Streetbeat Review [2024] AI Investing

Artificial intelligence (AI) is everywhere these days. An estimated 55% of companies are already using it. 

And with a cutting-edge investing platform like Streetbeat, you can use it, too!

Streetbeat harnesses the power of AI to create personalized investment portfolios for its users. Basically, you share your financial goals with the platform, and they recommend the assets that would be best for you.

That means you don’t have to develop your own investment strategy. Think of all the time and energy you’ll save!

In this Streetbeat review, I’ll explain how the platform works and why it’s both legit and trustworthy. 

What is Streetbeat?

Streetbeat is a high-tech investing platform that uses generative AI to help you manage your investment portfolio.  

The idea is to boost the returns on your investments by having AI select the optimal mix of stocks, bonds, exchange-traded funds (ETFs), and alternative investments. Pretty cool, right?

Best of all, the service is easy to use and relatively cheap with a $12.50-per-month subscription fee. That’s less than an Amazon Prime membership and comes with a far better opportunity for a return on investment (ROI). 

Many users also rave about Streetbeat’s mobile app’s simple and intuitive interface. The mobile app is available for iOS and Android. Streetbeat’s goal is to give everyone streamlined access to the stock market. 

How Does Streetbeat Work?

Streetbeat works by having AI manage your investment portfolio in alignment with your goals.

Here’s how to get started with Streetbeat:

1. Sign up. You can register on the official Streetbeat website or simply download the Streetbeat app, which is available for iOS and Android. 
2. Fund your account. The account minimum is literally $0, so you don’t have to break the bank to get started.
3. Set an investment goal. The platform’s AI will help you lay out your investment plans.
4. Choose an investment strategy. You can have the AI advisors build a strategy based on your ambitions or pick an existing portfolio that Streetbeat has already created.

*Note: There’s currently a promotion that will let you try Streetbeat for free for 7 days. After that, you’ll pay the monthly subscription fee of $12.50.

When setting an investment goal, you can describe your own intentions or choose from the potential goals that Streetbeat recommends. 

Suggested goals include:

• Capital growth: an investment horizon of 1 – 5 years
• Passive income: an investment horizon of 5 – 10 years
• Retirement: an investment horizon of 10 – 20 years

Once you’ve stated your goals, Streetbeat’s AI-powered advisors will analyze current market conditions and come up with an investment strategy for you. From there, you can use the platform’s “SmartPilot” feature to automatically invest your money. The AI advisor will rebalance your portfolio as things change, allowing you to optimize your portfolio in a volatile market.

If you don’t want a personalized mix of assets, you can select from a list of existing investment portfolios. Streetbeat offers a wide range of portfolio options, including:

• U.S. Congress Buys: This portfolio tracks the stocks that U.S. Congress members have purchased.
• Crypto Exposure: If you want to earn money from crypto, this portfolio can help you do it.
• Generative AI Revolution: This portfolio helps you profit from investments in AI.
• Nancy Pelosi Tracker: Think the longtime politician has an advantage? This portfolio matches her investments. 
• Republicans Win the Election: These investments stand to gain if Republicans control the government. 
• Democrats Win the Election: This portfolio could soar if the “Dems” are in control.
• Taylor Swift Strategy: Maybe the zaniest of all, this portfolio includes companies that capitalize on the megastar’s popularity.

Whether you create your own portfolio or choose an existing one, Streetbeat will keep you updated. The app is highly touted, receiving 4.7 stars on the Apple App Store and 4.3 stars on the Google Play Store. So you shouldn’t have any trouble following your investments!

You also have the power to make investment decisions yourself. The AI advisors might be the pilot, but you can take the wheel to buy and sell assets whenever you want. 

Try Streetbeat Now

Is Streetbeat Legit?

Streetbeat is a legitimate platform that uses AI-powered advisors to help you get the most out of your investments. 

What makes me so sure that Streetbeat is the real deal? The platform is run by a real company based in Palo Alto, California, and has over 20 employees working from around the world. Also, Streetbeat is registered with the Securities and Exchange Commission (SEC) as an investment advisor.

Does that mean your investments on Streetbeat are bound to be smashing successes? Not necessarily. Investing always carries some risk, even when you’re working with cutting-edge AI-powered advisors.

But you can use Streetbeat knowing it’s a real, trustworthy business.

Looking for other legit platforms that can improve your finances? Check out this list of secret websites to make money online.

Is Streetbeat Safe?

Streetbeat takes security seriously, and it goes above and beyond to protect your funds.

Before using a new financial platform, it’s normal to worry about something going wrong – especially during the transfer of funds. 

With Streetbeat, there’s an added security concern. To simplify the investment process, Streetbeat lets you sync existing brokerage accounts with the platform. Could your money and data become vulnerable during that process?

It’s highly unlikely, thanks to Streetbeat’s strict security measures!

During account integration, Streetbeat securely obtains (and regularly refreshes) the authentication tokens necessary for the process. They also use bank-level security systems and maintain rigid encryption protocols. 

That’s why this Streetbeat review is so confident in saying that the platform is completely safe. 

Pros and Cons of Streetbeat

Streetbeat is an exciting platform with some amazing features, but that doesn’t make it perfect. 

Let’s look at Streetbeat’s pros and cons in greater detail. 

Pros:

• The account minimum is $0. That makes it a great option for beginner investors.
• The app-based interface is state-of-the-art. Lots of online reviewers rave about the user experience. 
• There are several investment options. Want a personalized portfolio? Streetbeat’s AI will create one for you. Prefer to invest in an existing portfolio or make your own trades? You can do that, too!

Cons: 

• There’s a monthly fee of $12.50. That’s hardly a high cost, but it will chip away at your returns (or, in a bad month, pile onto your losses).
• There’s no option for a tax-advantaged retirement account. But you can base your investment goals around saving for retirement. 
• There are limited asset types available. For the most part, Streetbeat focuses on stocks, bonds, ETFs, and real estate (REITs). Want additional investment ideas? Check out this article on alternative investments, and read this guide to earning free money.

Streetbeat Reviews

Streetbeat might use AI-powered advisors to make investments, but its online reviews are definitely written by real people. And plenty of those reviews are positive, giving the platform an average of 3.6 stars on Trustpilot.  

In a 5-star Streetbeat review, someone said, “The app’s user-friendly interface makes it easy to use.”

Another reviewer said Streetbeat will “help you improve your performance.” They also pointed out that the platform is great for people who “don’t want to spend a lot of time trading.”

Unfortunately, not everyone has enjoyed their experience with the platform.

In a 1-star Streetbeat review, someone said they closed their account because of high withdrawal fees. 

But here’s some good news: A Streetbeat representative responded by saying that the withdrawal fee has been removed.

Streetbeat Reviews Reddit

Over on Reddit, someone asked if Streetbeat is a good app for a beginner investor.

One person responded with a glowing Streetbeat review, saying the app is convenient and that their younger brother was able to use it effectively without any investing experience.

Someone else mentioned that the app has a “simple and intuitive interface.” So this is another Streetbeat review that leaves high marks for usability!

Only one person in the thread left a negative Streetbeat review. Their exact complaint is tough to decipher, but it seems they thought the platform’s “AI bot” didn’t create a balanced portfolio. 

Streetbeat Reviews BBB

Streetbeat doesn’t currently have a page on the Better Business Bureau (BBB) website. 

Surprising? Yes. Streetbeat has been around for a while, so I’d expect them to get a grade from the BBB.

I’ll keep my eyes peeled for future Streetbeat reviews on the BBB website. Be sure to check back here for any updates!

Is Streetbeat Worth It?

Streetbeat is worth it for anyone who wants to take an innovative approach to investing.

With AI-powered analyses, an app-based interface, and portfolios built around Nancy Pelosi and Taylor Swift, this definitely isn’t your grandparents’ brokerage platform. Streetbeat is proud to be on the cutting edge. 

Also, with Streetbeat, you don’t have to sink too much mental energy into your investments.  

Are you busy, or do you simply have better things to do than watch stock tickers all day? Then, Streetbeat’s AI could be a serious timesaver. The platform will build a forward-thinking investment portfolio based on your personal goals, and you’ll barely have to move a mental muscle.

And if you’re still looking for a reason to try out this modern investing app, Streetbeat has a “Deposit Bonus Program” where they reward members for depositing funds into their Streetbeat account. 

For more help with financial decision-making, read this article on the best way to invest money. 

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Commonly Asked Questions About Streetbeat

Streetbeat Competitors / Alternatives to Streetbeat / Similar to Streetbeat? 

Here are some high-tech investment platforms that are similar to Streetbeat:

• Magnifi
• Acorns
• Public (read full Public.com Review)
• Stash
• M1 Finance

And if you’re interested in alternative investments like real estate, wine, and gold, check out these investment platforms:

• Groundfloor (read full Groundfloor Review)
• Vinovest (read full Vinovest Review and Vint vs Vinovest comparison)
• Goldco (read full Goldco Review and Goldco vs Augusta Precious Metals comparison)

What is The Catch With Streetbeat?

Streetbeat doesn’t have a “catch,” but the $12.50 monthly fee is probably the closest thing. I know, I know – fees are annoying. But when you remember that the app’s AI is basically acting as a financial advisor, the cost seems pretty reasonable. 

Is Streetbeat a Scam?

Streetbeat is a legitimate investment platform with lots of positive reviews, so it definitely isn’t a scam. The platform is also registered as an advisor with the SEC. 

Is Street Beat Reliable?

Streetbeat is a legitimate platform that uses bank-level security measures to protect its user’s funds. So in that sense, it’s 100% reliable. But can you reliably count on earning money from your investments? No, because no investment is ever a “guaranteed success.” But some Streetbeat users have reported decent returns. 

How Much Does Streetbeat Cost? 

Streetbeat charges a monthly fee of $12.50, with a 7-day free trial for new users. They used to charge a withdrawal fee as well, but the company’s representatives have publicly stated that the fee no longer exists. 

Streetbeat Promo Code?

You can find referral codes for Streetbeat on Reddit and other sites, but many of them are a few years old and might not work. Streetbeat also offers all new customers a 7-day free trial with no promo code needed. 

Streetbeat Withdrawal?

You can withdraw money from your Streetbeat account by tapping the wallet icon within the app and then selecting “Withdraw.” Just a heads up: It can take up to 6 days for the money to appear in your bank account.