“You work very hard every day to coordinate, partner with others and get all the pieces of the puzzle together so that you can get the job done. “This is a very exciting part of the job because you actually get to see the tangible effects of the work that you’re doing,” OREM Acting Manager Laura Wilkerson said. “LPF will replace a World War II era facility with a modern capability for processing lithium materials necessary for refurbishing and modernizing the nation’s nuclear weapon stockpile.” “The completion of cleanup at the Biology Complex is paving the way for NNSA to begin construction of the Lithium Processing Facility,” said NNSA Production Office Manager Teresa Robbins. Milstein, who is joining the company’s board of directors, doesn’t say whether having the stock market on a gift card is a good thing or a bad thing for the investor buying the stock.KUB crews work to repair power pole after crash They have put the stock market on a gift card.” “Their innovative approach takes the mystery out of stock investing and opens up access to all. “Stockpile has had tremendous success in attracting the next generation of investors,” said David Milstein of Eight Roads, in a statement. And new investment firm Eight Roads, touted the company’s ability to onboard new customers. The new financing will allow the company to push its product to more millennials, according to a statement from the company. It’s managed to attract marquee investors and a lot of money (previous investors in the company’s $15 million round include Arbor Ventures, Stanford University and Ashton Kutcher). If a user wants to gamble on the market without much information, then maybe Stockpile is the app to use. For that, folks would probably be better off with a service that diversifies their portfolio for them. It’s also probably not great for people who actually want to manage their money and create value through stock market investing. The app pretty much makes a user rely on their feelings about a company’s brand to guide their hand when making investment decisions.įor 99 cents per transaction it’s a more expensive option than Robin Hood, with an easier onboarding process and fewer bells and whistles for more sophisticated stock trades. It’s only a little better than picking a horse in a race because a gambler likes the name. Pretty much though, an investor using Stockpile is on their own. The company offers some basic information on the stock market in its learning section (really just some definitions of common financial terms and a bit of the arcana around stock dividends and the language of earnings reports). Which means that if a user likes the “Jeep” brand they can search for the brand and then be taken to the option to buy Fiat stock without having to know that the brand is owned by Fiat. Rather than organize the potential stock purchases under companies, the app lists the underlying brands that a user might be familiar with, and links that brand to its parent company. Once a user downloads the app the can browse for potential investments under categories like “Entertainment”, “Kids”, “Technology”, and “Food”. Using the app to browse for potential investments is relatively easy. The account is free to open, but trades cost 99 cents. Stockpile users can open an account online or using the company’s iPhone or Android app. Lele argues that investing directly into companies, rather than buying fractional shares of an exchange traded fund (which is what services like Motif, Betterment, and Wealthfront offer), is more attractive for investors. Even someone with only a few dollars can buy a piece of a favorite brand like Amazon or Alphabet, which are currently trading close to $1000 a share.” “Fractional shares make market investing fun, easy, and personal. “We’re on a mission to make it simple for everyone - especially young, first-time investors - to save and invest for their future,” said Avi Lele, Stockpile’s founder and chief executive, in a statement. The company received its latest cash injection from the Fidelity-backed Eight Roads Ventures, alongside traditional venture funds like Mayfield, Arbor Ventures, Hanna Ventures, Wang Ventures, and others. Stockpile, the startup brokerage that’s bringing fractional share investing to mainstream investors, has raised $30 million to continue its mission.
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