Stocks represent ownership in a company, while bonds are debt securities issued by corporations or governments. Stockholders have an equity stake and may benefit from growth and profitability, while bondholders are lenders and receive fixed interest payments over time. Bonds are considered safer than stocks, but generally have a lower return.

An exchange-traded fund (ETF) is like a basket that holds different investments, such as stocks or bonds. It trades on stock exchanges like a single stock. ETFs offer easy access to various markets and are often less expensive than mutual funds, which makes them a popular choice for investors looking to diversify.

Stock investing involves risks such as market volatility, potential loss of capital, and company-specific risks. The value of stocks can fluctuate based on economic conditions, company performance, industry trends, and other factors.

Yes. You can pick from pre-built portfolios, hybrid portfolios and self-directed portfolios, and hold as many portfolios as you like simultaneously.

Eko charges an annual management fee of 0.5% based on the value of assets in the Investment Account. For example, with $1,000 in the account the fee is $5 per year. The fee is charged monthly in arrears and deducted automatically, so nothing needs to be done to pay it.

Charges happen at the end of every month. Eko automatically sell a small piece of the portfolio to cover the management fee, equal to 1/12 of the annual fee. 

Go to ‘Fund/Withdraw’ and select a funding amount, then select your checking account. This can be an already-connected credit union account, or an account at a third-party financial institution. For third-party institutions, Eko uses Plaid.