[{"@context":"http:\/\/schema.org","@type":"Article","author":{"@type":"Person","hasCredential":["https:\/\/cslainstitute.org\/","https:\/\/en.wikipedia.org\/wiki\/Certified_Public_Accountant"],"url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","spouse":"https:\/\/moneydoneright.com\/author\/caroline-allec\/","image":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2020\/01\/Logan-Allec-Money-Done-Right.jpg","name":"Logan Allec","description":"Logan Allec is a practicing Certified Public Accountant, Certified Student Loan Professional, and the founder of personal finance blog Money Done Right.  He provides a second level of review for the site\u2019s more technical articles, particularly those pertaining to taxation, credit, and student loans. He also educates thousands of people every week on The Money Done Right Show.","email":"logan.allec@moneydoneright.com","sameAs":["https:\/\/loganallec.com\/","https:\/\/twitter.com\/loganallec","https:\/\/www.facebook.com\/logan.allec","https:\/\/www.instagram.com\/loganallec\/","https:\/\/www.youtube.com\/channel\/UC3Jg7eUCBPsjX13X7kTW1hQ"],"familyName":"Allec","givenName":"Logan","birthDate":"1988-08-04","birthPlace":"https:\/\/en.wikipedia.org\/wiki\/Anaheim,_California","alumniOf":["http:\/\/www.ucla.edu\/","https:\/\/en.wikipedia.org\/wiki\/Ernst_%26_Young","https:\/\/www.usc.edu\/"],"gender":"Male","jobTitle":"Founder","nationality":"https:\/\/en.wikipedia.org\/wiki\/Americans","worksFor":{"@type":"Organization","logo":{"@type":"ImageObject","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","name":"Money Done Right Logo","height":"488","width":"60","@id":"https:\/\/moneydoneright.com\/#ImageObject"},"address":{"@type":"PostalAddress","name":"Money Done Right Address","addressCountry":"United States","addressLocality":"Valencia","addressRegion":"California","postalCode":"91354","streetAddress":"23890 Copper Hill Dr Ste 139","@id":"https:\/\/moneydoneright.com\/#PostalAddress"},"url":"https:\/\/moneydoneright.com\/","publishingPrinciples":"https:\/\/moneydoneright.com\/methodology\/","additionalType":"Blog","name":"Money Done Right","email":"support@moneydoneright.com","sameAs":["https:\/\/twitter.com\/moneydoneright","https:\/\/www.facebook.com\/moneydoneright\/","https:\/\/www.instagram.com\/moneydoneright\/","https:\/\/www.linkedin.com\/company\/money-done-right\/","https:\/\/www.pinterest.com\/moneydoneright\/","https:\/\/www.youtube.com\/c\/MoneyDoneRight"],"foundingLocation":"https:\/\/en.wikipedia.org\/wiki\/Santa_Clarita,_California","legalName":"Allec Media LLC","naics":"519130","parentOrganization":"https:\/\/moneydoneright.com\/#ParentOrganization","founder":{"@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/"},"@id":"https:\/\/moneydoneright.com\/#Organization"},"@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/"},"publisher":{"@id":"https:\/\/moneydoneright.com\/#Organization"},"mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/","datePublished":"2021-03-17","description":"Dough is an investment app founded in 2018 by Victor Jones, who was the former director of trading and operations at T.D. Ameritrade.","articleBody":"Dough is an investment app founded in 2018 by Victor Jones, who was the former director of trading and operations at T.D. Ameritrade.  In his first post on the Dough blog, Victor lays out his manifesto by pointing out the that 160 million Americans play the lottery but only 54 million invest.  He also points out that we\u2019ll spend five and a half years of our lives, on average, on social media but spend hardly any time investing for the future, and so his goal with Dough is to be the \u201ctall, good-looking, 140-plus-IQ\u201d investing app.  Jones wants to have at least one million Dough users by 2023.  So that\u2019s a lofty goal, but how does Dough measure up?  In this Dough.com review, I\u2019ll tell you how Dough works, its pros and cons, who it\u2019s good for, and who it\u2019s not good for.  Dough Review Video   Dough App Overview The Dough interface is actually pretty simple.  You can follow along starting at the 1:23 mark in my Dough Review Video.  Dough Home Screen When you open the app you are greeted by the home screen, which basically has a chart of your portfolio\u2019s performance.  Above that you see your account balance, how your account performed the previous day, and how much cash you have available to trade.  If you have any free stock rewards from referrals you\u2019ll see that underneath the chart, and then if you scroll down to the bottom of the home screen,  you\u2019ll see the stocks you\u2019ve invested in.  Note that the stocks you see in this image are not recommendations; they are simply the free stocks I have been given from Dough.  Buying a Stock in Dough To buy a stock in Dough, you click the magnifying glass in the upper right, search for a stock symbol, click it, and then at the bottom click Buy, put your limit price, the number of shares, when the order is good until (canceled or end of day), and then at the bottom of the screen you swipe right to complete your purchase.  Dough Newsfeed If you were to click the magnifying glass and not type a symbol at the top, you will see the Dough newsfeed.  This newsfeed shows you your recently-searched securities at the top, and under \u201cWhat\u2019s Moving\u201d you see stocks with big prices increases or decreases today.  There are also a lot of links to Dough\u2019s YouTube videos.  You can click one of the videos and watch it in the app.  Dough Settings If you go back to the home screen and click the hamburger menu in the upper left, you\u2019ll see the basic other functionalities in Dough.  Here\u2019s where you can transfer funds to move cash in and out of Dough.  History is just your account history.  You can see your transfers, stock purchases, and sales.  Documents is where your monthly statements, trade confirmations, and tax documents live.  Support has an FAQ as well as a support chat function.  In settings, you can change if you want it in dark mode which is the default or light mode or light mode when the market is open and dark mode when it\u2019s closed.  There are also some other options for more advanced trading features, including Dough Premium.  Dough Premium Dough Premium is basically margin trading, which basically means borrowing funds from Dough to buy even more stock than you could buy just with the cash you have.  You become eligible for this once your account balance reaches two thousand dollars or above, and at that point you have two-to-one buying power.  Margin rates range from five percent to eight percent depending on how much you borrow.  Keep in mind that investing carries inherent risks, and borrowing to invest simply amplifies those risks as well as of course your potential for reward.  Dough Pros and Cons Let\u2019s just go over some pros and cons quickly as we wrap up this Dough.com review.  Dough Pros Dough is free.  But like I mentioned above, that\u2019s pretty much standard fare these days. The interface is simple and easy-to-use.  Dough doesn\u2019t weigh you down with a ton of bells and whistles, but on the other hand some might find it too simple, as I\u2019ll discuss in the cons. Dough has no minimum balance. You get a free stock for joining.  Use my Dough free stock link to get it. Dough Cons IRAs are not supported at this time.  The only kind of account you can open at Dough is currently a taxable brokerage account. Dough has no desktop version.  I know some people they for whatever reason just like to do their investing on desktop, so if that\u2019s you, Dough may not be the app for you.  You can\u2019t even open up an account on desktop at this time. Dough offers limited market data and research tools. If you\u2019re accustomed to other platforms that have stock screeners, fund screeners, and in-the-moment stock data for your watchlist all there on your computer screen, then unfortunately you won\u2019t find that at Dough.  Part of this is due to the fact that Dough currently has no desktop version, as mentioned previously in this list. Dough Summary So at the end of the day, if you\u2019re just looking for a basic trading app \u2014 you don\u2019t need all the charts, you don\u2019t need all the bells and whistles, and you want a free stock \u2014 Dough gets the job done.  Probably the closest competitors to Dough in terms of similarities are Webull and Robinhood, and if I\u2019m being honest, Dough is simply not as robust as Webull.  And unlike both Webull and Robinhood, Dough doesn\u2019t offer desktop trading.  That said, I know there are people out there who don\u2019t like Robinhood because of recent negative publicity and there are people who kind of shy away from Webull because it has Chinese ownership.  So if you have basic trading needs and you don\u2019t want to feed the Webull and Robinhood machines \u2014 or you just want to support the little guy here \u2014 then sure, create a Dough account, get that free stock, make a deposit into Dough, and start investing.","video":"https:\/\/www.youtube.com\/watch?v=Y28NuHC1DQA","image":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Dough.com-Review-1500x370.png","headline":"Dough.com Review","name":"Dough.com Review Article","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/#Article"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Passive Income","item":"https:\/\/moneydoneright.com\/passive-income\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Stock Investing","item":"https:\/\/moneydoneright.com\/passive-income\/\/stock-investing\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"Dough.com Review: Now Defunct","item":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/dough-review\/#breadcrumbitem"}]}]