Introduction
Investing can be intimidating, especially if you’re a beginner. But with the right tools and guidance, anyone can start investing and grow their wealth. That’s where Stash comes in. Stash is an investment app that makes it easy for anyone to invest in stocks, bonds, and ETFs. In this Stash app review, we’ll take a deep dive into the app and see if it’s the right investment platform for you.
What is Stash?
Stash is a user-friendly investment app that was founded in 2015. It’s based in New York City and has over 5 million users. The app allows users to invest in stocks and ETFs with as little as $5. One of the unique features of Stash is that it offers a range of investment options that are curated by its team of experts. This makes it easy for beginners to start investing without having to do extensive research or analysis.
How Does Stash Work?
Stash works by offering users a range of investment options that are divided into themes. These themes include Clean & Green, Entertainment, Internet Titans, and many more. Users can choose the theme that aligns with their interests or values and start investing in a diversified portfolio of stocks and ETFs.
Stash Features
Stash offers a range of features that make it easy for users to invest and manage their portfolios. Some of the key features include:
Auto-Stash:
This feature allows users to set up automatic investments on a weekly or monthly basis. This makes it easy to invest regularly and grow your portfolio over time.
Custodial Accounts:
Stash allows parents or legal guardians to open custodial accounts for their children. This is a great way to start investing for your child’s future and teach them about investing.
Stash Retire:
Stash Retire is a retirement savings account that allows users to invest in a range of retirement-focused ETFs. This is a great option for anyone who wants to start saving for retirement but doesn’t have access to a 401(k) or other employer-sponsored retirement plan.
Stash Fees
Stash charges a $1 monthly fee for accounts with balances under $5,000. For accounts with balances over $5,000, Stash charges a 0.25% annual fee. This fee is competitive with other investment apps and is a small price to pay for the convenience and ease of use that Stash offers.
Stash Pros and Cons
Pros:
– Easy to use and navigate – Low minimum investment amount – Curated investment options – Auto-Stash feature makes it easy to invest regularly – Custodial accounts available for children – Stash Retire allows users to save for retirement
Cons:
– Limited investment options compared to other platforms – No tax-loss harvesting feature – Monthly fee for accounts with balances under $5,000
Is Stash Right for You?
If you’re a beginner investor who wants a user-friendly platform with curated investment options and an auto-investing feature, Stash is a great option. However, if you’re an experienced investor who wants more control over your portfolio or access to more investment options, you may want to consider other platforms.
Conclusion
In conclusion, Stash is a great investment app for beginners who want an easy and convenient way to start investing. With its curated investment options, auto-investing feature, and retirement savings account, Stash is a user-friendly platform that can help you grow your wealth over time. While it may not be the best option for experienced investors, it’s definitely worth considering if you’re new to investing.
