Is Public the Best Free Investing App for Beginners?

TL;DR

Public is a commission-free investing app designed for beginners that integrates social networking features, allowing users to follow friends and share investment activities. It offers investment themes and fractional shares but lacks advanced research tools and retirement accounts. This app is best for those interested in a simple, social approach to investing.

Transcript

• So in this video today, we're going to be looking at a commission-free brokerage platform known as Public which is essentially on a mission to make investing social. The best way I can describe this brokerage, is it's like a hybrid between a social media platform and a brokerage where you can follow your friends, your friends can follow you and e... Read More

Key Insights

• 😀 Public is a commission-free brokerage app that emphasizes the social aspect of investing.
• 🥶 The platform offers investment themes, allowing users to invest in portfolios of stocks and ETFs for free.
• 👀 Public's ticker time machine tool enables users to look back on their investments and assess their decisions.
• 😀 The app provides fractional shares, allowing users to invest in expensive stocks without buying a whole share.
• 👤 Public's social media-like features enable users to follow and share investment activity with others.
• 👨‍🔬 The platform does not offer retirement accounts or advanced research tools.
• 💐 With over 5,000 stocks and ETFs to choose from, Public caters to both passive and active investors.

Questions & Answers

Q: What makes Public different from other brokerages?

Public stands out with its social aspect, allowing users to follow their friends and share their investment activity publicly.

Q: What types of accounts does Public offer?

Currently, Public only offers taxable individual brokerage accounts and does not provide retirement accounts.

Q: Does Public offer advanced research tools and charting features?

No, Public focuses on simplicity and does not provide extensive research tools or advanced charting features.

Q: How many stocks and ETFs are available on Public?

Public offers over 5,000 different stocks and ETFs to choose from, providing options for both passive and active investors.

Summary & Key Takeaways

• Public is a commission-free brokerage platform that aims to make investing social, allowing users to follow their friends and see each other's investment activity.

• The platform offers features like investment themes, which are portfolios of stocks and ETFs that users can invest in for free.

• Public also provides a ticker time machine tool that allows users to look back on their investments and see how much money they would have made if they didn't touch them.