Is Public a good investing app?

Is Public a good investing app? This question may come to mind for those looking to start their investing journey or switch to a new platform. Public is a social investing app that aims to make investing more accessible and engaging for users. With features like fractional investing, a social feed, and no commission fees, Public certainly has its appeal. However, before deciding whether Public is the right investing app for you, it’s important to consider its benefits and drawbacks.

One of the key advantages of Public is its focus on fractional investing. This means that users can buy fractions of shares in companies, allowing them to invest with smaller amounts of money. In addition, Public has no commission fees, making it a cost-effective option for those looking to start investing without the barrier of high fees. The social feed feature also sets Public apart, as it allows users to see what other investors are buying and selling, providing a sense of community and collaboration.

On the other hand, one drawback of Public is its limited trading hours. Unlike some other investing apps that offer extended trading hours, Public only allows users to trade during regular market hours. This may be a disadvantage for those looking to make trades outside of these hours. Additionally, Public’s selection of available investments is more limited compared to other platforms.

Ultimately, whether Public is a good investing app for you will depend on your individual investing goals and preferences. If you are looking for a user-friendly platform with social features and fractional investing options, Public may be worth considering. However, if you prioritize a wider selection of investments and extended trading hours, you may want to explore other options.

FAQs about Public investing app:

1. How does Public make money if it has no commission fees?

Public makes money through order flow payments, similar to other commission-free trading platforms.

2. Is my money safe on Public?

Public is a member of the Securities Investor Protection Corporation (SIPC), which protects investments up to $500,000.

3. Can I invest in cryptocurrencies on Public?

No, Public currently does not offer the option to invest in cryptocurrencies.

4. Are there any account minimums on Public?

There are no minimum account balances required to start investing on Public.

5. How does fractional investing work on Public?

Fractional investing on Public allows users to buy and own a portion of a share in a company, making it easier to invest with smaller amounts of money.

6. Can I set up automatic investments on Public?

Yes, Public offers the option to set up automatic investments on a recurring basis.

7. Does Public offer retirement accounts?

Public currently does not offer retirement accounts like IRAs or 401(k)s.

8. Are there any fees for using Public?

Aside from the option to upgrade to a premium membership for additional features, there are no fees for using Public.

9. How does the social feed feature work on Public?

The social feed on Public allows users to see what stocks other investors are buying and selling, as well as engage in discussions about investments.

10. Can I use Public on my mobile device?

Yes, Public has a mobile app available for both iOS and Android devices for on-the-go investing.

11. How does Public compare to other investing apps like Robinhood?

Public offers a social investing experience with a focus on community, while Robinhood is known for its sleek user interface and extended trading hours.

12. Is Public regulated by any governing bodies?

Public is a registered broker-dealer with the Financial Industry Regulatory Authority (FINRA) and is regulated by the Securities and Exchange Commission (SEC).

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