While $1 is the minimum fee required to open an account with Stash, you can invest in even smaller increments once your account is up and running. Fractional share investing is a great option for investors who don't have loads of money to invest but still want to own top stocks and ETFs. And you'd need over $3,200 to buy one share of Amazon.īut with Stash, you can buy little pieces of these companies, called fractional shares, at any dollar amount. For example, at the time of this writing, one share of Apple stock would cost you over $100. Individual share prices of some stocks can be very expensive. ![]() You can use this feature for any of your Stash investing, retirement, or custodial accounts. The platform also allows you to automatically reinvest any dividends you earn. Finally, Stash offers "Portfolio Builder" ETF portfolios, which are built to match each investor's specific risk level. Stash offers "themed" ETFs, with names like "Blue Chips" and "Delicious Dividends," that make it easy to understand what types of securities are bundled in the fund. Fractional share investing, starting at 1 cent, is available for each of the investments on Stash's platform. Stash is a micro-investing platform that offers a wide variety of individual stock and ETF investment choices. Stash, meanwhile, restricts custodial account access to subscribers on its $9-per-month month Stash+ plan. Custodial accounts are included in the Acorns Family plan, which costs $5 per month. If you're looking to open a custodial account for your kids, Acorns will be the more affordable choice. With Acorns, your investment choices are limited to five ETF portfolios. Stash account holders can invest in hundreds of individual stocks and ETFs. If you're only looking to invest (and do your banking elsewhere), Stash has the slight edge because it offers more flexibility. It includes banking in its $1-per-month plan, while you must be an Acorns Personal customer ($3 per month) to open an Acorns Spend checking account. If you're looking to do your banking and investing with the same company, Stash may not the cheapest investment app on the market, but is the cheaper of the two. Stash's main competitor is Acorns, which also offers round-ups, recurring investments, and fractional share investing. But Stash may not be right for investors who want the lowest management fees or who plan to be active traders. And each of these brokers offer robust trading platforms that are more conducive for active traders.īottom line: Stash could be a great choice for beginners who want help investing more as well as more control over their investments than robo-advisors offer. ![]() While they can't match Stash's automatic savings tools, they offer wealth management services, including features like automatic rebalancing and tax-loss harvesting.įinally, if fractional share investing is your main goal, it's important to point out that you can do that for free with several online brokerages, including Robinhood, Charles Schwab, and TD Ameritrade. If this is you, you may benefit more from an automated advisor like Betterment or Wealthfront. Some people may have the discipline to put aside money each month for investing, but would like help with deciding how to invest those funds. Stash offers guidance for beginning investors, but doesn't manage investments for them. Stash also offers a suite of tools to help you determine your risk tolerance, open a retirement savings or custodial account, and invest in fractional shares or ETFs ( more on these features below). Stash offers tools like Set Schedule, Round Ups, and Smart-Stash to help find extra cash and invest it. Investment options don't do you any good if you aren't able to find money in your budget each month to invest. Stash is best for beginner investors who want help investing more each month.
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