Beginner investor holding coffee and taking notes
Beginner investor holding coffee and taking notes
Beginner investor holding coffee and taking notes

An Easy Way to Stick with Your New Year’s Resolutions

It’s that time of year again. Time to start thinking about New Year’s Resolutions. Time to determine all the things we will commit to or deprive ourselves of on a daily basis for the next 365! All in the noble pursuit of self-improvement!

Ditch daily habits for one-and-done resolutions

It’s that time of year again. Time to start thinking about New Year’s Resolutions. Time to determine all the things we will commit to or deprive ourselves of on a daily basis for the next 365! All in the noble pursuit of self-improvement!

And boy, can that be daunting. If lucky, our journaling, cold showers, and mediation practices will last until February. But what about the resolutions that don’t require such heroic levels of dedication? What about the successful habits that can be done once and still adhered to throughout the year? Automated investing is one of them. Imagine signing up for a gym membership and completing your workouts as effortlessly as your monthly fee is deducted from your bank account. That’s automated investing in 2023. So, if your goal for the New Year is to start investing and working toward your long-term financial goals, opening an automated investing account might be the resolution for you.

What’s Automated Investing?

Automated investing, also referred to as using a Robo-advisor or Robo-app, is an easy way to manage your investments. Once you set up your account and determine how you want your funds allocated, the system automatically buys and sells securities based on pre-determined parameters. This means you don’t have to worry about making adjustments yourself all the time – the automated system does this for you! Based on the client’s approved portfolio, the Robo-advisor’s algorithm determines where to invest funds, how much to invest in each asset class, and when to rebalance portfolios based on client input regarding investment goals and risk tolerance.

What are the Advantages?

Automating your investing strategy can save you time and money in the long run through generally lower fees associated with automated services versus those charged by traditional financial advisors. Robo-advisors can provide access to lower-cost investments such as ETFs (Exchange Traded Funds), which often have a much lower expense ratio than mutual funds or other traditional investments. Additionally, automation eliminates emotion from decision-making – which can be beneficial if you tend to overreact when markets are volatile and can also keep your account tailored to your needs and investment goals. Automated investing offers advantages beyond cost savings or convenience. It can help individuals diversify their portfolios more efficiently, thanks to something called fractional share trading (when investors can buy fractions of securities when the price of a whole security is too high for the amount to be invested).

How To Get Started?

If you want to get started with automated investing, the first step is choosing a platform that meets your needs. There are plenty of options out there, so make sure to do some research before committing to one. After selecting a platform, decide how much money you would like to invest and how frequently (e.g., monthly or bi-weekly). Once these steps are complete, sit back and let automation take care of the rest!

Cross this Resolution Off Your List in the Next 10 Minutes

Automating your investment strategy offers many benefits, including saving time and money while simultaneously providing a personalized approach tailored toward individual objectives. It’s simply an easy way to take care of your investments without doing a lot of extra work throughout the year and without requiring previous investment experience. By using a Robo app such as Beanstox, you can take advantage of all the features discussed! With automated investing becoming more popular every day, it’s no surprise why so many investors are turning towards this type of service for their personal investment needs. If the typical New Year’s resolutions seem too daunting this year, consider setting up an automated investment account instead. It could be just what you need for a successful 2023!

Get Started With Beanstox

Set yourself up for a better future, with the freedom and security that come from having a growing portfolio. Download Beanstox and set up your automated recurring deposits today!

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Woman saving money with Kevin O'leary lesson

Next time you’re about to make an impulsive purchase, think about the long-term benefits of investing that money instead. The power to transform your financial future lies in your hands, and Beanstox is here to help you along the way.

Woman saving money with Kevin O'leary lesson

Next time you’re about to make an impulsive purchase, think about the long-term benefits of investing that money instead. The power to transform your financial future lies in your hands, and Beanstox is here to help you along the way.

Woman saving money with Kevin O'leary lesson

Next time you’re about to make an impulsive purchase, think about the long-term benefits of investing that money instead. The power to transform your financial future lies in your hands, and Beanstox is here to help you along the way.

When the stock market drops by 10% or more, it's natural to feel worried. However, instead of selling your investments, there are good reasons to consider buying more.

When the stock market drops by 10% or more, it's natural to feel worried. However, instead of selling your investments, there are good reasons to consider buying more.

When the stock market drops by 10% or more, it's natural to feel worried. However, instead of selling your investments, there are good reasons to consider buying more.

Unless indicated differently, data is as of 06/30/2024.


*Disclosures

1. Pricing: Free with Beanstox Simple. Learn About Pricing.

2. Power Savings: As of June 30, 2024, traditional US Savings Account Rate: 0.45% (YCharts); T-Bill yield: 5.20% (YCharts); 5% based on the 30-day SEC yield of the Beanstox short-duration bond portfolio ETF constituents; the 30-day SEC yield is a standard metric defined by the U.S. Securities and Exchange Commission (SEC) and reflects the dividends and interest earned during the period after the deduction of the ETF’s expenses. There are no assurances that this yield will be sustainable in the future. This product invests in one or more ETFs. Results may vary due to expenses and other factors. T-Bill yield as of 06/30/2024 is 5.20%. Source YCharts.

3. Stocks 500: Where applicable, as of June 30, 2024, S&P 500 return assumes an initial $1,000 investment, 40-year annualized return of 11% (Source: Bloomberg Finance LP). It is not possible to invest directly in an index. This product invests in an ETF aiming to track the S&P 500’s performance. Results may vary due to expenses and other factors. Returns before ETF fees. Diversification is not a guarantee of profit or protection against loss.

4. Wealth Builder: Saving $400/month over 40 years, but not investing and assuming no interest accrual, would accumulate $192,000; however, investing the same $400/month, could add up to over $1million over the same period of time. This projection illustrates a hypothetical example of compounding over time, based on an investment of $400 per month for 40 years with an assumed annualized returns of 7% or more, compounded monthly, assuming the funds stay invested throughout the investment period.

5. All corporate logos are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

6. App store rating is as of June 30, 2024, and is based upon all ratings and reviews received by Apple App Store and Google Play Store (collectively, the “App Stores”) submitted since the Beanstox app was available on each App Store. Current rating can be found on Beanstox’s app preview in each App Store and is subject to change. App Store rating is generally calculated and generated by each App Stores based on the average of all total Beanstox app ratings. No compensation was exchanged for reviews or ratings. Rating may not be representative of the Beanstox client experience, advisory services, or investment performance. For more information, see more reviews at the App Store and Google Play Store

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.

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.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2024 Beanstox Inc.


Copyright © 2024 Beanstox. All Rights Reserved

Unless indicated differently, data is as of 06/30/2024.


*Disclosures

1. Pricing: Free with Beanstox Simple. Learn About Pricing.

2. Power Savings: As of June 30, 2024, traditional US Savings Account Rate: 0.45% (YCharts); T-Bill yield: 5.20% (YCharts); 5% based on the 30-day SEC yield of the Beanstox short-duration bond portfolio ETF constituents; the 30-day SEC yield is a standard metric defined by the U.S. Securities and Exchange Commission (SEC) and reflects the dividends and interest earned during the period after the deduction of the ETF’s expenses. There are no assurances that this yield will be sustainable in the future. This product invests in one or more ETFs. Results may vary due to expenses and other factors. T-Bill yield as of 06/30/2024 is 5.20%. Source YCharts.

3. Stocks 500: Where applicable, as of June 30, 2024, S&P 500 return assumes an initial $1,000 investment, 40-year annualized return of 11% (Source: Bloomberg Finance LP). It is not possible to invest directly in an index. This product invests in an ETF aiming to track the S&P 500’s performance. Results may vary due to expenses and other factors. Returns before ETF fees. Diversification is not a guarantee of profit or protection against loss.

4. Wealth Builder: Saving $400/month over 40 years, but not investing and assuming no interest accrual, would accumulate $192,000; however, investing the same $400/month, could add up to over $1million over the same period of time. This projection illustrates a hypothetical example of compounding over time, based on an investment of $400 per month for 40 years with an assumed annualized returns of 7% or more, compounded monthly, assuming the funds stay invested throughout the investment period.

5. All corporate logos are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

6. App store rating is as of June 30, 2024, and is based upon all ratings and reviews received by Apple App Store and Google Play Store (collectively, the “App Stores”) submitted since the Beanstox app was available on each App Store. Current rating can be found on Beanstox’s app preview in each App Store and is subject to change. App Store rating is generally calculated and generated by each App Stores based on the average of all total Beanstox app ratings. No compensation was exchanged for reviews or ratings. Rating may not be representative of the Beanstox client experience, advisory services, or investment performance. For more information, see more reviews at the App Store and Google Play Store

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.

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.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2024 Beanstox Inc.


Copyright © 2024 Beanstox. All Rights Reserved

Unless indicated differently, data is as of 06/30/2024.


*Disclosures

1. Pricing: Free with Beanstox Simple. Learn About Pricing.

2. Power Savings: As of June 30, 2024, traditional US Savings Account Rate: 0.45% (YCharts); T-Bill yield: 5.20% (YCharts); 5% based on the 30-day SEC yield of the Beanstox short-duration bond portfolio ETF constituents; the 30-day SEC yield is a standard metric defined by the U.S. Securities and Exchange Commission (SEC) and reflects the dividends and interest earned during the period after the deduction of the ETF’s expenses. There are no assurances that this yield will be sustainable in the future. This product invests in one or more ETFs. Results may vary due to expenses and other factors. T-Bill yield as of 06/30/2024 is 5.20%. Source YCharts.

3. Stocks 500: Where applicable, as of June 30, 2024, S&P 500 return assumes an initial $1,000 investment, 40-year annualized return of 11% (Source: Bloomberg Finance LP). It is not possible to invest directly in an index. This product invests in an ETF aiming to track the S&P 500’s performance. Results may vary due to expenses and other factors. Returns before ETF fees. Diversification is not a guarantee of profit or protection against loss.

4. Wealth Builder: Saving $400/month over 40 years, but not investing and assuming no interest accrual, would accumulate $192,000; however, investing the same $400/month, could add up to over $1million over the same period of time. This projection illustrates a hypothetical example of compounding over time, based on an investment of $400 per month for 40 years with an assumed annualized returns of 7% or more, compounded monthly, assuming the funds stay invested throughout the investment period.

5. All corporate logos are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.

6. App store rating is as of June 30, 2024, and is based upon all ratings and reviews received by Apple App Store and Google Play Store (collectively, the “App Stores”) submitted since the Beanstox app was available on each App Store. Current rating can be found on Beanstox’s app preview in each App Store and is subject to change. App Store rating is generally calculated and generated by each App Stores based on the average of all total Beanstox app ratings. No compensation was exchanged for reviews or ratings. Rating may not be representative of the Beanstox client experience, advisory services, or investment performance. For more information, see more reviews at the App Store and Google Play Store

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.

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.

Our site uses cookies and other similar technologies so that we can remember you and understand how you and other visitors use our site. Please see Beanstox Privacy Policy for more information.

© 2024 Beanstox Inc.


Copyright © 2024 Beanstox. All Rights Reserved