Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (2023)

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This is a good time to be a first-time investor. Overcoming the psychological barriers to investing can be tough, especially when you are cash-strapped and knowledge deficient on the topic.

Fortunately, Stash Invest and Robinhood have emerged to eliminate the frustration that surrounds it, by making the process of participating in investing easier for new entrants.

So, what happens when you compare these two robo-advisors? Check here quick comparison.

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (1)

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (2)

Accounts & Fees

Management fees

$3 or $9/month

N/A

Account Minimum

Starts at $3*

$0

Account Types

  • Individual brokerage accounts
  • Online debit accounts
  • Traditional and Roth IRAs
  • Custodial accounts
  • Traditional brokerage account (stock, options, ETF, and cryptocurrency trading)

General

Best for

  • Investor education
  • Socially responsible investing

DIY stock trading

Promotion

$5 bonus

Free stock

Human advisor?

Rating

(Video) Robinhood vs Stash 2022: Best Investing App?

8.0/10Visit Stashon Stash's website

8.0/10Visit Robinhoodon Robinhood's website

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (3)

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (4)

Management fees

$3 or $9/month

N/A

Account Minimum

Starts at $3*

$0

Account Types

  • Individual brokerage accounts
  • Online debit accounts
  • Traditional and Roth IRAs
  • Custodial accounts
  • Traditional brokerage account (stock, options, ETF, and cryptocurrency trading)

General

Best for

  • Investor education
  • Socially responsible investing

DIY stock trading

Promotion

$5 bonus

Free stock

Human advisor?

Rating

8.0/10Visit Stashon Stash's website

8.0/10Visit Robinhoodon Robinhood's website

(Video) Why I’ll never use Stash investing

Investor Warning: All securities trading, whether in stocks, exchange-traded funds (“ETFs”), options, or other investment vehicles, is speculative in nature and involves substantial risk of loss. Robinhood Financial encourages its Customers to invest carefully and to use the information available at the websites of the SEC at http://www.sec.gov and FINRA at http://FINRA.org.

General Comparison and Overview 🔍

These platforms are important and couldn’t have come at a better time. Recent studieshighlights that only one-third of all millennials do any sort of investing.

Therefore, it is good news that micro-investing applications such as Stash and Robinhood have emerged to help budding investors dip their toes into the waters with minimal risk: they are allowed to start with as little as $5. For the avoidance of doubt, these new online investment services are not robo-advisors by any stretch of the imagination, so they don’t really help you manage your investments.

Nevertheless, they still provide beginners with many valuable services, including selecting investments that are aligned with their goals and corresponding risk tolerance level. They remove the complexity in building investment portfolios by constructing them from low-cost, diverse exchange-traded funds (ETFs).

The proliferation of micro-investing apps, and the creation of a new financial ecosystem has forced the investing public to confront some hard questions. In this Stash Invest vs Robinhood comparison, we go through it all — fees, benefits, educational resources, customer service, performance, and even more.

What is Stash? 💭

Stash doesn’t manage your accounts for you but it makes investment easy, fun, and convenient; especially for those new to the investing game. This personal finance and investing app touts as its goal, the mission “to create financial opportunity for all Americans, no matter their income.”

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (5)

Stash doesn’t invest for you — the platform aims to teach you how to invest. Many prefer the flat fee structure, though the access to socially responsible investing is making waves.

Fast Facts

  • Account Minimum: $0
  • Fees: $1, $3, or $9 per month
  • Best for: New investors seeking education
  • Highlight: Unparalleled access to Socially Responsible Investing portfolios

Ratings

  • Expense Ratios: 7/10
  • Account Types: 7/10
  • Investment Options: 9/10
  • Management Fees: 8.5/10
  • Responsible Investing: 10/10
  • Human Advisors: 0/10
  • Overall: 6/10

Visit Stash on Stash’s website

Investor Warning:All investments involve risk, including loss of principal. The historical performance data for individual securities quoted on the Stash platform represents past performance, does not guarantee future results, is provided as is and solely for information purposes, is not advice or for trading purposes, may be subject to pricing delays, should not be used for tax reporting, may not reflect actual future performance, and is gross of Stash fees.

It does this mainly by providing a platform to prospective investors to enable them to select the best investment options for their needs by creating a portfolio of exchange-traded funds (ETFs).

These ETFs are a popular way to invest primarily because they are inexpensive, tradable funds. Generally, the annual fee for these ETF funds normally starts from 0.07% and ends around 0.95%, with an optimal average of 0.295%. Therefore, when you compare the fees Stash charges alongside those of many robo-advisors (often between 0.10% to 0.25%), it is obvious the Stash’s costs are at the higher end of the price spectrum.

The process of kicking off an investment portfolio with Stash is as simple as installing the app on your device, signing up for the service and answering the questions required to build your investor profile.

Unlike robo-advisors that consist mainly of ETFs, Stash strives to put more investing power in your hands. To provide more control to investors over what and how you invest, they consequently include individual stocks too.

Stash Invest provides customers with three subscription options: Stash Beginner, Stash Growth, and Stash+. The good thing about these plans is that they come with monthly flat-fees and don’t take into account asset-based pricing. In addition, all these three plans have similar features such as unlimited free trading and no add-on commissions.

The Benefits of Using Stash 📈

The good thing about Stash is that it is as simple as it gets. Its initial plan, Stash Beginner, is perfect for beginner investors looking for low-cost investing options.

It only costs $1 a month and what you get with that insignificant amount is quite impressive. This monthly flat-fee doesn’t come with any asset-based pricing, so you can be sure of what your budgeting costs will look like pretty consistently.

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (6)

It comes with a brokerage account that includes access to Stash’s online bank account and a debit card. This bank account charges no overdraft fees and promises a payday of up to two days earlier than usual. As if these weren’t enough incentives, it also comes with a rewards program.

In addition to the debit account and other goodies, it also comes with free financial education packages, personalized guidance, automatic saving and investing tools, and “stock-back” rewards.

If you’re feeling a bit extravagant and decide to up the ante to $3 per month, then you’ll be rewarded with Stash Growth for your efforts. In addition to the bank and brokerage account, Stash Growth will throw in a retirement account – either a Roth or traditional IRA, depending on your fancy. This tax benefit investing is the huge difference between Growth and the Stash Beginner.

For those who choose either retirement accounts, they will be given access to over 250 exchange-traded funds (ETFs) and stocks. Both these Roth IRA and traditional IRA retirement accounts have no minimums, but require a maximum contribution of $5,500 a year for clients under the age of 50. Those older need to contribute at least $6,500 each year.

For the customer who really feels like going overboard, then with the princely sum of $9, they will be upgraded to the Stash+ account, which is promoted as being capable of maximizing investors every dollar.

Stash+ will roll out the red carpet by providing all the benefits of the previous two account tiers, but it will also throw in two custodial accounts so customers can invest on behalf of minors (in case these customers are parents or legal guardians).

This account will be accompanied by a monthly market insight report, and metal card – instead of the usual plastic – which comes with 2x Stock-Back capability.

Fractional Shares 📊

Some investors are able to put with Stash’s extra fees because of the ability to purchase fractional shares. Being able to purchase less than a full share of equity in a single trade, especially for blue-chip, albeit expensive stock that would have ordinarily have been out of reach for most investors is a huge attraction.

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (7)

In line with its mission to help beginner investors make sense of the new terrain they are wandering into, Stash renames FTFs to better reflect the holdings that they represent. For instance, the Vanguard Small-Cap ETF is renamed Small but Mighty, while the SPDR S&P BioTech ETF is called Modern Meds. This makes otherwise complex and confusing names more meaningful and easy to comprehend.

What is Robinhood? 🤔

Free is enticing and always has a good ring to it. The Robin Hood most of us are acquainted with is from childhood tales about a folk hero and his band of outlaws who robbed the rich to give to the poor.

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (8)

Robinhood have played a leading role in the industry move towards eliminating fees on stock trades. They a™re most suited to investors looking to make quick, easy and free trades through an app, without all the extra frills.

Fast Facts

  • Account Minimum:$0
  • Fees:$0
  • Best for:Low Costs & Mobile Friendly
  • Highlight:Pioneer of Commission Free Stock

Ratings

  • Portfolio Analysis:6.5/10
  • Education:3/10
  • Commissions & Fees:10/10
  • Usability:9/10
  • Account Options:3/10
  • Investment Options:8/10
  • Overall:7.5/10

Visit Robinhoodon Robinhood’s website

(Video) Stash vs Robinhood | Best Investing Apps

Investor Warning:Carefully consider the investment objectives, risks, charges and expenses of any investment company before investing. All securities trading, whether in stocks, exchange-traded funds (ETFs), options, or other investment vehicles, is speculative in nature and involves substantial risk of loss. Robinhood Financial encourages its customers to invest carefully and to use the information available at the websites of the SEC athttp://www.sec.govand FINRA athttp://FINRA.org.

While this Robinhood investment app under discussion has no intention of facilitating theft, Robinhood’s commission-free stock, Exchange-Traded Funds (ETFs), options, and even cryptocurrency trades mean that customers incur no fees while using the trading app.

Robinhood was created with a focus on Millenials, to enable them get started on the journey of investing without having to part with a bulk of their earnings through commissions. The app doesn’t demand a great deal of research to plunge in, making it ideal for those who just want to get started.

Imitation might be the best form of flattery, but when many of the big-time brokerage firms took a page out of Robinhood’s playbook and started eliminating trading commissions and fees, this somewhat dimmed Robinhood’s star-power.

However, Robinhood is finding other means to outduel the competition. It is one of the few that gives its customers the ability to trade cryptocurrencies such as Bitcoin, Ethereum, among others. Its mobile app is quite intuitive and user-friendly, frequently getting rave reviews for its usability.

Apart from cryptocurrencies, it recently introduced options into its lineup. However, one significant drawback is that Robinhood doesn’t include bonds or mutual funds in its offerings.

Account Types 👥

Robinhood provides three accounts that are designed to address different investing needs; namely Robinhood Instant, Robinhood Gold, and Robinhood Cash.

Robinhood Instant is free and is the account that users automatically get when they sign up. This account provides the following benefits:

  • ☑️ Robinhood Instant provides investors access to their funds immediately after selling.
  • ☑️ The luxury of extended trading hours.
  • ☑️ Instead of waiting the usual 5-6 days for ACH to clear, Robinhood Instant allows you to deposit up to $1,000 promptly.
Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (9)

Robinhood Cash is also a free account that doesn’t have either instant deposits or instant access to funds. Margin investing isn’t allowed, however, no restrictions are placed on day trading.

Robinhood Gold is Robinhood’s premier margin trading service. This service tier comes with the following fees and minimum requirements:

  • ☑️ Account Fee: $5 per month
  • ☑️ Minimum Investment: $2,000
  • ☑️ Annual Interest: 5%, based on how much margin you used

Since you’re first $1,000 of margin is included, if you borrow anything above that then you have to pay 5% interest on it.

This essentially means that it allows you to trade with borrowed money, which is also a good prospect in business and investing. You can even try it for free for 30 days before you decide to commit.

📝 Cautionary note: it is quite risky to invest in margins since you can wind up losing more than you borrowed with unlucky selections. Only advanced and sophisticated investors comfortable with risk, who have done their homework and research should indulge in this.

The premium features that are included in this account are:

1. Boost of Buying Power

It is capable of granting 2x buying power. So, for instance, if you have, say $5,000 in the account, then you can get the equivalent of $5,000 margin for a total $10,000 buying power. Users are empowered with the ability to set limits on margins so they can only borrow what they are comfortable with.

2. Instant Deposits that are Bigger

This is actually based upon your account balance and goes as follows:

  • ☑️ Limit of $5,000 for all Gold users
  • ☑️ Limit of $10,000 for balances over $10k
  • ☑️ Limit of $25,000 for balances over $25k
  • ☑️ Limit of $50,000 for balances over $50k

3. Morningstar Research

This affords account holders the ability to obtain investment and analysis from Morningstar on up to 1,700 stocks.

4. Level II Market Data

This provides visibility to real-time bids on stock exchanges like Nasdaq.

Mobile App 📱

While its highly stripped-down but usable mobile app might be a draw for some who don’t want bells-and-whistles distracting them, it is glaringly lacking in research tools. Moreover, its barebones trading experience doesn’t make it very suitable for investors seeking a more robust platform.

One of the advantages of this minimalist design is that gives it a fast load time that enables it to function smoothly without delay. It eliminates the fluff and present stock’s vital statistics straight to the user.

Commission and Fees 💰

So, which is better: Stash Invest or Robinhood? Both platforms share certain similarities, the most salient being that they attempt to provide a mobile-first approach to investing.

Stash provides some measure of hand holding for new investors with in-built educational content. But Robinhood is completely free to use, however, an investor needs to have enough cash in their account before they can buy a full share of a stock or ETF. But just because it’s free, is Robinhood better than Stash Invest?

Robinhood 🏹

There is no cost to using Robinhood. If this is so, then how do they make money?

Primarily through Robinhood Gold, which is an optional margin account for advanced users and charges $5 per month. With Robinhood Gold, investors are able to gain access to Level II streaming quotes, Morningstar reports, and margin trading (which charges a 5% annual interest).

Robinhood also generates revenue through interest earned on customers’ cash balances, including rebates from market markers plus trading avenues.

The pitfalls of Robinhood mainly revolves around the scope of its offerings. Users are limited because the only account available for customers to open is an individual taxable account. As a result, there are no retirement accounts or college savings options that are available on similar services.

Stash 💵

Fees aren’t the sole factor to consider in trading stocks. If we look to security for example, Robinhood provides two-factor authentication while its counterpart doesn’t. But Stash is bolstered by implementing the Payment Card Industry Data Security Standard (PCI DSS) compliance.

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (10)

Stash’s promise that you can start investing with just $5 is quite alluring. You can watch your portfolio grow over time just by putting only $5 or thereabout into a different type of ETF every week.

However, for the cash-strapped investor who wants to be frugal, the question to ponder is this:

Which One of These Apps Is Best If You Don’t Have Money?

Let’s take a look at Stash. On the surface, it appears to be quite cost-effective but delving deeper paints an entirely different picture.

For the money-conscious among us, you’re probably not going to be too enamored by paying “only” $1 per month for the privilege of using Stash Beginner. While it might seem low on the surface, it is actually more exorbitant than it looks – especially from the vantage point of a small-time investor just starting out.

FeaturesStashRobinhood
Annual FeeSTASH Beginner ($1/mo); STASH Growth ($3/mo); STASH+ ($9/mo) Robinhood Cash (Free); Robinhood Gold ($5/mo)
Minimum Deposit$0Robinhood Cash ($0); Robinhood Gold ($2,000)
CryptocurrencyNoYes
IRABoth Roth IRA and traditional IRA accountsNone
Fractional SharesYesNo

Assuming you invest $5 a week for an entire year. Then your fees come up to $260 (based on 52 weeks comprising a year). Though this might not seem unduly onerous, but with a $12 annual fee, that means you’ll be paying 4.6% of your portfolio as a fee!

Even if your account grows generously by say 8%, which incidentally is the highest standard which the Stash’s “Potential” calculator allows you to go, your earnings still wouldn’t be able to cover half the fee.

When you compare this with the fact that with other competitors we’ve reviewed on this blog such as Betterment and Wealthfront also require no minimum deposit and only charge somewhere between 0.25% and 0.5% – which comes to about 65 cents on a deposit of $260.

(Video) Stash vs Acorns: Which Is The Better Investing App For Beginners?

Moreover, Stash snatches this fee directly from your bank account, instead of your portfolio which you have to be keenly aware of for budgeting purposes.

However, one advantage provided by Stash is that it ensures that every dollar in your account is invested, eliminating procrastination and the analysis paralysis that might afflict tepid, new investors.

Return on Investment 🏦

However, because Robinhood is free to use you are likely to get a better return on your investment. Investing as little or as much as you want without having to worry about incurring a fee, though it comes with an optional paid service.

In addition, the Robinhood app can be found useful by any beginner with substantial capital to trade, especially on niche assets such as cryptocurrencies.

But unlike Stash, the risk associated with Robinhood is the possibility of your money just sitting there idling away while you try to save enough to purchase your initial ETF.

This type of delay and psychological drag is the last thing a fledgling investor needs. As a result, Stash is better at providing that important impetus a new investor needs to get started.

Stash is able to allow investors to begin with as little as $5 because unlike Robinhood, they employ what is known as fractional shares. Fractional shares allow for lower costs because they involve splitting a full share into smaller pieces after they are bought.

These partial-share increments allow investors with Stash to be able to invest in more and different funds, (for example, owning shares that they would otherwise be incapable of buying, such as those of Berkshire Hathaway that go for a king’s ransom of $300,000 per share) thereby increasing the quality, flexibility, and diversification of their stock portfolio.

In addition, Stash’s fractional shares help to ease new investors into the turbulent waters of investing by providing a smooth transition rather than having to buy high-priced shares.

Safety and Security 🛡️

Robinhood is absolutely safe. Your funds on Robinhood are protected up to $500,000 for securities and $250,000 for cash claims because they are a member of the SIPC. While Stash’s app comes with a bank account backed by Green Dot Bank. Stash is a registered investment advisor with the U.S. Securities and Exchange Commission (SEC).

Stash 💵

Your investments in Stash are protected by holding them with Apex Clearing Corporation, which is a third-party SEC registered broker-dealer and also a member FINRA/SIPC. Apex, which is a part of the Securities Investor Protection Corporation (SIPC), ensures that each investor’s funds are insured for up to $500,000 total (including $250,000 for claims for cash).

It also maintains the Payment Card Industry Data Security Standard (PCI DSS) compliance that mandates all technical controls are evaluated to ensure data on the cards are protected from malicious actors.

Robinhood 🏹

You can rest assured that your investments are safe with Robinhood because it is covered by the Securities Investor Protection Corporation (SIPC). The SIPC protects your investments by insuring the stocks and options in your account up to $500,000 (including $250,000 for claims for cash) in the event that Robinhood fails.

However, the SIPC doesn’t take responsibility for, nor does it protect against investment losses resulting from the market. Robinhood is also a part of the Financial Industry Regulatory Authority (FINRA), along with being SEC-registered broker-dealer.

Stash vs Robinhood: Pros and Cons 🏛️

A lot of similarities on both sides, as well as differences, let’s find out exactly what they are.

Stash 💵

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (11)

Pros

  • Robust research and educational content.
  • Great customer support.
  • Low account minimums.
  • Provides fractional shares.

Cons

  • Burdened with high ETF expense ratios.
  • Lacks investment management tools or support.

Robinhood

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (12)

Pros

  • No minimums
  • Commission free trades
  • Bare bones but user-friendly app
  • It is SIPC protected
  • Offers free extended trading hours
  • Provides real-time market updates

Cons

  • No phone option for customer service
  • No IRAs
  • Limited research available on platform
  • No mutual funds or bonds are available
  • No fractional shares offered
  • Poor customer service

Summary: Stash Invest vs Robinhood 🏁

Do you need a little hand holding while you build an investment portfolio consisting of ETFs? Or can you go on your own, but are sensitive about fees and commissions?

Not to sound too simplistic, but these are the two overriding questions to answer when deciding to choose between Stash or Robinhood.

If you answered affirmatively to the first question, then Stash Invest is likely to be more appropriately suited for you at this stage of your investing life. While Stash is better for those who are brand new to investing, you should however beware that even the $1 costs adds up overtime and that these costs come out of your investing gains, eating into your margins.

Moreover, you can find investment management options that are cheaper, and provide advisors that are more comprehensive (whether human or robo).

On the flip side, Robinhood is a solid choice for those who are perhaps a bit longer in the investing tooth, who are able to comprehend its streamlined platform that emphasizes real-time data but not much else. There is no curation in Robinhood, unlike Stash, and so you have direct access to buy and sell listed stocks and ETFs directly like a pro.

Therefore, if you are at the point where you can invest without much in terms of in-depth research or guidance, then Robinhood is for you.

Irrespective of which of these apps you decide to use, they are likely the future of trading, so there are compelling reasons to get acquainted with them.

Stash Invest vs. Robinhood (2022): Is Stash's Portfolio Feature Worth It? (13)

Comparison Corner

Find out how Robinhood and Stash stack up against other competition.

  • Robinhood vs. Vanguard
  • Robinhood vs. Fidelity
  • Robinhood vs. E*Trade
  • Robinhood vs. TD Ameritrade
  • Robinhood vs. Ally Invest
  • Robinhood vs. Schwab
  • Robinhood vs. Firstrade
  • Robinhood vs. Webull
  • Robinhood vs. M1 Finance
  • Robinhood vs. Stockpile
  • Robinhood vs. Betterment
  • Robinhood vs. Wealthfront
  • Robinhood vs. Stash Invest
  • Robinhood vs. Acorns
  • Stash vs. Acorns
  • Stash vs. Betterment

All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid.

About the author

Tim Fries

Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firm specializing in sensing, protection and control solutions.

(Video) STASH INVEST vs ROBINHOOD APP | Which App Is Best For You?

FAQs

Is Stash as good as Robinhood? ›

Stash: 2022 Comparison. Robinhood offers free trading and appeals more to active investors, while Stash offers far more educational content and the option for a managed portfolio. Many or all of the products featured here are from our partners who compensate us.

Is it worth it to use Stash? ›

If you're looking for access to both a managed portfolio and an individual brokerage account where you can dabble in picking your own investments, Stash may be a good fit. Stash also provides access to fractional shares, allowing you to diversify with very little money.

Can I trust Stash invest? ›

Deposits to Stash bank accounts are FDIC insured up to the legal limits through a partnership with Green Dot Bank. Investments with Stash are protected up to $500,000 through partner company Apex Clearing Corporation.

What app is better than Stash? ›

In general, Stash is most likely to appeal to DIY, hands-on investors, while Acorns tends to be a better fit for investors who want to outsource management of their investments.

Is there a problem with Stash app? ›

Stash Status. No incidents reported today. No incidents reported.

Can you cash out portfolio cash on Stash? ›

Generally speaking, you're free to transfer or withdraw money out of Stash whenever you want. There are a few caveats, though: If you have investments, first you have to sell those and wait for the SEC-mandated holding period to be over.

Why does Stash keep taking my money? ›

It sounds like you either have Auto-Stash or Smart-Save turned on. Auto-Stash is Stash's automatic investment tool. It runs on a set schedule, so head to the app and adjust the timing or turn off Auto-Stash if you'd like to stop automatic deposits/investments.

How do I stop Stash from taking money? ›

Go to your name in the top right corner. Select 'Subscription' on the left hand side. Click on 'Manage' next to your subscription plan. Select 'Close my Stash for good' at the bottom of the page.

Is Stash smart portfolio good? ›

Stash is a great option for new investors who would like to learn about investing while having the flexibility to create their own portfolio or utilize an automated portfolio management service. The educational content is excellent and easy to understand.

What happens if Stash goes out of business? ›

Q. What happens to my account if Stash goes out of business? We have every intention of sticking around for the long term. However, if anything happens to Stash that required us to close up shop, you would maintain control of your account. No matter what, your investments are always yours.

Does Stash have hidden fees? ›

Stash charges 0.25% annually for advisory services, with a $1 minimum per month for taxable accounts and a $2 minimum per month for retirement accounts. It is that minimum that creates a potential issue, however, as $1 a month on a small total value will be a larger management fee percentage than 0.25%.

How much do I need to invest in Stash to make money? ›

Stash Review 2022
Stash Invest
Product NameStash
Min InvestmentNo investing minimum¹
Subscription Fees$3/mo or $9/mo
Account TypeTraditional IRA, Roth IRA, Taxable, Custodial
1 more row
10 Nov 2022

Which is better acorn or Robinhood or Stash? ›

Robinhood offers the most when it comes to investing, and Acorns is a great option for set-it-and-forget-it savers. Stash combines the upsides of both with only a little less functionality. All three are solid online brokerage options, though, depending on your needs.

Which is the best platform for investment? ›

  1. Charles Schwab. No fees or minimum balance requirements. ...
  2. Fidelity. Zero trade and account fees. ...
  3. Merrill Edge. Seamless service for Bank of America customers. ...
  4. Ameritrade. Zero fees for stocks and ETFs. ...
  5. Betterment. Leading robo-advisor platform. ...
  6. Fundrise. Invest in real estate with low minimums. ...
  7. Acorns. ...
  8. Etrade.

Why does Stash not have all stocks? ›

Stash is selecting stocks we believe are suitable for and of interest to our users. This means sometimes a stock you may be thinking about buying may not be available yet. Unfortunately, we can't give a timeline on when a specific stock will be added, but check back regularly! Was this answer useful?

Why can't I cash out on Stash? ›

You don't have enough money in your accounts.

You can only transfer your available balance in your Stash Bank account or your amount available to transfer in your Portfolio Cash. Here's how to find these amounts in the app: From the Home screen, tap Transfer on the bottom navigation bar.

Can you quit Stash? ›

Log into Stash.com from a web browser (Safari, Chrome, etc.). Click your name in the upper-right corner. Click Subscription. Click Close my Stash for Good at the bottom of the page.

Why can't I close my Stash account? ›

Why can't I close my Stash Account? There is no option to cancel your Stash account on the app at the moment. You can close your Stash account at any time from your account on the Stash website. If you are still experiencing problems, reach out to the Stash support team.

How do I get my Stash portfolio money? ›

How do I withdraw money from my smart portfolio?
  1. Login to Stash.
  2. Click Transfer.
  3. Select Smart Portfolio as your From account.
  4. Select your To account.
  5. Enter the amount you want to transfer.
  6. Click Confirm (web) or Continue (app).
  7. Click Make Transfer (web) or Transfer (app).

Where does portfolio cash come from in Stash? ›

Portfolio Cash is money you've allocated to your Stash Invest account that is not currently invested. The sum is a combination of: Transfers you've made from Stash Banking or your external bank account. Auto-Stash transfers to your cash balance.

How much cash is too much cash for your portfolio? ›

A good strategy to follow is to allocate around five percent of your portfolio to cash, although some financial planners might recommend up to 10 percent or 20 percent depending on your needs, life stage and risk profile.

Does Stash report to the IRS? ›

Form 1099-B

Stash will only send the 1099-B if you sold more than $20 in investment during the year or if you are subject to any backup withholding. Backup withholding typically happens when the information submitted to the IRS does not match the information you have on file with Stash.

Does Stash charge a monthly fee? ›

Why does Stash charge a monthly fee? We're all about transparency. Unlike other investment apps, we don't have banking overdraft charges 2 or add-on transaction fees†—just a flat monthly subscription ($3 or $9 per month) for access to all your money needs.

Can I trust Stash with my SSN? ›

Stash takes safeguarding your personal information very seriously—we use it only for identification purposes, and we never perform credit checks. As a financial service institution, we're required by law to obtain, verify, and record identification information.

Does money grow on Stash? ›

Or invest your Stash in Cash+

Stash's Cash+ portfolio grows your money a little bit every day. Get a 4.5% effective annual growth rate (we give 31 days' notice of any change) no matter what happens to the markets.

What stock app is better than Robinhood? ›

Overview of the Best Robinhood Alternatives
BrandBest forInvestment options
WebullThose eager to learnStocks, ETFs, crypto
TD AmeritradeIntermediate-level tradersStocks, bonds, mutual funds, ETFs, futures
BettermentHands-off investingETFs
Ally InvestSelf-directed investorsStocks, bonds, mutual funds, ETFs, options
6 more rows
28 Oct 2022

Who is better than Robinhood? ›

Robinhood vs. 5 Alternatives
  • Overview of Robinhood.
  • Alternative for beginners: Fidelity.
  • Alternative investment app: Acorns.
  • Alternative for cryptocurrencies: Gemini.
  • Alternative for retirement saving: Charles Schwab.
  • Alternative that's similar overall: Webull.
16 Sept 2022

Which apps are better than Robinhood? ›

TD Ameritrade is one of the best overall online brokerages and a great alternative to Robinhood. After going commission-free in 2019, it instantly became a robust platform that offers far more trading options than Robinhood. TD Ameritrade has one of the easiest to use platforms available on both mobile and desktop.

What is the #1 investment app? ›

Betterment – Best investment app overall

Betterment is one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that's calibrated against your own risk tolerance and when you need the money.

What are the top 3 best investments? ›

Here are the best low-risk investments in December 2022:

High-yield savings accounts. Series I savings bonds. Short-term certificates of deposit. Money market funds.

What is the most trusted trading platform? ›

List of Best Trading Platforms in India :-
  • Zerodha Kite.
  • Upstox Pro.
  • FYERS ONE.
  • Sharekhan Trade Tiger.
  • Angel Broking Speed Pro.
  • Trade Station.
  • Trade Eye.
  • Trade Racer.

What bank is behind Stash? ›

Stash offers access to FDIC-insured banking accounts through Stride Bank N.A., member FDIC.

Who is Stash backed by? ›

All Stash accounts are held by our trusted partner and custodian Apex Clearing, a registered broker-dealer regulated by FINRA. At Apex, your investments are protected up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investor Protection Corporation (SIPC).

Which is better Robinhood acorn or Stash? ›

Robinhood offers the most when it comes to investing, and Acorns is a great option for set-it-and-forget-it savers. Stash combines the upsides of both with only a little less functionality. All three are solid online brokerage options, though, depending on your needs.

Is Stash good for beginners? ›

Stash is best for beginners who want automatic investing options with freedom to choose investments. With fractional shares, subscribers can invest in thousands of securities at any dollar amount. Its fees start at $1, which may be higher than fees charged by other apps for small balances.

Do you pay taxes on Stash? ›

The investments you make with Stash are taxed the same way as any other investment. This means you will need to pay taxes on money you make through capital gains, dividends, and income interest.

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