The goal of Stash’s all-digital experience is to assist younger investors in wise money management so they can position themselves for future financial success. Stash has centered its platform on teaching users a broad range of financial and investment subjects to advance this aim. Stash preserves investment freedom without using complex financial language. You can choose to use the completely automatic Smart Portfolio option or pick the products yourself. We’ll go into further information about Stash so you can decide if this is the platform that is best for you.
Company Summary
| Account Minimum | $5 for Smart Portfolio |
| Fees | Monthly subscription tiers at $3 and $9 |
| Goal Setting | Retirement, wealth building, money management, rainy day |
| Available Assets | Stocks, ETFs, REITs, crypto, bonds |
| Interest Paid on Cash Balances | 0% |
| Customizable Portfolio | Yes, only based on investor profile with reasonable exclusions |
| View Portfolio Before Funding | Yes |
| Customer Service | Chatbot, email, phone |
| Financial Advisor Available | No |
| Cash Management | Banking, Stock-Back card, early payday |
| Tax-Loss Harvesting | No |
| External Account Sync/Consolidation | No |
| Mobile App | Android, iOS |
Company Overview
With both automated and do-it-yourself investment options, Stash is an ideal platform for novice investors. The simple investing program provides specific stocks and exchange-traded funds (ETFs) that are categorized by several market sectors, including energy, technology, and more.
To assist in finding excess money and investing it, Stash Invest provides options like Set Schedule, Round-Ups, and Smart-Stash. Additionally, a respectable array of tools to monitor your objectives, lower overall risk, and reinvest profits for maximum returns are provided by its automated portfolios.
Pros and Cons
| Pros | Cons |
| No account minimum for basic accounts | No tax-loss harvesting or other tax optimization strategies |
| Extensive and readily accessible educational material | No automated IRA portfolio management |
| Innovative Stock-Back card pairs spending with stock rewards | No human financial advisors |
| Investment customization includes a DIY option for all accounts |
Account Types and Features
You can invest in individual stocks and exchange-traded funds (ETFs) using the money management app and online investing platform called Stash Investing. You can also purchase fractional stock shares with it. Because Stash doesn’t manage or invest your money automatically, it differs from a typical robo-advisor. Rather, it selects investments and makes suggestions according to your preferred degree of risk.
Unlike its rivals, Stash uses a different business strategy. Customers pay a monthly subscription fee based on three account tiers in place of commission fees:
- Stash Beginner: $1/month ($12 annually)
- Stash Growth: $3/month ($36 annually)
- Stash+: $9/month ($108 annually)
A beginner account is called Stash Beginner. The premium accounts Stash Growth and Stash+ come with further features and advantages. Each of the three accounts includes a free Stock-Back® Card debit card and an associated online bank account.
Establishing an account is simple. You will be questioned about your financial objectives and other matters when you first sign up. After there, you’ll fund your Stash account with cash and select one of three account kinds. You can begin investing as soon as your account is funded.
How To Open An Account?
The procedure of creating an account with Stash is easy. You will be able to choose your first stock investment from a menu as soon as you start the onboarding process and provide personal information. Additionally, you are free to postpone choosing your investments until a later stage of the procedure. Stash offers six options for goal selection: retirement, budgeting, emergency savings, wealth accumulation, stock rewards, and financial coaching. After selecting your goals, you’ll be asked to enroll by selecting a subscription plan and providing a credit card.
Features
Shares in fractions
Stash enables you to acquire fractional shares at a discounted price, eliminating the need to wait until you have enough saved up to buy entire shares. An increasingly common robo-advisor investment option is fractional shares.
Low entrance barrier
You can start investing with as little as $5, and stash accounts start at just $1 per month. Stash aims to make investing easier for its clients, and one way it achieves this is by offering inexpensive prices.
Tools for investing
You may automate your savings and investments with the tools that Stash provides. The well-reviewed, feature-rich Stash app will assist novice investors in creating a diverse portfolio.
Retirement funds
Traditional and Roth IRAs can be accessed through specific Stash accounts. To access its retirement options, you will need to upgrade from Stash Beginner onward.
Stash debit card
The Stock-Back® Card, which enables you to earn stock on debit card purchases with well-known brands, is included with all Stash accounts. Any ATM in the Stash network accepts it without charge. Automated bill payments and mobile check deposits are two elements of stash banking. This FDIC-insured online account has no account fees and no minimum balance requirements.
Custodial accounts
Account holders of Stash+ have the option to create custodial brokerage accounts for their kids, which they can access when they get big enough. Stash banking is also incorporated with custodial accounts.
Compared to Other Brokers
Robo-Advisor Comparison: Stash, Robinhood, & Zoe Financial
| Feature | Stash | Robinhood | Zoe Financial |
| Investment Minimum | $5 | $0 | $0 |
| Fractional Shares | Yes | Yes | Yes |
| Account Fees | $1/month (Beginner), $3/month (Growth), $9/month (Stash+) | $0 | $0 |
| Commission Fees | $0 | $0 | $0 |
| Account Types | Individual, Roth IRA, Traditional IRA | Individual, Margin | Individual, Roth IRA, Traditional IRA |
| Investment Options | Stocks, ETFs, Mutual Funds | Stocks, ETFs, Options | Stocks, ETFs, Mutual Funds |
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Final Thought
For novice investors who want to learn about investing but still have the freedom to build their portfolios or use an automated portfolio management service, Stash is a terrific choice. The instructional material is superb and simple to comprehend. Additionally, customers have more control over their financial lives in one location with the banking product. Overall, Stash is a good choice for younger and novice investors to handle their money wisely, and because of its subscription approach, it becomes more affordable as your investment account balance increases.
