Becoming A Thrifty Investor

How do you become a thrifty investor? You look for deals. You look for the best offer for your money. Just like when you go to the store and you compare weight to prices of competitors.

You want to make sure you have the most value for your money, especially coming out of a high inflationary period. We live in a great time of “dumb money” or Main Street investors. We have FINTECH!

Obviously I have talked at great length of what apps my family and I use and honestly, if you’ve read those articles you would know why we use them. It’s not just because they are great apps and constantly update and offer new products to investors, though. It’s also because, all we need to do is download the app, sign up for their brokerage, and typically you get some sort of start up bonus.

If you use someone’s affiliation link, you can get an even better start up bonus, and that’s just adding to the level of thrift that fintech has. Finding $0.00 commissions on trading, or deals on level 2 Trading Views, High Interest Savings Accounts, access to money markets, or private/pre-ipo companies. These are all big levels of access that our stock market ancestors never got to use.

They would have to buy 100 shares at a time, not fractional shares. You would need a minimum in a brokerage account and also pay fees every transaction. They wouldn’t be able to start with $5 and still have access to the markets, and that’s where we are lucky and automatically thrifty.

Having $0 commission is revolutionary for the Main Street investor. I’m here writing about it, because I’m so luck to be able to participate. It’s not always been that easy, so with technology, comes thrift. And we must look for the best deal with our thrift, while also making sure we do our due diligence to find a reputable brokerage.

Don’t just go with whatever sounds the best, truly do your research in what brokerage you put your money with.

Speaking of being thrifty and all of what fintech has to offer, what is your favorite part of these fintech apps that give you access to the financial markets?