Sunday, April 15, 2018

Stash Invest: A Great Way to Get Started in Investing


I have been using the Stash Invest app for almost a year now. It's a great platform for new investors and takes away a lot of the barriers to investing. They say you can start investing with as little as $5, but considering you have to pay $1 a month for accounts under $5,000, it is too little to get any benefits out of it. The biggest feature they offer is the ability to buy fractional shares.

Let's start by talking about fees. For a standard Stash account, you will pay $1 for accounts under $5,000 and then 0.25% a year for accounts above that threshold this may sound like a lot, but you have to realize there are no trade fees. The best thing about no trade fees is you can let your money hit the market as soon as you get it instead of having to wait until it makes sense financially allowing you to take full advantage of your money.

They also provide a lot of valuable information. This is much more relevant as you are starting out, but they helped me not overreact during the correction earlier this year and to learn about things like dollar cost averaging and how dividends work. It's a great added benefit and they are very high-quality posts, but you can also find all of the same information elsewhere.

Stash Invest allows you to start investing very easily. In fact, it can be quite addictive. The thrill you get from seeing the money in your Stash grow really makes it fun. The longer you spend with Stash you worry less about the little ups and downs looking for long-term gains instead. 

Currently, my favorite investment is Robots Rising. I have always loved robotics and found it interesting to have to opportunity to invest in them. You can learn more about this investment here.

Stash Invest: A Great Way to Get Started in Investing

I have been using the Stash Invest app for almost a year now. It's a great platform for new investors and takes away a lot of the b...

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