![]() ![]() Investment Accountsĭepending on your plan, Stash offers you: You can read more about Stash alternatives at the bottom of this post. That’s high in comparison to what other robo-advisors charge for managing your money (spoiler alert – it ain’t 3.5%). Your $12 subscription fee ($1 x 12 months) turns into nearly a 3.5% annual fee. Let’s say after your first year, you’ve rounded up spare change in the amount of $350. Well done), you’re likely to have little money invested at the end of the year. While their $1 monthly fee sounds low, keep in mind that if you have a low balance, that fee just got pricey.įor example, if you’re only using your Stash to invest your spare change because you’re just getting started and have little money (I still applaud you for getting started. Metal tungsten debit card with 2X Stock-BackĪccording to Stash, your monthly subscription covers virtually everything (I’m not worried about a $0.50 out-of-network ATM balance inquiry fee).Custodial investment accounts for two kids (UGMA/UTMA).For $9 a month, Stash+ gets you everything in the Growth and Beginner plans plus: However, Rollovers aren’t available at this time. Investors do have the option of subscribing to the retire-only account, Stash Retire, for $2 a month. Investors have the choice of either a Traditional or Roth IRA. Think of it as your individual taxable account with an IRA add-on. This gains you access to everything in the Beginner plan with the added feature of a retirement account and all of its tax benefits. Stash has gotten rid of all asset-based pricing and opted for a simple, transparent flat monthly fee structure. You’ve got three options when opening an account with Stash:īeginner earns you an individual investment account, equipped with debit access and Stock-Back on purchases (works similar to cashback but with stocks). This is their cheapest plan at $1 a month. According to Stash, your monthly subscription covers all investing costs. “Yes, all other fees are included within our monthly subscription plans.”Īll plans include unlimited trading and no add-on commissions as well. Someone got back to me in under 24 hours with a reply: My question was whether the fee included fund expense ratios because that would be an added cost if you’re paying the monthly subscription fee AND the operating cost of the fund. I did reach out to a Stash rep inquiring about their monthly subscription fee. *** Stash no longer uses an asset-based pricing model*** – Stash Save with Stash Invest Monthly Subscription Plans Stash helps the 99% build smarter financial habits so they can confidently save more and enjoy life. 2018 The Wall Street Journal Tech Companies to Watch.2018 Benzinga Awards for Investing in Millennials.2017 & 2018 Webby Awards in Financial Services and Banking category.2017 W3 Awards for Best User Experience.Unlike traditional robo-advisors with robust features like tax-loss harvesting and automatic rebalancing, Stash’s approach is rooted in educating investors while helping them construct their portfolios based on what matters most. – Brandon Kriegīased in New York, Stash has grown to over 3 million customers, with $530 million in assets under management (AUM). After a combined 30+ years in the business, we saw that Wall Street can be fundamentally unfair to smaller investors as they work to accomplish their goals. My co-founder Ed and I left our jobs to start Stash because we believe everyone should have access to financial opportunity. They’re an online banking and investing platform democratizing the financial services industry.Ĭo-founded in February 2015 by Brandon Krieg (CEO) and Ed Robinson (President), the duo hopes to attract a new generation of investors while still appealing to seasoned pros. In this Stash review, we’re going to take a look at their investment options, fees, and whether you should take their service for a test-drive. If you’re looking for a gateway into the world of investing, Stash might be right up your alley. Stash lets you invest in themed-portfolios and individual stocks for $5. Similar to other apps, they offer a fully-automated suite of investing tools catered to the younger, inexperienced investor. Where’s a new investor to turn – especially one with little savings or financial know-how? ![]() The emergence of fintech firms wants to change this. According to this USA Today article, investing in the stock market hasn’t returned to normal levels. It’s no wonder people are skeptical, especially young Americans. Despite these facts, only an average of 38% of the youngest Americans owned stocks from 2008-2018, down 52% from the pre-financial crisis days. Mobile apps, index funds, and reduced minimums have lowered the barrier to entry. Investing gets easier with each passing generation. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |