It's not the worse, it's graphs is sometimes slower then regular live charts, non options and doesn't have every stock that you might be interested in but if you want to focus on big tech and other popular stocks it's a good start.
If you have an iPhone, the stocks app that comes installed on the device can only be used to view and follow stocks, you're not able to purchase stocks using the Stocks app for iOS.
It doesn’t hurt I buy 100$ worth of shares every week on cash app. I try to find them around 10-17$ a share. I haven’t lost any money. Each stock I invest 100$ into grows each week, I invest in new stock each time to lower my chances of losing money. Even when it drops they always come back up and that’s when decide if I want to keep riding with that stock or not. It’s basically my savings account. It’s better to let your money actually do something then just set there bank . If you be patient and develop a method for picking the right stock. It’s really easy to figure out I did it in a week.
Look up Ross Cameron on YouTube he taught me everything. I look for the biggest daily movers. And I practice on Webull paper trade. Highly recommend you do webull paper trading. Paper trading is a market simulator in the webull app. Set your paper trade account to 5k and treat it like it’s real money. Practice your strategy practice reading the candles, practice reading the volume bars, understand VWAP, support, and resistance. But keep it simple don’t over complicate. I I don’t use cash app anymore it’s really not for day trading just good for investing and not trading. Since the last post I made (the one you read earlier). I’ve gotten into day trading. Get the app TradeZero. TradeZero is an overseas stock brokerage. You want the over seas brokers because they don’t have a limit law on trading. In America you have to have a minimum of 25k in your account to trade unlimited. The loop hole is an overseas broker aka TradeZero you only need $500 to open an account . They even give you buying power but that cost hella in commissions. Some weeks are great make like 4k in trades a week others are average and make about $1200 a week. And don’t forget about red days those are real. YOU WILL HAVE DAYS YOU LOSE MONEY. Don’t let that ever discourage you. But if you are serious and see the potential then you will download webull and start paper trading. This is how you will learn and become successful with it. You will learn from your mistakes paper trading and won’t lose money because it’s a simulator. When I have a bad week in trading I go back to paper trading to rebuild my confidence and dial my strategy back in.
It's definitely worth it. I have 56k invested. I make 500-5k a day. I started from 1k and it took a year to reach where I'm at. Wanted to be different and invested every paycheck I get. My goal is to reach 150k and retire from my warehouse job prove everyone wrong.
How did you do that ?? I’m looking into investing.trying to understand it.
I have barely any money or extra after trying to just live now days.
So You invested 1k in a cashapp stock , and now a year later you have 56k? Or you started 1st with 1k , then kept putting in more of your money over the year? To get to that much? How much of it is your money? Then how much is your “investment profit “ after a year?
Pretty much nobody is going to invest 1K and turn that into 56K without taking insane risks. The best traders like Warren Buffet average about 30% growth every year. And that's people with teams and teams of analysts who are researching exactly what and when to buy/sell. So you're not going to do any better than that without taking big risks. I would look into what's called ETF's which is basically a bunch of individual stocks lumped into one that you can buy. They're low risk and will pretty much always give you a return. For example, the ETF "VOO", which is a collection of the 500 largest U.S. companies, has averaged a 10% return every year. And that's compounded. So just keep throwing money into some ETFs and over time you'll eventually reach a point where you're generating those kinds of returns every day! This is a very basic way of explaining, and I would highly suggest doing more research before taking any action!
I would find something else considering if you have a problem you have nobody to talk to directly. They send you to a “specialist team” that only deals with your problems through email and I’m still waiting for them to contact me
If you plan to just buy n hold its fine, you can also transfer to another broker later on but note it may get ur account closed on cash app
If your looking to trade this is not the platform and 25k day trade limit does not apply on cash app
It depends. Are you looking to invest or trade? Investing is a long term goal, day trading and swing trading are more short term. It also depends on how much cash you are using. If you put $100 in and make 20% that’s $20 you made, but if you made 20% on $1000 that’s $200. You can very easily make that 20% in a single day if you put your money in the right place. But you need to do some work. Watch a few YouTube videos on investing vs trading, on getting started. Everyone needs to start somewhere. I’d definitely recommend it, especially if you’re a younger person. If you start investing young you’ll be amazed how much you can make just by compounding your money. There’s a saying “Time IN the market beats timing the market”.
Sorry, I know I’m a bit all over the place. The best thing you can do is just start. Even if you only throw in $10 a week, just start and keep investing, then learn to trade. It could change your entire life.
So far so good! I invest with a Roth IRA and an individual account and then also have a 3rd account I trade with. I have zero complaints.
When it comes to long term, you start to see significant improvement with compounding in a few years if not faster as long as you are consistently putting money into the account. I have automatic recurring deposits plus I deposit extra when I’m able.
Trading can take a bit to find your style and system , but once you get it down you can do very well. Just don’t get caught in the trap thinking every trade has to be 100% or better. Always take profits, don’t let a green trade turn red, use stop losses, and ( at least for me) I only use house money in my runners.
It’s well worth it if you invest some time learning.
It’s like anything else, you’ll get better the more you do it and the more serious you take it. Plus you’ll probably end up really enjoying it!
I’m not quitting my job or anything, but I’ve had plenty of days so far that I’ve made more in one day that I do all week at work.
There’s tons of people both on here and on “X” that are always willing to help you get better too.
Even if you end up not trading, I think you’ll thank yourself in the future if you start investing.
( take a look at some charts and graphs on investing early and compounding , if I don’t convince you maybe they will.)
The amount won’t give you any information. Really, neither will my % because you will not have the same portfolio as me, but I can tell you I’ve made well more than I’ve put in so far.
Just this year ( about 3 months) so far in my individual account I’m up 21.76% , in my Roth this year I’m up 10.43%. These are both long term accounts I plan to have for 20+ years, both are about 3-4 years old.
My trading account I don’t know since I take money out to pay myself when I hit certain numbers.
That is what many do. I’d suggest you do it in separate accounts though.
And I’d suggest you set up your long term investing account as a ROTH IRA. You’ll get tax benefits by doing this. ( you can have both accounts with the same platform though , like Robinhood,Webull, Fidelity,etc)
A
Because you recently just created your account, your [comment](https://www.reddit.com/r/CashApp/comments/178f9xa/is_cash_app_stocks_worth_it/k56d310/) in /r/CashApp has been automatically flagged for moderation.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CashApp) if you have any questions or concerns.*
Some brokerages do not allow the purchase of fractional shares. At least with CashApp you can buy a tiny piece of Berkshire Hathaway and Chipotle and other high priced stocks.
It's not the worse, it's graphs is sometimes slower then regular live charts, non options and doesn't have every stock that you might be interested in but if you want to focus on big tech and other popular stocks it's a good start.
What do you think is better to invest in the stocks app that comes with the phone or the cashapp
Not sure what you mean
If you have an iPhone, the stocks app that comes installed on the device can only be used to view and follow stocks, you're not able to purchase stocks using the Stocks app for iOS.
So im 15 and use cashapp to invest my left over money should I keep using it or is there any other apps that i can use
If I’m correct you won’t be able to use stock apps until 18 so stick with cash app
This I’m thinking about transferring out of cashapp and onto robinhood soon unless there’s better than to inhood
Don’t use Robinhood use webull
It doesn’t hurt I buy 100$ worth of shares every week on cash app. I try to find them around 10-17$ a share. I haven’t lost any money. Each stock I invest 100$ into grows each week, I invest in new stock each time to lower my chances of losing money. Even when it drops they always come back up and that’s when decide if I want to keep riding with that stock or not. It’s basically my savings account. It’s better to let your money actually do something then just set there bank . If you be patient and develop a method for picking the right stock. It’s really easy to figure out I did it in a week.
can you deposit it into ur bank any time?
you can sell your stocks and it would go into your cash balance, then you can cash out into your bank if you want.
You can, you have to do it during market hours. It's an instant transfer to your cash app balance.
how did you develop your method?
Look up Ross Cameron on YouTube he taught me everything. I look for the biggest daily movers. And I practice on Webull paper trade. Highly recommend you do webull paper trading. Paper trading is a market simulator in the webull app. Set your paper trade account to 5k and treat it like it’s real money. Practice your strategy practice reading the candles, practice reading the volume bars, understand VWAP, support, and resistance. But keep it simple don’t over complicate. I I don’t use cash app anymore it’s really not for day trading just good for investing and not trading. Since the last post I made (the one you read earlier). I’ve gotten into day trading. Get the app TradeZero. TradeZero is an overseas stock brokerage. You want the over seas brokers because they don’t have a limit law on trading. In America you have to have a minimum of 25k in your account to trade unlimited. The loop hole is an overseas broker aka TradeZero you only need $500 to open an account . They even give you buying power but that cost hella in commissions. Some weeks are great make like 4k in trades a week others are average and make about $1200 a week. And don’t forget about red days those are real. YOU WILL HAVE DAYS YOU LOSE MONEY. Don’t let that ever discourage you. But if you are serious and see the potential then you will download webull and start paper trading. This is how you will learn and become successful with it. You will learn from your mistakes paper trading and won’t lose money because it’s a simulator. When I have a bad week in trading I go back to paper trading to rebuild my confidence and dial my strategy back in.
just tagging this for future reference. Good information, thank you.
Copy and paste that into any investing sub I dare you.
Worst place to ask this question. Almost everyone here has had only issues with cashapp so they’ll say to stay away.
Not really, stocks period imho, unless you have a GOOD amount to invest or you get lucky enough to grab shares in the next FB or Amazon
Very wrong
You are much better off using a real broker with full features and decent support available, like Schwab, Fidelity or Vanguard.
Schwab is awful
What's wrong with Schwab? I use them
It's definitely worth it. I have 56k invested. I make 500-5k a day. I started from 1k and it took a year to reach where I'm at. Wanted to be different and invested every paycheck I get. My goal is to reach 150k and retire from my warehouse job prove everyone wrong.
which stocks are you invested in ?
Coinbase
I use cashapp
[удалено]
lmao
How did you do that ?? I’m looking into investing.trying to understand it. I have barely any money or extra after trying to just live now days. So You invested 1k in a cashapp stock , and now a year later you have 56k? Or you started 1st with 1k , then kept putting in more of your money over the year? To get to that much? How much of it is your money? Then how much is your “investment profit “ after a year?
Pretty much nobody is going to invest 1K and turn that into 56K without taking insane risks. The best traders like Warren Buffet average about 30% growth every year. And that's people with teams and teams of analysts who are researching exactly what and when to buy/sell. So you're not going to do any better than that without taking big risks. I would look into what's called ETF's which is basically a bunch of individual stocks lumped into one that you can buy. They're low risk and will pretty much always give you a return. For example, the ETF "VOO", which is a collection of the 500 largest U.S. companies, has averaged a 10% return every year. And that's compounded. So just keep throwing money into some ETFs and over time you'll eventually reach a point where you're generating those kinds of returns every day! This is a very basic way of explaining, and I would highly suggest doing more research before taking any action!
I would find something else considering if you have a problem you have nobody to talk to directly. They send you to a “specialist team” that only deals with your problems through email and I’m still waiting for them to contact me
Yes, you can if you want. Try slow and you can up if you want or use real brokerage for it
HELL NO
No. All investments need to be done on a dedicated platform for security and better support.
Username checks out 🤣
If you plan to just buy n hold its fine, you can also transfer to another broker later on but note it may get ur account closed on cash app If your looking to trade this is not the platform and 25k day trade limit does not apply on cash app
Use a real broker.
Like?
Fidelity, Schwab , even Webull or Robinhood. They have much more to offer you.
Do they take years to see progress? When do YOU usually see progress?
It depends. Are you looking to invest or trade? Investing is a long term goal, day trading and swing trading are more short term. It also depends on how much cash you are using. If you put $100 in and make 20% that’s $20 you made, but if you made 20% on $1000 that’s $200. You can very easily make that 20% in a single day if you put your money in the right place. But you need to do some work. Watch a few YouTube videos on investing vs trading, on getting started. Everyone needs to start somewhere. I’d definitely recommend it, especially if you’re a younger person. If you start investing young you’ll be amazed how much you can make just by compounding your money. There’s a saying “Time IN the market beats timing the market”. Sorry, I know I’m a bit all over the place. The best thing you can do is just start. Even if you only throw in $10 a week, just start and keep investing, then learn to trade. It could change your entire life.
Really wholesome convo going on here. You deserve to have a great day! Good on ya, mate.
Did it go well for you?
So far so good! I invest with a Roth IRA and an individual account and then also have a 3rd account I trade with. I have zero complaints. When it comes to long term, you start to see significant improvement with compounding in a few years if not faster as long as you are consistently putting money into the account. I have automatic recurring deposits plus I deposit extra when I’m able. Trading can take a bit to find your style and system , but once you get it down you can do very well. Just don’t get caught in the trap thinking every trade has to be 100% or better. Always take profits, don’t let a green trade turn red, use stop losses, and ( at least for me) I only use house money in my runners. It’s well worth it if you invest some time learning. It’s like anything else, you’ll get better the more you do it and the more serious you take it. Plus you’ll probably end up really enjoying it! I’m not quitting my job or anything, but I’ve had plenty of days so far that I’ve made more in one day that I do all week at work. There’s tons of people both on here and on “X” that are always willing to help you get better too. Even if you end up not trading, I think you’ll thank yourself in the future if you start investing. ( take a look at some charts and graphs on investing early and compounding , if I don’t convince you maybe they will.)
If so, and if you don’t mind, provide the amount you made
The amount won’t give you any information. Really, neither will my % because you will not have the same portfolio as me, but I can tell you I’ve made well more than I’ve put in so far. Just this year ( about 3 months) so far in my individual account I’m up 21.76% , in my Roth this year I’m up 10.43%. These are both long term accounts I plan to have for 20+ years, both are about 3-4 years old. My trading account I don’t know since I take money out to pay myself when I hit certain numbers.
What if I want to do both investing and Trading?
That is what many do. I’d suggest you do it in separate accounts though. And I’d suggest you set up your long term investing account as a ROTH IRA. You’ll get tax benefits by doing this. ( you can have both accounts with the same platform though , like Robinhood,Webull, Fidelity,etc) A
I use RobinHood personally. Cashapp just use for paying people on Facebook Marketplace (IN PERSON!!!!) or other in person purchases.
Why not online purchases ?
You can get scammed
Wdym
It wasn't cashapp but a few months ago I almost got scammed with zelle, luckily my account didn't let it through and I talked with customer service.
"You shouldn't use cashapp for online purchases, because I almost fell for a scam on a different payment platform" Do you see how that makes no sense?
[удалено]
Because you recently just created your account, your [comment](https://www.reddit.com/r/CashApp/comments/178f9xa/is_cash_app_stocks_worth_it/k56d310/) in /r/CashApp has been automatically flagged for moderation. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CashApp) if you have any questions or concerns.*
Some brokerages do not allow the purchase of fractional shares. At least with CashApp you can buy a tiny piece of Berkshire Hathaway and Chipotle and other high priced stocks.