Introduction to Stash Investing
Stash Investing is an online investment platform that allows users to invest in stocks, ETFs, and other investments with as little as $5. It is designed to make investing easy and accessible to everyone, regardless of their financial background or experience. Stash Investing offers a variety of features, such as personalized investment advice, educational resources, and a user-friendly interface. It also provides users with the ability to set up automatic investments, track their investments, and receive notifications when their investments change.
Pros of Stash Investing
One of the biggest advantages of Stash Investing is its low cost. With a minimum investment of just $5, Stash Investing is one of the most affordable investment platforms available. Additionally, Stash Investing does not charge any commissions or fees on trades, making it an ideal platform for those who are just starting out with investing.
Another benefit of Stash Investing is its user-friendly interface. The platform is designed to be intuitive and easy to use, making it ideal for those who are new to investing. Additionally, Stash Investing offers a variety of educational resources, such as tutorials and articles, to help users learn more about investing.
Finally, Stash Investing offers a variety of features to help users manage their investments. Users can set up automatic investments, track their investments, and receive notifications when their investments change. This makes it easy for users to stay on top of their investments and make informed decisions.
With Stash you make a very diversified portfolio for very low money. Most micro investing apps require to buy at least $1 worth of stock at a time. With Stash you can buy $10 of Tesla and .10 of Apple stock if that is your desired percentage you want for example.
Stash also does the “STASH PARTIES” when you get free fractional shares of a stock usually worth about .20 cents or so. But over time acquiring 100 .20 free stocks equals $20 bucks. I don’t catch every stash party but if I had to guess they do at least a dozen of them a month. Another thing about the stash parties is I’ve gotten free stocks that months later I realize I’m down 40% on that .20 cent worth of stock and decided that was good buying opportunity to buy more of it.
Cons of Stash Investing
One of the drawbacks of Stash Investing is its limited selection of investments. While the platform offers a variety of stocks, ETFs, and other investments, it does not offer access to mutual funds or other more complex investments. Additionally, Stash Investing does not offer access to international markets, making it difficult for users to diversify their portfolios.
Another potential downside of Stash Investing is its lack of customer service. While the platform does offer a variety of educational resources, it does not offer any direct customer service. This can make it difficult for users to get help with their investments if they have any questions or issues.
For me the only thing I don’t like about Stash is I can’t do limited buys or sells like you can with Robinhood or Webull for example. Like for example if a stock is trading at $15 a share I want to buy in only if or when it hits $13 a share. Stash doesn’t work that way. If you throw $15 at a stock it’s going to buy it at its next trading window which you have no control of the price you pay. Which is why it is important to have reoccurring investments into your portfolio over time giving you the dollar cost averaging method.
My Overall Experience with Stash Investing
Overall, my experience with Stash Investing has been positive. The platform is easy to use and offers a variety of features to help users manage their investments. Additionally, the low cost and lack of commissions make it an ideal platform for those who are just starting out with investing.
However, I do have some reservations about Stash Investing. The platform’s limited selection of investments and lack of customer service can make it difficult for users to get the most out of their investments. Additionally, the lack of access to international markets can make it difficult for users to diversify their portfolios.
Despite these drawbacks, I would still recommend Stash Investing to those who are just starting out with investing. The platform’s low cost and user-friendly interface make it an ideal platform for those who are just getting started. Additionally, the platform’s educational resources can help users learn more about investing and make informed decisions.
My stash portfolio is heavy on blue chip stocks that pay dividends. A few times a week I get notifications that I received dividends. And with DRIP activated (auto re-invest dividends) my account grows quickly and the amount of dividends I get keeps going up. If you have an account with similar dividend paying stocks once you get between $900-1200 the dividends alone will cover the cost of the premium subscription.
I also have custodial accounts for my kids within the Stash App.