Connect with us

Money Saving

The 13 Best Money-Making Apps of 2021

Published

on



11. Stash: Spend $1 to Own a Piece of Amazon, Google or Other Companies

Take a look at the Forbes Richest People list, and you’ll notice almost all the billionaires have one thing in common — they own another company. 

But if you work for a living and don’t happen to have millions of dollars lying around, that can sound totally out of reach.

But with an app called Stash, it doesn’t have to be. It lets you be a part of something that’s normally exclusive to the richest of the rich — on Stash you can buy pieces of other companies for as little as $1.

That’s right — you can invest in pieces of well-known companies, such as Amazon, Google, Apple and more1 for as little as $1 through a Personal Portfolio2. The best part? If these companies profit, so can you. Some companies even send you a check every quarter for your share of the profits, called dividends.3 

And for investors who want to be more hands-off — or just don’t know where to start — there’s an option to have Stash create and manage a personalized portfolio for you. It’s called Smart Portfolio4, and it aims to diversify your investments based on your risk profile, then automatically updates your investments to keep you on track. 

It takes two minutes to sign up, and your investments are protected. With Stash, investments are held by their custodian, Apex Clearing Corporation, which is a third-party, SEC-registered broker-dealer and a member of the Securities Investor Protection Corporation (SIPC) — that’s industry talk for, “Your money comes with protection.”5

Plus, when you use the link above, Stash will give you a $5 sign-up bonus once you deposit $5 into your account.6

1This material is not intended as investment advice and is not meant to suggest that any securities are suitable investments for any particular investor. Investment advice is only provided to Stash customers. All investments are subject to risk and may lose value. All product and company names are trademarks ™ or registered ® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

2This type of account is a Non-Discretionary Managed Account. This includes a self-directed individual taxable brokerage account whereby Stash does not manage this account on a discretionary basis.

3Not all stocks pay out dividends, and there is no guarantee that dividends will be paid each year.

 

4This type of account is a Discretionary Managed Account. This is a taxable brokerage account that Stash has full authority to manage according to specific investment mandate. Diversification and asset allocation do not guarantee profit, nor do they eliminate the risk of loss of principal.

5To note, SIPC coverage does not insure against the potential loss of market value.

For Securities priced over $1,000, purchase of fractional shares starts at $0.05.

6Offer is subject to Promotion Terms and Conditions. To be eligible to participate in this Promotion and receive the bonus, you must successfully open an individual brokerage account in good standing, link a funding account to your Invest account AND deposit $5.00 into your Invest account.

The Penny Hoarder is a paid marketing partner of Stash. 

This information is for educational purposes only. Investment advice is only provided to Stash customers. All investments are subject to risk and may lose value



Source link