I posted on Facebook that I was testing out GoTrade, and a lot of friends responded. GoTrade is an application where I purchase foreign (mostly US) stocks. I made an intro blog post on Gotrade here: Buy Foreign Stocks with GoTrade
Personally, I find it to be more convenient than the other platforms, because of these things:
a. GoTrade allows me to purchase fractional shares. In other platforms, I need to purchase at least 1 share of stock for some popular stocks. But some of these these popular stocks costs hundreds of dollars to just purchase 1 share. With GoTrade, I can buy fractional shares and get in on the action when gains are seen from these stock shares.
b. I love that it’s so easy to cash in. You can cash in using GCASH, a UnionBank Account or a BPI account. I’m sure they will add more soon, but these three options are enough for me.
c. Withdrawing from GoTrade is also very convenient with a very affordable transaction fee of $4. And the money is deposited in a matter of minutes with instant withdrawals.
One question that I was asked by friends when I posted is which stocks did I buy.
I started with depositing $100 right off the bat (I wanted to experiment and test quickly). By the way, please do not take this post as financial advice. I am not a financial advisor or financial planner. I only share what I have experienced and what I am doing with my personal portfolio.
So for that $100, I placed them in these stocks.
I was attracted to purchase US stocks because I saw that a lot of vloggers where talking about AMC (during the time I started). Personally though, that time, I really wanted to purchase TESLA stocks. This is how I stumbled upon GoTrade.
So I initially placed $10 on this stock.
I then wanted to test out purchasing other stocks so I researched about it and wanted to place in ETFs. ETFs are exchanged traded funds. ETFs are like mutual funds, but ETFs are bought and sold throughout the day on stock exchanges. ETFs are basically created for individuals who want to mitigate risks, because instead of purchasing just one stock, the ETF helps you by actually investing in different stocks.
I was so excited to see ETFs from Vanguard in GoTrade. Vanguard is a trusted name when it comes to ETFs for most investors. They have different ETFs focusing in different sets of stocks. The ones that I purchased are VTI, VOO and VGT.
Other stock shares that I bought initially are those of the Pharmaceutical company, Moderna and that of a tech company, which is Google (for obvious reasons). I also later on invested in a lot more technology companies (which I will share in a different post soon).
Another segment that I was looking at was REITs or Real Estate Investment Trusts. REITs are basically investing on Real Estate without really owning properties for rent such as commercial spaces, malls, etc. We know that Real Estate investing is nice to have in our portfolio, but while I save up to purchase properties, REITs will do. I’ve been noticing that now, local companies like Robinsons Land and Megaworld are releasing REITs.
In GoTrade, they have different choices of REITs. I personally invested in O or Realty Income, Ares Commercial Real Estate and LTC Properties. Feel free though to research more about these different companies.
So there you have it. So for my $100, these are the companies that I invested in.
Some things to note…
I do dollar cost averaging, so I make it a habit to place a little amount every week if possible. I place around $20 a week at least (as much as possible).
I also check on the stocks that issue out dividends. You can check it on GoTrade by checking the Dividend Yield of the stock.
So that’s it for my answer to what did I purchase with $100 dollars. Hope this article helps.
If you haven’t downloaded GoTrade, you can look for it in the App store or Google playstore. You can use my invitation code to get in.
If you have any questions, feel free to comment on the section below! Have a great day!