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Genesis Investing System? Legit or Another Scam?

Today I’m sharing my honest review of the Genesis Investing System .

The Genesis Investing system is a course that teaches you how you can make money investing in private companies.

Its main aim is to lower the barrier of entry to investing in such markets.

The system borrows its name from the term “Genesis Investing” which is basically a kind of investing in which people buy equity from private firms before they go public.

Before we start…

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Here’s what’s inside this Genesis Investing article:

Table of Contents

It is similar to the type of content and training published by Banyan Hill and others I have reviewed like Superpower Checks and Fluorescent Sand.

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When you take a punt on a private company that has yet to issue an IPO, you do so with the hope of selling off the equity when the company becomes an established public company and thus of higher value.

If you decide to hold the stock, you still benefit from having acquired it on the cheap.

The Genesis Investing System comprises of the following elements:

The Early Stage Playbook

Genesis Investing System is an interactive online course made up of 12 videos that teach you how you can make money “Genesis Investing” while reducing the associated risk.

Private Bond Opportunities

Introduces you to high-yield private bonds that sometimes have higher returns than Treasury bonds. However, don’t forget that they still carry a higher risk than government-issued bonds.

Special Shark Tank Reports

The reports detail two real-life examples of Genesis investments to give you a feel of how things run in real-life scenarios to enrich your learning experience.

The 60-Minute Angel Investor

A checklist of simple metrics that you can use to pick the companies to invest in without exposing yourself to unreasonable risk.

49 Pre-IPO Investments

This report shows you how you can invest in low-risk (relative to new startups) advanced startups that are almost going public.

The Genesis Investing System is a platform that aims to teach people how they can be investors in private companies.

These companies range from start-ups that are getting off the ground to more established entities that are about to issue an IPO.

Before this course was introduced, only a few wealthy people were privy to the information and benefited from the returns.

Who is the founder of Genesis Investing System?

The course was launched in 2020 by Crowdability.

It was co-founded by Matthew Millner who was a successful genesis investor.

Prior to being involved with genesis investing, he traded in the stock market.

He was frustrated by the low returns his portfolio of stocks and bonds brought him which prompted him to look for an alternative way to make more money.

At one point, he started Genesis investing and it became so rewarding that he saw the need to spread the word to other people.

That’s when he decided to create a course to teach ordinary citizens to be involved but still invest in an informed manner.

Fortunately, you don’t need millions to start investing and make money.

How does Genesis Investing System work?

The course takes you through a three-stage process called ASE (Allocate, Screen, Evaluate).

  1. Allocate – Learn how you can determine the appropriate amount of money to stake in each investment.
  2. Screen – You learn how to identify the companies that are worth investing in.
  3. Evaluate – You learn how to examine a specific company to determine its potential for gains or losses.

Is Genesis Investing System A Scam?

The Genesis Investment System is not a scam.

It is not a get-rich-overnight scheme because it demands that each student invests time into learning the material before they implement it.

This means that there are bound to be some losses.

In fact, it has been well-received by investors who have bothered to follow its principles and reaped success from implementing them.

What Are The Pros Of Genesis Investing?

1. It is well researched: The principles it teaches were not conjured out of thin air. They were refined from hard-earned experience.
2. It is detailed and comprehensive: It does a decent job of covering the key elements of Genesis Investing; it is a beginner’s dream.
3. It is actionable: It provides easy-to-follow instructions and delineates concrete steps to get students to start investing.
4. It is inexpensive: Compared to other education initiatives in the world of investment, it is cheap.

On the flip side you need to have realistic expectations. You are not guaranteed success with this as you are not guaranteed with anything when it comes to investing and making money.

You need to invest wisely and in time you will hopefully see good returns. It can potentially be risky especially if you do not have a lot of time and money to begin with and you risk putting all your eggs in 1 basket.

Genesis Investing Conclusion

The Genesis Investing System was designed to open up Genesis Investing to as many people as possible.

In my honest experience as a business owner and investor I can definitely see benefits to Genesis Investing, but you still need to understand that it is not a silver bullet and still requires time and money.

Don’t leave yet

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FAQ

What Is Genesis Investing?

Genesis Investing (taught inside the Genesis Investing System) is a type of investing that specializes in early stage, seed, start up, growth, and expansion capital investments.

What Is The Genesis Investing System?

Genesis Investing System is a program created by Crowdability and co-founded by Matthew Millner. Genesis Investing focuses on a three-stage process called ASE (Allocate, Screen, Evaluate).

Is Genesis Investing System A Scam?

The Genesis Investment System is not a scam.
It is not a get-rich-overnight scheme because it demands that each student invests time into learning the material before they implement it.

How Does Genesis Investing Work?

Genesis Investing focuses on a 3 stage process called three-stage process called ASE (Allocate, Screen, Evaluate). This is taught inside the program by Crowdability.

Wealthfront Review 2020: Pros, Cons and How It Compares

With Wealthfront, you get low-cost access to a diverse investment lineup, excellent planning tools and a variety of tax-saving strategies.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our Take

The bottom line: Wealthfront is a force among robo-advisors, offering a competitive 0.25% management fee, free management of balances under $5,000 (with NerdWallet’s promotion) and one of the strongest tax-optimization services available from an online advisor.

Best Robo-Advisor for Cash Management

on Wealthfront’s website

Wealthfront

on Wealthfront’s website

Account Minimum
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amount of assets managed for free

Pros & Cons

First $5,000 managed free (NerdWallet promotion).

Low ETF expense ratios.

Daily tax-loss harvesting.

No fractional shares.

No large-balance discounts.

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Wealthfront offers the kind of holistic financial advice and automated investment management that appeals to new and experienced investors alike: helpful planning tools, diversified — and hands-off — portfolios and advanced tax optimization strategies.

Wealthfront is best for:

Free financial tools, even if you don’t have a Wealthfront account.

529 college savings plan management.

Wealthfront at a glance

Where Wealthfront shines

Investments: Wealthfront has some heavy hitters behind its investment strategy, including Chief Investment Officer Burton Malkiel, senior economist at Princeton University and author of “A Random Walk Down Wall Street,” an investing classic. The company’s methodology includes giving investors a streamlined questionnaire to identify risk tolerance, then employing exchange-traded funds in up to 11 asset classes.

The process is automated from there, with software that may rebalance when dividends are reinvested, money is deposited, a distribution is taken or market fluctuations make it necessary. Wealthfront uses threshold-based rebalancing, meaning portfolios are rebalanced when an asset class has moved away from its target allocation, rather than on a quarterly or yearly schedule.

Wealthfront’s investment mix covers U.S. stocks, foreign stocks, emerging markets, dividend stocks, real estate and natural resources, as well as emerging markets bonds, Treasury inflation-protected securities, and U.S. government, corporate and municipal bonds. The typical portfolio includes six to eight asset classes.

For customers with $100,000 or more in a taxable account, Wealthfront also offers proprietary mutual fund called the Wealthfront Risk Parity Fund. The company says the fund offers greater exposure to asset classes with higher risk-adjusted returns.

The caveat? Though the expense ratio on the fund is lower than other risk parity funds, it is slightly higher than the other funds used in Wealthfront portfolios: 0.25%, bringing the weighted average expense ratio of portfolios that include the Wealthfront Risk Parity Fund to 0.11% (no more than 20% of a customer’s account can be invested in the fund). Plus, this is the one fund in Wealthfront’s lineup where the company itself benefits: Investors are paying that expense ratio to Wealthfront.

Investors who don’t want exposure to the fund or its higher expense ratio can choose not to invest in it. (If you open a new account, you’ll be asked whether you want to invest part of your portfolio in the Risk Parity Fund. If you don’t yet have $100,000 invested at Wealthfront and you sign up for the fund, you’ll receive emails reminding you when your account reaches that size. At any time, you can opt out of the fund by going to your account settings.)

Management fees: Wealthfront charges 0.25% for management, though the first $5,000 invested is managed for free if you sign up through NerdWallet. The company’s biggest independent competitor, Betterment, also charges 0.25% for its digital service. (For a full description of that company’s services and fees, read our Betterment review . We also have a full comparison of Wealthfront vs. Betterment .)

Wealthfront also has a referral program. If you invite friends and they fund an account, the company will waive fees on $5,000 for each of you.

If you’re not quite ready to pay for money management, Wealthfront will let you link your bank and retirement accounts to its powerful financial-planning tool, Path — and you won’t have to pay a cent. If you decide you want Wealthfront to manage your money for you, you’ll start paying the 0.25% fee. Keep reading below for more on how Path works.

Tax efficiency: Wealthfront offers daily tax-loss harvesting on all taxable accounts. New clients who transfer in assets may benefit from its Tax-Minimized Brokerage Account Transfer service. That service incorporates existing investments into the Wealthfront portfolio where possible and holds transferred securities that can’t be incorporated until capital gains become long-term.

For accounts with balances of $100,000 or more, Wealthfront beefs up its tax optimization services with stock level tax-loss harvesting. The basics: It’s harder to use tax-loss harvesting when you’re buying an index, so Wealthfront replicates the U.S. stocks index by buying the stocks held in it directly — up to 1,000 of them. Then its software can look for individual tax-loss harvesting opportunities. That tax savings can be reinvested, which compounds the potential impact of the service.

And for taxable accounts with balances over $500,000, the robo-advisor offers multifactor smart beta, where it weights the stocks in a portfolio based on various factors, including volatility and dividend yield, to further power potential returns, all for the same advisory fee that applies to all accounts.

If you’re a TurboTax user, when you file your taxes you can enter your Wealthfront account login information to import your tax-loss harvesting data.

Financial planning: Wealthfront’s free Path tool (for mobile and desktop) helps people plan for buying a house, retirement, college and general savings goals — and you don’t have to open a Wealthfront account to use it.

If you’re looking to build a retirement savings plan, the tool pulls in your current spending activity from your linked accounts, analyzes government data on spending patterns for people as they age, and then crunches the numbers to estimate your actual spending in retirement. The Path tool also incorporates long-term Social Security and inflation assumptions in its retirement-plan calculations.

In addition to bank and investment accounts, you can link your Coinbase account to track your cryptocurrency holdings.

Path’s home-planning tool incorporates your financial situation, home prices and mortgage rates to give you an estimate of how much house you can afford to buy. The tool lets you adjust your savings time frame to see different results, because you’ll be able to afford a bigger mortgage, say, in 10 years than you can right now. The tool also offers tips for how much to save each month and the best accounts to save in. Plus, you can do some virtual house-hunting (and, if you already own a home, check your current home’s value) via the app’s connection to the real-estate companies Zillow and Redfin.

Wealthfront also offers Time Off for Travel, a travel-planning tool that helps investors figure out how much time they can afford to take off, how much they can spend on travel and how that spending could affect their ability to reach other goals.

College savings: Wealthfront’s Path tool also lets parents pick the college they want their child to go to, then projects college costs, estimates financial aid and develops a monthly savings plan. Parents can link an outside 529 college-savings account or open one through Wealthfront, which is one of the few robo-advisors to offer its own 529 college savings plan. The service will walk users through opening a 529 account, recommend a savings goal and manage the account — slowly skewing conservative as the child approaches college age — for an all-in fee of no more than 0.46%, depending on investment expense ratios. The plan is sponsored by Nevada.

Investors should carefully evaluate Wealthfront’s 529 offering compared with their own state-sponsored plan, especially if your state offers a tax deduction or credit to residents who contribute; choosing the Wealthfront 529 would mean giving up that tax benefit.

Line of credit: Wealthfront customers who have at least $25,000 in their account can borrow up to 30% of the value of their portfolio, without filling out an application, undergoing a credit check or paying any fees. Wealthfront currently charges annual interest rates of between 3.9% and 5.15% (these rates change frequently).

High-interest savings: In early 2020, Wealthfront launched the Wealthfront Cash Account , a savings account that currently pays 0.26% interest, competitive with many online banks. Most notable about the account is that through white-label agreements with several banks, Wealthfront is able to offer up to $1 million in FDIC coverage, four times more insurance than the average bank account. Like other savings accounts, money deposited in the Wealthfront Cash Account is not subject to investment risk. The account charges no fees. If you also have a Wealthfront investment account, the investment management fee doesn’t apply to money in the cash account.

One thing to keep in mind: It’s possible to open a joint cash account, but only one owner will be able to log into the account; the other person will have read-only access. (Wealthfront says it plans to roll out joint access on cash accounts in the future.)

Where Wealthfront falls short

Cash balance: Wealthfront doesn’t buy fractional shares of ETFs, which prevents the company from investing your entire deposit. Also, it maintains a cash balance equal to the fees you’re projected to owe over the next year, so accounts are likely to experience a small level of cash drag. The percentage held in cash isn’t nearly as high as Schwab’s allocation , which is a minimum of 6%, but it’s worth noting for investors who would prefer the fractional shares offered by other robo-advisors.

Is Wealthfront right for you?

Wealthfront is one of the lowest-cost online advice solutions, and giving it a try comes with little commitment thanks to the company’s offer to manage $5,000 free of charge for NerdWallet users. The stock level tax-loss harvesting service also makes it worth a look for high-balance taxable accounts, and its digital financial planning tools are both useful and easy to use.

We also appreciate the addition of 529 plans to the account roster, as parents could benefit from college savings guidance. But investors should thoroughly investigate whether they’re passing up tax perks offered in-state before using an out-of-state alternative like this.

Arielle O’Shea also contributed to this review.

Acorns Review 2020: Pros, Cons and How It Compares

Acorns’ spare-change savings tool and cash-back rewards program make investing easy. But the management fee on small accounts is steep.

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our Take

The bottom line: Acorns merges the robo-advisor model with an automated savings tool, making it easier to build a nest egg. But whether Acorns’ flat fees are a pro or a con depends on your account balance: $1, $2 or $3 a month sounds cheap, but can be a high percentage of assets for investors with small balances.

on Acorns’s website

Acorns

on Acorns’s website

Account Minimum
Promotion

no promotion at this time

Pros & Cons

Automatically invests spare change.

Cash back at select retailers.

Educational content available.

Small investment portfolio.

High fee on small account balances.

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Acorns has modernized the old-school practice of saving loose change, merging the robo-advisor model with an automated savings tool. Acorns charges $1 a month for a taxable investment account, $2 a month to add on an individual retirement account, or $3 a month for an Acorns checking account — called Acorns Spend — plus investment and retirement accounts.

Acorns works by rounding up your purchases on linked credit or debit cards, then sweeping the change into a computer-managed investment portfolio. That approach is certainly a useful tool to save more.

Acorns is best for:

People who struggle to save.

Acorns at a glance

Where Acorns shines

Automated approach: We’re behind any tool that encourages mindless, automatic saving. If you don’t have to think about saving, you’re more likely to do it.

Acorns sweeps excess change from every purchase using a linked account into an investment portfolio. You can connect as many cards as you want, though all roundups are taken from the same linked checking account. With each purchase, Acorns rounds up to the nearest $1 and gives you the option to transfer that change into an investment portfolio. You can do that either automatically, so every purchase is rounded up and the change transferred, or manually, by going through recent purchases on the app and selecting which roundups to transfer.

Although these roundups are the bread and butter of Acorns’ platform, you can also invest lump sums manually or set up recurring deposits on a daily, weekly or monthly basis. Lump-sum transfers may be as small as $5.

The new Acorns Spend account is an online checking account and debit card (not just any plastic card, though — this one is made of tungsten, a heavy metal). Acorns Spend offers real-time roundups to your investment or retirement account, mobile check deposits, free ATMs (or reimbursed ATM fees), and requires no minimum balance.

» Want to choose your own investments? See our best online stock brokers round-up .

Minimum investment: There’s no minimum to open an account, but the service requires a $5 balance to start investing in one of Acorn’s five pre-built portfolios.

Found Money: The only thing better than building an investment portfolio out of a bunch of spare change is building an investment portfolio out of someone else’s money. Acorns’ Found Money program essentially lets you do that: It’s cash back for your investment account.

Acorns has partnered with more than 350 companies — including Airbnb, Warby Parker, Walmart, Nike and Sephora — to give you cash back when you use a linked payment method at one of the partners. In most cases, you get the cash back automatically, without an additional step. You simply use a card linked to an active Acorns account to make the purchase, and the Found Money rewards will land in your account in 60 to 120 days.

Educational content: We found the website well-suited to new investors, as it defines key terms and uses clear language. Acorns also publishes Grow Magazine, an online personal finance site geared toward millennials with advice about side gigs, credit card debt, student loans and other financial topics. Grow content is also integrated in the Acorns app.

Where Acorns falls short

Management fee: Whether Acorns’ fee is a pro or a con depends entirely on your account balance: it costs $1 a month for an Acorns Core taxable investment account; $2 a month for Acorns Later, an IRA account, plus the taxable investment account; and $3 a month for Acorns Spend, the checking account and debit card offering, which includes the investment and retirement accounts.

Flat fees like this are rare among robo-advisors, which typically charge a percentage of assets under management. A $1, $2 or $3 a month fee sounds cheap, but can be a high percentage of assets for investors with small balances. If you make only roundup contributions, you could hover in that zone for quite a while.

Here’s a look at Acorns’ fees expressed as a percentage of assets under management:

For context, Acorns competitors like Wealthfront and Betterment charge 0.25%, and generally offer a higher level of service, with tax assistance, better user interfaces and more diversified portfolios. Stash charges $1 a month for a brokerage account, plus a bank account with a debit card that offers rewards. For $3 a month, Stash gives you those offerings plus a retirement account (a traditional or Roth IRA). We would argue that Acorns provides more value than Stash by way of portfolio management.

Account fees: If you decide to move your investments out of Acorns to another provider, you’ll pay a steep fee for that convenience. Acorns charges $50 per ETF to transfer investments. Acorns isn’t alone in charging this type of fee, but theirs is on the high side. If you have, say, five ETFs, you’re looking at a $250 fee. A more common scenario among providers is to charge $75 to transfer all investments out.

Still, you can always choose instead to sell your investments and transfer your cash to a bank account. There’s no charge for that, though you might face capital-gains taxes in a taxable account.

Small-ish portfolio: Like other robo-advisors, Acorns takes the investing reins from the user. The app considers your data — including age, goals, income and time horizon — and then recommends one of five portfolios that range from conservative to aggressive. You can accept that recommendation or choose a different portfolio that takes more or less risk.

The portfolios themselves, though, are smaller than the average robo-advisor portfolio, made up of low-cost iShares and Vanguard exchange-traded funds that cover just five to seven asset classes, depending on the portfolio: real estate, large-cap stocks (domestic and international), small-cap stocks, emerging markets, and corporate and government bonds.

That’s enough asset classes for a diversified portfolio, no doubt. But if it feels too restrictive, you might prefer to build your own portfolio without the help of a service like Acorns. Our guide to how to invest in stocks will get you started.

» Want to compare more providers? See our picks for best robo-advisors .

Is Acorns right for you?

If you want to make the most of your spare change and get the occasional retailer kickback, there’s really no better place to do that — especially now that Acorns offers IRA accounts. The automatic roundups at Acorns make saving and investing easy, and most investors will be surprised by how quickly those pennies accumulate.

The downside? At small balances, Acorns fees can cut into or completely wipe away investment returns.

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