Michael Ecke is a mortgage professional - NMLS # 1439805, entrepreneur, businessman, and founder of Prosperment. As a current employee of a Fortune 50 company, Michael is dedicated to ensuring the utmost attention to detail and quality control. Michael provides executive oversight and direction to Prosperment and its sister companies. Michael brings to his position the business foresight and acumen required as Prosperment continues its remarkable growth.
A stock (also known as "shares" and "equity) is a type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets & earnings.
Stash started to simplify investing, but their true mission runs deeper. Today, your financial products too often fail you. Stash believes everyone should have access to financial education, technology, and services that help you achieve your life goals. In the past, individual investors had to buy one or more shares of a stock or ETF(exchange-traded fund) to make an investment. If the price of one share was $100, that was the smallest amount an individual investor could buy.
However, it’s now possible for companies like Stash to buy one share, and split it into parts, or fractional shares. So if you want to buy $5 of an ETF or single stock that costs $100 per share, Stash can buy a full share, and have you own just a $5 fraction of that share. That way, you can make small investments as a way to get started, you can invest in a more flexible way, and you can put more of your money to work.
I believe highly that anyone can grow wealth. One of the biggest mental challenges is "I don't have enough money to invest," this is a challenge that popular micro investing app Acorns has tackled successfully.
Did you know on average Social Security replaces about 40% of your annual pre-retirement earnings? You will need other savings, investments, pensions, or retirement accounts to live comfortably. If you don’t already have a my Social Security account, you should, it’s the only place where you can see personalized estimates of your future benefits based on your actual earnings. Social Security uses your highest 35 years of earnings to calculate your benefit. Therefore, it is so important to check your earnings every year to verify Social Security has your correct earnings history. Open your free my Social Security account at socialsecurity.gov/myaccount, and start your retirement planning today.