We all know that investing in stocks is one of the best ways to build wealth. But what if you have very little money to invest in the stock market? But little did you know that there are actually legit investment companies that are giving away free stocks. You can take advantage of these free stocks to get started.
To get free stocks, you just need to sign up to these investment companies. Once you create a brokerage account, they will give you your free stocks. Some of these investment companies have no maintenance fees and no account minimums, making buying and trading stocks much attainable.
Here are 3 investment companies that offer free stocks.
1. M1 Finance: free stock value $10.
Of all the companies that offer free stocks, M1 Finance ranks pretty high. The main reason is simply because there is zero management or maintenance fee. This is big advantage as maintenance fees can eat your investment if you have very little to invest.
Another big advantage is their low account minimum . M1 Finance requires only a low $100 account minimum.
So how do you get your free stock: to get your free stock. i.e., your $10, you need to refer a friend or family member. They will then use that referral link and fund their account with that $100 account minimum.
2. Acorns: free stock value: $5.
Acorns is an investing app that allows you to invest in ETFs at low to no cost. It will round up your purchases and invest the spare change into the stock market for you. The app is $1 a month, and you’ll get a $5 bonus when you sign up.
That means if you spend $5.55 at the grocery store, 45 cents get dropped into your Acorns account. And Acorns invests it for you. The idea is that you will not miss this spare change and because the investment is automatic, it adds up fast.
While Acorns is not ideal if you’re saving for retirement, it’s a very good option for people to start saving and investing.
Plus, Acorns will give you a $5 bonus just for signing up.
So, if you feel like you don’t have enough money to invest, your options are not limited.
Download the free app now. Once downloaded, you will pick your investment portfolio based on your age, income level and goals. Acorns will take care of the rest for you.
3. Stash: free stock value: $5
Stash lets you start with as little as $5 investment. It takes two minutes to sign up, plus Stash will give you a $5 sign-up bonus.