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Micro-investing
Micro-investing is a type of investment strategy that allows individuals to invest small amounts of money regularly over time. Background Micro-investing is designed to make investing more accessible and affordable, especially for those who may not have a lot of money to invest or who are new to investing. The idea of micro-investing has been popularized and made more accessible through the rise of financial technology ( fintech) companies such as Stash, Robinhood and Acorns. These companies have made it possible for individuals to invest even small amounts of money regularly. The goal of the technology is to help people invest small amounts of money easily, regularly, and affordably with the intent of democratizing access to financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stash (company)
Stash Financial, Inc., or simply Stash, is an American financial technology and financial services company based in New York, NY. The company operates both a web platform and mobile apps, allowing users to incrementally invest small amounts, commonly known as micro-investing. It also provides robo advice. By summer 2017, it had approximately 1 million users. As of July 2020, the number has grown to over 5 million. History and services Stash was founded in February 2015 by Brandon Krieg, David Ronick, and Ed Robinson. It was launched on the iOS App Store in October 2015 and was made available on Android in March 2016. In February 2018, the firm raised $37.5 million in a Series D funding in a round led by Union Square Ventures. In April 2020, it raised another $112 million in a Series F funding in a round led by LendingTree. Reception In February 2018, CNBC praised the app's automation and ease-of-use. Products and services Stash offers retirement, banking, individua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acorns (company)
Acorns is an American financial technology and financial services company based in Irvine, California that specializes in micro-investing and robo advice. According to Fortune's ''Impact 20'' list for the year 2020, Acorns had 8.2 million customers and $3 billion in assets under management. History The company was launched in 2012 by father and son duo Walter Wemple Cruttenden III and Jeffrey James Cruttenden to promote incremental and passive investing. It launched in 2014 with an app for iOS and Android devices. The portfolio options a user can select from were designed in partnership with paid advisor Harry Markowitz, a Nobel laureate. Since its inception, the platform has expanded to include checking account services and retirement IRA products. This was made possible following an acquisition of Portland, Oregon fintech retirement startup, Vault. In 2018, behavioral economist Shlomo Benartzi was appointed chair of a behavioral economics committee at Acorns, working on a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Strategy
In finance, an investment strategy is a set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio. Individuals have different profit objectives, and their individual skills make different tactics and strategies appropriate. Some choices involve a tradeoff between risk and return. Most investors fall somewhere in between, accepting some risk for the expectation of higher returns. Investors frequently pick investments to hedge themselves against inflation. During periods of high inflation investments such as shares tend to perform less well in real terms. Time horizon of investments. Investments such as shares should be invested into with the time frame of a minimum of 5 years in mind. It is recommended in finance a minimum of 6 months to 12 months expenses in a rainy-day current account, giving instant access before investing in riskier investments than an instant access account. It is also recommended no more than 90% of your money i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fintech
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intellige ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robinhood Markets
Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies as well as individual retirement accounts via a mobile app introduced in March 2015. Robinhood is a FINRA-regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation. The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders (a practice for which the SEC opened an investigation into the company in September 2020) and margin lending. , Robinhood had 22.8 million funded accounts and 15.9 million monthly active users. In April 2022, Robinhood rolled out a cryptocurrency wallet to more than 2 million users. History Robinhood was founded in April 2013 by Vladimir Tenev and Baiju Bhatt, who had previous ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Management
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts or, more commonly, via collective investment schemes like mutual funds, exchange-traded funds, or REITs. The term asset management is often used to refer to the management of investment funds, while the more generic term fund management may refer to all forms of institutional investment, as well as investment management for private investors. Investment managers who specialize in ''advisory'' or ''discretionary'' management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management within the context of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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