The Stash invest app helps beginner investors learn how to invest and make money with only $5. It’s a great place to start off for beginner investors since it easily helps you pick investments and provides the option of investing in fractional shares. Stash allows you to start with investments that are as low as $5 and also covers various costs. They also provide educational lessons on the hows and whys of investing thereby allowing the user to have a better understanding and control of their investment plans. They also provide varied investment types such as retirement plans, custodial investments, etc.
The app is quite easy to use. It provides you with a list of investment opportunities to choose from and also allows you to check your Stash balance at any given in time with a single click. It also features a coach tool that can help you start your own investment plan if you don’t have one. The app security standards are quite well maintained so that the user’s information and money are protected.
Stash also provides their own debit card which they claim to be the best card any investor can use. By using this card to make purchases one can earn rewards in the form of money that can be used as further investments. This is quite a unique feature for an investment app since it allows you real-world usage and rewards.
Moreover, if you are a newbie investor Stash might just be the best platform that you can use to learn the intricacies of the investment sphere. Their accounts are FDIC insured so you don’t need to worry about using a new platform and Stash also features a great no fees investment section alongside investments as low as $5.
Stash Review Snapshot
Contents
Stash Pros
- Easy to use app
- One touch investment
- Fractional investment capabilities
- Stash debit card
- Retirement account
- Tax savings
- Robust investment coaching
- Automated investment options
- FDIC insured account
Stash Cons
- Lower limit of $5000 needs to be maintained
- Stock rewards are not promised by the respective banks of the corporations
Investing with the Help of Stash
Investment has never been this easy. With the help of Stash, you can gain entry to the stock market without having to spend huge sums. So, even if by sheer bad luck you end up investing in the wrong stocks you can rest assured that it will not lead you to a huge loss. But the chances of such loss are also very thin due to the amazing Stash coach tool.
What makes investing with Stash unique is their fractional investment feature. When a person usually invests in a company or business’ stocks, they are required to but a complete share. The bigger the corporation is the bigger the chances of rewards but the larger the amount of investment required. This one factor has kept common investors away from buying shares of most of the larger companies. But what Stash presents is the ability to buy the fraction of a share. And this fraction can be as low as you want it to be, even $5. So, with the help of Stash one can practically buy a $5 share from Amazon or Nike and gain the potential to earn very high returns.
Taking a look at some of the further investment related features the app provides, two of them stand out as quite unique ones. The first one being the Stash coach, and the second being the ability to invest automatically based on the user’s investment patterns. What the Stash coach does is presents the investment world as a sort of game where you need to cross one task after another. Even better is the fact that after completing each task you get to earn a reward in the form of points that can be used to invest. Many people look at investments and the stock market as a very complex entity, and while it may be considered one, Stash can help make the entire experience fun and friendly and ensure that you learn about the necessities of investing along the way as well.
The coach will introduce the various sections of the stock market and investment necessities and also help you build an investor portfolio. It will also help you understand factors such as diversification and retirement necessities. The user will be presented with weekly challenges the completion of which will provide further rewards. The Stash coach is the best investment guide that one can have on their journey.
The automated investment tool also serves a great function. You need to set up your account and enter your preferences regarding investment plans and capabilities. If you don’t yet have one the Stash coach will help you understand what your investment preferences should be and eventually construct a plan that suits your needs. Once this is done you can the automation tool will ensure that your funds are invested on time and all your returns carefully collected and stored.
Setting up Retirement Plans with Stash
Stash’s investment options allow you to also make investment choices that will help you make the best retirement plan. These options include investing methods that will help the user save the most on taxes and thereby create bigger returns. As of now, Stash is one of the most preferred platforms for creating retirement plan-based investment portfolios.
The Stash Debit Card
Perhaps the only such app that allows for the usage of its own debit card, the Stash debit card can help you gain rewards from each transaction you make using the card. These rewards can be earned by using the card at any major retailer such as Dominos, McDonald’s, AT&T, etc. The rewards you earn from each transaction is basically a stock back reward for the stocks of the same retailer. These rewards can, therefore, be used as investment opportunities. So practically, you get to spend and earn, and also earn further through investing those earnings. The debit account is FDIC insured so you don’t have to worry about using a new card and always checking to ensure that your funds are not being wasted.
Further features that make the Stash debit card a great option is that it has no overdraft fees, no monthly payment necessities, and also no set up fees. You also receive your rewards up to two days in advance thereby placing you ahead of the competition. The only down factor here is that you need to maintain $5000 in the account at all times to use it as an investment tool. However, this is not a tough task since the card will help you constantly earn higher investment returns.
Stash Review Summary
Stash is clearly the best investment platform for beginners or for those who want to invest without a worry. It will ensure that you understand all the nooks and corners of the stock market and also make the best possible choices for you. The Stock coach tool is perhaps the app’s best feature since it is more practical and data-oriented than a real-life investment agent. You will almost make no mistake while using the Stash tool as your primary investment portal. Further benefits such as the Stash debit card and the Stash retirement accounts are also of great help to the user. Using the debit card as your primary means of the transaction will help you earn stock back rewards, and this means you spend to earn. The only thing to keep in mind here is that you will need to maintain the lower limit of $5000.
Stash App Review FAQs
An investor is required to always buy an entire share of a business. But Stash allows one to buy a portion of one share even as low as $5. So, by using Stash you can buy high return shares as per your investment capability.
What is the Stash coach?
The Stash coach is an AI tool that helps you understand the world of investment. It provides various challenges and rewards and makes the entire experience enjoyable.
What are the benefits of the Stash debit card?
The Stash debit card helps you earn stock back rewards every time you use it for a transaction. Basically, if you use it as select retailers you earn rewards in the form of a share of that retailer.
How does the Stash retirement account help?
The Stash retirement account is meant to ensure that you not only make the best investment decisions but also save the most amount of taxes while doing so.
Can I create an investor portfolio with Stash?
Stash is created to help a new user in every way possible. This includes creating an investor portfolio along with selecting the best available investment options.
Can Stash make automatic investments?
Yes, the Stash AI tool can ensure that your funds are invested in due time as per your preferences and capabilities.