There are so many different available options for investing today, though don’t let this seemingly endless array of investments overwhelm you. If you prefer a simplified approach to investing geared towards relatively straightforward goals such as passive wealth accumulation and/or saving for retirement, then Stash Invest could be just what you’re looking for.
Stash Invest launched its first app in 2015 with the goal of simplifying the investment process so even folks with just $5 to invest could try it out. Oftentimes people who feel like they’re broke avoid getting into the investment game because they mistakenly believe they don’t have enough money to invest. Among the many myths surrounding investing nowadays, the notion that you need to have at least $1,000 ready to go and a human stockbroker to manage your portfolio are the biggest myths that prevent people from investing in their futures.
If you’ve been looking for a low-cost, low-risk way to dip your toes into the world of investments, then an SEC-registered investment adviser like Stash might be what you’ve been waiting for:
What Is Stash?
The main idea on Stash’s homepage is: “Stash is investing, simplified.” Stash emphasizes mixed portfolios of ETFs that you can customize for your age, lifestyle (e.g., personal values and political beliefs), and investment goals. For instance, environmentally conscious investors can opt to invest in green-friendly companies and ETFs, tech-savvy beginning investors can choose from an array of top-notch tech funds, and social media superstars may choose to invest in publicly traded social platforms that they know a lot about.
Stash is also planning on rolling out retirement investment accounts in the near future, so you’ll be able to start planning for your golden years even if you don’t have a huge amount of money to invest with right now.
Stash Invest has an entire section on its website dedicated to informative resources ranging from lengthy explanatory articles about investing to quick tips to help you learn more about different types of investments.
One cool feature of Stash’s website that you’ll notice as you browse through their webpages is that some words are underlined and by hovering your arrow over them, a definition automatically appears on your computer screen. This demonstrates just how far Stash is willing to go to simplify every step of the investment process for folks who may have no experience or knowledge in these complicated subjects!
How Much Does Stash Cost?
Stash only charges $1 per month to manage accounts with less than $5,000 deposited, or 0.25% annual management fees on accounts with more than $5,000 (which equates to roughly $12.50 per year for an account with $5,000 deposited). You can set up auto-deposits on your investment accounts directly linked to your bank accounts to ensure you’re regularly adding to your balance and growing a nest egg for the future.
There are no hidden fees involved. After all, Stash is all about simplicity in investing. So, $1 per month isn’t much compared to the more expensive alternatives!
Get Started with Stash
To get started with Stash Invest, all you need is $5 and 2 minutes. You’ll first be asked for your name and a new password for your account, along with which device you’re using (iOS or Android). On the following page, you’ll be asked for your first and last name, as well as your birthdate. The next page will ask you what your investment style is conservative, moderate, aggressive – along with useful descriptions of each to help you decide which one suits your needs the most.
You’ll also be asked for your employment status (and where you work, if you have a job currently), as well as your current income, the value of things you own (subtracting your debts from the gross amount), how long you plan on investing for, and other personal details such as your citizenship status (to keep records of your earnings for U.S. tax laws). Towards the end, you’ll be asked for your Social Security number on a secured webpage (DigiCert EV SSL secure).
If you’ve been hesitant about investing or think you don’t have enough money to get started, then Stash Invest would be great for helping you overcome your reservations with minimal risk involved. There is no “right time” to start investing, so stop waiting and start making your money work for you by investing it with Stash for as little as $1 per month.
Building wealth with just $5 seems pretty hopeless, but you can invest small amounts painlessly using an app like Acorns, Ally Invest or Betterment. You set the amount and frequency; the app deducts the money and invests it for you. With some apps, the money that goes in, say $5 a week, earns interest.
You only need a few things to get started with Stash: Four dollars ($4) – $3 for your monthly subscription fee and at least $1 to put in your Personal investment account. A bank account with a U.S. bank.
With Cash App, you can buy fractional shares of a company's stock with as little as $1. You can buy fractional shares using Cash App Investing. First, search for a company name or ticker symbol, then choose how much of the stock you want to buy, either from a preset amount or a custom amount you enter.
If you're new to trading, it's important to start small and learn the ropes before putting in too much money. One of the best things about Binance is that you can start trading with as little as $5. This makes it a great platform for beginners who want to learn the basics of trading without risking too much money.
Stash's Cash+ portfolio grows your money a little bit every day. Get a 5.5% effective annual growth rate (we give 31 days' notice of any change) no matter what happens to the markets.
We're all about transparency. Unlike other investment apps, we don't have banking overdraft charges 2 or add-on transaction fees†—just a flat monthly subscription ($3 or $9 per month) for access to all your money needs.
Earn up to 1% in stock when you spend at a public company. Paying for rent or shopping local? Just choose your stock reward in the Stash app. Plus, get up to 3% in stock when you put streaming services, like Netflix, Spotify, Disney+, and Hulu on your card.
Is paying for Stash worth it? The Stash subscription fee may be worth paying if you're a new investor who wants access to customized portfolio recommendations and personal finance advice. It may also be worthwhile for people who make frequent debit card purchases and want to earn stock rewards.
Stash offers banking access that helps you take control of your finances: get your paycheck up to two days early, avoid overdraft fees,2 automatically save and invest, and earn stock with the Stock-Back® Card.
You only need a few things to get started with Stash: Four dollars ($4) – $3 for your monthly subscription fee and at least $1 to put in your Personal investment account.
All Stash accounts are held by our trusted partner and custodian Apex Clearing, a registered broker-dealer regulated by FINRA. At Apex, your investments are protected up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investor Protection Corporation (SIPC).
One of the best ways for beginners to learn how to invest in stocks is to put money in an online investment account and purchase stocks from there. You don't have to have a lot of money to start investing. Many brokerages allow you to open an investing account with $0, and then you just have to purchase stock.
Instead of buying a whole share of stock, you can buy a fractional share, which is a "slice" of stock that represents a partial share, for as little as $5. For example, if a company's stock is selling at $1,000 a share and you were buying $200 worth of it, you would own 0.2 (20%) of a share.
Minimum investment amounts can vary based on the mutual fund in question and can stretch anywhere from $1.00 all the way to $1 million or more. Hedge fund minimum investments can be even larger, as can some LPs and unit investment trusts.
By setting aside just $5 per day (or around $150 per month) and investing it at a 6% return, your savings would grow to: After 10 years: $23,725. After 20 years: $66,214. After 30 years: $142,304.
Starting to invest with a small amount of money isn't an issue. However, it's important to know how much you can afford to invest, as you don't want to harm your personal finances in the process.
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There are so many different available options for investing today, though don’t let this seemingly endless array of investments overwhelm you. If you prefer a simplified approach to investing geared towards relatively straightforward goals such as passive wealth accumulation and/or saving for retirement, then Stash Invest could be just what you’re looking for.
The main idea on Stash’s homepage is: “Stash is investing, simplified.” Stash emphasizes mixed portfolios of ETFs that you can customize for your age, lifestyle (e.g., personal values and political beliefs), and investment goals. For instance, environmentally conscious investors can opt to invest in green-friendly companies and ETFs, tech-savvy beginning investors can choose from an array of top-notch tech funds, and social media superstars may choose to invest in publicly traded social platforms that they know a lot about.
