{"id":407902,"date":"2024-09-20T05:00:00","date_gmt":"2024-09-20T09:00:00","guid":{"rendered":"https:\/\/milesopedia.com\/?p=407902"},"modified":"2024-09-20T09:02:06","modified_gmt":"2024-09-20T13:02:06","slug":"review-application-blossom-social","status":"publish","type":"post","link":"https:\/\/milesopedia.com\/en\/personal-finance\/investing\/review-application-blossom-social\/","title":{"rendered":"Blossom Social: Our Review of the Social Network for Investors"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text css=””]<\/p>\n

You’ve just opened your online brokerage account<\/a> and you’re ready to invest. But you’re not sure where to start. Which investment account should you open? Which exchange-traded fund<\/a> (ETF) or individual stock should you choose? You don’t have any friends or colleagues who are interested in investing in the stock market. So where do you turn? That’s the problem solved by Blossom, a new social investment app with over 150,000 users. In this review, we explain what Blossom Social<\/strong> is, the features it offers and its pros and cons.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”what_is_blossom_social_” text=”What is Blossom Social?” css=””][vc_column_text css=””]<\/p>\n

Blossom Social Investing<\/a> is a Vancouver, Canada-based technology start-up focused on social investing. With over 150,000 users, it caters to independent investors in Canada and the United States.<\/p>\n

[\/vc_column_text][vc_single_image image=”407685″ img_size=”large” alignment=”center” style=”vc_box_rounded” css=””][vc_column_text css=””]<\/p>\n

The concept behind this investment app is very interesting. Instead of following finance influencers (“finfluencers”) on Reddit, YouTube or X, Blossom Social<\/strong> focuses solely on finance. Based on transparency, you can see users’ verified investment accounts and trades, which are shared openly. In fact, you can see the portfolios of your friends and the influencers you follow.<\/p>\n

Plus, you can communicate and exchange investment ideas with other users, and deepen your investment knowledge.<\/p>\n

[\/vc_column_text][vc_message css=””]<\/p>\n

Don’t rely on other people’s portfolios and trades. Be sure to do your own research before trading.<\/p>\n

[\/vc_message][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”how_do_i_use_the_blossom_social_app_” text=”How Do I Use the Blossom Social App?” css=””][vc_column_text css=””]<\/p>\n

First, you need to download Blossom Social<\/strong> from the App Store<\/a> or Google Play<\/a>. Unfortunately, there is no web version, and the application is only available in English. Once you’ve installed the app, you’ll need to create your free account by providing your personal details.<\/p>\n

Then, you can connect your online brokerage account such as Wealthsimple Trade<\/a> and Questrade<\/a> for Canadian users, or Robinhood, Vanguard and E*Trade for American users. If need be, you can enter your investments manually (for example, if your online brokerage platform is not yet supported by Blossom).<\/p>\n

Then, you can read and participate in discussions about investment strategies and individual stocks or exchange-traded funds<\/a> (ETFs). You can also follow financial news and view the investment portfolios and transactions of your friends and popular financial content creators.<\/p>\n

[\/vc_column_text][vc_message css=””]<\/p>\n

Blossom Social is not a trading platform. You must open an online brokerage account if you wish to trade stocks or ETFs.<\/p>\n

[\/vc_message][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading el_id=”key_features_of_blossom_social” text=”Key Features of Blossom Social” css=””][vc_column_text css=”” el_class=”checkmarks”]<\/p>\n

The main features of Blossom Social<\/strong> are:<\/p>\n