PERSONAL FINANCE

TOOLS & TIPS

2. SAVING & INVESTING

Key takeaways: plant seeds early, let them grow

 

-First! Meet employer match contribution to 401(k)

Anyone can grow wealth.

July 04, 2017

Acorns is modernizing the old-school practice of saving loose change, merging the robo-advisor model with an automated savings tool. The app rounds up your purchases on linked credit or debit cards, then sweeps the change into a computer-managed investment portfolio. Set up and auto-deposit of $20-50 per week.

Management fee: $1/month for accounts under $5,000; 0.25% for accounts of $5,000 or more

Account minimum: $0

Promotion: College students get up to four years free

 

Start investing with Acorns today! Get $5 when you use my invite code: https://acorns.com/invite/5AJZE2

Acorns review: NerdWallet

Track spending, save money, be financially healthy.

July 04, 2017

This is an easy way to begin investing. Stash’s goal is to help beginners learn how to invest. The app asks new account holders a few questions to determine risk tolerance and goals. It serves up a list of suggested ETFs, narrowing the options to those that make sense for the user’s financial situation.

Account fee: $1/month for accounts under $5,000; 0.25% for accounts $5,000 or more

Account minimum: $5

Promotion: Free for the first month

Here's a free $5. Try this out: 
http://get.stashinvest.com/rayven679hf

Stash Review: Nerd Wallet

Free stock trading. Stop paying up to $10 for every trade.

July 04, 2017

Robinhood is a free-trading app that’s ideal for investors who are willing to give up a full-service online trading platform in exchange for the ability to buy a wide selection of stocks and ETFs without paying commissions or fees. Robinhood offers real-time market data but little in the way of research or tools.

 

Commissions: $0

Account minimum: $0

 

Join Robinhood and we'll both get a share of stock like Apple, Ford, or Sprint for free. Make sure you use my link.
http://share.robinhood.com/rayvenm

Robinhood review: NerdWallet

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