Stash Invest Reviews – The Good, The Bad, and The Ugly

If you’re looking to get into investing, you’re in luck. stash invest reviews

Nowadays, it’s easier than ever before to get started thanks to the rise of investment apps. stash invest reviews

One of the most popular is Stash.

Stash is an investment app aimed towards beginners. They promise to make your introduction into investing easy and pain-free. They also promise to change your financial future – meaning if you stick with them, you’ll become rich.

But how true are these promises?

How good is the app? stash invest reviews

Is it really as easy as they make it seem?

Let’s find out the answers to all of these, and look at the good, the bad, and the ugly side of Stash.

The Good, the Bad, and the Ugly

As with everything, there are three sides to Stash.

The Good stash invest reviews

What’s the hardest part of investing?

The start.

Those first few hundred dollars that you put out there and don’t know if they’re ever coming back.

Stash takes this worry away completely. Thanks to their micro-investing option, you can start investing with as little as $5!

With this, you don’t have to buy entire stocks which can cost up to $2,000. You can opt to buy only a fraction of it instead.

Of course, you won’t get much if you only invest $5. High investment yields high returns. But for beginners, this is the easiest way to get started.

From there, you can grow your investments and, eventually, your money.

Stash won’t leave you to figure out the next steps either. No, they’ll also give you personal guidance on how to make it to the next level.

stash invest reviews

Stash has a ton of free educational material you can study to learn all about finances and investing. stash invest reviews

Plus, unlike other investment apps, Stash doesn’t decide where your money goes. You choose where your money goes.

What do we mean? stash invest reviews

In other investment apps, you choose how you want to invest (conservative, moderate, or aggressive). Based on your choice, the app decides where to put your money.

In Stash, your choice will narrow your options, but you’re ultimately the one who decides.

This not only allows you to take charge, but you will also learn a lot more this way. Remember, Stash was made for beginners, but they don’t intend you to stay that way forever.

Once you’ve decided, Stash’s simple automation will make everything easy and automatic for you.

So you see? You’ll be hard-pressed to find a better beginner’s investment app than Stash.

But wait!

There’s more…

When you sign up with Stash, you’ll also get a debit card. And it isn’t your everyday debit card either. With it, you can enjoy their Stock Back rewards.

Use your Stash debit card to make purchases on select retailers (we’re talking Amazon, Walmart, McDonald’s, and hundreds of other top companies) and you won’t just get ordinary reward points. Instead, you’ll get a percentage of that company’s stock.

This way, every time you shop, you’re also accumulating stocks.

And that’s not all yet.

When you’re ready for the next level, get yourself a Stash + account. With it, you’ll get a metal debit card that’ll give you 2x more Stock Back rewards!

With your Stash + account, you can also start saving for retirement. Set-up your retirement account (IRA) and enjoy the tax benefits that come along with it. You can choose between a traditional or Roth account.

Don’t know which to choose? Stash will be there to help you find the right one for you.

This way, you’ll have funds prepared for when you’re too old to work.

The younger you invest, the better. While you can’t make yourself younger, you can get your kids off to a great start with the Stash + custodial accounts.

Invest in these accounts so when your children grow up, they can claim all the money you’ve saved up for them. They can enjoy the best education and opportunities, something every parent wants.

stash invest reviews

Are we done?

Not quite.

With your Stash + account, you can also enjoy

  • A personal investment account
  • A bank account with Stock Back
  • Getting paid 2 days early
  • A monthly market insights report.

All of this on an extremely easy to use app that is 100% beginner-friendly. Investing has never been this easy.

Finally, Stash is completely safe.

With millions of people turning to Stash for their investments, you know this is an app that can be trusted.

So what are you waiting for? stash invest reviews

The Bad

Oh right, that’s what.

Before you jump in and start investing, you should know the whole picture first.

Stash, while it’s no doubt great for beginners, has some areas that could use improving.

For one, micro-investments give back micro returns. You can start an account with $5, but don’t expect to get much back if you only invest this amount.

If you continuously invest small amounts, your annual growth is going to be tiny. Plus, there are fees. The $1/month fee ($9/month for Stash +) will eat up a big portion of your earnings.

This isn’t too big of a problem though. All you have to do is invest more. However, most people who get Stash in the first place are still afraid to do this.

Another problem with Stash is it’s account types. The basic $1/month may be affordable, but it doesn’t have a lot to offer.

This basic account lacks the retirement account, tax benefits, children’s account, the metal card with 2x Stock Back rewards, and monthly insights reports. stash invest reviews

To get all of that, you’ll have to pay an additional $8/month for Stash +.

Is it worth it?

For a lot of people, the answer is no.

Those extra $8 could’ve been used for investing. Instead, it’s eating away at any money you make.

And that Stock Back rewards program? It’s difficult to get any value out of that.

If you check the numbers, you’ll find that Stash will give you 0.125% back for the amount you spent.

This means if spend $10 on Amazon with your Stash debit, you’ll get $0.01 worth of Amazon stock as a reward.

You don’t have to be an expert to see that that is very small. You’ll have to spend a boatload of money if you want worthwhile stock returns.

It’s better than using a debit card that won’t give you anything in return. But don’t get your hopes too high.

The Ugly

Those problems are quite bad. Still, a lot of people choose to ignore them. To them, the good outweighs these.

That is until they find the ugly side.

The truth is, there are a lot of better ways to invest your money.

Stash has a lot of investment options. But look elsewhere, you’ll find the exact same opportunities (and you won’t have to worry about fees).

There are a lot of other ways that you can get better offers and bigger returns. And all those educational materials? You can also find that for free if you look hard enough.

stash invest reviews

The Bottom Line

So is that it?

Is Stash just trash?

No.

Because Stash will get you doing the one thing you need to do – investing.

In the words of Carlos Slim, “Anyone who is not investing now is wasting a tremendous opportunity.” stash invest reviews

Despite the imperfections, using Stash is better than doing nothing at all.

And it’s not all that grim either. Remember, Stash was made for beginners.

It’s very difficult to find an investment app that is as beginner-friendly as Stash. It’s essentially foolproof. Even the most clueless person will gain the fundamentals of investing when they use this app.

So if you’re looking to invest, but don’t want to dive into the intimidating, complicated, and technical side of things, use Stash!

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