Discovering Public App: Your Comprehensive Guide to Understanding Its Ins and Outs

Hey there! Looking into online investing apps? One you might like is Public. Easy to use, this app is great for trading and is especially beginner-friendly.

So what’s Public exactly? It’s an online trading platform with cool stuff like commission-free trading, and it’s packed with many features that are great for traders of all levels. Curious to know more? Let’s dive into the details.

Public started in 2019 with its headquarters in New York. As a financial services company, it offers a platform for investing through mobile and web. The platform’s a hub for brokerage accounts running under a regulated broker dealer. That means the securities in your brokerage account are protected up to $500,000.

Here are some key points to consider:
– You can trade fractional shares, i.e., you can start investing even without a lot of cash.
– The platform is super user-friendly, easy to use, and beginner-friendly.
– It offers commission-free trades of stocks and ETFs.
– You can buy and sell from 27 different cryptocurrencies.
– High-yield treasury accounts are available.
– You get to connect with a supportive investment community.
– There’s a functional ‘Themes’ feature to help you find investments you might be interested in.

Public seems to be a great fit particularly for beginner investors. It’s designed to address the issues of those new to the investment game or those with low starting-up budgets. It aims to make the stock market accessible to a wider audience.

Public also has this social aspect, allowing you to connect with other Public members and see their recent activity, follow trades, and chat. You can buy fractional shares, meaning you can purchase parts of shares in big-name brands which may be out of reach due to their high cost. Public even has tools like calculators for capital gains tax or fractional shares and a news feed tailored to your interests. Plus, they offer educational resources like articles and workshops about investing and retirement.

However, there are some limitations. For example, Public only offers individual, taxable brokerage accounts. If you’re looking to open a joint account or an IRA, Public may not be for you. It’s also missing options, forex, bonds, or mutual funds. For seasoned traders, Public may lack some advanced tools like charting capabilities and stock evaluation tools.

In summary, Public is an accessible platform for new investors interested in sharing trading ideas in a social community. It’s easy to use and light on the pocket. The downside is its limited offerings and the fact that it might not meet the needs of experienced traders who’ll potentially need more comprehensive tools.

Please note, with Public or any investing app, you should always be aware that investing involves the risk of loss, including potentially losing the principal. So, it’s crucial to do your due diligence before diving in. Stay informed and invest responsibly!