Introduction
Stash is a popular investment app that allows individuals to invest in stocks, bonds, and ETFs. It was launched in 2015 and has gained a lot of popularity since then. The app is designed to make investing easy and accessible to everyone, regardless of their financial knowledge or experience. In this article, we will provide an in-depth review of Stash and its features.
Signing Up
Signing up for Stash is a simple process. You can download the app from the App Store or Google Play Store and create an account. The app will ask you a few questions to determine your investment goals and risk tolerance. Based on your answers, it will recommend a portfolio for you. You can also choose to build your own portfolio by selecting individual stocks and ETFs.
Features
Portfolio
Stash offers a range of portfolios to choose from, each with a different risk level and investment strategy. The portfolios are designed to be diversified and include a mix of stocks, bonds, and ETFs. Stash also offers a feature called “Auto-Stash” where you can set up automatic investments on a daily, weekly, or monthly basis.
Education
Stash provides a lot of educational content to help investors make informed decisions. The app offers articles and videos on various investment topics, as well as a glossary of investment terms. Stash also has a feature called “Stash Learn” where you can earn points for completing educational tasks.
Fractional Shares
Stash allows you to buy fractional shares of stocks and ETFs. This means that you can invest in companies that have high share prices, without having to buy a whole share. Fractional shares make it easier to diversify your portfolio and invest in companies that you might not otherwise be able to afford.
Fees
Stash charges a monthly fee for its services. The fee ranges from $1 to $9, depending on the level of service you choose. Stash also charges a fee for each trade you make. The fee is $0.99 for individual trades and $2.00 for instant trades.
Pros and Cons
Pros
- Easy to use
- Diversified portfolios
- Fractional shares
- Educational content
Cons
- Monthly fee
- Fees for each trade
- Limited investment options
- No tax-loss harvesting
Conclusion
Overall, Stash is a great investment app for beginners or anyone looking for a simple and easy way to start investing. The app offers a range of portfolios to choose from, as well as educational content to help you make informed decisions. However, the monthly fee and fees for each trade may be a drawback for some investors. If you are looking for more advanced investment options, Stash may not be the best choice.
References
- https://www.stash.com/
- https://www.nerdwallet.com/reviews/investing/advisors/stash
