Loyal3 Investing For Fun Without Fees

I don’t usually mention products on my blog, but I started using Loyal3 in January and I have to say, it’s a lot of fun. Loyal3 is a great introductory tool for someone who wants to play around with a few stocks. If I was a high school economics teacher I would probably make my students invest in something through Loyal3. It’s very easy to use and the best part, no fees of any kind.

Now, because they do batch buys when you choose to buy and sell the transactions aren’t immediate. That’s okay really. I have been able to make about a 10% return on my investment even with the delays. The other downside is the selection of stocks is a bit slim. It’s not a serious investment portfolio, but it’s great if you just want to play around with stocks.

I have contacted their customer support a few times as well. Each time they were more than helpful and were able to resolve my problem. That being said, their business hours are on the west coast so it’s a bit difficult if you want to get ahold of them before the workday begins. For the most part everything you need is in their app though. I’m sure they have a desktop version of their site, but I’ve never used it.

If you’ve talked to me in the past few months about investing then you’ve probably already heard me talk about Loyal3 a billion times over. If not, check it out yourself. It really is an easy way to get your feet wet in the stock market.

3 Comments

  1. Do you have to deposit a minimum?

    • Sarah

      August 15, 2015 at 4:24 pm

      I think it’s a $10 minimum and you will need to connect a checking account to your Loyal3 account to do so.

  2. This is great. With the stock market taking a hit I was looking for somewhere I could start trying out my investing skills. I signed up and my only complaint is the lack of options. There are a lot of brands and stocks here, but it’s still a lot fewer than what you would see in a traditional stock platform, I think. Anyway, thanks for the tip! Let’s see how my $100 of stock does!

1 Pingback

  1. gingerkid

Comments are closed.

© 2017 i am sarah kohl

Theme by Anders NorenUp ↑