{"id":92530,"date":"2019-07-18T18:00:08","date_gmt":"2019-07-19T00:00:08","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=92530"},"modified":"2024-02-24T12:57:40","modified_gmt":"2024-02-24T19:57:40","slug":"millennial-friendly-invesments","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/millennial-friendly-invesments","title":{"rendered":"4 Millennial-Friendly Ways to Invest from Your Smartphone (for $100 or Less)"},"content":{"rendered":"

According to a Harris study last year, 80% of Millennials don\u2019t invest<\/a> in the stock market. Why? Over a third said they don\u2019t know how, some say it\u2019s for \u201cold white men,\u201d and almost half said they didn\u2019t have enough money.<\/p>\n

It’s a sentiment echoed for commercial real estate<\/a> as well.<\/p>\n

There\u2019s also a demographic gap, Douglas Boneparth, a New York City-based financial planner, told CNBC. “The average age of a financial advisor is 55,” he said. “There are more financial advisors over the age of 70 than there are under 30.”<\/p>\n

Despite these beliefs, it\u2019s actually easier than ever to get involved with investing, whether it’s companies or commercial real estate through REITs (real estate investment trusts).<\/p>\n

Here are four Millennial-friendly options that can get you started on your smartphone, for $100 or less.<\/p>\n

4 Millennial-Friendly Ways to Invest from Your Smartphone<\/h2>\n
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1. Stash<\/h3>\n

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Stash is another app that directly targets Millennials with low minimums and easy navigation. You simple choose a portfolio according to your interests.<\/p>\n

(As an interesting aside, news recently hit that the app raised $40 million, per Reuters.)<\/p>\n

While Robinh<\/span>ood (discussed below) lets you pick and choose the actual company you want to invest in, Stash functions more like an ETF or mutual fund.<\/p>\n

“Starting with as little as $5, users can pick from a batch of over 30 exchange-traded-funds curated by the company’s investment team.\u201d<\/p>\n

As of today, Stash services 850,000 accounts, with half a million investors joining the platform since January. And get this: Nearly 90% percent of its users are first-time investors, according to Stash.<\/p>\n

“We help people who don’t have a lot save money on a weekly basis,” CEO and co-founder Brandon Krieg said in an interview. “Stashers look like America, they look like people you meet every day: they are nurses and teachers and Uber and Lyft drivers.”<\/p>\n

Only downside here is that if you don’t add to your $5, fees will wipe out your account pretty quickly. So make sure you add as you go or sign up for the automatic saving option.<\/p>\n