Stash is making investing accessible to everyone. The platform and app was started in 2015 and since then has grown to more than 1.2 million accounts and over 2.5 million content subscribers.
Brandon Krieg is the CEO and co-founder of Stash. He explains that Stash is not only about investing, it is also a learning platform. Stash opens up conversations between friends and family about investing and what to be looking for. Krieg says he is really proud of his customers.
The minimum investment in Stash is only $5, opening the door for all types of investors. In fact, over 80% of Stash customers are first-time investors.
When it comes to crypto, Krieg says they are waiting and watching. Krieg wants to get a sense of what regulators do and say. That being said, Stash customers are asking to invest in crypto. Krieg reveals that Stash will likely roll out a product sometime later this year.
David Mazza, Managing Director and Head of Product at Direxion, joins Cheddar to discuss how traders can navigate all the headlines surrounding earnings, the economy, and inflation, why traders are not giving up on semiconductors, and how traders are navigating rising crude prices.
Chris Vecchio, senior strategist at DailyFX, says the James Bullard and the Fed's bark may be louder than its bite when it comes to potential rate hikes in May. Investors brushed off any causes for concerns during Tuesday's session, which led to stocks ending the day sharply higher.
While rising wages might be positively impacting workers, inflation continues to rear its ugly head. Will pay increases be able to keep up with the costs of living? Mark Hamrick, a senior economic analyst at Bankrate.com, joined Cheddar News to talk about how the American worker is contending with inflation. "I'm a little skeptical whether wages are going to keep that pace that some are fearful about," he said. "We don't have a historical record that makes that case, and we think about how through the last economic recovery that we had before the pandemic really began to take hold in March and April of 2020 wage growth was really sort of the last part of that chapter."
