3 ms·

I tried out these services, and it just freaks me out too much having $50,000 sitting in an iPhone app. I get that they are insured and legit, but it's just too

I tried out these services, and it just freaks me out too much having $50,000 sitting in an iPhone app. I get that they are insured and legit, but it's just too much money for me to hand over to a startup.

twblalock 10y ago
Don't you have a broker, or a 401k?
- aphextron 10y ago
  Yes, I have Vanguard but decided to give Betterment a try when they first launched.
  - krallja 10y ago
    I think twblalock is trying to say there's an app for that: Vanguard by The Vanguard Group, Inc. https://appsto.re/us/HKO-t.i https://appsto.re/us/HKO-t.i
sulam 10y ago
Every single one of my brokerage accounts and banking accounts has an iPhone app. You probably know this, but the money doesn't actually "[sit] in the app", whatever that would mean. It is invested in stocks, bonds, mutual funds, etc -- the app simply gives you a view into where it all is and the current value. :)