Investing App Basics:
It has been brought to my attention that there is interest among some in the blind community to get into investing both on Facebook and in private conversations. I have heard questions like these.
1. How much does it cost?
2. How can I trust a broker if I’m blind?
3. Is it accessible?
Put simply, you can start with 5 dollars without a human broker on at least three accessible apps and probably more. I started with Acorn in 2017 which was linked to my PayPal. This was good for the passive investor. Soon I switched to Robinhood when I acquired my first iPhone and found it not to be as accessible as I hoped. However, it was great for creating a watch list to study my favorite companies. My respiratory therapist told me about Stash Investing, so I tried it and have used it successfully since December 2018. I began using the Cash app created by Square for other purposes other than investing in November 2019 and was told that it had a new investment feature that was also accessible. I experimented with it and began purchasing stocks through it as well. It just recently added a Bitcoin option which I also have taken advantage of. Since it has been over two years since I have used Robinhood for more than its Watchlist feature, i have decided to reopen my account and see if improvements in accessibility have been made.
Another savings and investment option is the ABLE program. Achieving a Better Life Experience or ABLE Act is legislation that President Obama signed into law in 2014. It allows people with significant disabilities prior to their 26TH birthday to have a tax advantaged savings account that is not counted against them because they receive Medicaid and Supplemental Security Income. It has a savings account element that is FDIC insured and three investment levels from conservative to agressive. I signed up for this in May of 2018 when Texas launched the www.TexasABLE.org web site. Go to www.ABLENRC.org for more information.
I tell you this, dear reader, to offer tutorial services on one or more of these apps to those curious or interested in investing. I am not a licensed financial advisor or stock broker so I will not make financial decisions for you. I will, however, show you ways to educate yourself in the finance arena.
Here are some referral links to get you started.
Hey! Stash is an app for banking, saving, and investing. If you try it with my link and add cash, you’ll get $20.
Ted Galanos wants you to try Cash App!
Cash is the best way to send money for free. Enter the code THTRBDH when you sign up and we’ll send you both $5 when you try it.
Cash App is free to download for iOS and Android.
Join Robinhood with my link and we’ll both get a free stock 🤝 https://join.robinhood.com/tedg67
If interested, send me an email. Tutoring is $25 per hour and the first consultation is free.