What Is Stash Invest?
Stash is an online and mobile app investing platform that makes it easy for a small investor to get started investing in an array of markets. The system is designed to help beginners find the resources they need to make good investment choices.
How Does Stash Work?
You can invest in small increments that you use a direct deposit to fund. Stash allows you to buy fractional shares, so you don’t need to spend a lot to start investing. If you have children or are interested in creating a retirement account, this investing app can create those accounts too.
Stash doesn’t require an investing minimum to make it easier for new investors to get started. You can also use the app to open an online checking account. This checking account offers you the chance to get paid a few days early if you direct deposit your paycheck.
Is Stash Right for You to Invest?
If you’re new to investing or don’t have a lot of disposable income for investing, then Stash might be the right fit for you. The app is also great for investors who want recommendations for investing or need a little extra advice.
Stash Products and Services
Stash bills itself as a financial and investment company designed to help first-time and small investors. The online dashboard and mobile app provide an investment service, where you can buy fractional shares.
Investing
In traditional investing, a person needs to buy multiple shares of stock to make a purchase. Depending on the stock, this can be a lot of money to start investing, but with Stash, you can buy a small part of a single stock. This can help you earn more and begin investing more.
Banking
Stash also offers online banking. This includes a debit card, where you can round up each purchase to the next dollar, and the change gets invested into your investment account. The banking account is free, and there aren’t any overdraft fees. Also, if you have direct deposit, you can get your paycheck a few days early.
Stock-back Card
This debit card comes with your bank account and allows you to use the funds in the account. Each time you make a purchase, the card automatically rounds up to the next dollar and invests the funds in your stock portfolio.
Retirement
You can open an investing account to build wealth for your retirement years. Depending on the plan you choose, there may be tax advantages.
Family
Stash offers you the option of saving for your child’s future with a custodial account. You can make investments and grow the funds to give to your child when they start college.
Stash Invest Mobile App Features
Stash is designed for new investors, so the features are limited. You can create an account and make investment choices on the app. You can also review your current investments and their growth.
The Stash app also allows you to manage your bank account and stock-back card from the app. While the features are limited, you can accomplish everything with the app that you do on the Stash website.
Cost of Using Stash
Stash offers you the choice of three plans, each with its own benefits and price points. You pay monthly for the subscription plan. There are:
- Stash Beginner: It cost a dollar a month and benefits include:
- Investing
- Banking
- Stock-back card
- Strategies for investing
- Recommendations for a portfolio
- Life insurance of a thousand dollars
- Stash Growth: Three dollars per month fee with all the benefits of Stash Beginner and:
- Smart portfolio
- Retirement portfolio
- Retirement savings with tax benefits
- Stash+: It costs nine each month and includes the benefit of the first two accounts along with:
- Kid’s portfolio
- Exclusive bonuses on the stock-back card
- Twice the stock-back rate with the card
- Premium advice and research
- Life insurance of ten thousand dollars
Stash’s banking account doesn’t have any fees associated with it, including overdraft fees.
How to Get Started With Stash
You can get started with Stash in a few minutes.
- Visit the Website or Download the Stash App: On the Stash website or mobile app, you start by creating your account with your email address and a password of your choosing.
- Fill Out Your Profile: You’ll need to provide your personal information, such as legal name, address, Social Security number, date of birth, and more. You might need to upload documents to provide proof of identity and your citizenship status.
- Choose an Investment: You can use the app to get advice on choosing your investment or opt for one that you’re interested in.
- Link Your Bank Account: After you create your investing account, you need to link a way to fund it. You might create a weekly or monthly draft from your regular checking account to ensure that you’re investing routinely. You can always change the amount if it’s too much or too little.
