Beanstox: Automated Investing 4+

Seriously Simple Investing‪®‬

Beanstox Inc.

Designed for iPhone

    • 4.2 • 649 Ratings
    • Free

iPhone Screenshots

Description

Get over 5% on savings.
Get automated investing in 500 of the biggest US companies.
Get even more with Beanstox Plus and your automated personalized expert-built portfolio.

POWER SAVINGS (FREE): Get over 5% on your savings. Power Savings with Beanstox makes it easy to “skip the banks”. Powers Savings invests in T-Bill ETFs that yield over 5%. T-Bills are government obligations and are considered very safe and usually provide more yield than traditional savings accounts, plus this added bonus: no state and local taxes for income on T-Bills.*

STOCKS 500 (FREE): Great for people who want to start automated investing with a simple S&P 500 ETF. It’s a hassle-free way to invest in 500 of the largest US companies. Why use Stocks 500? Although stock prices move up and down, investments tracking the S&P 500 generated over 10% annualized returns over the last 40 years. Billionaire Warren Buffett said: "In my view, for most people, the best thing to do is owning an S&P 500 index fund.”**

WEALTH BUILDER (PLUS PLAN $5/MONTH): Designed for people who want a personalized portfolio, diversified using a blend of ETFs to reduce risk. Answer a few simple questions in the App and we propose an expert-built diversified portfolio of ETFs tailored to your investment goals and risk tolerance without you wrestling through complex analysis and decisions. Automate your investments consistently over time with recurring deposits. This approach, known as dollar-cost averaging, helps reduce the impact of market volatility and can lead to long-term growth.

WHY BEANSTOX?
+Automate Your Habits: Set recurring deposits into your investment accounts.
+Start small. Grow big: Start building wealth with as little as $100.
+Knowledge Hub: Enrich your financial knowledge with our library of articles, tips, and insights.
+Transparent Costs: No hidden fees, no surprises. Just clear, transparent pricing.

FEATURES TO LOVE
+Projection Tools: Envision your financial growth with our easy-to-understand projection tool.
+Diversified Portfolios: Harness the power of ETFs for tax benefits, diversification, and cost savings.
+Secure: As an SEC registered investment adviser, we prioritize your information security.

WHO ARE WE? Kevin O'Leary (aka Mr. Wonderful from Shark Tank) and Connor O’Brien (Beanstox CEO), co-owners and creators of Beanstox, along with a great team, built Beanstox to make investing simple for everyone - from the rookie investor to the busy professional. With Beanstox, investing isn't just smart, it's seriously simple.

You can dream big while starting small. But most importantly, start NOW!

Dive into the world of Seriously Simple Investing® with Beanstox.

* For additional information, disclosures or information on pricing, see images above or visit www.beanstox.com and www.beanstox.com/disclosure.

Beanstox Inc. is an SEC registered investment adviser and has arranged for brokerage services provided by DriveWealth LLC. Investing in securities involves risks. There is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Beanstox® charges and expenses. The information provided herein is for illustrative purposes only and does not constitute personalized investment advice, recommendations, or solicitations to hold, buy or sell any investment or security of any kind. All images and return figures shown are for illustrative purposes only and are not actual customer or model returns. Past performance does not guarantee future results.

What’s New

Version 3.1.7

Improved App performance and fixes.

Ratings and Reviews

4.2 out of 5
649 Ratings

649 Ratings

TimiHealth rules! ,

Beanstox is a great way to invest!

As an investor/shareholder of Beanstox, I really enjoy using it as a way to help me save for retirement. It’s very easy, almost too easy, to set up your account, fund your first purchase then make regular monthly contributions for as little as $1! The app pre-selected my investments based on my risk tolerance, how long it will be before I retire and a few other parameters asked at the beginning. Within 10 minutes, I had an account, chose my sticks and submitted my first deposit. Don’t miss this opportunity to make investing as simple as it can be! Also, it’s the best value you can get anywhere for only $5/month!

bh1610 ,

“Lost” my money and account

This service is horrible. Stay away at all costs. Everything worked great for a few months. About a week ago, my account suddenly showed a notification that it was “pending liquidation” after I had made no such request. It instructed me to “contact support” if I had questions, so I did. I received a generic reply that it was an “internal error and we’re working on fixing it.” The next day, my account shows $0 balance - no transaction history showing that shares have been sold, no transfer history saying that money has been withdrawn. Fast forward to a week later, my account still shows $0 balance, nothing has been fixed, and each time I email support, I’m given the same generic reply that “we’re working on fixing this right away. Rest assured your funds are still invested.” I have even emailed asking very specific questions like, “can you tell me when/how I can get my funds transferred back to my bank account and cancel my account?” Each time, these questions are completely avoided. There is no phone number to call and talk to a representative. It’s insane, like they’re holding my funds hostage and not allowing me access by claiming an “internal error”. I just want my money back. If there’s really an internal error affecting your customers’ ability to maintain their own investment accounts, you should not be taking over a week to fix it.

Developer Response ,

This misleading error issue has since been resolved and funds were safely in the your account at all times. Please reach out to support@beanstox.com if you’re still experiencing issues!

Ram dude 941 ,

Contact the SEC if you need you money back and Beanstox will not reimburse you

Bottom line up front: If you have funds invested with Beanstox and they will not reimburse you, you need to contact the Securities Exchange Commission (SEC).

I started investing on a weekly basis with this app in December of 2020. It worked very well and I was extremely happy with the service until September of this year when funds stopped automatically coming out of my account. I attempted to link two different bank accounts from two different finical institutions but the app gave me an error message. I contacted the app multiple times and in every response they said that they, “We’re looking into it” and that they were not sure if the problem was on their end or mine.

Regardless I was very clear that I wanted to close the account and reinvest the funds elsewhere, but I continued to get the same response. In early November I filed a compliant with the SEC for Beanstox withholding my funds and not closing my account as requested. The SEC confirmed receipt and a day later Beanstox contacted me and said they would manually liquidate my account. I finally have received my funds.

If you go on the SEC website and go to “How to report complaints about investments or investment professionals” you can start the process there.

Overall this was a great vehicle for investing in high yield ETF’s but when I could not add to my investment or access my funds I lost faith in this app.

Developer Response ,

Thank you for your comment. We are pleased that your overall experience with the Beanstox App was positive even though you encountered an issue. As we mentioned in our communications with you, once you contacted us we focused on solving the problem, which appears to be an uncommon type of bank link issue. We expedited handling your request to close your account manually to avoid further delays, and your funds were returned successfully. Should you have any additional questions, do not hesitate to contact us.

App Privacy

The developer, Beanstox Inc., indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Usage Data

Data Linked to You

The following data may be collected and linked to your identity:

  • Usage Data

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

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