Public is an app that’s here to let you buy widely available stocks with minimal hassle. Investors hate it when they can’t own shares of amazing companies because of excessive pricing. For instance, robust stocks like Amazon, Google, Berkshire Hathaway, and other popular and market-moving companies might cost too much for the average investor. So, what’s an investor to do? They can invest in mutual funds, ETFs, or index funds and track specific markets, or devise intriguing portfolios with a simple to use an application like Public.
Public is an app that lets investors purchase tiny shares of companies that they love so that they can tap affordably and flexibly. The application tweets that “it is possible to buy any stock with any amount of money. Buy and sell in real-time, using dollar amounts, not number of shares. #nobigdeal”
There’s surely substantial value in such an offering, and new investors can gain exposure, build a portfolio by investing in a way that lets them invest in the way that they want.
Public App History
It is essential to note that Public is not a new company; it used to go by Matador. The company conducted a rebrand, improved its application, and made it possible for investors to purchase stocks with minimal dollars.
Public is based in New York and was founded in 2017. The startup has raised more than $8 million through venture capital and is available exclusively on iOS for now with Android in the works.
Key Features of Public
The Public app comes with a few compelling features, let’s look at the most important ones.
These features include:
- Commission-free investing with no minimum deposits
- Investors can buy any available stock with any dollar amount
- Earn 2.5% on uninvested capital
- Social oriented community investing
Each of these points makes for a great investing experience for the public. Take, for instance, the famed Berkshire Hathaway. Instead of having to wait to buy Berkshire Hathaway (BRK.A) shares at $312,500.00 per unit, a price point that may be out of reach for a large base of investors, investors can buy up slices of one unit. Scroll to the stock within the app, slide, and purchase. Investors don’t have to worry about commissions either so they can buy and divest at will. Let’s proceed with a little caution though; investors should not day trade with this app.
Additionally, nifty features like dividend re-invest options make for a great experience. Allowing investors to learn from other investors and discuss investment strategies are compelling features that may make the app a necessary mobile addition.
The firm is regulated, SIPC insured, and viable for a wide variety of investors.
The Public application is knocking down doors and letting more people have it their way.
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