Trending Assets
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Trending Assets
Top investors this month
I'm starting a Commonstock Trending portfolio
I'm excited to start a fun experiment. For the next year, I'll be investing in the top trending asset every week. Here's how it'll work:
- At the end of each week, I'm going to look at the Trending board for the #1 global investing asset over a 1w period. This week, it's $MSFT.
- I'll buy the exact same dollar amount each week of that asset. To make this work, I'll be using a brokerage that supports fractional shares.
- To make the buy, I'll put in a market order for that dollar amount to be executed the following Monday.
- I will keep this entire portfolio in a specific brokerage account dedicated to this portfolio (this has been harder than expected to set up, see end of this post).
I'll do this every week for the next 52 weeks. Let's go!
What Brokerage?
Finding a brokerage to use for this has been slightly challenging. I need a brokerage that supports fractional shares and crypto investments and connects to Commonstock. I'd also prefer a simple UI since I dont need complex tools for this. Here's what I've explored:
- Robinhood: This would be perfect, but I already have a Robinhood account and you can't have multiple portfolios. I want this account 100% focused on this.
- Ally: Doesn't support Crypto
- Webull: Soesn't support fractional shares.
- IBKR: Doesn't support crypto purchases.
- SoFi: Does everything I want, but currently has a weird issue with Plaid, which means I can't connect it to Commonstock.
Right now, working on getting the SoFi account connected but will see. If I can't get it set in the next day, I'll make my first purchase next week.
I'd love any feedback on this, and if there's a brokerage I should look at that I might not have considered.
Already have an account?