How to Put Your Money to Work with Stash

Owning stock used to be seen as something for the wealthy. The stats appear to be borne out by that, with 53% of Americans owning stock. The majority of these stock-owning Americans are white and wealthy.

But the financial landscape is changing fast with the onset of the pandemic. Now, everyone has a route into the stock market. In our Stash review, we talk about how this little app can help you to start your investment portfolio.

But how do you put your money to work with Stash invest in the most profitable manner?

What is Stash?

Stash was born to tackle the problem of ordinary Americans not having access to the stock market. Back in 2015, both the mobile app and web platform were born.

With Stash, you can invest in thousands of different stocks and funds from a single platform. There are no trading restrictions, and you pay no commissions when you invest.

The whole point of Stash Invest is to learn, earn, and save. Master these three core pillars and you can get started now.

Earn by Saving

Stash enables you to invest with as little as $5. You can save your money by linking your bank account within the app and setting how much you want to invest every month.

While it might not sound like much, 56% of Americans have less than $5,000 in savings. What this means is that most people struggle to establish the discipline necessary to save.

Most Stash reviews praise this simple habit-forming feature in helping them to take advantage of having Wall Street at their fingertips.

Learn About Your Investments

For beginners, understanding how investing works is difficult. Not everyone has the time to read about the markets and determine what to invest in.

If you want to stash wealth and build your portfolio for the future, you need to learn about your investments.

Stash makes this easy with its pre-built portfolios. Options for pre-built portfolios include:

• Tech
• Renewable energy
• Precious metals
• Selection of ETFs

For example, one portfolio comprises the big American tech innovators, such as Facebook, Amazon, Microsoft, Apple, and Cisco.

Another pre-built portfolio includes companies that concentrate on renewable energy, such as Meridian Energy and Vestas Wind Systems.

This takes the trouble out of trying to figure out individual companies and their stocks. It also gives you exposure to whole sectors while spreading the risk associated with investing in just a single company.

Buy Fractional Shares

Perhaps the coolest feature for those who want to stash wealth on the app is the ability to work with fractional shares.

Fractional shares are portions of whole shares. With some big companies having share prices in the thousands, investing with just a few dollars allows you to get a piece of the action.

It means every single one of your dollars is working at all times, so you’re not just letting your money sit and do nothing until you have enough to buy one whole share.

Plan for the Future

The smartest investors are never surprised by their portfolios one, five, or 10 years from now. They’ve already factored in anything that might happen. It’s the essence of a successful long-term investor.

Within the app, just click on the Potential tab and you’ll see what your expected growth rates will be over defined periods.

Stash capital and you’ll be able to see how big your account will be up to ten years into the future. It’s a powerful tool that gives you everything you need to accurately plan out your investments going forward.

Of course, how much your portfolio grows largely depends on how much you deposit regularly. What you invest in is important but building the habit of constantly adding to your portfolio will accomplish far more than trading in and out of stocks.

How Does it Compare to Other Popular Investing Apps?

There are no real downsides to using Stash. Creating a stash of money through the app sees you pay almost no fees while setting up the saving habits of a lifetime.

When comparing Stash vs. Robinhood and other similar apps, there are a lot of similarities. The difference is Stash is the only one that comes with actual savings features.

If you need help with establishing the discipline necessary to build a portfolio for the first time, Stash is the app for you.

The Bottom Line

Remember, Stash is not designed to make you money by itself. It’s simply a way of democratizing access to the stock market.

For millions of Americans who have always considered investing in stocks to be out of reach, Stash offers hope. You can get started from as little as $1 per month.

Sign up for an account with Stash today and get a $5 signup bonus by following this link.