How to Use Pints for Investing: A Beginner's Guide
Investing is one of the tried and true ways of getting your money to work for you, and the Pints app is here to assist you in achieving just that. As Mellody Hobson, co-CEO of Ariel Investments, once said, “The biggest risk of all is not taking one.” If you’re still wondering when the best time to start investing is and don’t know how to get started, let us help you out!
Whether you have $10,000 set aside or can only manage an extra $50 a week, there are always opportunities to grow your wealth by using the right investment platforms. Here’s everything you need to know about Pints, the social investing app that can aid you in your personal finance journey.
What Is a Pint?
Pints are customisable mini-funds that allow you to allocate funds based on an algorithm and ensure diversification in your investment strategy.
As a Pints app user, you may craft your own Pint center around themes. Here are just three types of Pints we have on the app:
- An “Industry” Pint: For instance, a Semiconductor Pint could include main players like Qualcomm, Intel Corporation, and more.
- An “Investment Idea” Pint: An Emerging Tech Pint may comprise of companies you believe will dominate the technology space in the future.
- A “Social” Pint: This includes companies that have a social mission. A Pint consisting of women-owned companies or ones looking to tackle climate change are some examples.
In short, a Pint is a basket of stocks composed of different companies or ETFs put together based on an idea or strategy.
How Do I Purchase a Pint on the App?
Here’s a step-by-step guide to creating and purchasing your own Pint:
- Open the Pint’s app, and click on the funds tab to add value into your account
- Use the search function to look up stocks, ideas, or themes.
- Select the stocks you want and click “Add To a Pint”
- At the checkout page, you can enter a customisable Pint Name, an investment amount, and the percentage you want to allocate to each stock or ETF. An estimated return for the Pint based on past performance and your allocation will be generated.
- When you’re ready, click “Confirm Order”, and all you have to do is wait for your Pint to be processed!
What’s Available on the Community Page?
As an alternative option to creating your own Pint from scratch, you may also wish to get ideas from some of our members via the community tab.
Our “Top Advisor’s Pints” section features several notable Pints created by financial advisors who are active on our platform.
Here, you can check out the breakdown of the basis of the portfolio, stocks included, its risk level, IRR, and more. You can even choose to purchase and follow a Pint that has piqued your interest.
While you’re on the community page, be sure to also check out the “Learning” tab for articles that can aid you in your investment journey, or the “Feeds” page for bite-sized information posted by financial advisors.
How Can Pint’s Financial Advisors Help You in Your Investment Journey?
Besides providing themed Pint suggestions, you can tap into the knowledge that the advisors on our app have to offer. After all, financial advisors are some of the best people you can turn to for advice on building wealth, managing risk, and other financial decisions. This is why we’ve created a knowledge-sharing feature on Pints, for financial advisors to share valuable insights on anything finance-related with all investors. This could range from investment strategies for beginners, to commentaries on recent stock market events, and much more. It can all be assessed via the app, either by clicking into any advisor’s profile or scrolling through the “Feed” page. Use it as a supplement to your investment research and decisions!
Pints also strives to make personal finance knowledge more accessible to everyone, which is why we aim to conduct interviews with advisors from time to time. Check out what one of our financial advisors on our platform has to say to all beginner investors here.
What Time Do the Markets Open?
Pints currently enables you to invest in some of the largest companies and ETFs listed on NASDAQ and S&P.
The NYSE and NASDAQ are open for trading from Monday to Friday, 9:30 a.m. to 4:00 p.m. Eastern Time.
The Bottom Line
If you're just starting out as an investor, know that it's possible to invest in stocks even with a small sum of money. With Pints, you’ll be able to craft your investment strategy based on specific goals or niche interests, adjust your portfolio according to your available funds and risk appetite, and tap on the wealth of knowledge available in our community. Get started with Pints today!