Any amateur investors in here?
Forums › General Discussion › Any amateur investors in here?-
Any of you use Stash, Acorns, RobinHood, or Betterment?
I've been using Stash for about 7 months and I just signed up for an Acorns account. Who knew investing could be so addicting?!
I'd love to hear others thought on which app is best or what your investment strategy is.
And of course if anyone is interested in getting started with Stash or Acorns, pm me. They both have a referral program where we both get $5 to invest if you use my link. 😉
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Those apps aren’t available in uk, or I’d have taken you up on your offer.
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I use Stash, but I’m still learning myself. It’s a pretty easy way to set aside some money and it pretty much runs itself.
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sadsam wrote:
Really?! I'm surprised to hear that. But thanks anyway. 🙂Those apps aren’t available in uk, or I’d have taken you up on your offer.
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🇺🇸FlightMedic🚁 wrote:
Exactly! I love it. I actually found out about it from an ad while getting my 5 free respect points. LolI use Stash, but I’m still learning myself. It’s a pretty easy way to set aside some money and it pretty much runs itself.
As I've recently found out, acorns is even more automated. You don't even choose your stocks. They determine what type of portfolio is best for you based on a few questions and then they take whatever money you give them and automatically invest it in this portfolio they created for you. I'm starting out with $5 a week to try it out.
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Oh and for anyone who might be interested, both of these apps charge $1.00 per month until you have over $5,000 in your portfolio and then it's a certain percentage. But after a couple months on Stash I found I was earning back that dollar just in dividends that I was making. Making the return on my stocks pure profit.
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Oh and on that subject 👆 I recommend investing in Stash's "Delicious Dividends" ETF.
Alright. I'll shut up now with my fanboy talk.
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Mickey Dunn 💔 wrote:
🇺🇸FlightMedic🚁 wrote:
Exactly! I love it. I actually found out about it from an ad while getting my 5 free respect points. LolI use Stash, but I’m still learning myself. It’s a pretty easy way to set aside some money and it pretty much runs itself.
As I've recently found out, acorns is even more automated. You don't even choose your stocks. They determine what type of portfolio is best for you based on a few questions and then they take whatever money you give them and automatically invest it in this portfolio they created for you. I'm starting out with $5 a week to try it out.
I’ll check out acorns. I’ve heard of it, but never looked into it. Thanks for the info!
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Mickey Dunn 💔 wrote:
The one you didn’t mention is Wealthfront. I use Wealthfront for a Roth IRA and separate taxable account. I have heard acorns and stash do not have the same returns that Wealthfront and betterment get but I haven’t actually seen data to prove it.Any of you use Stash, Acorns, RobinHood, or Betterment?
I've been using Stash for about 7 months and I just signed up for an Acorns account. Who knew investing could be so addicting?!
I'd love to hear others thought on which app is best or what your investment strategy is.
And of course if anyone is interested in getting started with Stash or Acorns, pm me. They both have a referral program where we both get $5 to invest if you use my link. 😉
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I hadn't heard of wealthfront. Sounds like it could be something to check out when I get a little more knowledgeable.
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I lightweight mess with Robinhood. Mostly penny stocks, though.
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⇚❹☠❶☠❺⇛ wrote:
Is it any good?I lightweight mess with Robinhood. Mostly penny stocks, though.
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I use Acorns. I use it for misc things I want to buy
I bought Saba’s mom with it
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ZRAYGO wrote:
Now that is a pro tip!I use Acorns. I use it for misc things I want to buy
I bought Saba’s mom with it
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Mickey Dunn 💔 wrote:
If you are gonna do all your own investing it is good but I’d actually suggest M1 finance over Robinhood⇚❹☠❶☠❺⇛ wrote:
Is it any good?I lightweight mess with Robinhood. Mostly penny stocks, though.
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〓₩ⅈʗ₭Ë̤ᐈ EVO〓 wrote:
What's your opinion on acorns? Sounds like it might be similar to M1 in that they invest for you?Mickey Dunn 💔 wrote:
If you are gonna do all your own investing it is good but I’d actually suggest M1 finance over Robinhood⇚❹☠❶☠❺⇛ wrote:
Is it any good?I lightweight mess with Robinhood. Mostly penny stocks, though.
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I’ve used those in the past. They kind of follow the market up and down for the most part. I mostly invest using groundfloor now. I get 10% fairly safe returns just loaning money to property flippers. It’s not real diversified but 10% is nice without having to cringe every time the market gets spooked
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I use Robinhood - same referral system too - I’m down some $$ so far but I’m learning lol
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How easy is it to cash out and is there a penalty?
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★DΞICIDΞ★ wrote:
Honestly I have no idea. In almost 8 months with stash I have yet to sell any stocks.How easy is it to cash out and is there a penalty?
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How much do you really put in per week though? Is it just here and there?
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★DΞICIDΞ★ wrote:
My auto stash is set at 60 dollars a month. And that 60 dollars gets divided up between 7 different stocks and etf's that I've chosen.How much do you really put in per week though? Is it just here and there?
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YOU wrote:
But they have 2 other investment options besides auto stash. One is called roundups where every time you use your debit card it rounds your purchase up and puts that extra change into your portfolio. The other option analyzes your bank account and automatically puts extra money into your portfolio when you have extra money on hand.★DΞICIDΞ★ wrote:
My auto stash is set at 60 dollars a month. And that 60 dollars gets divided up between 7 different stocks and etf's that I've chosen.How much do you really put in per week though? Is it just here and there?
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Mickey Dunn 💔 wrote:
⇚❹☠❶☠❺⇛ wrote:
Is it any good?I lightweight mess with Robinhood. Mostly penny stocks, though.
I don’t have anything to compre it to, but you can easily add money as needed, cash out, reinvest, and buy with a click — with no huge surcharges. It definitely make investing super easy and accessible, but you obviously gotta do your own research what to buy, how much, etc. It has most major exachange stocks ranging in price from $.03 a share to hundreds of dollars a share. Can’t hurt to try it out. Buy $25 in little stocks and mess around, see if it works for you.
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℣į₭ϊ₦Ǥ👹 wrote:
No need to beat the market IMO. Read on reddit all the people retiring early just because they invested in an S&P etf or something similar. Even counting all the bad years S&P averages over 6% a year. Slow and steady wins the raceI’ve used those in the past. They kind of follow the market up and down for the most part. I mostly invest using groundfloor now. I get 10% fairly safe returns just loaning money to property flippers. It’s not real diversified but 10% is nice without having to cringe every time the market gets spooked
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I used RH for a while. Made some small money, but investing like that was way too stressful for me.
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RH was incredibly easy to use, and not a hassle at all to pull my money out from when I was dkne.
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I have a fidelity account and invest that way, so far have made about 22% over like 6 years
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Whoever's initials are B.S. - thanks for earning me $5 on Stash!
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Mickey Dunn 💔 wrote:
Keep the change, ya filthy animal.Whoever's initials are B.S. - thanks for earning me $5 on Stash!
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〓₩ⅈʗ₭Ë̤ᐈ EVO〓 wrote:
℣į₭ϊ₦Ǥ👹 wrote:
No need to beat the market IMO. Read on reddit all the people retiring early just because they invested in an S&P etf or something similar. Even counting all the bad years S&P averages over 6% a year. Slow and steady wins the raceI’ve used those in the past. They kind of follow the market up and down for the most part. I mostly invest using groundfloor now. I get 10% fairly safe returns just loaning money to property flippers. It’s not real diversified but 10% is nice without having to cringe every time the market gets spooked
Great advice...for those who have enough investment capital. But, flipping $100-300 at 6% is a long haul. Not everyone has enough investment money to go that route. If you only have a couple hundred to play with, you gotta take chances.
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