The platform isnt a hedge fund.
What Is Titan Invest?
Our team has compiled alist of creative waysyou can fatten your bank account this week.
If you’re new to investing, check out ourInvesting for Beginners Guideto learn about the building blocks of growing wealth.
This is a long list, so dont get overwhelmed.
Go ahead and start now, but be sure to bookmark this post so you could easily return later.
Well keep it updated as offers changes or expire.
Titan is an SEC-registered investment advisor, similar to in-person firms you might use.
But it keeps costs low by using its technology for efficient account management and investing strategies.
Combined, they bring experience as hedge fund advisers and software engineers.
They founded Titan to break through that barrier.
Dont Miss:
Get Paid $225/Month While Watching Movie Previews
How Does Titan Work?
Titan actively manages your investment portfolio for you using its unique software and hedging strategy.
Youll need to transfer a minimum of $500 in capital from a linked bank account to start investing.
Unlike many brokerage apps, its portfolios dont include bonds or exchange-traded funds.
Titan hedges a portion of your portfolio based on your risk tolerance.
Instead, the app facilitates a cost-efficient relationship with personal investment advisers.
Titan drops that restriction.
A new IRA also requires a minimum initial deposit of $500.
Unlike traditional hedge funds, it doesnotcharge performance fees, which can significantly eat away at your gains.
It also doesnt charge trading fees, commissions or withdrawal fees.
Socially Responsible Portfolio Options
Titan doesnt offer anysocially responsible investing(SRI) or ESG investment strategies.
Retirement Account Options
Through Titan, you could open a taxable account, anIRAor both.
It offers traditional, Roth, SEP or SIMPLE IRAs.
Contributions to a traditional IRA are tax-deferred until you withdraw.
Contributions to a Roth IRA are taxed now but not when you withdraw.
SEP and SIMPLE IRAs are accounts that follow the rules of traditional IRAs and are designed for self-employed workers.
College Savings Account
Titan doesnt offer a 529 college savings account plan.
Brokers are able to do this with funds like ETFs but not single stocks, as Titan trades.
Thats because those proportions can be thrown out of whack when certain stocks grow and others lose value.
Rebalancing sells off some assets and buys others to get your portfolio back in line.
But you wont have direct access to a dedicated adviser for personalized professional financial advice.
Crypto assets in a Titan account arent covered by SIPC insurance.
Titan is an investment advisory firm.
Titans minimum initial investment amount is $500 to open a new account and access all strategies.
She foundedHealthy Richto publish stories that illuminate the diversity of our relationships with work and money.
Contributor Caroline Gaspich contributed to this report.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…