Invest with as little as $100
What is it?
Stake is essentially an online shopping site for investors who want to invest in the US, giving Aussies access to more than 3000 US stocks and exchange-traded funds (ETFs) including well-known brands such as Apple, Amazon, Netflix and Tesla.
How does it work?
The site aims to give an online shopping-like experience and you can search out investments in your areas of interest. For example “shoes” would bring up companies like Nike. There’s also a filtering option that lets you narrow down your search based on a range of factors including lifestyle, region, industry and values.
The drop-down “discovery bar” lets you search for shares based on what’s trending. Some of the current options include “bet against Trump”, “invest in female leaders” and “see what Buffett owns”.
Stake takes a “dollar-based investing” approach, which basically means you can buy an exact dollar amount of a security and don’t have to invest in a multiple of a share price.
For example, Apple’s share price at the time of writing was $US155.90 (about $A200). If you invest $US100 you’ll get about 0.6414 Apple shares, or invest $US500 and you’ll get 3.2072 shares.
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