Jul 16, 2021
How to Invest In Crypto Without Buying Bitcoin
Got a little extra dough? Don’t just let it sit there.
If you’re a saver or recently received a monetary windfall, extra cash is always welcome. What do you do next? Keep saving? Spend it all? Invest? Something else entirely? It’s tempting to let an extra $100 or even $1,000 sleep in a savings account, but there’s so much more you can do with it.
Make your money work smarter, not harder. Brighten up your finances without taking on more work or more stress. Have some extra coins to spare? Try these 5 money moves for more cash abundance.
1. Take advantage of cash back. Money back in your wallet? Music to the ears. There’s a few ways to guarantee cash back advantages each and every time you shop. Need groceries? Gas? That morning coffee run? Yep, score cash back on all of these purchases. Cash back isn’t just for big spends like airline tickets and electronics.
2. Spend $5 to invest in Netflix, Tesla, Apple, and more. It’s a complete myth that a person needs thousands of dollars in order to properly invest in major stake holding companies. In fact, anyone can own a piece of Amazon, Twitter, Facebook, or other public big name for as little as $5.1
How is that possible? Enter Stash. With this company, folks can invest with just a few bucks. Instead of spending hundreds or thousands on one single share of a company, Stash enables people to invest in fractional shares for a couple of dollars. Sounds good? It is. With just $5, investors can be on their way to owning pieces of Netflix, Tesla, Apple, and more in less than two minutes.
And it gets sweeter: if these companies make a profit, so does each and every investor. By micro-investing with extra cash, anyone can scoop up long-term wealth via dividends.2 In as little as two minutes, you can sign up for Stash and score a $5 sign-up bonus once you deposit $5 into your new account.3
3. Rethink your insurance policies. Full stop: we’re not saying to cancel insurance without a replacement. But there’s loads of companies on the market, and the market is hot. So what does that mean for new holders and prospective customers? Lots and lots of deals that include lowered rates, sign up bonuses, and extended policies.
Whether it’s home, life, car or even pet insurance, there’s always room for negotiation. It’s worth a few phone calls: an existing company might offer advantages to stay, or another entity could sway you to where the grass is greener. So, wander over to the digital marketplace for insurance companies to investigate if your current rate is solid or inflated.
4. Open secondary checking and savings accounts. Speaking of new customer perks, banks are willing to dole out incentives to get more of your money. With extra cash burning a hole in your wallet, why not stow that money away and accrue a bit of interest? New account holders often reap rewards within the first 90 or 120 days. Saving accounts tend to offer higher interest rates while checking sign ups often hand out cash bonuses for maintaining a minimum balance over time.4
5. Raise your credit score. Extra money means less debt. Use some (or all) of that cash to pay off a credit card or chip away at any lingering bills. By erasing some debt, the credit used ratio goes down and the credit score goes on the up and up.
*Brooklyn Magazine is a paid partner of Stash.
This 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.
Investment advisory services offered by Stash Investments LLC, an SEC registered investment adviser. Investing involves risk and investments may lose value.
Fractional shares start at $0.05 for investments that cost $1,000+ per share.
1 This 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.
2 Remember, not all stocks pay out dividends. And there’s no guarantee any stock will pay dividends in a quarter or year. Dividends may be subject to additional taxes, and are considered taxable income. Please refer to the IRS for additional information.
3 Offer is subject to terms & conditions. To be eligible to participate in this Promotion and receive the Bonus, you must complete the following steps: (i) successfully complete the designated registration process of opening an individual taxable brokerage account (“a Personal Portfolio”), (ii) link a funding account (e.g. an external bank account) to your Personal Portfolio, AND (iii) initiate and complete a minimum deposit of at least five dollar ($5.00) into your Personal Portfolio. In the event you only complete the designated registration process to receive the Financial Counseling Service (as defined in your Advisory Agreement), as applicable to you, or do not otherwise complete the account opening process for an individual taxable brokerage account (“Personal Portfolio”), you will not be eligible to receive the Bonus.
4 Stash does not offer an interest-bearing savings account.
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