Learn how you can invest in the Beanstox business,
Alongside Kevin O’Leary, Chairman & co-owner.
by Robin Hartill, CFP® Senior Editor
“Shark Tank” star and entrepreneur Kevin O’Leary learned the value of investing early from his mother, Georgette, who invested 20% of every single paycheck from the time she was a teen working in a clothing factory. She insisted that he save 10% of the birthday checks he got from his grandmother, as well.
She invested conservatively in bonds and dividend-paying stocks. She kept the same portfolio for 55 years and never touched the principal. O’Leary was shocked to discover what a wealthy woman she was by the time she died.
But O’Leary got another shocker earlier this year during the pandemic when he realized just how little many of his employees had in savings and investments.
“The reason I learned this is because they were panicking,” he told The Penny Hoarder.
Now the man known as “Mr. Wonderful” is on a mission to teach financial literacy and the importance of investing early. He’s the chairman of an investment app called Beanstox, available in the Apple app store and Google Play store. It automatically invests you in exchange-traded funds, or ETFs, based on your investing goals. The app charges $5 a month, though if you sign up in December, you’ll get three months free.
O’Leary’s message: Find $100 a week to invest, and make it part of your DNA. By the time you’re 65, you could easily be a millionaire.
Round 1 sold out. Round 2 crowdfunding investment offering already over $1.2M.
Connor O’Brien, CEO and co-owner of Beanstox was a guest on PreMarketPrep, the Benzinga show hosted by Spencer Israel. Watch the interview here, just after the 1-hour mark.
Beanstox just launched a second crowdfunding on StartEngine, following a sold out first round that raised over $1M and closed in October 2020.
Beanstox Inc. (“Beanstox”) is an SEC registered investment adviser and has arranged for brokerage services to be provided by DriveWealth LLC., a registered broker-dealer and member of FINRA/SIPC. DriveWealth is not affiliated with Beanstox.
Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and risk tolerance levels and Beanstox’s charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations or solicitations to hold, buy or sell any investment or security of any kind. Beanstox’s internet-based advisory services are designed to assist clients in achieving investment goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Form ADV Part 2A and Part 3 CRS and other disclosures.
All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Actual returns will vary greatly and depend on personal and market conditions. Past performance does not guarantee future results. Google Play and the Google Play logo are trademarks of Google, Inc. Apple, the Apple logo, and iPhone are trademarks of Apple, Inc., registered in the U.S.
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