you'll get a second
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free stock i'll pull up my phone on the
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screen right now and go through the
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investing portion of cash app to show
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you how to buy stocks and some other
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things that you'll want to know about
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one thing you need to know is you have
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to have money in your cash up account to
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actually invest i don't have any money
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in here so i'm going to add some cash
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real quick i'll should add five dollars
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right there
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and now we can go i got to put in my pin
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so to invest you go to look to the
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little squiggly line section down there
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and this is actually where you can
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invest in bitcoin as well uh there's the
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bitcoin right there i personally do not
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invest in bitcoin it's not my thing i'm
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not into speculating when it comes to
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investing at this point so bitcoin is
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not something that i'm interested in
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doing but in the stock section they give
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you some pretty cool details
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the first one right here is the most
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traded monthly so these stocks were
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bought and sold more over the last 30
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days than other stocks available on cash
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app
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so there's a few of them and i'm sure
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that changes daily as the market is open
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then scrolling down a little bit more
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they have the biggest daily movers so
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these companies gained or lost the most
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value
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of any stock on cash app
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so
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there's
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some up some pure storage is down
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splunk is up i don't know what splunk is
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canopy growth is down it gives you some
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some details on that as well and they
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actually educate you a little bit on on
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the stock purchasing so down there at
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the bottom my first stock so they wrote
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a book to teach people about investing
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and it's i watched it it's it's pretty
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cool it's mostly like they say pictures
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there's some some words on there too but
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it's pretty interesting you can create a
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watch list of stocks that you want to
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keep an eye on and how you do that is
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you click the uh search glass up there
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and you type something in so we'll just
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put um
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walmart
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walmart's an easy one and there's the
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information we'll just click follow
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and what are some other ones let's put
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amazon
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amazon right there we'll click follow
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let's look at some apple as well
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there's apple and we'll follow them
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and then let's throw tesla
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on there so there's tesla follow them as
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well and as you add these to your watch
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list close by if you go to your main
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screen there is a list of of the stocks
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that you personally want to watch now
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let's take a look at some of the info
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that you can see when you pull up a
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specific stock so we'll pull up apple
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right here
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you can get the one day one week month a
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year or all to get an idea of how the
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stock is doing and if you
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tap your finger and hold it on the
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screen
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right there where the graph is you can
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actually
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go through different months in the past
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and you can see what the price per share
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was
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let's go back to
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let's look at the past year so let's see
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where it started at the beginning of the
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year so it started at about a hundred
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and you know let's go to january
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uh g oh shoot this is in days let's find
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january early january was about 145
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dollars per share and right now you can
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look and see how it's gone up it's about
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250.
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so in the past year it's up 52
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that's pretty nice they give you that
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detail right there
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and then down below you can also read a
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little bit about the company
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to understand you know what they do if
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you're not familiar with that company i
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think a lot of us know what apple does
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so this is this information is kind of
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irrelevant but then they also give you
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some details so the share price the
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company value and then also the symbol
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that's individual stocks now what about
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etfs so extreme exchange traded funds so
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like an index fund i'm gonna pull one up
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and let's look at the details of that
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because an index fund holds lots of
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different investments so let's go to et
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or eat not etf let's type in vti that's
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one vanguard total stock market etf
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so once again same idea it gives you
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the past performance the one week one
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month one year or all
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and once again you can follow it if you
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want so we'll just follow vti and it
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gives you some details about this
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specific index fund what it holds how
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much of things that it holds
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and then also the details so the share
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price and the symbol now one thing i
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don't like about this right here is an
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etf usually has some sort of expense
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ratio to purchase it a regular stock
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doesn't so i know in this case
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vti
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they charge .03 percent
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to buy so or if you hold it and in this
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case it doesn't show you that info which
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i'm not a huge fan of i wish it would
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show that kind of thing i understand why
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it's not on this on stocks like apple or
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amazon because you don't pay an expense
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ratio on those single stocks when you
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purchase them and hold them but it's
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kind of disappointing that they don't
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have that here for
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this etf all right so let's go ahead and
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buy some stocks so i have five dollars
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on my cash app account and i'm actually
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going to buy the four companies that i
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have on my watch list i'm gonna get rid
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of vti for now so i need to add one more
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and i am going to add
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the first stock that i ever purchased
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years and years ago which i don't own it
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anymore i sold it which is textron
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whoops is it even on here okay so they i
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guess they're missing some stocks too
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interesting
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all right so in that case we're not
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adding texture on i gotta find something
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else
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uh let's go with target i'm not doing
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any research in these because i'm just
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gonna
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invest a dollar each just to show you
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guys how it works so go with target as
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well
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alright so i haven't done this before
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on this app so let's go ahead and see
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how it works so we'll go to tesla
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we'll go to buy and it looks like you
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can choose the amount so you can choose
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a preset amount which looks like it's
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dollar 10 20 50 and 100 or it looks like
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you can type in
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a certain amount so in this case i'm
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just gonna go with a dollar
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next
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oh i have to
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fill out this information okay because i
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haven't bought a stock before so let's
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go through this together
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employed and i'm gonna hide some of the
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things on this screen
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i'm not gonna tell you what the name of
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my employer is next confirm that you
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want to buy one dollar of tesla okay
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so it gives you
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some info of how many shares or what the
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approximate share price is
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the approximate shares you're gonna buy
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with one dollar which that's the amount
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there's no fees of course like we talked
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about and it looks like we're going to
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schedule it because i'm making this
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video on a sunday so i'm sure first
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thing monday it's going to trade and i
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don't believe there's any trading
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windows
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when it comes to cash app invest i'll
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have to look and if there is then i'll
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put it on the screen if not then just
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assume that it's not that there's not so
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you can essentially
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buy and sell stocks throughout the day
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schedule it will be placed tomorrow at 9
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30. so monday morning at 9 30 when the
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market opens that's when it's going to
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purchase it so let's go ahead and buy
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more because i'm kind of curious when i
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go to buy some of these other stocks if
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it's gonna
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ask me those certain questions like are
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you employed and things like that
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which i'm hoping it doesn't because i
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did that once hopefully it saved that
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information
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so we'll go to buy one dollar okay so
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didn't take me through those questions
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again so we'll schedule that and we'll
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go ahead and buy the rest of these i
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placed those orders but i don't see
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anywhere i can cancel them if i decide
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that i don't want to place these orders
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for stocks but it looks like you can if
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you hit the little clock looking thing
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there at the bottom right you can cancel
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it so i decided i want to cancel walmart
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and i decided that i want to cancel
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target
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target because you know what i want to
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do i want to buy a different stock if
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you think somebody else could find value
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in this video please make sure to share
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it with them let me give you some
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thoughts that i have so far it is not
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the best investing platform that i've
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seen out there but i would say it's a
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start now i would imagine that the
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investing side of things is going to get
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more refined as time goes on so think of
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this almost like a version one that will
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most likely be improved as time goes on
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so i'm not too concerned with this
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initial rollout of cash app invest
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another thing to keep in mind is that
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you'll need to do some research outside
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of the app to decide what you want to
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buy because the information in here
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right now is very limited and i'm almost
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comparing it to like a robin hood robin
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hood you get a lot of information on
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specific stocks and etfs when you go
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into that investment platform and you
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kind of look through it you get a lot of
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details which i think you really want if
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you're going to be a serious investor
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right now i see cash app investing as a
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beginner's way to start investing in the
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stock market and get used to investing
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because i think everyone needs to start
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investing more money and understand what
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they're doing so i think this is a nice
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starting point for beginning investors
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make sure to hulk smash that thumbs up
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button and check out the description for
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more playlists and resources to help you
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out with all of your personal finance
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and investing needs i'll see in the next
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one friends adios
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