Have you always wondered about investing some money but don’t want to drop hundreds of pounds into an investment fund you’re not sure about? A great way to start your investing journey is to buy individual stocks and shares. This means you can start investing with small amounts of cash. We’ve found a platform that lets you do just that! Let’s have a look at our Freetrade review.
What Is Investing?
Some people view investing as just saving your money. It’s different to a standard savings account that earns basic interest. Investing your money is trying to help you money grow, at or hopefully above the rate of inflation.
When you start investing in stocks, you can purchase a share in a Public Limited Company. This could be M&S, BT or even a tech business like Facebook. If the company performs well,, the share price will rise and you’ll then be able to (should you want to) sell your shares at a profit. Should the company have a successful financial year you could also receive a dividend payment.
Obviously you need a way to buy shares. This is where our Freetrade review starts talking about a brilliant platform, allowing you to do just that!
What Is Freetrade?
Freetrade is a platform which allows you to buy stocks and shares in a variety of different companies.
The great thing is, you don’t have to buy complete shares. Freetrade allows you to purchase part of a share, fractional shares if you will. This lets you invest in a company as and when you can. You don’t have to save up £100 for a share. Instead you can fund your share over a few months, whenever you have a spare £20.
You can invest in hundreds of companies across the London Stock Exchange, AIM, NYSE and NASDAQ. These include Apple, Tesla, Spotify, Netflix and many more!
You can even find companies that have Female CEOs, are at the forefront of Green Energy revolution or are simply newly added, including companies in healthcare, property and food.
The company have a fantastic app so you can invest on the go. Keep up to date with how your shares are growing!
Why I chose Freetrade?
I get asked this a lot, as I use Freetrade as one of the places I save and invest my money.
There are a few reasons I chose Freetrade.
At first I was attracted to the free share referral offer which I will explain below.
I love being able to buy individual stocks and shares with no fees.
However the biggest draw for me when it comes to using Freetrade is that I can buy fractional shares.
That means that if I can’t afford to buy an entire share in a company I can spend some money to buy a partial share in that company.
Get a free share worth £3 – £200
Edit: 20th January 2022: The Freetrade referral programme has now ended. If you would still like to receive a free share you can get one with Orca.
Did you know that Freetrade have an amazing referral opportunity?
When you open and fund an account with at least £1 via my link, you’ll receive a free share.
This could be worth between £3 to £200!
What to do with your free share
After you have received your free share from Freetrade you have a few options to choose from.
You could immediately sell your free share and withdraw the cash (along with your original £1 deposit) to make some instant free money.
You could immediately sell your free share to buy a share, or fractional share, of another share you are interested in. I sometimes do this to buy a partial Tesla share.
Or you could keep your free share and see how it performs, choosing to keep it indefinitely or sell it once it has made you a nice little profit.
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My Freetrade Review
The app is fantastic. It’s so easy to fund your account from your linked bank, before purchasing fractional stocks and shares at your leisure.
When you start buying, you’ll be able to click on your portfolio which will so you how your investments are growing. Detailing how much you have (hopefully!) made since you began investing. It also shows individual companies you have bought into and the amount the share price has changed by.
Searching for new stocks to buy is easy via the discover tab. You’ll see how the shares of the companies have performed previously, helping you decide who to invest in.
You can buy more in the companies you have shares with really easily, or when you fancy selling them on to get your hands on the cash, that’s so simple too.
If, after reading through our Freetrade review, you think the platform is for you, join today and fund your account for a free share!