Stockpile stock app burning out, fadeaway, or just a change

Stockpile stock app burning out, fadeaway, or just a change

By edexter | Dexter's finance musings | 6 Dec 2020


I have tried a great number of stock apps and it look like they keep coming.  Stockpile created a concept of gift cards for shares and offered purchases of stocks for a dollar.  You could see their gift cards for $5 or whatever over their stated price of $25 or whatever price.

 

A tough sell for sure unless you were trying to cash out of a gift card.  Fractional shares was probably a good pitch but without inovation they ended up with competition.  It may be that they were paying for shelf space on retailers sites.  

I thought it was odd that they never went into the rebate or coupon space.  Companies can quite litterly airdrop a cent or two of stock for watching an advertisement.  Happens with crypto all the time.

 

Now that they are off of the retailers sites it is just the $1, whatever they get from the short market and whatever they get from reinvestment.  I did notice they seem to be on Swagbucks if you make it to $25.  Once you get a the money in you can get the other cash.  I could see someone setting up pools of imported money and providing some of that cash back to the one that paid out.  In real life gift cards are worth a little bit less than cash because of cash back cards and rebate offers that are stacked on top of that.  As a cashout method that doesn't cost money you would think it would be popular.

 

Going forward I hope I am just seeing signs of a redirection.  I am happy with the Disney and Nike stock that I have and I wish them the best.


edexter
edexter

Long time invester working at a meat packing plant.


Dexter's finance musings
Dexter's finance musings

This is just a blog about whatever my latest speculation is. Mining stocks, crypto or even bonds at times

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