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Stash Invest Review 2019

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Stash is a investing app that makes investing simple. Stash makes finding investments easier thru exchanged traded funds and stocks. You can start investing with Stash for just $5. The company puts funds into easy to understand themes for investors based on their risk tolerance. You can invest factional shares in both stocks and ETF’s. Stash gives you the chance to build a portfolio with smaller amount of money to get started.

Stash offers banking and a cash back program with your debt card. Stash banking has no overdraft fees or minimum balance requirements. You get nationwide access to 19,000+ fee free ATMs.

Stash Snapshot

Promotions: $5 Sign Up Bonus

Account Minimum: $5

Fees: Fee of $1 for account balances under $5000. If your account balance is over $5000 the fee is 0.25%. No annual, outgoing or incoming transfer fee.

Account Options: Individual taxable account, Traditional and Roth IRA, Custodial accounts.

Customer support: Phone and email support

SIPC Insured: Stocks and ETF’s in your account are protected up to $500,000 (including $250,000 for claims for cash).

How Does Stash Work?

Stash is makes it easy to sign up. You can download the app or sign up on their website. In order to sign up you need to provide your social security number and link your bank account. It takes about 2-3 days for your money to transfer to stash. Stash is only available in the U.S. and you must be 18 years old.

Once you create your profile and fund your account, you can provide your investment goals and age. Stash will give you investing options based on three risk levels, conservative, moderate, and aggressive. You can explore the different risk options and see what is best for you situation. After that you can pick from ETF’s in various sectors or you can pick from stocks.

Stash Investing

Once you start investing with just $5 you can pick from either stocks or ETF’s. Stash is good in that you can buy partial shares of stocks this can help you diversify when you have little money to start investing with. Stash offers over 140 individual stocks that you can buy or buy fractional shares of. Users can see the performance and chart of the stocks. The fund selection that Stash offers goes from safer funds like a bond mix to risky investments like their aggressive mix. Stash offers a auto stash feature that allows you to schedule times to make automatic deposits into your stash account.

Stash Retire

Stash Retire offers two accounts for you retirement. Stash offers traditional and Roth IRA account types. In a stash retirement account, you can contribute up to the IRA contribution max limit of $5,500 per year or $6500 if you are 50 and older. The monthly fee for Stash Retire is $2 for accounts under $5000 and 0.25% for accounts above $5000. Stash does not charged fees for customers that are 25 and under for stash retire.

Stash Banking

Stash will offer banking and is currently offering a cash back program. You can join a waiting list to reserve your spot for the banking program. Stash banking has no minimum balance requirements, zero monthly fees or overdraft fees. You get nationwide access to 19,000+ fee free ATMs. Stash also offers a cash back program that lets you link up to 3 credit or debt cards. Stash offers cash back rewards with businesses nationwide.

Pros and Cons

Pros

  • Low Minimum balance of $5
  • You can buy partial shares of stocks and exchange traded fund
  • Stash Cash back program
  • Auto stash

Cons

  • High cost for traders with a low account balance. A $1,000 balance with a $1 fee per month of comes to a fee of 1.20% for the year.
  • High expense fees for exchange traded funds compared to competitors.