How is investing different from putting money in a savings account?
Saving and investing are similar—both deal with money that isn’t allocated for everyday expenses, and both are critical to your future financial success. A savings account is offered by a bank and earns an interest rate set by that institution. In contrast, investing specifically refers to buying and selling securities like stocks and bonds. There is more risk with investing than with saving, but the potential for growth is often higher.
Want to learn more about the differences between saving and investing? See here.
Related questions View all Getting Started
Q. When will my trades get executed in my Smart portfolio?
Once your money has completed the transfer and arrived in your account, we’ll execute your trades. Typically, this takes 1-2 business days. Please note that a business day is Monday through Friday, excluding weekends and US market holidays. DISCLOSURES This type of account is a Discretionary Managed Account.…0
Q. Once I deposit money into my Smart portfolios, do I need to do anything?
Nope! We’ll handle the rest—this is smart investing, after all. You might want to consider investing (depositing money) regularly, though. That way your investments can grow through the magic of compound interest. DISCLOSURES This type of account is a Discretionary Managed Account.…0
Q. How much can I withdraw from my smart portfolio?
You can request a withdrawal from your smart portfolio for up to the total value of your Smart portfolio — minus any pending withdrawals. For example, if your Smart portfolio is worth $1,000, you can request a withdrawal for the full balance of $1,000 or any number up to $900.…0
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