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There are many ways to invest your money in the market from online discount brokerage accounts to robo-advisor platforms. Increasingly, a number of apps have sprouted to help people skittish about investing get their feet wet.
Stash is for beginners who want to learn how to invest in small dollar amounts. It's a good app to get you comfortable with the idea of investing and learning the jargon. This is where Stash shines–their educational content is easy to understand and delivered timely.
Stash offers investing and savings app to users. The Stash Invest app allows you to start investing with as little as $5 with an easy to use platform and theme-based investment options. It's investing and an educational resource rolled into a useful app. Stash offers 30 different themed investments from which investors can choose risk tolerance and personal preferences. The Stash app allows investors to buy additional investments, diversify, and monitor the progress of those investments.
Stash Invest is best for beginners or those needing more investment guidance.
Stash doesn’t manage investor accounts but helps guide investors through the process of building an ETF portfolio. The Stash service has a $5 minimum investment and charges $1 a month for account balances under $5,000 and a 0.25% annual fee for accounts with $5,000 or more.
Stash Invest offers you investment recommendations, but you do the investing. Learn as you go but get the assistance through the app advisory service.
After opening an account, you complete a questionnaire that will help Stash determine your risk tolerance. Stash will then present you a list of investment options from which you choose. Stash provides personal guidance to help you, but you can decide to invest in what you believe is important to you.
There are no commissions or trading fees, but other fees may apply. For instance, an NSF (nonsufficient fund) for an automatic transfer may lead to $30 fee.
With Stash Invest, there is a $5 minimum balance requirement.