So it was only a matter of time before an investment app built the community right into its platform.
What Is Public?
Public is a popular activeinvesting appthat boasts a people-first focus and commission-free stock market trading.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Public Review: Features and Services
How Does Public Work?
Public is designed for active investing.
Did you know?
Dont forget to include a profile picture to connect with the community!
you could also fund your Public account with a debit card.
you might withdraw funds to your bank account for free.
Transfers to another brokerage come with a fee of $75.
you’re free to invest as little as $1 at a time.
Public Fees
The Public app is free to use.
Youll just pay fees for less common actions like domestic wire transfers, bad checks and paper statements.
In lieu of trading fees, Public includes an option to tip with your trades.
you might find thebreakdown of their fees here, which vary based on your order amount.
Retirement Accounts
Based on feedback from users, Public has added retirement accounts as a feature.
you’re free to open Traditional and Roth IRAs alongside your other investments on Public.
you’re free to find information on thathere.
It offers more than 9,000 equities and a growing list of crypto assets.
Unlike many micro-investing apps, Public doesnotoffer curated or managed portfolios.
You have to choose each asset you want in your portfolio.
It also doesnt support mutual funds.
Right now, this account comes with a 4.1% APY* (annual percentage yield).
There are no minimum balance requirements, limits, subscription fees or maintenance costs.
you’re free to withdraw, transfer or deposit money from yourhigh-yield cash accountwhenever you want.
And your money is secured with FDIC insurance up to $5 million.
Public doesnt offer tax loss harvesting.
Access to Investor Community
Public doesnt give you access to professional financial advisors for personal financial advice.
Public Customer Experience
Publics one-on-one customer support is all online.
And you always have the community to lean on for investment questions.
The company is a member of the SIPC, which insures investments up to $500,000.
The company is backed by venture capital.
As with all investing, you risk losing money if the assets you buy through Public decrease in value.
She foundedHealthy Richto publish stories that illuminate the diversity of our relationships with work and money.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
