Stash Invest Reviews - What Is It?
WARNING: DO NOT BUY Stash Invest Until You Read This Review!
Is it a Scam? Does It Really Work?
Stash Invest is an automated investment application that is downloaded to your smartphone and allows you to invest funds starting with just $5. It looks like micro-investing combined with educational resource. The app differentiates from robo-advisors with provision of useful investment recommendations, after which you do the actual investing. At present, the service has about 500,000 users and continues to grow rapidly. In order to start using this micro-investing service, you will need to complete a questionnaire that is responsible for determining your risk level. After that, you will be provided with a list of investment options for you to choose from. This choice gives you more control and flexibility than typical robo-advisors. You can choose what to invest into. In addition, the app provides investment recommendations and personalized guidance to you. Investors are free to choose from more than 30 investment themes. Most are funds from companies like BlackRock and Vanguard.
Investment options are generally exchange traded funds (ETFs), but there are some individual stocks too. Your funds with Stash Investment are covered by the Securities Investor Protection Corporation (SIPC). You will be provided with in-app and email education to learn the basics of investment. Stash is regulated by the Securities and Exchange Commission (SEC). Its app uses 256-bit bank-grade encryption to protect your information. There is also secure sockets layer (SSL) that is used to secure information sent to other servers through Stash. The app does not store your bank login information. It aims to make the investment process easy and comprehensive for beginners. The service repackages current funds into clear themes based on your goals, risk tolerance, interests and values. The app doesn't manage your investor accounts directly, it helps investors to build an ETF portfolio.
Customer Reviews - Does Stash Invest Really Work?
In order to open up an account with Stash Invest, you will need to provide the evidence of U.S. citizenship and your Social Security number, as well as information to link your bank account. You must be minimum 18 years old to open an account. The service is available only to residents of the USA, though they are planning to make the service international. Then, you will need to complete a questionnaire in order to define your investment risk level. Your risk level cannot be changed; but you can go into the app and cover your suitability questions again; however, there is no guarantee that this will change your risk level. The latter can be conservative, moderate or aggressive. It depends on your investment time horizon, your age, and your investment goals. There are specific recommended investments for each risk level.
What differentiates Stash Invest from other robo-advisors is that it offers a lot more investment options. You will be provided with a variety of investment themes depending on your risk level. The whole process of opening an account should take no more than a few minutes. After that, you can start investing. Your bank account can be linked directly with your password and bank login, or connected with your routing numbers and account. In this case, your bank account must be verified with the help of a micro deposit. The company will make a small deposit into your bank account, which needs to be verified. This process usually takes a few business days. If everything works well, you can add or subtract money to and from your bank account with the help of the Stash Deposit screen. You should not make deposits and withdrawals exceeding $10,000 per day. Only one bank account can be linked to your Stash Invest account.
The company is associated with a number of customer reviews. The overall online customer reputation appears to be very positive. The users of the app are pleased with its options. The themes are designed to guide customers toward investing in an easy and comprehensive manner. Besides, there is low account minimum. You can start from investing only $5, a reasonable minimum that will not allow you to lose anything. But it will help you to create a diversified portfolio. Stash Invest also offers a tool to motivate potential users to invest more money. Users can adjust a slider to indicate their deposit and growth potential every month. Let us take a look at what real investors think about this application and company in general.
"I can say with confidence that I am excited about the Stash Invest and their app. I am grateful for help and guidance in the whole process. The app is easy to use, so I managed to cope with it despite I was a beginner. This program helped me to increase my self-esteem and I don't feel skeptical about it anymore. I am sure that this app can serve an important position in one's arsenal. I do like the questionnaire, categories, and the customized portfolio online. I believe this app is worth your attention."
"I have had the StashInvest app and started my own account. The whole process took me about three minutes and I am going to make a deposit soon. I am happy that I don't need a lot of money to start investment. I found investment recommendations very helpful. I am looking forward to multiplying my money."
"I have used Stash invest for almost a year and have learned a lot of useful information from its content (small vs large cap, expense ratios, dollar cost averaging). I am satisfied with the 0.25% fees. This not too much when compared to other investment companies. I used to call their customer service a few times and every time I received a good professional answer. Thank you very much."
My Final Summary
Stash Invest has a lot of advantages. First, it offers more investment options than most micro-investing services and robo-advisors can offer. The application will give you an opportunity to invest in many investment themes. Besides, you will be provided with individual stock recommendations and general recommendation on investment. What I like about this company is that they make sure that you know how to invest by providing information on the investment basics. Another advantage is the low fees on larger accounts. For instance, the annual fee on account balances of more than $5,000 is just 0.25%. If you don't have such big money, you can make a low deposit of just $5.
Stash Invest will provide you with investment guidance. The app asks new account holders several questions to define goals and risk tolerance. The app helps to determine which investments should serve as the foundation of the portfolio and which should complement it. The user should create a good portfolio out of the suggestions, while the app provides high-rate educational content. The company has a number of positive user reviews online. Taking into account all pros and cons of Stash Invest, I can certainly recommend this easy-to-use automated investment application to both professional investors and beginners.
Stash Invest Pricing and Rates
New investors can open an account and make an investment of just $5. New investors do not have to pay any fees within the first month, then they are charged a $1 per month for accounts under $5,000 and 0.25 percent per year for balances over $5,000. There are no bank transfer fees on withdrawals and deposits and no commission fees for stock trades.