You’re new to invest, and don’t know where to start? You may be a little seasoned but still want guidance to determine exactly where–and how–to invest your money.
Okay, Stash is a guidance network that just wants to help you do that. Stash not only helps you to invest in small amounts and buy fractional shares, but also provides you with a variety of interesting portfolios and assets you can purchase.
In reality, Stash has more options to offer than many investment firms. Here’s our full review of the Stash Invest.
What Is Stash?
Stash, which was launched in 2015, is an all-digital financial services offering aimed squarely at younger investors to help them spend, save and invest wisely.
It has a user-friendly interface, and is more focused on saving and spending than on savings. It offers what are called buy-back transactions which allow you to earn stock shares or ETFs when you make purchases with a debit card from Stash.
Stash is an app that aims to make investing in the investment world simple and enjoyable for anyone, even if you’re brand new.
It will not administer your accounts for you, but it will direct you through the process of selecting the right investment to match your particular needs.
Steps to Take First
Once you sign up online, you’ll be asked by the app to answer some questions about yourself. These are designed to provide the app with an idea of your financial situation, your investment and life outlook, and your future plans.
The app will then curate a customized portfolio to choose from, giving you investment options that match not just your income but your values and goals as well. Signing up for Stash includes a free $5 bonus for a limited period of time.
Stash also serves to educate and direct its users, offering loads of educational in-app content. Of course, even this content is tailored to your own investment profile so you can easily access topics that really apply to you and your situation.
Even if you’ve never invested a penny before, Stash wants to make sure that you are comfortable and confident in your new portfolio choices. This app couldn’t be easier to use.
Check Out The Pros and Cons of Stash
Who Uses Stash?
Stash’s target population includes inexperienced investors, beginners and passive investors.
Beginners and Passive Investors
Stash’s simple investment philosophy of investing based on value and themes is simplified by giving a widely understandable name to its portfolio/ETFs.
Investors with Limited Funds
The $5 required minimum initial investment helps those with financial limitations take the plunge into the financial markets.
Stash Investment Account
A Stash Investment Account is another type of account you can easily set up on Stash. It allows you to invest in Stocks, ETFs, and Bonds with as little as $5.00 through what are known as fractional shares.
Stash offers three main subscription plans that can be set up depending on your financial goals.
Let’s quickly go through each one and see what they offer.
Beginner [$1/mo]
Growth [$3/mo]
Stash+ [$9/mo]
Stash Online Banking
Stash has an optional online banking account and Visa debit card that you can sign up for with your account. Some of the features of the account include:
Early payday (Get paid up to 2 days early)
No overdraft fees.
No monthly maintenance fees.
Access to thousands of fee-free ATMs.
No minimum balance fees.
Stock-Back®Rewards for everyday spending.
Setup automatic transfers to keep the account funded.
This account is included in the regular monthly fee, and doesn’t have additional fees.
Stash Stock-Back Rewards
Stash introduced a cool feature a while back that they call “Stash Stock-Back® Rewards” .
It’s a rewards program of sorts that works in conjunction with your Stash debit card and your online banking. Instead of getting cash back, however, you’re getting fractional shares of stock were eligible.
Here’s how It Works
Make a purchase with your Stash Visa at any of 11 million businesses nationwide, and you’ll get rewards for that purchase in the form of a fractional share of stock for that company (or for a diversified ETF index fund if that company isn’t available).
For example, if you buy something on Amazon with your Stash debit card, you’ll earn AMZN Stock-Back® as a reward.
As soon as you make a purchase using your Stash debit card, you should get a notification of the stock that you’ve earned.
You’ll earn 0.125% Stock-Back® rewards on everyday purchases, and up to $5 Stock-Back® rewards at certain merchants. The stock will be added to your taxable brokerage account within your app.
Stash Invest Service Fees and Minimums
Where the rubber meets the road is just how much you’ll be paying to use Stash Invest. What are the fees and minimums for using the service?
First of all, there is a $5 minimum in order to have an account, and you only need $5 to invest. So the service is accessible to just about everyone.
Click Here to know How Stash Invest Work
Stash helps you stay interested in how your money is invested and how it develops, and might help alleviate the worries that many new investors have-such as not understanding the language, or worrying that they don’t have enough money to start.
With Stash you can kick start your investment journey with as little as $5.
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