More Money, More Opportunities
Compound Banc is an app aiming to make investing accessible to everyone by offering real estate bonds with a fixed 7% APY, starting with just a $10 investment. Unlike traditional stock or crypto markets, Compound Banc invests in stable real assets, and offers features like automated savings and round-up investing, with no fees and flexible withdrawal options.
Public is a popular, commission-free investing app focused on community and accessibility for beginner investors. It allows trading of fractional shares, ETFs, cryptocurrencies, NFTs, and alternative assets, with a minimum investment of $0. Key features include educational resources, a social media-style feed for sharing investment ideas, and the option to upgrade to Public Premium for advanced insights. Public now offers Traditional and Roth IRAs, margin investing, index options, and a high-yield cash account with a 4
Fundrise is a crowdfunding platform that allows investors to access private markets, like real estate, venture capital, and private credit, with as little as $10. Instead of buying individual properties, investors purchase shares in funds that own or finance a variety of assets, earning profits through rental income, mortgage payments, or property appreciation. A key benefit is its accessibility – it doesn’t require accredited investor status. However, investments are illiquid, with a 1% penalty for withdrawals before five
The article cautions against becoming overly obsessed with the stock market, citing an example of someone neglecting their 401(k) to trade stocks. It then offers five safer investment alternatives: steady, long-term stock investments (like through Stash), using MoneyLion to consolidate and lower credit card debt, comparing car insurance rates with Pretected, and earning extra income by watching videos and taking surveys with InboxDollars.
Once you’ve built a $1,500 cushion, it’s time to consider longer-term financial goals. The article suggests four options: investing in multi-family real estate through CalTier (even with a small budget), comparing car insurance rates using EverQuote to potentially save money, investing in companies like Amazon and Google with Stash for as little as $1, and using AmOne to consolidate credit card debt with a lower-interest loan.
