Like Peter Lynch says, invest in what you know. It would be cool if your round-up could buy a fractional share of whatever business you shopped at. If that company isn’t publicly traded, you could set a stock for it to default to.
So if I go to Chipotle, my round-up goes to a fractional share of Chipotle. If I go to my favorite local hole in the wall, my round-up would go to a fractional share of $SPY or whatever I set my default to.
I know Cash App and the Robinhood Cash Card both have round-ups to buy stock, but they only buy one stock. Anyone know a card that’s more inline with what I want?
There was a company called Bumped that used to do something like this. Given that their site is offline and I don’t see any recent news about them, it looks like they’ve gone out of business.
That’s too bad. Sounds like they had an interesting system.