What is Stash Invest?

Stash is a cool, innovative saving & investing app geared towards millennials who want to automate their investments by purchasing stocks or sector mutual funds using frequent small dollar amounts.

The company was founded in 2005 and currently has over 4 million members.

You can purchase fractional shares in major companies like Amazon (NASDAQ: AMZN) without paying a single dime in trading commissions. Build up an investment portfolio with a smaller amount of money and avoid those costly trade commission fees.

I built up a stash of $900 with small weekly deposits of $25. Small savings add up to big amounts, and you can track your total return within the dashboard.

Under Settings → Balance History, you can track the overall growth of your portfolio.

How Does It Work?

Create an account and Stash asks you a series of questions to personalize your investment strategy based on your answers.

Once you create your account, you need to select an investment plan and connect your banking account with your Stash account.

Once successful, you can invest in a wide variety of stocks, bonds, and ETFs using your balance. You can invest as little as 1 cent per transaction. There are no minimum purchase amounts.

I signed up for Stash, and the entire process took only 10 minutes to set everything up.

Account Types

Stash offers four basic account types:

  • Checking & Savings: Fee-free bank account with cash-back rewards in stocks.
  • Investment: Standard accounts for purchasing stocks and ETFs.
  • Retirement: Tax-advantaged accounts like IRAs for long-term savings.
  • Custodial: Accounts for parents to invest for their children’s future.

Stash Banking

Banking is at the core of the Stash product. With a Stash debit card, you earn Stock-Back® rewards. For example, if you shop at McDonald’s, you get fractional shares of McDonald’s stock as a cash-back reward. If the company isn’t supported, you’ll receive cash-back rewards in a similar ETF.

Investment Features

  • Fractional Shares: Invest in high-value stocks like Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL) without buying a full share.
  • Autostash: Automate your investments with recurring transfers from your bank account.

How to Use Stash Effectively

Maximize your returns with these strategies:

  • Focus on Individual Stocks: Build a portfolio with nearly 200 stocks available on Stash.
  • Invest in ETFs: Diversify your risk by investing in ETFs like Corporate Cannabis.
  • Automate Savings: Use Autostash to ensure consistent investments.

Stash Fees & Pricing Breakdown

Stash offers three pricing plans:

  • Beginner: $1/month for accounts under $5,000.
  • Growth: $3/month, including retirement accounts.
  • Stash+: $9/month with premium features.

For accounts over $5,000, Stash charges a 0.25% annual fee, similar to low-cost index funds.

Conclusion

Stash Invest App is an excellent choice for automating investments and building wealth. With features like fractional shares and Autostash, it’s a valuable tool for beginners and experienced investors alike.

FAQs

Is Stash publicly traded?

No, Stash is a privately held investment advisory company.

Does Stash offer automatic dividend reinvestment?

Yes, dividend reinvestment can be enabled under the Dividend Reinvestment Program in your settings.