Stash - Stock trading app for inexperienced investors
Stash was founded to give inexperienced investors access to stock trading. To facilitate multi-portfolio investing, Stash supports micro-investments in fractional stocks. This means that, like SoFi Stock Bits, you don't have to invest money to buy the entire stock. The complete absence of minimum accounts makes Stash a valuable option for first-time investors. You can open and start investing with any level of capital you have access to.
Besides, Stash really helps you find additional funds to expand your investment portfolio through so-called automated investments and SmartStash. If you enable this option, whenever you purchase something with your Stashlinked account, the platform will automatically organize your purchase and invest additional money. For example, if you buy a latte for $3.55, an additional $0.45 is withdrawn and deposited in Stash.
To help you make smart choices about where to invest your money, Stash provides a wealth of easy-to-understand information about which ETFs or stocks it recommends investing in. A description of the risks associated with the investment.
Stash operates on a monthly subscription model that costs between $1 and $9 per month depending on the level of features you need to access. For example, if you want to open a retirement account or savings plan, you'll need to upgrade to one of the more expensive Stash subscriptions.
Reasons to buy
- +uncovers extra cash to invest
- +a wealth of educational material
- +free from account minimums
Reasons to avoid
- -monthly pricing costs add up
- -etf expense ratio could be lower
Website: https://www.stash.com/
