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Investing apps that encourage you to invest like the rich are focused on active trading. The wealthiest 10% of US households own nearly 67% of the wealth in our stock market, according to data from the Federal Reserve. Investment apps are made for trading, not savingI put investors into two buckets: traders and savers. Most investment apps are designed to make users act like traders: They encourage you to pick individual stocks, trade them frequently and keep a close eye on their performance. Unless you're investing for the thrill of big wins and losses, stop seeking get-rich investment strategies from people who were already rich.

Persons: —, Michael Jordan, Read, Stephen King, Gary Vee, I'm, Rich Organizations: Service, TikTok, Echo Trade, Federal

☆ Animal spirits are back in the market, fueling 2021-like speculative activity
▼ + stars: | 2024-03-01 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

The Federal Reserve's rate-cut signal in December triggered a furious rally to record highs, unleashing animal spirits that are fueling similar speculative activities from the depths of the pandemic. "The animal spirits are reviving," Michael Hartnett, chief investment strategist at BofA Global Research, said in a phone interview. "Animal spirits, they don't necessarily start with the biggest animals in the jungle," Quincy Krosby, chief global strategist at LPL Financial, said by phone. To be sure, others believe the market rally has been justified by the enthusiasm for artificial intelligence, and the contribution it's likely to make to future corporate profits. Billionaire investor Ray Dalio said the U.S. stock market is not in a speculative bubble based on his criteria.

Persons: Bitcoin, Michael Hartnett, Hartnett, Cryptocurrency, Scott Rubner, Goldman Sachs, Quincy Krosby, Ray Dalio Organizations: BofA Global Research, Nasdaq, GameStop, Palo Alto Networks, Research, LPL Locations: Nigeria, Argentina, Snowflake, YOLO, . U.S, U.S

☆ Fed Chair Powell and jobs data take center stage next week as Wall Street weighs interest rate outlook
▼ + stars: | 2024-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

Next week, the first full trading week of March, macroeconomic concerns will take center stage for investors. Next week, the Fed chief is largely anticipated to stick to the same talking points in testifying before Congress. In fact, the February jobs report, due out next Friday, is expected to show a moderation in payroll gains. Hourly Earnings preliminary (February) 8:30 a.m. Average Workweek preliminary (February) 8:30 a.m. Manufacturing Payrolls (February) 8:30 a.m. Nonfarm Payrolls (February) 8:30 a.m. Private Nonfarm Payrolls (February) 8:30 a.m. Unemployment Rate (February) — CNBC's Michael Bloom, Jeff Cox and Yun Li contributed to this report.

Persons: Jerome Powell, Powell, Shannon Saccocia, Kim Forrest, Webull, Michael Hartnett, CNBC's Yun Li, Melissa Brown, Brown, Wealth's Saccocia, Saccocia, Nonfarm Payrolls, —, Michael Bloom, Jeff Cox, Yun Li Organizations: Federal, Fed, Capitol, Nasdaq, Dow Jones, FactSet, Barclays, Bokeh Capital Partners, Labor Department, Bitcoin, BofA Global Research, Apple, Nvidia, Ross Stores, Costco Wholesale, Kroger, . Semiconductor, Broadcom, PMI, PMI Services, Services PMI, Ross, Target, ADP, Labor, Consumer Credit Locations: U.S, REITs, Japan

☆ Webull president Anthony Deiner on the trading platform going public in $7.3 billion SPAC deal
▼ + stars: | 2024-02-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWebull president Anthony Deiner on the trading platform going public in $7.3 billion SPAC dealAnthony Denier, Webull Group president and U.S. CEO, joins CNBC"s "Money Movers" to discuss his company's decision to go public via a SPAC.

Persons: Anthony Deiner, Anthony Organizations: Webull, CNBC

☆ Online trading platform Webull is set to go public via a $7.3 billion SPAC deal
▼ + stars: | 2024-02-28 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the second half of the year, pending regulatory and shareholder approvals. Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. Special purpose acquisition companies, or SPACs, raise capital in an initial public offering and use the cash to merge with a private company and take it public, usually within two years. Webull launched its trading platform in the U.S. in 2018 and enjoyed a huge boost during the Covid-19 pandemic as many Americans became first-time traders during lockdowns. The firm had $370 billion in equity notional volumes and 430 million options contracts traded through its platform in 2023.

Persons: Robinhood, Anthony Organizations: SK Growth, Corporation, Nasdaq, Webull, CNBC, CNBC PRO Locations: York, U.S

☆ With Meme-Stock Boom Behind It, Robinhood Scours Globe for DIY Investors
▼ + stars: | 2023-11-30 | by ( Hannah Miao | Caitlin Mccabe | ) www.wsj.com time to read: 1 min

Robinhood became synonymous with a new generation of do-it-yourself investors in America. Now it wants to do the same abroad. The digital brokerage on Thursday is opening a wait list for U.K. residents and will grant them early access to its trading app over the next several weeks, with full availability scheduled for early 2024. Robinhood joins other digital brokerages, including Webull and Public, that launched in the U.K. this year.

Persons: Robinhood Locations: America

☆ Why Robinhood Wants British Customers
▼ + stars: | 2023-11-30 | by ( Hannah Miao | Caitlin Mccabe | ) www.wsj.com time to read: 1 min

Persons: Robinhood Locations: America

☆ Gen Z is the most financially savvy generation
▼ + stars: | 2023-11-06 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

AdvertisementAdvertisementIn a May survey from the CFA Institute, a global trade association for investment advisors, more than half of Gen Z respondents said they were already investing, and 82% of American Gen Z investors said they began investing before they turned 21. And while there are plenty of pitfalls and missteps that could plague young people along the way, Gen Z is shaping up to be the most financially savvy generation yet. The estimated $60 billion wipeout caused many Gen Z investors to lose big. AdvertisementAdvertisementWhile Gen Z may not always be drawn to the safest investment choices, it's certainly getting some hands-on learning. In many respects, Gen Z is coming of age at a good time, graduating into a booming job market with strong wage growth.

Persons: Gen, Gen Zers, Gen Xers, Zers, It's, —, they'd, stashing, Gen Z, Erin Lowry, Z, there's Venmo, Lowry, Charlie Pastor, finfluencers, Pastor, Taylor Price, Price, it's, I'm, Eve Upton, Clark Organizations: CFA Institute, Federal Reserve's Survey, Consumer Finances, Transamerica Center, Retirement Studies, PayPal, YouTube, CFA, IRA, Interactive, UK Royal Mint, Barclays Smart Investor Locations: Canada, Chipotle, BlackRock

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Tesla gains on Morgan Stanley upgradeQualcomm up after deal to supply 5G chips to AppleHostess Brands up after J.M. The S&P 500 consumer discretionary stocks (.SPLRCD) rose 2.2% to their highest level in a month, leading gains in key S&P 500 sectors. Investors now await the crucial consumer and producer prices data as well as retail sales numbers due later this week. Wall Street had logged weekly losses on Friday after a recent uptick in oil prices and stronger-than-expected economic data fueled concerns of sticky inflation and interest rates staying higher for longer.

Persons: Brendan McDermid, Morgan Stanley, Tesla, Anthony, chipmaker, Ankika Biswas, Shreyashi Sanyal, Shubham Batra, Arun Koyyur, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Qualcomm, Apple Hostess Brands, Dow, Nasdaq, U.S, Apple, Microsoft, Energy, Investors, New York Fed, Traders, FedWatch, Fed, Dow Jones, Nvidia, Hostess Brands, Sunday, NYSE, Thomson Locations: New York City, U.S, megacaps, U.S . Federal, Bengaluru

☆ Inflation data backs a soft landing, but it might not be enough to stop the market's swoon
▼ + stars: | 2023-08-10 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The consumer price index report out Thursday is supportive of a soft landing. We'll see if it turns around this recent swoon in the stock market. There's an old saw on Wall Street: in corrections it takes a lot longer to lose the first 5% because people buy the dip. The macro data (China excepted), including today's CPI, has been supportive of the soft landing. There's a huge swath of investors that seem perfectly happy to collect 5% yields on their 1-year Treasuries, market rally be damned.

Persons: it's, Chris Murphy, Eric Johnston, Cantor Fitzgerald, Cash, Johnston, Anthony, Webull, Mark Newton, Fundstrat Organizations: Susquehanna International Group, CPI, Nvidia, Microsoft Locations: China

☆ Trading app Public to launch in the UK as the Tiger Global-backed fintech unicorn begins its European expansion
▼ + stars: | 2023-07-13 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

US investment app Public is launching in the UK as it pushes into the European market. The company is backed by funds like Tiger Global and Accel as well as celebrities like Will Smith. US trading app Public is set to launch in the UK as it begins its European expansion. Leif Abraham, Public cofounder, said the UK made a "lot of sense" for the company. Public also has plans to expand to other European geographies in future, having announced its intentions to grow out its offering last year.

Persons: Will Smith, Tony Hawk, Leif Abraham, Abraham, Robinhood, Otis Organizations: Tiger Global, Accel, Public, FX Locations: New York, Copenhagen, Europe

☆ Webull launches cash management tool to keep up with retail traders
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWebull launches cash management tool to keep up with retail tradersAnthony Denier, Webull CEO, joins 'Squawk on the Street' to discuss the company's new cash management tool, what's protected by insurance, and more.

☆ Best Online Stock Trading Platforms of 2023
▼ + stars: | 2023-02-02 | by ( ) www.wsj.com time to read: +20 min

Luckily, the past few years has seen a profusion of online stock trading platforms. We spent hours comparing more than a dozen stock trading platforms looking for the most intuitive tools, in-depth research and access to guidance and other educational content. We considered all of this when making our picks for the Best Stock Trading Platforms of 2023. How we pickedTo pick Buy Side from WSJ’s best stock trading platforms, we reviewed offerings from more than a dozen companies. Morgan Stanley is the corporate parent of E*Trade, one of the stock trading platforms considered for this story.

Thousands of no-transaction-fee mutual funds and fee-free mutual funds Check mark icon A check mark. Pros Check mark icon A check mark. Thousands of no-load mutual funds and 50+ Schwab-managed funds; fractional shares (Stock slices) available Check mark icon A check mark. Free stock, option, ETF, and cryptocurrency trades; 1.5% APY on uninvested cash for non-Gold users and 3% for Gold members Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark.

You can also get a rewards credit card to get cash back or travel miles on everything you buy. Capital One Venture Rewards Credit Card Learn More Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. The Capital One Venture X Rewards Credit Card is one of the more affordable cards in this category. Capital One Venture X Rewards Credit Card Learn More Information about the Capital One Venture X Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. There are many types of coverage you can get with credit card travel insurance.

☆ Finance influencers are cashing in on YouTube. A creator with 269,000 subscribers shares how much his channel earned every month this year.
▼ + stars: | 2022-11-16 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +3 min

Finance YouTuber Joshua Mayo shared exactly how much his channel earned every month this year. "When I started my YouTube channel, it was a slow start," the 29-year-old Mayo told Insider. His channel earned $55,459.35 from Google-placed ads. Personal finance videos tend to be lucrative because their audience is seen as more valuable to certain advertisers, particularly those in the finance space who are willing to pay top dollar. How much Mayo's YouTube channel earned every month in 2022Creators must have at least 1,000 subscribers and 4,000 watch hours in the past year to apply for YouTube's Partner Program.

No minimums; commission-free trading on stocks, ETFs, and options Check mark icon A check mark. Thousands of no-load mutual funds and 50+ Schwab-managed funds; fractional shares (Stock slices) available Check mark icon A check mark. Free stock, option, ETF, and cryptocurrency trades; 1.5% APY on uninvested cash Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark. International trading opportunities Check mark icon A check mark.

☆ Best Online Stock Trading Platforms of 2022
▼ + stars: | 2022-10-15 | by ( ) www.wsj.com time to read: +15 min

Luckily, the past few years has seen a profusion of online stock trading platforms. We spent hours comparing more than a dozen stock trading platforms looking for the most intuitive tools, in-depth research and access to guidance and other educational content. We considered all of this when making our picks for the Best Stock Trading Platforms of 2022. How we pickedTo pick Buy Side from WSJ’s best stock trading platforms, we reviewed offerings from more than a dozen companies. Morgan Stanley is the corporate parent of E*Trade, one of the stock trading platforms considered for this story.

☆ Stocks sink as investors wait for the Fed’s rate hike
▼ + stars: | 2022-09-20 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +2 min

Stocks slid Tuesday as investors grew anxious about the impact of another big rate hike. There were no earnings reports of note on Tuesday and not much economic data for investors to focus on other than a new housing report, which was mixed. The housing numbers are unlikely to change the minds of Fed policy makers, who will announce another rate hike on Wednesday. Stocks surged at the end of the trading session Monday after hovering near break-even levels for most of the day. “Transportation stocks are a canary in the coal mine when it comes to the economy.”

It's important to make sure you can trust an investment app before you start using it. See Insider's guide to the best investment apps for beginners »Get the latest tips you need to manage your money — delivered to you biweekly. Before you start placing trades, you should have a sense of whether you can trust an investment app with your money. Here are more details on the warning signs to look out for when searching for an investment app. It's not transparent about how it makes moneyMost investment apps offer fee transparency and/or disclosures that detail where their compensation comes from.

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