You’ve probably said before “what should I invest in?” or maybe “I don’t have money to invest”. But what if you could invest your spare change from that coffee you bought this morning? You can do just that. Stash Invest allows you to start investing with just $5, and you can invest as little as $5 each month and gradually build up your “stash”. You’ll also be able to withdraw money at anytime. It’s a great app, and it’s filling a niche that we’ve started to see become pretty popular in recent months.
Stash Invest has 30 different easy-to-understand investment themes. These includes like Clean & Green and Roll with Buffett. All of the investments in the app are managed by experts like Vanguard, State Street and BlackRock. With Stash Invest you can learn as you go and get simple tips as well as guidance which will help you develop smart financial habits. As the developer states “It’s like having an investment advisor in your pocket.” And it really is. Best part is that it’s free, for the first three months. After that, it’ll be $1 per month. Once your account hits $5,000 the annual flat fee is going to 0.25%, which is about $12.50 per year for an account with $5,000 in it. Not bad pricing at all here from Stash Invest.
Stash Invest is also secure and safe. They use “bank-grade security” so your money and personal information is nice and safe. This is to prevent unauthorized access to your account. They are also a member of FINRA, NYSE and SIPC. So you can leave your money in Stash Invest and have a nice peace of mind. They also have a toll free line which is available to help you out, and they have an email address. So they are always around to help you out if you have questions or need some help.
Right now, Stash is available for free on the Google Play Store. There are no in-app purchases, but they do make money off of the fees. And at just a dollar a month, that’s a pretty low fee to get started investing, and even lower with the three months free trial (which Stash clarifies as 90 days from the day the account is opened).