Welcome to the guide on 5 different companies giving away free stocks and how you can take advantage of these deals.
Have you been hearing all the buzz since the start of the COVID-19 pandemic and throughout the summer around the stock market?
Perhaps some people you know have been bragging about money they have made (or lost) recently by investing in the stock market and now you would like to try to get in on the action.
Below you will learn about 5 different companies that are offering FREE STOCKS if you open an account with them and start investing!
Table of Contents
- 5 Companies Giving Away Free Stocks
- How to Get Your Free Stocks
- Free Stock from Robinhood
- Free Stock from Public
- Free Stock from Acorns
- Free Stock from Nvstr
- Free Stock from Stash
5 Companies Giving Away Free Stocks
Who will take advantage of free stocks?
Stock markets during the beginning of the spread of COVID-19 and throughout the 2020 summer are a roller-coaster ride filled with uncertain ups and downs. Many people saw the large drop in stock prices as opportunities to buy low. Many others sold out of the market to protect the value of their money from the wild ride.
No matter which side buy/sell continuum you find yourself in, there is one thing to keep in mind. The fact that in the long run history of stock markets, there is one common trend.
This trend… Is up.
The best people to take advantage of the strong long-run growth of stocks will be people with a longer investing timeline. Yes, this means the younger, tech-savvy generation.
How to Get Your Free Stocks
Each of the companies that will give away free stocks provide a simple and easy method. Although they may have slightly different terms, for the most part you just need to sign up on their website or app and then start investing money.
Robinhood was an innovative company founded in 2013 on the idea that everyone should have cheap access to investing in financial markets. They did this by creating their app with $0 commission on trades.
On Robinhood you can trade not only stocks and ETFs with $0 commission, but they recently added a platform for trading cryptocurrency. Like some other competitors, Robinhood also allows users to buy fractional shares of stocks so that you can afford to invest in a company that may be too costly to purchase one whole share (like Chipotle which has been trading over $1,000 a share since July 2020.)
Robinhood’s app is simple and easy to navigate for any investor (even someone brand new to the financial world.)
Free Stock from Robinhood
To get your free stock from Robinhood you just need to download the app, sign up, and open your account. Then you will get 1 free share of a randomly selected stock that could have a value between $2.50 – $200.
Public takes a more socialized aspect of life and combines it with investing in stocks. Public’s app merges social media with investing by allowing you to follow other investors to learn from their insights. Public even allows you to create group messages with friends or join other chats to talk about what companies you are interested in.
Similar to Robinhood, in public you can trade individual stocks, ETFs, as well as fractional shares of companies all while having $0 commissions on trades.
The last interesting feature Public has is their Themes section. Here you can click on an industry that you like or are interested in, and Public will help you learn about different stocks of companies or ETFs that are designed for investing in that industry.
Free Stock from Public
Public will give you up to $5 that you can use to invest in a stock of a company that you pick. You just need to sign up for public by downloading the app, and get started investing and engaging with the online social community.
Launched in 2012, Acorns is the app designed to help you save and invest your savings without having to do any extra work. By connecting your debit or credit card to the app, Acorns invests your spare change from everyday purchases you make.
Acorns does this investing for you by rounding-up the change portion of each purchase you make. For example, if you buy a coffee for $2.32 then Acorns will round that purchase up to $3.00 and take the extra $0.68 and add that into your investment portfolio with them.
This is a great app for someone that maybe will forget to take the time to manually save money on their own as it will do it for you in the background every time you swipe your card. Acorns manages their app by charging you $1 per month for their services.
Acorns does not allow you to invest in individual stocks, they help you choose from different portfolios that are invested in stock and bond ETFs based on your timeline of investing and risk tolerance.
Free Stock from Acorns
Although you receive a free individual stock from Acorns, they will give you $5 in you’re account that will be invested into your portfolio allocation. By doing this, that $5 is invested in stocks, just diversified through ETFs.
Nvstr is a stock trading platform that leverages the ideas of many intelligent investors and puts the most relevant information in front of you. This company also provide free access to the largely used financial data product, Captial IQ, for analyzing different companies and their key metrics.
Free Stock from Nvstr
Nvstr will give you a cash reward that you must use to invest in a stock. You cannot withdraw that money for 1 year. The free cash Nvstr is offering is up to $1,000 for you to use to start investing today when you sign up.
In 2015 Stash was started and launched as an app designed to offer a sort of all-in-one banking/investing platform.
The basic level “Stash Beginner” account you get with Stash does have a fee of $1 per month. This provides you with a bank account and an investment account for investing in stocks, ETFs, and fractional shares.
Stash also gives you budgeting/saving tools as well as advice and education to help along the way of your financial journey. Lastly, Stash can give you up to 2 days early payday access (depending on availability and timing of the payor.)
Free Stock from Stash
Stash will give a new user to their app $5 that they can use to invest in stocks or ETFs when they create their account.