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.
The March consumer price index showed a 1.2 percent month-over-month increase and 8.5 percent increase from a year ago, which was the highest reading since 1981.
As life inches toward a post-pandemic world, many people are trying to navigate how to transition from their work-from-home look to a new back-to-office style for the first time in two years. Dina Scherer, the owner of Modnitsa Styling, joined Cheddar News to provide some styling suggestions for those returning to the office. 'I do hear this from a lot of my clients that they just have no idea how to transition from sweat pants, athleisure, into a work office environment outfit that's both appropriate and comfortable,' she noted.
Kelly Johnson, Portfolio Strategist, Charles Schwab, joins Cheddar News' Closing Bell, where he breaks down the results of the 2022 Ariel-Schwab Black Investor Survey. In doing so, he dives into why White American investing activity is at an all-time low and why more Black Americans are gravitating toward cryptocurrencies.
U.S. stocks closed Friday's session mostly lower to end the first full trading week of April. For the week, the S& 500 dropped 1.26%, the Dow fell 0.27%, and the Nasdsaq saw a more significant decline of 3.86%. Melissa Armo, founder and owner of The Stock Swoosh, joined Cheddar News' Closing Bell to discuss.
