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Shopping For Deals: 3 Things To Look Out For (And No, It’s Not Price)

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With a massive list of options to choose from, shopping for deals can turn out to be both exciting and overwhelming.  To help you out, here are three pointers you need to know to nab the best deal.

1. Promotional Offers From Stores Are A Steal.

Bargain hunters have never had it better. If you’ve got a favorite store or a brand you love, subscribe to their social media updates and feeds. With increasing focus on micro-targeting marketing efforts, brands are eager to sell their promotions to the right audience. This means you get offers that are almost tailored to your interest. Picking up the brand’s rewards program can also throw up great deals.

2. Look Out For Alternatives.

A bunch of sites that offer deals and sales like Gilt provide major discounts on popular brands. What’s the catch? The sales aren’t for too long – they’re out in a couple of hours. Another big win could be hunting deals across resale sites like eBay.

3. Buy It At The Right Time.

Before you decide to choose the deal, look at how it’s priced differently over time. How is this done? Simply run a quick search online or use online tracking tools like The Traktor that will show you how the prices have varied over time. If you spot a low point, that’s when you hit buy.

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Video: Compound Interest, Explained

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A UPS worker never made more than $14,000 a year but retired with $70 million. How? Compound interest. Here’s how it works, courtesy of Investopedia.

 

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3 Ways To Invest From Your Smartphone For Under $5

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The numbers say 80% of millennials don’t invest in stocks.

Reason? Half say they don’t have money, one-third says it’s too early and another third says they don’t know how.

In addition to that, there’s demographic gap. “The average age of a financial advisor is 55,” said Douglas Boneparth, a New York City-based financial planner. “There are more financial advisors over the age of 70 than there are under 30.”

Despite these beliefs, you don’t really need much money, nor experience, to get started. (Just look at our fearless co-founder Odunayo Eweniyi and what she’s pulled off here)

Be that as it may, here are three ways to get started for $5 or less.

1. Stash

Image result for stash app

What: A micro-investment app (iOS and Android) with over 30 ETFs according to industry, sector and risk tolerance.

How it works: Download the app and choose your investment.

Minimum investment: $5

Cost: Fees range from $1 a month for accounts under $5,000 to 0.25% a year.

“We help people who don’t have a lot save money on a weekly basis,” CEO and co-founder Brandon Krieg said in one interview. “Stashers look like America, they look like people you meet every day: they are nurses and teachers and Uber and Lyft drivers.”

2. Acorns

 

What: iOS and Android app.

How it works: Download the app and choose one of six index funds. When you buy, say a cup of coffee for $1.75, it rounds up the change to $2 and deposits the difference.

Minimum investment: $5

Cost: Just like Stash, fees range from $1 a month for accounts under $5,000 to 0.25% a year.

“We’re not trying to preach austerity to the client, because that’s a bummer,” CMO Manning Field says. “Some people will say, ‘Don’t have the cup of coffee.’ We’ll tell you to have the cup of coffee and invest along the way.”

3. Robinhood

What: A commission-free investment app (iOS and Android).

How it works: Download and start buying stocks.

Minimum investment: Whatever stock you want to buy.

Cost: Free.

And by the way, if you want to get a fast start on real estate, here’s Forbes’ list of nine REITs with yields between 8% and 10%.

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CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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