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Opencash - Win up to $10 million each year while investing in stocks | Product H...

 1 year ago
source link: https://www.producthunt.com/posts/opencash
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Opencash

Win up to $10 million each year while investing in stocks

Opencash (member FINRA & SIPC) is a brokerage firm that pays you up to $10M each year to be a long-term investor. Earn weekly prizes through random scratch-off tickets. Even if you don't win, you are still building a portfolio for the long term.
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Hi everyone! I'm one of the makers of Opencash (https://opencash.com).

How the app works: - 📈 Invest in stocks or ETFs in a SIPC-insured brokerage account (options trading is a couple of weeks away). - 🎟️ For every $100 worth of stocks or ETFs in your account, you earn 1 scratch-off ticket each week (For example, $500 is 5 tickets every week). - ⏰ Every Monday at 9PM ET, your scratch-off tickets will be released inside the Opencash app. - 🤑 Scratch your tickets to reveal hidden prizes. You could win $10,000 and your piece of the $10 Million prize pool each year. - 🥳 Even if you don't win a prize, you are still investing and building a portfolio for the long term. There's always a drawing next week.

Opencash's mission is to promote long-term investing in a fun and exciting way.

Based on historical data, holding a broad-based portfolio of stocks over an extended period significantly reduces your chances of losing your principal. In fact, the average holding period was 8 years in the 1950s. However, recently that holding period has decreased significantly. According to a Reuters study of the New York Stock Exchange (NYSE) data, the average investor holds their shares for 5.5 months, and that trend is getting shorter.

So if holding stocks for an extended period has proven beneficial, why are stock-holding periods getting shorter? Simply put, "forever" investing is boring. Instead, there is more excitement to realize profits more quickly. However, this approach could be costly to the investor if not done correctly.

Opencash aims to fix this problem by making long-term investing fun and exciting. To do this, we pool a portion of our earnings and redistribute it to you through our weekly scratch-off program. Therefore, as you grow your portfolio, we reward you for building good habits. Who says investing can't be fun?

Opencash is backed by Solanium Ventures, Stealth Capital, Solar Eco Fund, and other prominent investors.

We would love your feedback on the product. Let us know what you like and what we can improve! You can add suggestions to our roadmap: https://app.loopedin.io/opencash...

Use my invite link to earn "5 free tickets" when you sign up: https://welcome.opencash.com/jdF1

Download on iOS: https://apps.apple.com/us/app/op... Download on Android: https://play.google.com/store/ap...


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