Stash Crypto-currency Trading
Investors who are looking to trade popular cryptocurrencies, such as BAT, Bitcoin, Bitcoin Cash,
Cardano, Dogecoin, Ethereum, Litecoin, Shiba Inu, NEO, Ripple, Stellar, cannot do it on
Stash Invest. The broker simply does not offer them. For Ethereum, Bitcoin, Bitcoin Cash, Litecoin, Dash, Zcash, Stellar,
Dogecoin, and many more coins trading, investors can use a
$0-fee Webull.
Webull Promotion
Open WeBull Account
What is Stash? What is a Stash IRA?
Stash is a great app that gives a beginner investor a great start to investing their money for the future.
This is the perfect tool for any beginner that is interested in simplified investing. With Stash, investing money has never been this easy. This is also the best app to get started in investing for your retirement. Basically Stash is created for we the people. It is setup with the way we live our lives, also the way we plan to live our lives.
The Stash Retire program
Back in the day, saving your money for retirement used to require a down payment of cash up front and a minimum of up to $2,000. But now there is a better way to save for your retirement. Stash offers many different varieties of ways to invest, one of which is the Stash Retire program. Stash offers Roth and traditional retirement programs, each with various tax benefits.
With the Stash Retire program, you can open up a retirement account for only $5.00. All you need to do is accept a subscription fee of $2.00 a month for the accounts that are up to $5,000. The rate is 0.25% for accounts that have a balance higher than $5,000. This is actually a very good deal compared to other retirement plans from other companies. Start putting away your money and save it for your future by investing in the Stash Retire program.
Investment Options
Unlike some of the other brokerage accounts like RobinHood for example, which has thousands of different investment options and stocks, Stash has a really limited selection of certain types of investments that you can easily get into.
The investment options on this application are limited, but they have great potential for profit. For instance, if you invest in companies such as Facebook, Netflix, and Disney, you have a great potential for profit within this app. Those companies have been doing relatively good recently. Some of the other companies like American Innovators, Money Machines, Colossal China, ComEd all have great potential as well. There are only a few companies that have not fared so well, but only a few. (Hey not everyone can be lucky).
Let’s check out the investments and ETF’s
In 2017, an average American deposited $1,000 for an investment with Stash. Over the course of the year, the funds have grown to $1,146.00. The investor did not take any money out for the entire year. The profit that was gained for that investment was $146.00 This is an estimate of 14% growth in the account. The beauty of this app is that even people who invest under $100.00 a month can make a profit as shown in the picture. This person setup an auto stash investment which takes $5.00 from his bank account weekly and invests it into Stash IRA. After a year’s time, the portfolio’s value went from that initial $5.00 to $347.49. With a return of -$4.12 at -1.17%. So even the poor, small –time investor can can make some profit.
The fees
The term all good things come at a price applies in this instance. Stash has a $1.00 per month fee which can be deducted from your stash balance every month. Still, $1.00 a month is actually pretty good considering that there are other companies on the market that charge $60.00 a year or a fee that is based on your income. New investors that invest under $5,000.00 will have to deposit a minimum of $5.00 with the first month being free. After the first month ends, the investor will have to pay $1.00 a month.
The issue with Smaller Portfolios vs. Bigger Portfolios
So, there is a drawback with the Stash App. For the smaller portfolios, even $1.00 seems a little too much for a small investment portfolio. But for people who have larger portfolios filled with lots and lots of money, well, $1.00 a month is nothing at all.
Is Stash Legit?
This is a legitimate investing app that is designed for everyday people. It is recognized by the BBB (Better Business Bureau) and It is also recognized on Wall Street. Like stated before, investors that invest under $5,000.00 will have to deposit a minimum of $5.00 with the first month being free. After the first month ends, the investor will have to pay $1.00 a month.
Auto-Stash Feature and Auto Stash Double Up
Stash has a great new feature called Auto-Stash. Basically this makes retaining funds into your investments easy and automatic. All you have to do is setup the Auto-Stash for how much you choose, $5.00, $!0.00, $15.00 and then tap and set it. This will deduct funds from your bank account automatically. If you make small deposits on a consistent basis, you won't have any worries because you will be using your funds for investments for your future. If you invest your funds on a set schedule, you’ll get some purchases from a low price and some at a high price. It is a gamble depending on how the stock market fluctuates.
The bad news about Auto-Stash
Make sure that you have enough funds in your bank account so that you can cover for the consistent stash investments. When you turn Auto-Stash on, funds will be taken out of your account immediately, so if you don’t have enough funds to cover the Auto-Stash, your bank may issue you a $35.00 charge for an overdraft fee.
Stash is the perfect beginner’s investment app
Stash is a great platform for beginners that are just getting started and it’s for those who don’t
know which stock to invest in. This is a really good app to help get the investor rolling. After
learning the ropes, you can then move on to other investment apps such as eTrade and Robin Hood.
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