Stash App Review 2019 - Get Started Investing With $5

Aug 16, 2019

In this Stash app review, we're covering the popular micro investing app that is both easy to use and ideal for new investors. Stash Invest makes it very accessible to start investing with just a $5 minimum investment to get started. I’ll be covering all of Stash's features, breaking down it's pros and cons, and discuss who I think this app is most ideal for. 

Check out our Stash app review below and see how it compares to today's top investing apps here.


This article contains affiliate links. To learn more, visit our affiliate disclosure.


Our Rating



☑️ Quick Summary ☑️

- Get started investing with just $5  
- Invest in over 250 single stocks and ETF's
- Easy to understand terminology for new investors
- Can invest in fractional shares of stocks
- Versatile app with an investing account, a mobile checking account, and a 10% cashback VISA debit card


 🔮 Try Stash Invest and Get a $5 Sign Up Bonus Here 🔮

 

What Is The Stash Invest App?

Stash is a popular micro investing app that makes it easy for new investors to invest in different areas of the stock market, real-estate, bonds, and even some alternative investments . The Stash app is available on both iOS and Android devices. 

How Does the Stash App Work?

Stash Invest is an extremely versatile app. Not only do they have an easy-to-use investment platform but they also offer a mobile banking (checking) account, a cashback VISA debit card, and even have the option to open an additional retirement account.

I’ll touch more on each of these areas in just a bit. The main thing you need to know, is that if you are new to investing in the stock market, Stash provides a very clean user friendly interface and easy to understand terminology.

Investments

Stash currently offers over  250+ investments (both ETFs and single stocks). If you're new to investing, an ETF stands for Exchange Traded Fund.

Essentially, an ETF is a basket of related stocks grouped together in one investment. And single stocks (also known as "individual stocks") are single companies such as Amazon, Google, Walmart, etc.

ETFs are often composed of individual stocks related by a specific sector of the market (i.e., a technology ETF composed of technology related companies).

The great thing about Stash is that not only do they currently offer over 200 single stocks and over 50 ETFs, but they have continued to add more ETF’s and individual stocks over time.

It's important to note that all of the investment funds on Stash are actually well established ETF’s from well known investment firms such as Vanguard and iShares. Stash just simplifies the names of these investment funds into simpler terminology for the everyday user.

Stash's preselected custom ETF investment options offer something for every type of investor, whether you want to be conservative, moderate, aggressive or somewhere in between.

There’s also a number of different sectors and niches you can choose from. Overall, this really takes the guesswork out of investing as you can easily look over the preselected options, read their overview and performance, and choose the ETF’s you like.

   

Account Minimum

The minimum amount to open an account and start investing on Stash is just $5. Most larger investment brokerages require you to invest hundreds or even thousands of dollars just to get started investing in single stocks.

Essentially, you can start with as little as $5 and continue to “Stash away” whatever amount is comfortable to you on a consistent basis. 

The beautiful thing behind this approach is that no matter how small of an amount you can afford to invest every week or every month, even small consistent contributions will add up and your investments will grow over time.

Features

Fractional Shares

Unlike other popular investing apps, such as the Robinhood app, Stash lets you invest in fractional shares of stocks and ETFs. 

What are fractional shares you ask? Fractional shares mean you can buy a "fraction" of a share of a stock without needing to buy a full share. 

For example, many stocks cost hundreds of dollars just for a single share . But with Stash you can buy a fractional share of that same stock with as little as $5. 

Set Schedule

Stash's Set Schedule feature (formerly known as "Auto Stash"), lets you automate your contributions into your Stash invest account on a weekly, bi-weekly, or monthly basis. This encourages consistent contributions to your Stash investments without having to think about it. 

As an added bonus, by contributing smaller amounts consistently you’re actually reducing your level of risk when it comes to investing. Because you’re never investing a large sum of money into the stock market at a single time, you won't have to worry about "timing the market." You can pause and resume this feature at any time. 

Roundups

The Roundups feature lets you invest the spare change from your everyday purchases. Simply link a bank account to Stash and every time you spend with the debit card associated with your linked bank account, Stash will round-up your purchases to the nearest dollar.

Each time those round-up totals hits $5, Stash will transfer that spare change to your Stash account for you to invest. Like Set Schedule, you can pause and resume this feature at any time.

Smart Stash

Smart Stash is a feature that analyzes & studies your spending and earning patterns to intelligently save small amounts of money for you—only on days when you have the cash to spare.

You can set a max transfer amount and just like Set schedule and Roundups, you can also pause and resume this feature at anytime.

 


 You can see my full Stash app review in the video below:


 

Account Types

Stash offers four different account types:

  • Stash Invest - their standard individual investment account. This is a non-retirement account, meaning you can withdraw funds at anytime without restriction.
  • Stash Retire - they also offer tax-advantaged, Roth and Traditional IRAs (Individual Retirement Accounts), where you can start saving for retirement with as little as $5.
  • Custodial - an account for young investors under 18. Adults, not just parents, can open custodial accounts with Stash. You manage the account and make contributions on their behalf. Once they turn 18 the money belongs to them.
  • Stash Banking - their mobile banking checking account. Stash banking has no monthly fees, no setup fees, and no minimum balance requirement. It also includes a Stash VISA debit card so you both earn cashback from local retailers as well as easily transfer funds between your checking account and your investing account.

Cashback Portal

Speaking of the Stash debit card, Stash has recently integrated the ability to earn Cashback from your everyday purchases as well. You can earn Cashback in 2 ways:

  1. You can earn up to 10% cashback at local restaurants and merchants 
    • You can even link up to 3 debit/credit cards to your Stash account
  2. You can also earn “stock-back” in major companies when you use your Stash Debit card for your everyday purchases—including gas, groceries, and dining. This includes earning fractional shares of stocks in retailers such as Starbucks, Walmart, Amazon, Chevron, Netflix, and more. 

Pricing and Fees

There are no fees to buy or sell any investments on Stash. However, there is a fixed monthly fee to use the app. It can be as low as $1 per month for just the investing account. Below is a pricing breakdown of their different plans:

  • Stash Beginner   (Stash Invest Account)
    • $1 per month 
  • Stash Growth   (Stash Invest plus Stash Retirement Account)
    • $3 per month. 
  • Stash+   (Stash Invest, Stash Retire, + 2 Custodial Accounts, & more extras)
    • $9 per month 
  • Mobile Banking Account
    • No monthly fees

Is Investing On Stash Safe?

As a member of SIPC (Securities Investor Protection Corporation), Stash is SIPC insured against brokerage failure. Securities in member's accounts are protected up to $500,000, including up to $250,000 in cash. For further details, please see www.sipc.org

SIPC insurance is investor protection for investment brokerages. Now unlike a bank's FDIC insurance, SIPC does not protect against the decline in value of your securities. Investments in the stock market are subject to fluctuations in market value. 

However, SIPC protects against the loss of cash and securities – such as stocks and bonds – held by a customer at a financially-troubled SIPC-member brokerage firm. SIPC works to restore to customers their securities and cash that are in their accounts when any potential brokerage firm liquidation begins.

 

Pros

Who would I recommend the Stash app for?

Ideal for new investors

  • Since you can start investing with as little as $5, Stash makes investing very accessible.
  • Their investments use easy terminology that make them easy to understand.
  • They also have an area inside the app, called Stash Learn, which provides plenty of easy to read articles on saving and investing.

More Experienced investors who want to Invest efficiently

  • Stash provides you several tools to automate your saving and investing, which helps encourage consistent contributions to grow your investments over time.
  • No trading fees or surprise commissions. Just a set monthly fee which is as low as $1 per month.
  • You can invest in fractional shares of expensive stocks that cost hundreds of dollars to buy a full share. 

Those looking to get a lot of value out of a single finance app

  • Again, Stash is a versatile platform. You get an investing account, a mobile banking account, a cashback debit card, and the option to save for retirement.

 

Cons

Who would I not recommend the Stash app for?

Not as ideal for active stock traders

    • Stash is more geared towards long term investing and saving.
    • If you're instead looking for a stock trading platform with zero fees, I would recommend checking out the Webull app.

Not as ideal if you want to invest in specific individual stocks

    • While Stash currently has over 200 individual stocks, such as Amazon, Walmart, Netflix, Google, Starbucks, etc., they may not have a specific stock you’re looking for.
    • The good thing is that Stash consistently adds new individual stocks over time. 
    • However, if you're instead looking to have access to investing in thousands of individual stocks and ETFs I would recommend checking out M1 Finance.

 

Sign Up Bonus

When you join Stash and invest your first $5 you will receive a free $5 sign up bonus to invest. If you'd like to try out the Stash app feel free to join here and enjoy your free $5 sign up bonus

 

Final Thoughts

If you're a new investor looking for an easy to use platform to get started investing, the Stash app is a great option. However, if you're more interested in having access to investing in thousands of individual stocks and ETFs you may want to consider M1 Finance.

If you'd like to try out the Stash app you can join here.

Or feel free to see how Stash compares to today's other top investing apps here.

Need help with investing? We can help you find the right investing platform for your financial goals.

COMPARE INVESTING PLATFORMS

Or Go Back To The Blog 👈

TAKE ME BACK
Close

50% Complete

Two Step

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.