Stash Investing App Review
Product Name: Stash Invest
Product Description: Stash Invest makes investing easy for anyone to participate. Currently more than 80% of their customers are first time investors, and for a good reason. They give their users a well rounded option for investing in the stock market with many investment options, account options and cashback options (or should I say "Stock-Back" as its called).
Offer price: $1, $3, or $9 per month
Portfolio Reports / Charts
Stash Invest is a modern micro investing app that brings a well rounded solution for investors seeking options, beginner friendly interface, monthly economic reports, and multiple investment account options into one stock investing app. It's Stock Back program is the only of it's kind, allowing you to receive free stock at the stores you shop at every day each time a purchase is made.
Among the many micro investing apps is Stash Invest, an investing app that seeks to make investing as easy as possible for those who aren't sure where to start. The Stash Invest app is one of the few investment apps that allows you to purchase fractional shares of stock for a a cost almost as cheap as being free!
Their Stock Back program pays you cashback in stock to your investment account, and their monthly market report is sure to keep you up to date on the latest events that affect your investments.
This Stash Invest Review will lay out the pros and cons, pricing, features and benefits of Stash Invest so that you can determine whether it's a good fit for your investing needs. Is Stash Invest worth it? Let's find out…
An Overview Of The Stash Investment App
Stash seeks to educate new investors on the basics of the stock market. Their original product was their brokerage account that allows users to invest in the stock market for just $1 per month. The available investments range from ETF funds that track market sectors, indices, social investments and more, to single stock purchases from hundreds of the most well known stock companies today. Stash customers can invest with as little as $5 per trade, which also means the option to purchase fractional shares, a sought after feature for many investors with limited funds.
Stash offers individual brokerage investment accounts, individual retirement accounts (IRA's), custodial accounts (accounts for your children), and a modern checking account called Stash Spend. The checking account allows users to participate in their “Stock-Back” program, a modern version of cashback programs combined with investing (explained in more detail below).
Stash Invest: Features, Benefits & Pricing
Stash provides multiple features for investors available among three different account options: Beginner, Growth & Stash Plus. Each is a subscription model with added benefits over the other, and each have unique benefits that make investing, learning the stock market, and making extra money even easier. Here is a breakdown of all the products offered by stash, along with what each subscription plan offers and at what price.
Available Accounts & Benefits With Stash
Stash Invest offers the following accounts for it's members:
- Individual brokerage investment accounts
- Individual Retirement Accounts (IRA's): both Roth IRA's and Traditional IRA's
- Custodial investment accounts (accounts to invest on behalf of children under age 18 – 21, depending on your state of residence)
- Checking accounts with “Stock-Back” benefits
Further benefits worth noting that many investors look for in investment accounts are:
- Minimum account balance to invest is $5
- Investment options range from individual stocks, exchange traded funds (ETF's), and bonds
- The ability to purchase fractional shares of stock
- Commission free trading (the only fee you pay is your monthly subscription, detailed below).
- Monthly economic updates and reports
- Educational content to learn the basics of investing
All of the above accounts along with their added benefits are available to Stash users in one of three subscription plans:
Why Choose Stash Over Other Investing Apps?
What makes stash any different than other investing apps such as Acorns, M1 Finance, Betterment, or any other micro investing app out there? While some may argue it's just another “copy-cat” product, Stash certainly has some useful features that aren't offered on other apps. They are:
- The ability to purchase fractional shares commission free (with exception to the monthly cost starting at $1 per month).
- Their modern Stock Back program offers cash back in the form of stock in the company you made a purchase at.
- The ability to invest with an individual brokerage account, minor custodial accounts, IRA accounts and a checking account (most apps offer only a couple of those, but not all in one place).
- They provide a monthly economic update for Stash Plus members that gives you detailed insights of the economy to keep you informed.
- Access to educational content for investors from beginners to experts.
While many investing apps provide some of the above listed features, Stash has a unique approach giving you both simplicity and accessibility of all the above in one convenient location, the Stash Invest App.
What is “Stock-Back” by Stash Invest?
Stash's checking account and debit card has a modern way of earning extra money in the form of investments through their Stock-Back program. When you use your Stash debit card for every day purchases, Stash will do one of two things with each purchase:
- If your purchase is made at a Stash partnered retailer, either in person or online, you will get cashback in the form of stock of the partnered company at which you made a purchase.
- If the company you shop at with your Stash debit card is not publicly traded, or if it's not a part of Stash's partnered retail network, Stash will deposit stock back into your investment account in the form of shares of stock in their ETF fund, Stocks Worldwide.
In other words, every time you use your Stash debit card, you get cashback in the form of stock, either in shares of the company where you shopped or the Stocks Worldwide ETF fund.
What Stock Companies Are Available For Trade With Stash Invest?
Stash Invest started out with only a few single stock companies available for trade on the app. The list of available companies only continues to grow, and now consists of hundreds of companies.
Here are some of the popular companies you may know that are available on Stash. Click here to view a full list of the available investments and companies available on the Stash App.
- AMC Entertainment
- Abbot Laboratories
- Activision Blizzard
- Bank of America
- Bed Bath & Beyond
- Berkshire Hathaway
- Best Buy
- Beyond Meat
- Bristol-Meyers Squibb
- CVS Health
- Campbell Soup Company
- Canopy Growth
- Deer & Co.
- Delta Airlines
- Dick's Sporting Goods
- Foot Locker
- General Electric
- General Mills
- Hewlett Packard Enterprise
- J.P. Morgan
- Johnson & Johnson
- Kraft Heinz
- MGM Resorts
- Match Group
- O'Reilly Automotive
- Pepsi Co.
- Phillips 66
- Procter & Gamble
- Royal Carribbean Cruises
- Royal Dutch Shell
- Shake Shack
- Southwest Airlines
- The Coca-Cola Company
- The Walt Disney Company
- Trip Advisor
- Ulta Beauty
- Under Armor
- Wells Fargo
Furthermore, Stash investment options also include exchange traded funds (ETF's) that include both stock indices and bond indices, as well as stocks and bond funds that support common investment objectives such as growth and income funds.
Does Stash Work & Is It Worth It?
Stash Invest has taken a unique approach that seems to be underestimated by many. It's combination of available stocks and ETF funds, combined with its investment account options and its one of a kind Stock Back program, Stash has carved out it's own competitive advantage among others.
Is it the best option among micro investing apps? That depends on your investment objective, but for the most part, Stash Invest is an option that will meet the needs and then some of the majority of the investing population. For that reason, my opinion is that Stash Invest is a fantastic choice to choose for a well rounded micro investing app that works for both beginners and experts.
Take a look at our list of the best investing apps shaping the future of investing as we know it.