Stash$1-$9 per month
- Investing guidance for new and experienced investors
- Fractional shares as low as pennies
- Invest in what’s important to you
- Relatively high fees
- No interest on cash or savings
- No automatic investment rebalancing
Hey there. My name is Bob Haegele and I'm an expert at frugal living and saving money. I’m also an EV enthusiast and have recently become mostly-vegetarian. Another thing I started doing recently? Dog walking. I’m working toward financial independence making money via my own ventures. Interested in starting a blog of your own? Check out my post on starting a blog.
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Thank you for the breakdown.
So where did you get that Stash doesn’t use ROBO-Advisors because everywhere else I have read says it does??
I’m not sure where you are seeing that. Here is some more detail from other reviews:
“In some ways, Stash operates like the Robo advisors we’ve reviewed here at Investor Junkie. But unlike Betterment or Wealthfront, Stash doesn’t directly manage its customers’ accounts. Instead, the service teaches you how to start investing by building a portfolio of ETFs or selecting single stocks.”
“Stash basically leaves portfolio management up to you. There is no automatic rebalancing or tax impact considerations. Stash curates a list of stocks and ETFs that its clients can use to build a portfolio, but beyond that, it’s up to you. Stash states that it doesn’t rebalance portfolios ‘or otherwise manage Stash Accounts for Clients on a discretionary basis.'”
What is your recommendation for a starter investor if it isn’t Stash? I’m intrigued by all of it, and appreciate your insight.
I would look into SoFi Automated Investing. It is completely to use and they even let you work with financial advisors for free. I reviewed it for Modest Money if you want more info:
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