Tuesday, June 17, 2014

Loyal3 Recent Stock Purchases DPS, WMT, DNKN


I now have another portfolio I have started to build with my new Loyal 3 account. I recently added 3 positions to my new portfolio. I will continue to purchase dividend stocks through Sharebuilder but I like how I can purchase small amounts of shares with Loyal3. Loyal3 is also free trading so I don’t have to worry about paying a ton of fees with buying and selling. I will be making frequent purchases throughout the month, therefore I will lump all of my future stock purchases into one recent purchase article. So far I have added:
  • 2.56 shares of DPS on 6/10/14 at $58.56 per share
  • 3.05 shares of DNKN on 6/16/14 at 44.23 per share
  • .64 shares of WMT on 6/17/14 at $77.34 per share


I am still trying to get a good understanding of the Loyal3 interface. I have noticed that Loyal3 doesn’t give you much information about your current positions. For example they don’t keep track of your gain/loss for each position but this is something I can figure out on my own. I am hoping to add a few more positions by the end of this month and will keep everyone posted with my experiences with loyal3.

My Stocks
 




Dr Pepper Snapple (DPS)
Shares Owned
2.5970
Share Price
$58.70
Total Value
$152.44


 


Wal-Mart (WMT)
Shares Owned
0.64649
Share Price
$75.34
Total Value
$50.00




Dunkin (DNKN)
Shares Owned
3.05222
Share Price
$44.23
Total Value
$135.00

4 comments:

  1. loyal3 sounds interesting. Having just added a 4th brokerage (motif), I'm not in the market right now for another but that could change eventually. It looks like a great way to add small pieces at a time.

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  2. Hey Brent,
    I was skepitcal on adding a new brokerage, but so far I am happy with Loyal3. The free trading saves me a ton of money because I like investing small amounts at a time. They currently only offer about 55 companies but a lot of them are great dividend paying stocks. I have also heard great things about Motif. Good luck with your investments and thanks for stopping in to read my blog!

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  3. I'm looking to add a new brokerage as a way to DCA into positions. I've pretty much narrowed it down to Motif or Loyal3 but what's keeping me from moving forward is the lack of a proven track record. I've only been investing a short while but I've heard plenty of horror stories of new brokerages popping up with great ideas but then they either go under or start tacking on a lot of fees. Any concerns that Loyal3 could have that happen since they don't charge a commission? As far as I know they only make money off the IPO market that they are involved in.

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    Replies
    1. Hey PIP,
      I am really happy so far with Loyal3. I opened an account with them so I can make smaller purchases with no fees. I understand your concern with new brokerages shutting down but I think Loyal3 will be successful as it gains popularity. So far. I have made 3 purchases this month and I plan on making another two with Loyal3. At Sharebuilder this would have cost me approximately $35.00 which takes a big chunk from my capital. Loyal3 makes money off of the IPOs and the companies available to purchase. I am assuming they make commission for every sale. If you use your credit card to make purchases, you can only buy up to $50.00 worth of shares at a time. The good thing about using your credit card is that the process for the transaction is one day earlier than using a checking account. I hope this helps!

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