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Stash App Review: What it is and how to get started

Updated: Jan 11




Are you looking for an investment app that's easy to use, even for beginners? Look no further than Stash Invest. In this article, we'll give you an in-depth Stash app review, covering everything from its legitimacy to its fees and features.


This is a fun tool that will allow you to start investing with as little as $5. Let's dive in and tell you how to make money with the Stash App.


I was reading about investing apps to see if there were better tools out there than what I've been using (Robinhood is what I currently use) and I came across the Stash App. You can also use VectorVest, Charles Schwab, Fidelity, Sigfig, Betterment, and the list goes on!


Quick Notes:

  • The Stash App is safe to use - like any investment there is a risk, but the tool itself isn't hiding anything nefarious

  • The Stash App is an investing tool

  • The Stash App has a ton of useful features for investors of all abilities

  • The Stash App is really easy to setup and use (more on that below)

  • They offer a cool tool, Custodial Accounts, where you can set up an account for your kid and teach them about investing

  • They offer bank accounts and a rewards program

  • There is a minimal $1 monthly fee, but if the app is used frequently is worth the cost



What Is Stash App?


Simply put, Stash is an investing app, not a way to make consistent income unless you are investing in stocks that pay dividends and 100% of the time hold those stocks. In other words, it's going to take money to make money with Stash. It will also take considerable amounts of knowledge, or luck, to make money.


Investing apps are crazy popular right now! Robinhood was released in 2013 and since then the cost to trade stocks has found its way down to zero for many brokerages. You no longer need a broker, $7.95 per trade, nor the patience to pay for trades.


How To Use Stash

When I first opened the app, I was greeted with a screenshot of the inside.




Is the Stash App Legit

One of the most common questions we hear is whether Stash is legitimate. The short answer is yes, it is a legitimate investment app. Stash Invest is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC), and all of its investments are insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000.


In addition to being a registered and insured investment app, Stash Invest also uses top-of-the-line security measures to protect your personal information and investments. All data is encrypted and stored securely, and Stash Invest offers two-factor authentication to further protect your account.


Stash Invest Reviews: What Do Users Think?

While it's one thing to know that an app is legitimate, it's another to know if it's actually worth using. So, what do Stash Invest reviews from actual users say? Overall, users seem to be pretty happy with Stash Invest. Here are some of the most common pros and cons mentioned in Stash Invest reviews:


Pros

  • Easy to use, even for beginners

  • Offers a wide range of investment options, including fractional shares

  • Educational content and guidance to help you make informed investment decisions

  • No account minimums or fees for basic accounts

Cons

  • Some users report occasional glitches or slow loading times

  • Limited investment options compared to other investment apps

Overall, it seems that Stash Invest is a great option for beginners or those looking for a simple, straightforward investment app.


Stash Investment App Review: Features and Fees

So, what exactly does Stash Invest offer, and how much does it cost? Here's a rundown of some of the key features and fees:


Investment Options

Stash Invest offers a range of investment options, including individual stocks and exchange-traded funds (ETFs). One unique feature of Stash Invest is that it allows users to invest in fractional shares, meaning you can invest in a portion of a share rather than having to buy a whole share.


Account Types and Fees

Stash Invest offers three different account types: Beginner, Growth, and Stash+. The Beginner account has no monthly fee and no account minimum, but it does come with some limitations, such as only being able to invest in ETFs. The Growth account has a $3/month fee and offers more investment options, including individual stocks. The Stash+ account has a $9/month fee and offers even more features, such as a metal debit card and a monthly market insights report.





Stash Rewards

Stash also offers a rewards program, where users can earn points for investing and spending on their Stash debit card. Points can be redeemed for a variety of rewards, such as cash back or free stock.


Is Stash Good for Beginners?

Stash is a great option for beginners. The app is user-friendly and offers educational content and guidance to help users make informed investment decisions. Additionally, the Beginner account has no account minimum and no monthly fee, making it a low-risk way to get started with investing.


As with any investments or investment advice, please be cautious and seek advice from professionals. Investing is hard and tools like this make it very easy to buy/sell in a manner similar to professional investors. The only difference is their level of skill vs yours.


Is It Hard to Cancel Stash?

If you decide that Stash isn't for you, it's relatively easy to cancel your account. Simply log into your account, go to the settings menu, and select "Close Account." Note that any investments you have will need to be sold or transferred out of your account before you can close it.


Which is Better: Robinhood or Stash?

Another question we often hear is whether Stash or Robinhood is the better investment app. While both apps have their pros and cons, here are some of the key differences:


Stash

  • Offers more educational content and guidance for beginners

  • Allows users to invest in fractional shares

  • Offers a rewards program

Robinhood

  • No monthly fees

  • Offers a wider range of investment options, including cryptocurrency

  • Offers margin trading for experienced investors

Ultimately, the best investment app for you will depend on your individual needs and preferences.


Does Stash Have a Monthly Fee?

As we mentioned earlier, Stash does have a monthly fee for its Growth and Stash+ account types. However, the Beginner account has no monthly fee.


Conclusion: Our Verdict on Stash

So, after our in-depth Stash app review, what's our verdict? Overall, we think it's a great investment app for beginners or those looking for a simple, straightforward way to invest. While it may not have as many investment options as some other apps, it makes up for it with its user-friendly interface, educational content, and rewards program.


If you're interested in trying out Stash Invest for yourself, we recommend starting with the Beginner account to get a feel for the app and its features. And as always, be sure to do your own research and consult with a financial advisor before making any investment decisions.


Click here to sign up for the Stash app and get your investment portfolio started!



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