Robinhood is a different type of brokerage. The technology-driven company cuts out overhead by eliminating storefront locations and full-service features, allowing customers to manage their stock portfolios with their phones. The end result is a useful stock trading app that provides all of the basics without any costly extras. While people can trade for free […]
Both Vanguard and Fidelity are online brokers that offer their own proprietary mutual funds. Although Fidelity is known for excelling in actively-managed funds, Vanguard is better known for passive investment funds.
If you are new to investing and want automated guidance or access to financial advisors, SoFi is your best bet. If you prefer to go it alone and want to get into crypto and options trading, Robinhood is the clear winner.
In the world of robo advisors, both Betterment and SoFi Invest (formerly SoFi Wealth) are heavy hitters. Betterment has a longer track record and more features, but SoFi Invest has no fees, so deciding which is right for you may come down to your financial situation.
SoFi Invest is a great low-cost option for millennials and new investors who are getting serious about investing for the first time. If you’re looking for more advanced account offerings or certain types of accounts, however, you may need to look elsewhere.
In a survey on the heels of the Facebook-crypto news, LendEDU found that while only 7% of adult Americans have ever invested in virtual currency, 18% would be interested in investing in a cryptocurrency created by the social media giant.
According to Statista, robo-advisors are a growing trend in the wealth management space, accounting for over $980 billion in asset management as of 2019 – up from $240 billion in 2017. The same report shows that robo-users have increased by 250% in the same time frame. Today, many consumers can simply hop on the computer […]
LendEDU's newest millennial study also found that few millennials are investing outside of their retirement accounts, with only 35% of older millennials (33-38) playing the market. But, those that do still strongly prefer traditional advisors over robo-advisors.