Over the last 15 years, or so, all of my stock investments have been made through mutual funds managed by a couple of different asset managers who have generated varying levels of success. My approach would definitely be classified as ‘hands-off’. Until today.
When I’ve given my “Get Rich Slowly” lecture, I’ve been asked numerous times in recent years about online trading platforms that target very small investors–Robinhood, Acorn, and Webull. These firms use technology to give very small investors access to financial markets. In fact, Robinhood lets you invest as little as $1 in fractional shares of selected stocks. Because these apps didn’t exist in my stock-buying days, my answer to these questions has always been that I don’t have much experience with them. Until today.
Today, I opened a $125 account with Webull so that I can better answer questions about this new trend in making stocks accessible to the smallest of investors. I chose Webull first for two reasons. The first of these reasons is that it was recommended by Youtuber Graham Stephan and the second is that they were offering two free shares of stock for setting up an account and two more for making a deposit of $100 or more.
Click here https://act.webull.com/on/N7HiHekBRsKs/wtx/inviteUs/ if you’re interested in opening an account with Webull (I’ll get 10 shares if two people open accounts with $100 or more).
Though it’s been awhile since I bought stock in any individual companies, I already have a few that I want to research. I’ll keep you posted as I progress.
So, what company did I get in my freebie? I got two shares of Southwestern Energy (SWN). It’s a natural-gas exploration company located near Houston. When Webull informed me that I’m now a SWN shareholder, the share price was $3.11. Now, they’re worth $3.86. This gives me a 3-day return of 24.1%. That would be great if I had a million shares; but, with only two, I’m ahead only $1.50.