Would you like to invest simply with small increments of money and build up your nest egg? You can do so using an app called Stash Invest. How do you make investment decisions with Stash? That is one of the many cool reasons to use the app to begin with. Seasoned investors say to invest in what you believe in, right? Well, Stash allows you to invest in a unique way.
Stash packages investment themes that are centered around certain interests and values. Risk tolerance and a person’s financial goals are also taken into consideration. You can invest small increments a little at a time, and you can open an account with as little as $5. The packaged themes are what really makes Stash appealing.
For example, there is a ‘Roll with Buffet’ theme, which means the portfolio of investments would be centered mainly around what Buffet chooses for his Berkshire Hathaway portfolio.
Another example of a Stash Invest Theme is Clean & Green, and that portfolio would be centered around investments dealing with clean energy. There is also a Blue Chips theme, an American Innovators theme and much more. These themes are what really sets Stash apart from similar apps out there on the market. And if you don’t want to take my word for it, here’s another Stash review from AAA Credit Guide that I felt was helpful.
For example, there is Acorns. The Acorns app has a roundups feature, and it essentially saves your change on autopilot, transferring the money from your bank account each time the amount reaches $5. When it comes to investing, however, Acorns only has one basket of ETF funds, and they are weighted for individuals according to risk tolerance or whether or not they will be used in your traditional IRA.
That means that Stash offers much more when it comes to investment choices. Each one of those themes features different ETF funds, and according to reviews, some even feature individual stocks. Outside of investment choices, the two robo advisors, Acorns and Stash, are essentially the same. Both were designed to get milllenials to start investing, simplifying the process in terms of investment choices and the fees that were paid.
Each app charges $1 per month until account balances reach a certain level. For Stash, that level is $5k. Once you have $5k in your account, the fee charged is .25 percent of the balance. Stash only requires a $5 minimum balance, and you can set up auto deposits. Stash reached a million users in late 2017, and it continues to be a very popular investment app. It is going to be interesting to see how Stash performs in 2018.
Both Acorns and Stash have features that are appealing to young investors, and that is why they are getting their attention. Robinhood is another investment app that young investors like because it allows them to invest in individual stocks without paying any commissions. You might find that hard to believe, but it is true. You can call Acorns, Stash and Robinhood the investment app trifecta. Are you currently using any of the three? They are all good choices if you want to start investing in today’s world.