It's no secret far too many Americans haven't saved enough money for retirement. One reason why is because people don't start saving early enough to take advantage of compounding interest. 

That's why Shark Tank star Kevin O'Leary, chairman of O'Shares ETF Investments, started Beanstox an app that allows users to invest in fractions of shares of stocks. O'Leary said those who can't afford a share of Apple (AAPL)  may be able to afford a fraction of a share.

Meanwhile, O'Leary is more bullish on the Russell 2000 index than the S&P 500. He said the small-cap companies in the Russell 2000 derive most of their revenue domestically and aren't as affected by currency fluctuations.

Watch More with TheStreet:

 

More from Video

Raw Commodities Reached Cyclical Low; 2019 To See Comeback

Raw Commodities Reached Cyclical Low; 2019 To See Comeback

Jim Cramer: Uber and Lyft IPO's Are 'Not Welcome' in This Market

Jim Cramer: Uber and Lyft IPO's Are 'Not Welcome' in This Market

Jim Cramer Says That Tesla's a 'Cold Stock'

Jim Cramer Says That Tesla's a 'Cold Stock'

'Apple's Stock Is Getting Killed Again,' Says Jim Cramer

'Apple's Stock Is Getting Killed Again,' Says Jim Cramer

Apple and Tesla: Jim Cramer Tells You Everything You Need to Know

Apple and Tesla: Jim Cramer Tells You Everything You Need to Know