6 Best Cash App Stocks You Want Your Hands On

6 Best Cash App Stocks To Get

The convenience of investing through apps has revolutionized the way we think about wealth-building, but with so many options, it's easy to feel adrift in a sea of possibilities. 

If you've been searching for a beacon to guide you toward the best cash app stocks, you've landed at the right place. At Wisesheets, we’re sharing six of the best cash app stocks you can invest in right now.

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Exploring Cash App as a Stock Investing Platform

Exploring Cash App as a Stock Investing Platform

The digital transformation of the financial landscape has brought about some exciting innovations, and one such game-changer is Cash App. This mobile payment service developed by Block Inc., formerly known as Square, offers an easy-to-use platform for stock investing right from your smartphone.

Cash app stocks have made it possible to trade without traditional hindrances like brokerage fees or minimum balance requirements. Nowadays, anyone with a smartphone can get into stock trading.

Dive into the world of stock trading with ease using Cash App. No brokerage fees, no minimum balance, just seamless integration between banking and investing. #CashAppStocks #SmartInvesting

1. Square, Inc. (NYSE: SQ)

Square, Inc. isn't just another fintech company; it's a revolution in the digital payment landscape. Born out of the need to simplify payments for small businesses, Square has grown into a multifaceted financial ecosystem. 

With its iconic card reader and comprehensive point-of-sale system, it has empowered businesses, big and small, to process transactions seamlessly.

What Makes Square Special:

  • Innovative Ecosystem: Beyond just payments, Square offers a suite of tools, from payroll to financing.
  • Cash App: A peer-to-peer money transfer system that's become a household name.
  • Global Presence: Square's solutions are recognized and utilized worldwide.

Some considerations

  • Regulatory Landscape: As a fintech company, Square operates in a heavily regulated environment. Changes in regulations can impact its operations.
  • Competition: The digital payment landscape is crowded. How will Square maintain its edge against rising competitors?
  • Technological Vulnerabilities: Being a digital platform, Square is susceptible to cyber threats and data breaches.

2. Apple Inc. (NASDAQ: AAPL)

When you think of Apple, iPhones and MacBooks might spring to mind. But Apple's financial prowess extends to its digital wallet, Apple Pay. Integrated into every Apple device, Apple Pay provides a secure and private way for users to pay using just their device, eliminating the need for physical cards.

What Makes Apple Special:

  • Brand Loyalty: Apple users tend to stay within the ecosystem, ensuring consistent use of Apple Pay.
  • Security: Transactions are private, with card details never shared by Apple.
  • Global Acceptance: Apple Pay is accepted in millions of stores across the globe.

Some considerations

  • Diversification Risks: While Apple Pay is growing, Apple's revenue is still heavily reliant on China for manufacturing its hardware products.
  • Global Regulatory Scrutiny: Apple's size and influence have led to increased regulatory scrutiny, especially in the EU.
  • Tech Evolution: As technology evolves, Apple needs to ensure Apple Pay remains compatible and user-friendly across all devices.

3. Sea Limited (NYSE: SE)

Hailing from Singapore, Sea Limited is a force to be reckoned with in the Southeast Asian digital landscape. While it's renowned for its gaming and e-commerce platforms, its digital financial solution, SeaMoney, is making waves in the fintech space, offering a range of services from digital wallets to payment processing.

What Makes Sea Limited Special:

  • Diverse Offerings: Beyond fintech, they have a stronghold in e-commerce and gaming.
  • Rapid Growth: SeaMoney's total payment volume has seen exponential growth year on year.
  • Regional Powerhouse: Dominates the digital space in Southeast Asia and Taiwan.

Some considerations

  • Regional Dependencies: While dominant in Southeast Asia, how will Sea Limited expand its footprint globally?
  • Diverse Operations: Managing e-commerce, gaming, and fintech under one umbrella can pose operational challenges.
  • Regulatory Environment: Different countries in Southeast Asia have varied regulations, especially for fintech.

4. Shopify Inc. (NYSE: SHOP)

Shopify started as a platform to help businesses set up online stores. Today, it's a comprehensive e-commerce solution that helps businesses manage everything from product listings to payments. Their payment solution, Shopify Payments, simplifies transactions for both businesses and consumers.

What Makes Shopify Special:

  • User-Friendly: Makes setting up an online app store a breeze.
  • Integrated Payments: Shopify Payments is seamlessly integrated, making transactions smooth.
  • Global Reach: Powers over a million businesses in more than 175 countries.

Some considerations

  • E-commerce Competition: Giants like Amazon pose significant competition in the e-commerce space.
  • Payment Landscape Evolution: The digital payment landscape is rapidly evolving. How will Shopify Payments adapt?
  • Merchant Reliance: Shopify's success is tied to the success of its merchants. Economic downturns affecting small businesses can impact Shopify.

5. Fiserv, Inc. (NASDAQ: FISV)

Fiserv stands as a testament to how traditional financial services can evolve in the digital age. With roots dating back to the 1980s, Fiserv today offers a plethora of digital solutions, from payment processing to risk management, serving millions of clients globally.

What Makes Fiserv Special:

  • Legacy and Innovation: Combines decades of experience with cutting-edge solutions.
  • Global Client Base: Services clients in over 100 countries.
  • Comprehensive Solutions: Offers a wide range of financial services under one roof.

Some considerations

  • Legacy System Integration: As a company with roots in the 1980s, integrating new tech with legacy systems can be challenging.
  • Digital Evolution: The financial services sector is rapidly digitizing. How will Fiserv stay ahead of the curve?
  • Client Diversification: Ensuring a diverse client base can mitigate risks associated with economic downturns in specific sectors or regions.

6. Alphabet Inc. (NASDAQ: GOOGL)

While Alphabet, Google's parent company, is synonymous with search and innovation, its strides in the fintech space are noteworthy. Google Pay, its digital wallet service, has made it easier for users worldwide to store cards and make payments without ever reaching for their wallet.

What Makes Alphabet Special as the Best Cash App Stocks:

  • Tech Giant: Has the resources and expertise to innovate continuously.
  • Google Pay: Offers a seamless and secure payment experience across devices.
  • Global Integration: Google Pay is integrated into a myriad of services and apps, from the Play Store to YouTube.

Some considerations

  • Data Privacy Concerns: Google has faced scrutiny over data privacy. How will this impact Google Pay's adoption?
  • Diversification: While Google Pay is growing, Alphabet's primary revenue source remains advertising.
  • Global Competition: Digital wallets are popular globally, with strong regional players. How will Google Pay differentiate itself?

Key Takeaway: 

When investing through Cash App, consider tech titans like Apple and Shopify for their strong earnings growth and industry leadership. Diversify your portfolio with top stocks from various sectors to balance risk and potential growth. Don't forget that variety is the spice of investment life.

Safety Measures in Place for Stock Trading on Cash App

Safety Measures in Place for Stock Trading on Cash App

When it comes to cash app investing, safety is a top priority. To protect your funds and sensitive data, Cash App has put in place numerous safeguards. Thankfully, Cash App has got you covered with multiple layers of security measures.

The first layer? Data encryption. In the digital world, data encryption is like an invisible shield that protects sensitive data from prying eyes during transmission.

Data Encryption: The Invisible Shield of Cash App

Cash app uses industry-standard 128-bit or higher encryption for its network communications – pretty solid stuff. Plus, they've thrown Secure Socket Layer (SSL) technology into the mix as well; this creates an encrypted link between web servers and browsers, ensuring private transactions remain just that – private.

But wait, there's more. With PIN entry requirements and Touch ID verification features available on mobile devices using cash app services ensures even if someone gets hold of your device physically, unauthorized access can be prevented effectively.

PINs & Biometrics

Block Inc., the company behind Cash App, provides robust technological safeguards, including two-factor authentication (2FA) for enhanced user protection during stock trading.

2FA requires an additional code sent via SMS or email upon logging in from a new device or after clearing cookies. This ensures high security for all transactions, allowing users to trade with confidence and peace of mind regarding safety.

Double-Checking Your Identity With Two-Factor Authentication (2FA)

Block Inc., the parent company behind Cash App, offers the two-factor authentication (2FA) option to further bolster user protection during stock trading. This system requires double verification every time a login occurs from a new device or after clearing cookies from a known one. 

Beyond the standard username-password combination, an additional verification code, typically sent via SMS or email, is required. This ensures that the person logging in is genuinely authorized.

Continuous Monitoring & Alerts

To add another layer of security, Cash App has systems in place for continuous monitoring of account activities. Any suspicious or unusual activity triggers instant alerts, notifying users in real time. This proactive approach ensures that any potential threats are identified and addressed promptly.

Secure Cloud Infrastructure

Cash App's backend infrastructure is hosted on secure cloud platforms, which are fortified with advanced firewalls and intrusion detection systems. This ensures that all data, including transaction histories and personal details, are stored in a highly secure environment, shielded from external threats.

Dive into secure stock trading with Cash App. With data encryption, SSL tech, PIN entry requirements and 2FA in place, your investments are safe. Sleep easy knowing Block Inc.'s got you covered. #CashAppInvesting #SecureTrading

Magnifi vs. Cash App Investing

Pitting Magnifi against cash app investing presents interesting insights about how different these two platforms actually are despite offering similar services at face value.

Magnifi stands out by providing thematic portfolios which allow investors not only to invest in individual stocks but also in themes aligning closely with personal values or interests.

Cash App, however, excels in its simplicity, avoiding complex jargon, thereby appealing largely towards novice investors seeking straightforward buying/selling procedures without added complications.

In essence, choosing online brokers isn't a one-size-fits-all affair; rather depends greatly upon investor/trader type identification along with specific requirements/preferences within the financial markets realm.

The Process of Buying Stocks on Cash App

Entering the world of cash app stocks can seem a bit daunting, but don't fret. Getting started is not difficult at all.

Here are some steps to guide you through buying your first stock using this handy digital wallet and investment platform.

Filling Up Your Wallet

Your journey begins with adding funds to your cash app balance. This is as easy as transferring money from your bank account or receiving payments from other users via the Cash App itself.

If traditional banking methods aren't accessible to you at any point in time, cash loans, offered directly by the application, might be an alternative solution. However, do keep in mind that these come along with additional fees and interest rates.

Picking Out Your Stocks

Once there's enough dough in your digital wallet, head over to the investing tab within Cash App, where all top stocks are listed along with their current prices and market cap information. You have complete freedom here – search for specific companies using their ticker symbols if they're not immediately visible under popular choices provided by Cash App itself.

Cash Apps offers detailed analytics about each company, including its earnings growth history and recent news articles related – providing investors ample data points before making decisions about buying certain shares.

Making The Purchase

Enter the desired amount of money or number of shares, then click 'Buy' to purchase a share. Remember, though, that some high-value stocks may only offer fractional shares at lower price points due to the limited availability of full-priced ones. So always check this beforehand to avoid surprises later down the line.

Tip: Track Your Cash App Stocks with Wisesheets

Wisesheets, when paired with Google Sheets, becomes a formidable tool for tracking and analyzing stock data. Here's a detailed walkthrough on how you can utilize Wisesheets to oversee your investments in Apple Inc.:

  1. Initiating Wisesheets in Google Sheets:
    • Begin by integrating Wisesheets with your Google Sheets application.
    • Once integrated, a plethora of stock data retrieval and analysis functions become available at your disposal.
  2. Extracting Financial Statements:
    • With Wisesheets' 'Statement Dump' feature, you can effortlessly pull detailed financials of Apple Inc. This includes their income statements, balance sheets, and more.
    • Opt for the 'Statement Dump' choice and input Apple's ticker to extract a wealth of data spanning up to 19 years.
Excel stock add-in
  1. Pulling Specific Financial Metrics:
    • The WISE function in Wisesheets is designed to fetch particular financial data points for Apple Inc.
    • For instance, to ascertain the Return on Equity (ROE) for Apple over the past twelve months, the function would be: =WISE("AAPL","ROE","TTM").
excel stock financials
  1. Gathering Live and Past Stock Prices:
    • The WISEPRICE function facilitates the retrieval of real-time stock data.
    • To determine the current stock price for Apple, the function is: =WISEPRICE("AAPL","Price").
    • For historical data, specify the desired date range. For instance, to fetch the closing price from February 1, 2022, to February 28, 2022, the function becomes: =WISEPRICE("AAPL", "Close",,"02/01/2022", "02/28/2022").
  1. Assessing Dividend Data:
    • If Apple disburses dividends, Wisesheets can be employed to monitor this data. For instance, to obtain dividend information, the function is =WISEPRICE("AAPL", "Dividend").
Dividend yield Google Sheets
  1. Utilizing Ready-Made Templates:
    • Wisesheets offers ready-to-use stock analysis templates. These can be employed for a deeper dive into Apple's financials. Navigate to the 'Wise Templates' section within the add-on to access and personalize these templates.
Stock financials excel

Wisesheets is not just a tool; it's a comprehensive solution designed to make stock analysis more efficient, insightful, and user-friendly. By integrating Wisesheets into your stock analysis process, you're equipping yourself with a powerful tool that can give you a competitive edge in the world of stock investing.

Key Takeaway: 

Getting into cash app stocks is less daunting than it seems. Begin by filling your digital wallet with funds, then choose your preferred stocks from the list provided in the investing tab. Before buying shares, check for the availability of full-priced or fractional ones to avoid any unexpected surprises.

Smart Investing Tips with Cash App

  1. Understand Risk Tolerance: Before diving into investments, grasp your risk tolerance. This will guide your decision-making, ensuring you're comfortable with the potential outcomes.
  2. Master the Timing: It's not just about choosing the right stocks but also about knowing when to buy or sell. Pay close attention to company performance and market trends to make timely decisions.
  3. Be Cautious with Penny Stocks: While they offer high potential rewards, penny stocks come with significant risks. Before trading them, conduct in-depth research to mitigate unnecessary losses.
  4. Stay Updated with Financial News: Events like earnings reports or major industry shifts can drastically affect stock prices. Being informed helps you anticipate market movements.
  5. Diversify Your Portfolio: Relying on a single asset class can be risky. Spread your investments across sectors like tech, finance, and innovative platforms. This way, if one segment underperforms, others might balance out potential losses.
  6. Align with Long-Term Goals: Ensure your investment choices reflect your long-term aspirations and match your risk profile. Regularly review and adjust your portfolio as needed.

Remember, successful investing isn't about having a secret formula but about making informed, strategic decisions.

Key Takeaway: 

Investing smartly with Cash App involves understanding risk tolerance, timing purchases and sales of stocks for maximum profit, and diversifying your portfolio across different sectors. Regular monitoring, thorough research on penny stocks, and staying updated with financial news can also help optimize returns.

Ready to Invest? Stay Informed with Wisesheets.

Navigating the world of stock investing becomes increasingly convenient with platforms like Cash App, offering access to promising stocks such as Apple Inc., NVIDIA Inc., and Shopify Inc. Security on Cash App ensures peace of mind while trading. While alternatives like IBKR Stocks and TD Ameritrade have their merits, it's essential to evaluate each based on its pros and cons.

For a truly informed investing approach, Wisesheets emerges as a game-changer. This Excel add-on designed for investors provides seamless access to on-demand financial statements, eliminating tedious manual uploads. 

Try it for free today.

Disclaimer: This content is for informational purposes only and not intended as investment advice. Wisesheets assumes no liability for decisions made based on this information. Always consult with a financial professional before making investment decisions.

FAQs

Is Cash App good for buying stocks?

Cash App is a viable platform for buying stocks, especially for beginners. It offers commission-free trades and allows fractional share purchases.

How do I get money off my Cash App stock?

You can sell your shares on the app, and once sold, the funds are available to transfer back into your bank account or keep in your cash balance.

What broker does Cash App use for stocks?

Cash App uses DriveWealth LLC as its brokerage service provider, which enables users to trade U.S listed securities, including ETFs and stocks.

Guillermo Valles

Guillermo Valles

Hello! I'm a finance enthusiast who fell in love with the world of finance at 15, devouring Warren Buffet's books and streaming Berkshire Hathaway meetings like a true fan.

I started my career in the industry at one of Canada's largest REITs, where I honed my skills analyzing deals and learning the ropes.

My passion led me to the stock market, but I quickly found myself spending more time gathering data than analyzing companies. That's when my team and I created Wisesheets, a tool designed to automate the stock data gathering process, with the ultimate goal of helping anyone quickly find good investment opportunities.

Today, I juggle improving Wisesheets and tending to my stock portfolio, which I like to think of as a garden of assets and dividends. My journey from a finance-loving teenager to a tech entrepreneur has been a thrilling ride, full of surprises and lessons.

I'm excited for what's next and look forward to sharing my passion for finance and investing with others!

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