Still pretty nebulous - flat rate $1 a month for the service?, min $5 investment and an expense ratio of o.25 after you invested 5K
No fees for trading, but there might be a high expense rate on the ETF itself?
No info yet as to which states in the US they will be allowed to operate in.
Wondering whether it is really any different from Robinhood? Robinhood sounds like fun too, but recently had some negative reports since it no longer works with Mint among other things.
It has possibilities, since apps like Acorn and Robinhood have already become an accepted player in the roboadvisor field.
The only thing that truly concerns me is how will they make it a success in the recent flat and downward trend for investing in general? Hmm on second thought, that can't be it from their viewpoint - they may simply be looking to make money via the $1 or whatever min subscription fee or minimum required investment of $5/$20 a month?
@sheepstache - sure - I'll play guinea pig and I did sign up under your referral link. It's always exciting to be the first:)
Here is my referral link:
http://www.stashinvest.com/?kid=6S5VS - the start up is in Manhattan, that fact alone is encouraging:)