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.
Promo #1: When you make a deposit of at least $5 into your Personal Portfolio or Smart Portfolio, we'll automatically give you $5 in your Personal Portfolio.
Choose to invest in fractional shares with $5 or less—you can pick from thousands of stocks and ETFs. You can also shop and earn stock with the Stock-Back® Card. Stash is built for long-term investing, not day-trading, so all of our market transactions execute during four trading windows each weekday.
If you only have $5 to put into an investment, a full share clearly won't be feasible. But the good news is that you can buy just $5 worth of whatever company or fund you're looking at. Now, you may be aware that some companies pay dividends to shareholders.
Yes, Stash is a Registered Investment Adviser. All Registered Investment Advisers (RIAs) are regulated by the Securities and Exchange Commission (SEC).
Stash will pay the referring party for referral services provided by the referring party up to $30 for each Prospective Client who opens, links a bank to, and/or deposits funds into a Qualifying Account.
If you make a qualifying purchase at a merchant that is not publicly traded or otherwise available on Stash, you will receive a stock reward in an ETF or other investment of your choice from a list of companies available on Stash.
Once your invitees receive their invitation and sign up using your link or code, they'll need to complete their account setup and make their first deposit. As soon as they meet these criteria, both you and your invitee will receive a $20 referral bonus.
Rather than receiving cash back or rewards points, cardholders can earn rewards in stock of their choice. Note, however, that the amount of stock you'll actually earn is pretty meager — Stash Growth users can earn 0.125% back on purchases while Stash+ customers can earn 0.25% back.
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.
Stash will pay the referring party for referral services provided by the referring party up to $30 for each Prospective Client who opens, links a bank to, and/or deposits funds into a Qualifying Account. Stash will not charge you any additional fees as a result of its agreement with the referring party.
It can take up to three business days for the transfer to be completed, and for the money to move out of your external bank account. When you transfer money from your external bank account to your Invest portfolio(s), the amount transferred is immediately shown as Pending in your Invest portfolio activity.
With every purchase you make with the Stash Stock-Back® Debit Mastercard1 you can earn Stock-Back® Rewards. 2 When you use your Stock-Back® Card at a merchant that is on our platform, we'll reward you with stock in that company.
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.
According to the SEC, any stock trading under $5 per share whether it is listed on an exchange or trading through pink sheet markets or the Over The Counter Bulletin Board (OTCBB) is a penny stock. In the past, penny stocks were often considered as only those stocks that trade below a dollar.
Even with just one dollar, you can start building your portfolio. Fractional shares allow investors to purchase a small portion of their preferred companies or funds, without having to buy a whole share.
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.
You don't need a lot of money to start investing. In fact, you could start investing in the stock market with as little as $1, thanks to zero-fee brokerages and the magic of fractional shares. Here's what you need to know about how to transform even a small amount of money into the beginnings of an investment empire.
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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.
