Beanstox: Automated Investing

Beanstox is an app that helps individuals invest in personalized ETF portfolios, retirement accounts, and other investment options. It is designed to make long-term investing easier to start and manage, and is backed by Kevin O’Leary, also known as “Mr. Wonderful” from Shark Tank. The app is suitable for both beginner and experienced investors, and offers a variety of investment options such as ETFs, Traditional and Roth IRAs, Gold ETFs, Bitcoin ETFs, and short-term Treasury ETFs.

One of the main features of Beanstox is its automated investing option, where recurring deposits and portfolio management are handled for the user. This makes it easier for individuals to invest regularly without having to actively manage their investments. The app also allows users to start with as little as $20, making it accessible for those who may not have a large amount of capital to invest.

Beanstox offers a range of investment options, including retirement accounts through their premium service, Beanstox Premium, which costs $10 per month. This service provides personalized portfolios in Traditional and Roth IRAs, tailored to the user’s investment goals and risk profile. The app also offers a Wealth Builder service for $5 per month, which is an expert-built, diversified ETF portfolio designed for those who want a personalized and diversified portfolio to reduce risk.

In addition to these services, Beanstox also offers the option to invest in Gold and Bitcoin through their premium service. This allows users to invest in these assets without having to deal with the hassle of physical coins or vaults. The app also offers automated investing in an S&P 500 tracking ETF portfolio, as well as a Power Savings feature that allows users to earn more on their invested cash compared to traditional savings accounts.

Beanstox prides itself on its simple and transparent approach to investing. The app has a flat monthly fee and no trading commissions or hidden costs, making it easy for users to understand the pricing structure. It is also a SEC-registered adviser and client accounts are SIPC-protected, providing security and regulation for users. Additionally, Beanstox offers monthly market data and investment education to help users make informed investment decisions.

The app also features tools to help users visualize their long-term investing potential, as well as professionally selected ETFs for broad market diversification. The interface is designed to be simple and user-friendly, making it easy for individuals to invest without having to navigate complex dashboards.

Beanstox was co-founded by Kevin O’Leary and Connor O’Brien with the goal of making automated investing accessible for everyone, from first-time investors to busy professionals. The app is designed to provide a “Seriously Simple Investing®” experience, and is suitable for individuals with different investment goals and risk tolerance levels. For more information on pricing and disclosures, users can visit the Beanstox website.