STASH APP 101
Here’s another great app to help you easily invest your money with minimal effort! For as little as $5, you can start investing your money on Stash. What’s unique about Stash is that they curate different portfolios based on either your investing type, or based on similar companies. This means less work for you trying to figure out which companies to invest your money in. More recently, Stash now allow you to invest in specific companies.
Here’s another great app to help you easily invest your money with minimal effort! For as little as $5, you can start investing your money on Stash. What’s unique about Stash is that they curate different portfolios based on either your investing type, or based on similar companies. This means less work for you trying to figure out which companies to invest your money in. More recently, Stash now allow you to invest in specific companies.
Inside of each of the portfolios you are able to see the Last Price, 1 Day Change, and the YTD Change. Additionally, you can see the price chart for 1 year, 5 years, 10 years, and 15 years, for the stocks inside each portfolio. This is really helpful for determining shortterm and longterm performance of each portfolio. So for as little as $5 you can own a piece of several different stocks.
Now there are some other cool features of Stash too. One feature is their automatic investing, which they call Auto-Stash. If you’re looking to easily invest for the long run then you might want to consider this. This can be set for a weekly, biweekly, or monthly investment. So you can easily begin investing $5 a week into a curated portfolio of your choice and never have to worry about remembering to do it or set out time to invest.
So here’s a little example for you, imagine you invest $5 per week. Over 52 weeks that's $260. Now if you invest in a portfolio that averaged out to 10% increase over the year. So over 52 weeks let’s say that you’re gaining 0.19% (10% divided by 52). At the end of the year you would have invested $260 and would end the year with around $280. Let’s say you do this for 5 years with the same percent gains per year. You would have invested $1300 and would be sitting around $1700 because of your gains. Now these aren’t huge gains by any means. But for the price of a cup of coffee every week you can start to easily make money that you wouldn’t have been making otherwise.
The last thing couple things to know about Stash is the cost. If you’re account balance is under $5,000 then you will pay $1 per month for personal and custodial (parents for kids under 18), and $2 per month for retirement accounts. Accounts over $5,000 are charged a rate of 0.25% per year of all assets.
So there you guys go! A quick and easy way to start investing in the stock market! If you use Ricky's link you'll get $5: https://get.stashinvest.com/ricky5lnmi
- Nick Benko
- Nick Benko
| Nick Benko @benkonation |
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