Soon is unique in that it fully automates both the buying and selling of investment assets, utilizing sound investment principles. That means you don’t have to deal with the stress of constantly speculating on the market.
Once you’ve made a deposit in your connected exchange, Soon will help you establish automated daily, weekly or monthly investments.
To automate selling your assets, Soon can use a combination of AI, randomized asset check schedules, your current & historic personal spending activity, and the anonymized crowdsourced spending activity of others to determine when to sell & how much to sell.
Soon will automatically sell your best performing, profitable asset(s). Users who elect to connect their debit/credit card spending activity can supplement their normal spending, so when they have expenses, Soon can automatically look to offset their everyday costs with investment gains.
When you're frequently checking for gains, and taking them when they exist, there's no need to track the markets, worry about the timing, or get caught up in FOMO or panic. Soon automates investing so anyone can use it regardless of experience.
Your Soon account is capable of connecting to multiple trading platforms. Soon provides tools that communicate with the exchanges of your choice, driving automation directly within your connected exchanges.
Soon is designed to simplify portfolio management, buying, selling and taxes to make your life easier.
Yes, Soon works with crypto, which means the markets are always open! Soon works for you 24/7/365.
To set up your Soon account, first select your subscription.
Next, connect your preferred exchanges. You can see which exchanges are currently available here.
After connecting exchanges, select your portfolio.
Then you will decide the amount you want to invest and the frequency at which you'd like to invest.
From there you can either take the default AI selling strategy, or modify the settings yourself. This can be done by connecting your spending accounts, or by manually changing the selling configuration. Either way it's very easy and can be completed in a few minutes.
Finally, you can opt into reinvesting, stop-losses and tax loss harvesting, and tax stash.
The entire process can be completed in less than 5 minutes, though it may take slightly longer if you choose to manually adjust your investment options.
Soon is simple! You can simply utilize the assets that are first listed, or you can select your own portfolio from the assets available on your exchange.
Soon’s investment strategy automatically rebalances your account as it follows your spending activity, so long as you are depositing and spending regularly. Soon’s strategy is similar to dollar-cost-averaging on the way in and dollar-cost-averaging on the way out.
Yes! Tax-loss harvesting is available for all customers. It works hand in hand with tax stash and our automated stop-loss feature.
It is highly likely that short-term capital gains will be assessed as Soon is designed to take advantage of available investment gains in the short-term. However, Soon’s algorithm will always consider tax implications when making divestment decisions to ensure any gains taken are reasonably worth taking after calculating taxes.
Soon ensures that data is securely stored. Soon does not provide individualized investment advice, does not custody any assets, does not directly touch or transfer any of your investment assets.
Soon understands the importance of always earning and keeping your trust. To do so, our company promises transparent reporting and compliance with all relevant laws and regulations.
Soon requires you to create a basic account including your account credentials with an email address and password.
In order to utilize Soon, you must also connect a supported trading platform. In order to establish that connection, Soon has partnered with Mesh, a service that securely utilizes your exchange credentials.
Soon also partners with Plaid to enable the optional connection between your debit/credit cards, allowing Soon to utilize your spending activity as a trigger to sell profits. Plaid securely connects utilizing your credentials to access your spending activity.
Soon also partners with Stripe to manage your subscription. Stripe securely manages your payment information and processes your subscription.
Military-grade 256 bit encryption protects your data, especially any personal financial information. We also value your privacy. Your personal data is encrypted using methods that prevent anyone, even us, from accessing it without your permission.
A level of risk exists for any investment and Soon does not remove all risk from investing. However, Soon’s investment strategy is designed to reduce exposure to risk by selling assets that have increased in value, triggered by random and frequent checks of your investment positions.
Investment positions that are at a loss when your spending activity is observed will only be selected for divestment if they have hit your stopp loss trigger. Otherwise, they remain in your account until the market brings them back into a gaining position. As such, the more frequently you use Soon for your investments and transactions, the more likely it may be that an asset gain could be available.
Yes, you can reach Customer Support via email at support@soon.app, or click the support button in the app.
Soon is proudly domiciled in Lehi, Utah; commonly referred to as Silicon Slopes