and empower those who lack knowledge of investments and wealth management. It has lowered investing hurdles for the non-rich by enabling investors to open an investment account with as little as $5. Last year, the company expanded into banking through its partnership with Green Dot Corporation and it now offers an FDIC-insured bank account.
If Stash can't match the stock on its platform, say if the vendor is a local retail outlet that is not publicly listed or its stock is not currently offered by Stash, you will get a fractional share of the Vanguard Total World Stock ETF. Stash said it offers over 200 stocks - of which many are consumer-facing brands, including Amazon, Alibaba, Chipotle, McDonald's, and more - on its platform.
That means that if you spend about $144 dollars a year on your Netflix subscription, you'll get about $7.20 dollars of Netflix's stock. Cardholders cannot forgo the investment in a single stock unless they opt out the entire reward program. While a 0.125% reward appears to be teeny-tiny, the fact that cardholders will gain shares makes it better than rewards based on points in many respects, Krieg said.
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