tag:blogger.com,1999:blog-1893129263573703047.post7574043967379795003..comments2024-03-28T00:13:55.918-07:00Comments on A Frugal Family's Journey: NEW Loyal 3 Account !!A Frugal Family's Journeyhttp://www.blogger.com/profile/05093532273552790517noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-1893129263573703047.post-62594742589431744232016-08-08T12:57:29.796-07:002016-08-08T12:57:29.796-07:00Roman - the initial 2.08% didn't take long at ...Roman - the initial 2.08% didn't take long at all, but since then, the account hasn't made much headway. Since this post, the gains in the account only represent a 2.36% gain. :( but I have to say that each investor will see a different number depending on how much and what they invest in. <br /><br />To me, Loyal3 is a decent alternative option to buy and sell stock with no commission, but there are limitations and I certainly wouldn't drop my main broker and use Loyal3 exclusively. <br /><br />Thanks for commenting. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-14706638287393245022016-08-08T11:52:08.561-07:002016-08-08T11:52:08.561-07:00But how long did that take? I'm considering us...But how long did that take? I'm considering using loyal3 but if that 2.08% took you half a year to make then I'm not sure It's worth it. Anonymoushttps://www.blogger.com/profile/10577044568104030054noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-10448097347665570612016-08-06T19:43:15.389-07:002016-08-06T19:43:15.389-07:00The 2.08% was a net gain, not a loss. This post is...The 2.08% was a net gain, not a loss. This post is pretty old but my Loyal3 account is is currently up 2.36%. Not very the greatest return but better than a standard bank account. I think the main drawback with Loyal3 is the limited stock selection.A Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-15570753169252244972016-08-06T19:09:53.719-07:002016-08-06T19:09:53.719-07:00If you don't mind me asking, how long did it t...If you don't mind me asking, how long did it take you to get back that 2.08% Anonymoushttps://www.blogger.com/profile/10577044568104030054noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-62378662962016939872015-09-24T21:39:49.132-07:002015-09-24T21:39:49.132-07:00I like all three companies you mentioned. We actu...I like all three companies you mentioned. We actually invested $50 into one more company today. We felt Unilever offered a great value at current prices and decided to invest $50 into the company this morning. We know own four companies (DIS, FTR, UL, and WMT) through Loyal3. Loving the concept so far...we are hoping to slowly migrate our idle cash from our P2P accounts into Loyal3 in the coming months. <br /><br />Cheers to free trades and fractional shares! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-79803207645861497012015-09-20T08:09:51.822-07:002015-09-20T08:09:51.822-07:00I use Loyal3 for a few stocks, MCD, WMT, KO. I li...I use Loyal3 for a few stocks, MCD, WMT, KO. I like the service, although the limitations I see are limited purchase options, slow execution, and no DRIPs. However, since there are no fees as long as a dividend is $10 or more, you could simply buy fractional shares, so I guess DRIPs are sort of covered.Anonymoushttps://www.blogger.com/profile/15330040244289368427noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-14788440813315363662015-09-14T21:47:02.453-07:002015-09-14T21:47:02.453-07:00Could agree more! Such a concept and tool that I ...Could agree more! Such a concept and tool that I already have plans to encourage my kids to open an account...as soon as they are old enough to decide for themselves. :)<br /><br />Based on our readers feedback, it sounds like we are about 8-9 months behind the curve. :) Glad to be joining the masses finally! <br /><br />Cheers to $10 buys with no commission! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-84485603056944260342015-09-14T21:43:14.414-07:002015-09-14T21:43:14.414-07:00Glad to hear you've been following along. Alwa...Glad to hear you've been following along. Always love hearing feedback from our readers. <br /><br />Sorry to P2P is not available in Iowa...although I am not sure I would fully recommend it today as I would have a year or two ago, P2P is merely another basket for our money from this point forward. Nevertheless, hope you get the opportunity to invest in P2P one day so that you can arrive at your own conclusion. <br /><br />Until our next post. Cheers! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-49351657523645392922015-09-14T21:40:18.281-07:002015-09-14T21:40:18.281-07:00Thanks for clarifying Dividend Diplomats questions...Thanks for clarifying Dividend Diplomats questions so quickly. I appreciate the extra hand. :) It hasn't been that long since we've open our Loyal3 but I must say that so far I really like what I see. <br /><br />Thanks for visiting. Best wishes! AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-24985328991485206232015-09-14T21:38:50.027-07:002015-09-14T21:38:50.027-07:00Total agree...great place to start for beginners. ...Total agree...great place to start for beginners. But I would have to say that its not a bad place to more seasoned investors to buy up certain stocks with little cash and no commission. Maybe slowly build up a position in a company that you might otherwise want to invest a larger chunk of cash. :) <br /><br />Regardless, the overall concept of investing as little as $10 with no commission is awesome. Can wait to see more options as Loyal3 becomes more an more maintstream. <br /><br />Thanks for stopping by and commenting. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-49648012104852316932015-09-14T21:34:22.648-07:002015-09-14T21:34:22.648-07:00Sorry for the late reply. Looks like Reno Ryan ha...Sorry for the late reply. Looks like Reno Ryan has already answered these questions for you. @Reno Ryan - thanks. Still just getting my feet wet so I am hoping to learn as I go myself. :)<br /><br />AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-12436397981649599902015-09-14T21:31:48.194-07:002015-09-14T21:31:48.194-07:00Thanks for the clarification BDI. I wasn't su...Thanks for the clarification BDI. I wasn't sure if it was SIPC so didn't want to mention that in my post. Great to here so many people out there are using it and seem to have many good things to say. <br /><br />Awesome to hear your dividends were immediately put to work with a new purchase of UL. Keep that compounding effect going!<br /><br />Best wishes. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-84300791552509856672015-09-14T21:29:13.629-07:002015-09-14T21:29:13.629-07:00I agree Andy, definitely a great way to build a po...I agree Andy, definitely a great way to build a portfolio through small purchases. Ten dollars here, twenty dollars there, slowly but surely the passive income will still grow nicely over time. Glad to hear we are in good company. <br /><br />Thanks for following us on our journey. Regards. AFFJA Frugal Family's Journeyhttps://www.blogger.com/profile/05093532273552790517noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-51125997503385815592015-09-14T14:14:18.590-07:002015-09-14T14:14:18.590-07:00I'm glad to hear you opened an account with Lo...I'm glad to hear you opened an account with Loyal3. I've been using it since the beginning of this year and love the concept. No commissions, the ability to own fractional shares, and the ability to invest with as little as $10 is fantastic. It's a great place for new investors with little capital.Anonymoushttps://www.blogger.com/profile/17499473177691976947noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-41772845059503874032015-09-13T07:41:06.326-07:002015-09-13T07:41:06.326-07:00AFFJ, love reading your blog.. keep up the good w...AFFJ, love reading your blog.. keep up the good work. I unfortunately was not able to invest in P2P investing because I reside in Iowa. But I love the concept. <br /><br />-Reno RyanReno Ryanhttps://www.blogger.com/profile/18250358332397555384noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-73809522434023652462015-09-13T07:39:01.531-07:002015-09-13T07:39:01.531-07:00@DivDiplomats. I emailed Loyal3 customer service ...@DivDiplomats. I emailed Loyal3 customer service when I first started and only a couple do actual reinvestment. FTR and HNZ are the only ones so far that reinvest divs. Everything else goes straight into cash balance. The dividend received is then used as a discount to your next Loyal3 purchase. Ex: I receive 25 cents from Starbucks from div, then if I am doing a $10 purchase, $9.75 is taken out of my checking for the $10 stock purchase.<br /><br />Overall, I love Loyal3 because it has very strong companies.. Brk.B, Goog, Amzn, etc. I have been using for 11 months.<br /><br />-RyanReno Ryanhttps://www.blogger.com/profile/18250358332397555384noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-69891447790801131912015-09-12T23:44:27.646-07:002015-09-12T23:44:27.646-07:00If I was just starting out today I would open a Lo...If I was just starting out today I would open a Loyal3 account. It's quite popular among the DGI bloggers and for good reason. $0 commish and being able to buy quite a few solid dividend payers makes this a great place to start investing and get your feet wet. Thanks for sharing.DivHuthttp://divhut.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-28410725360825427552015-09-12T21:47:27.399-07:002015-09-12T21:47:27.399-07:00AFFJ,
Nice, nice. Any feedback on dividend reinv...AFFJ,<br /><br />Nice, nice. Any feedback on dividend reinvestment? Are you allowed to do this? <br /><br />-LannyDividend Diplomatshttp://www.dividenddiplomats.comnoreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-22845712154511203502015-09-12T14:46:58.376-07:002015-09-12T14:46:58.376-07:00Glad to see you on board. Although Loyal3 is not F...Glad to see you on board. Although Loyal3 is not FDIC insured it is SIPC insured which protects up to 500k and 250k cash.<br /><br />I love Loyal3. I've been buying UL on a weekly basis lately. I bought $30 last week and this week UL+WMT paid me $10...so I bought $10 of UL. Every bit counts especially when there is no trading fees. =)The Broke Dividend Investorhttps://www.blogger.com/profile/14749285674284952326noreply@blogger.comtag:blogger.com,1999:blog-1893129263573703047.post-67009880064254330632015-09-12T13:49:46.485-07:002015-09-12T13:49:46.485-07:00Yay on Loyal3!! I love my Loyal3 Account, even if...Yay on Loyal3!! I love my Loyal3 Account, even if its got a very minimum balance right now. Its so easy to just toss a little cash, and acquire fractional shares with no commission...<br /><br />Love hearing about the progress, and seeing what you are up! Keep up the good work! Cheers!Andy Chttps://www.blogger.com/profile/10333340211362658333noreply@blogger.com