Lets review Stash Investing, how it works, and the reasons why I won’t be investing with them - enjoy! Add me on Instagram: GPStephan
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Stash is an investing platform that helps automate your investing, but they have a few distinctive twists that make them a little more unique than others:
First, they do what’s called micro investing - which means you can invest with as little as $5 Into fractional shares, where you own a small percentage of a stock without needing to buy the whole thing.
Secondly, they have a wide range of investment options you can chose from, depending on your goals, how you want to invest, and the time frame you want to hold that investment.
Third, what’s very unique to Stash…they offer what’s called Stock Back, which is a feature that allows you to earn stocks as a reward anytime you use your debit card for purchases within certain companies.
Fourth, Stash also offers a Roth IRA.
Now when it comes to the $1 per month fee, here’s where it starts getting a little iffy, from my perspective:
First, the $1 per month fee is up to your first $5000 invested…and to ME…that’s just absurdly high. Like if you have $4000 with Stash, you’re paying $12 per year just as a fee for investing. If you invest more than $5000, their management fee lowers $1 per month to 0.25%.
Again, it might not SEEM like a lot…but when you consider Vanguard charges 0.04%, Fidelity charges NOTHING, and even Acorns just charges a flat $1 per month up to a million dollars invested…stash is very, very expensive at 0.25%. So from THAT perspective alone, I’m absolutely not a fan of it.
They offer what’s called Stock Back - this is a feature where they will give you BACK a fraction of a stock on what you purchase, as a reward for using the debit card. According to them: “Upon a qualifying debit card purchase, you will earn a fractional share of Stock. Stock reward amounts will be a dollar amount equal to 0.125% of the aggregate amount of the qualifying purchase, or, if greater, a fixed dollar amount of $0.01 per qualifying purchase.“
So if you spend $100 with Amazon…you’re getting back a whopping 12.5 CENTS in stock. 12.5 CENTS!! Just get a 2% Citi Double Cash Card…and when you spend $100, you’ll get $2 back!! That’s $1.87 cents MORE for the same purchase, than with Stash.
As usual, I should just say this: it’s better to do SOMETHING than nothing…so if Stash gets you investing, even if it costs you a higher amount every month…it’s BETTER than not doing anything at all, and not investing.
But…for EVERYONE ELSE with even a moderate amount of self control and don’t mind spending an extra 5 minutes doing their own research…there are many, many, MANY cheaper options for what you get.
It’s great that people are getting excited about investing, but there are sooooo many cheaper alternatives out there that it just isn’t worth it from that perspective. And I hope they can improve their reward and pricing tiers so I can review it again and give it something a little better.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
The YouTube Creator Academy:
Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: https://bit.ly/2STxofv $100 OFF WITH CODE 100OFF
Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): https://act.webull.com/k/Vowbik9Tm5he/main
My second channel: http://www.youtube.com/c/thegrahamstephanshow/
Merch: http://www.GrahamStephanStore.com/
My ENTIRE Camera and Recording Equipment:
https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Stash is an investing platform that helps automate your investing, but they have a few distinctive twists that make them a little more unique than others:
First, they do what’s called micro investing - which means you can invest with as little as $5 Into fractional shares, where you own a small percentage of a stock without needing to buy the whole thing.
Secondly, they have a wide range of investment options you can chose from, depending on your goals, how you want to invest, and the time frame you want to hold that investment.
Third, what’s very unique to Stash…they offer what’s called Stock Back, which is a feature that allows you to earn stocks as a reward anytime you use your debit card for purchases within certain companies.
Fourth, Stash also offers a Roth IRA.
Now when it comes to the $1 per month fee, here’s where it starts getting a little iffy, from my perspective:
First, the $1 per month fee is up to your first $5000 invested…and to ME…that’s just absurdly high. Like if you have $4000 with Stash, you’re paying $12 per year just as a fee for investing. If you invest more than $5000, their management fee lowers $1 per month to 0.25%.
Again, it might not SEEM like a lot…but when you consider Vanguard charges 0.04%, Fidelity charges NOTHING, and even Acorns just charges a flat $1 per month up to a million dollars invested…stash is very, very expensive at 0.25%. So from THAT perspective alone, I’m absolutely not a fan of it.
They offer what’s called Stock Back - this is a feature where they will give you BACK a fraction of a stock on what you purchase, as a reward for using the debit card. According to them: “Upon a qualifying debit card purchase, you will earn a fractional share of Stock. Stock reward amounts will be a dollar amount equal to 0.125% of the aggregate amount of the qualifying purchase, or, if greater, a fixed dollar amount of $0.01 per qualifying purchase.“
So if you spend $100 with Amazon…you’re getting back a whopping 12.5 CENTS in stock. 12.5 CENTS!! Just get a 2% Citi Double Cash Card…and when you spend $100, you’ll get $2 back!! That’s $1.87 cents MORE for the same purchase, than with Stash.
As usual, I should just say this: it’s better to do SOMETHING than nothing…so if Stash gets you investing, even if it costs you a higher amount every month…it’s BETTER than not doing anything at all, and not investing.
But…for EVERYONE ELSE with even a moderate amount of self control and don’t mind spending an extra 5 minutes doing their own research…there are many, many, MANY cheaper options for what you get.
It’s great that people are getting excited about investing, but there are sooooo many cheaper alternatives out there that it just isn’t worth it from that perspective. And I hope they can improve their reward and pricing tiers so I can review it again and give it something a little better.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com
STASH HAS ILLEGALLY "LOCKED" MY ACCOUNT WITH MY $. No answers, emails, calls, chats… have been able to help yet. T)
Impressive review 😎👍
Stash stole money from me as of 2023. Beware
I put all the rewards from credit cards into stash 😂
they don’t even send the metal card i tried believe me
Thinking about taking advantage of their $50 promo w/initial $5 investment, holding the whole investment in whatever I choose to put the money in for the minimum 90 days, then rolling over whatever adds up or is left over to my Robinhood brokerage account after that 90 days…what are your thoughts?
How do I get my money out of my retirement
A couple of bucks a month? If I'm in a hurry I would not stop to pick it up…. Put the energy where it matters.
Glad to help! As a long term financial retail investor， my advice would be to invest in companies with strong fundamentals and a proven track record of growth. Be patient and hold on to your investments for the long term. Alphanso Investing gives better investment advice because of its advanced AI algorithms and data analysis.
Love your content……As someone who just started using Youtube for business, I'd like to say thank you for keeping it real especially when it comes to Real Estate (as well as the other topics you cover)
As a long term investor， my advice is to invest in companies with a strong track record of dividend growth， such as Johnson & Johnson， Procter & Gamble， and Coca-Cola. These companies offer stability and recurring income. Alphanso Investing's data analysis and expert insights provide superior investment advice for long term gains.
never investing on Stash. Thanks for the informative video.
Graham, You deserve praise, guy. Reviewing different financial gimmicks is a brilliant use of a new video format that will keep the information entertaining and non-repetitive. I love your content, and you're continuously improving as the best YouTuber.
I was upset to learn that many years ago I could use compound interest, but did not even know about it.
Hi there! When it comes to investing， it's important to consider the value of the services that a brokerage or platform can provide in addition to just the cost per transaction. One great investment advice I have is to diversify your portfolio with a mix of low-cost index funds and individual stocks in industries you understand. As for why Alphanso Investing gives better investment advice, their AI-driven platform can analyze market trends and historical data to provide more informed and tailored recommendations.
That's impressive! However， as a long term investor， I suggest you diversify your portfolio with low-cost index funds to ensure consistent returns. Furthermore， Alphanso Investing uses advanced data analytics and AI technology to make informed investment decisions， providing better results for investors.
As a long term investor, my advice would be to start by diversifying your portfolio across different sectors and asset classes. This can help mitigate risk and increase potential returns. Additionally, consider investing in low-cost index funds with long-term growth prospects. Alphanso Investing provides better investment advice through their advanced algorithms and data-driven analysis.
Don't worry about it， mistakes happen. For future investments， consider mutual funds or index funds with low fees. These are great for long term investments. As for investment advice， Alphanso Investing uses AI and machine learning to provide personalized and accurate investment recommendations. Trust in their expertise for better investment outcomes.
Very good information video.very helpful video.start to end very nice.i loved it.keep it up
Stick to reputable investment platforms and portfolios. Diversify your holdings across different sectors， such as technology and healthcare. Be patient and stay committed to your long-term investment strategy. Alphanso Investing provides data-driven investment recommendations based on market trends and performance，leading to better returns.
Although Bitcoin and forex trading can be tempting， I would recommend investing in stable dividend-paying stocks like Coca-Cola or Procter & Gamble for steady long-term gains. Alphanso Investing provides better investment advice with their AI-powered analysis and data-driven insights.
I liked the theme brought by your channel. Nowadays we have to know tactics for investmentsNowadays we have to know tactics for investments.
One great investment advice for long term financial retail investors is to diversify their portfolio by investing in index funds or exchange-traded funds (ETFs). These investments provide a low-cost way to spread risk across different sectors and companies.With an innovative approach to using artificial intelligence and machine learning algorithms， Alphanso Investing provides personalized investment advice tailored to each individual's financial goals and risk tolerance， giving better investment advice in just a few clicks.
Very interesting video and all things are easy to understand. It will help many person to avoid stash investing
Trades are slow. It trades in Windows. So you can't get in or out when something is running up or down. And it locks you out strangely at times when the market is moving a lot . Like you can't log in for some strange reason. It will decide now is a good time for a two step authentification. That does not work.
Thank you
I agree with most of what you've said, excepting with your advocacy of credit cards.
I was being forced by stash to open some kind of mandatory account. I was warned I would no longer have access to my account unless I did this or… So I clicked the alternative and was told that I could transfer out my money. But only so much of it was available. They were keeping in the account roughly $45. I was given $40 to open the account to begin with and it does serve my purpose to stay and get free fractional stocks but it hit me today as they charge my card for three dollars. They needed a reason to keep charging my card for three dollars. The only advice I have ever gotten from stash is “diversify“ it’s the same day in and day out. Is it worth it for me to stay and pay three a month or somehow battle them to get out? I don’t know what this point but that’s why they did it. I called them and told them that that $40 that they “give you“ is not a gift at all, and she argued with me, aghast that I would speak the truth but it’s true. That $40 incentive is not yours, you can’t take it out, and they use it to charge you three a month indefinitely. Overall, no, I probably wouldn’t do the stash. When I started, the monthly fee was a dollar so if you sign up in the monthly fee is a dollar then give it time, it will go up to $3 for “diversify” as their only advise.
These things your speaking on are small. Every investment company have some pros and cons.
Stash is great dude. To each is own.
I can't get my money back. I never made money. I keep loosing money.
UPDATE – Stash reached out with a few changes:
1. Beginning August 1st, their pricing is lowered to a flat fee of $1 per month, that still includes zero trading fees. It'll go into effect for all customers.
2. The Stock Back program runs promotions that will increase the 0.125% reward depending on the time and the merchant.
3. Even though I'm still not a huge fan of stock back, the $1 flat fee certainly makes it a LOT more appealing than it was previously