Welcome to my Stash App Review!
For someone like you who’s desperate to earn a passive income, you come across my site and learn more about my Stash App review with high hopes. I understand your frustration, so I researched about it. A lot.
Before I dig into the Stash App and its pros and cons, first of all, I like to congratulate you for taking a time to research and find legitimate ways to make money online!
You’ll get all the answers from the comprehensive review I’m going to tackle in this brutally honest review.
I advise you to fasten your seat belts because I’m not related to Stash in any way and I’m reviewing it in an investor’s perspective: whether it’s worth your money or not. Both the positive and negative sides of the company and the products they sell.
By the way, I helped 3,000+ individuals in earning money online with the most effective and legitimate way and published 500+ review on different make money products & services in our site. So, we are one of the leading experts on this topics.
Are you ready? Let’s dive in.
Stash App Review – Quick Summary
Name: David Ronick & Brandon Krieg
Founded: 2015
Type: Mobile personal finance and micro investing application
Price: $1/month
Best for: People interested in micro investing & earn an income through buying shares of globally-renowned companies
Summary: Stash App, simply known as Stash, is a mobile personal finance and micro investing application intended to assist Americans in the alienating world of investing and earn money by buying shares from different niches or ETFs.
Is Stash App Recommended? Yes.
What Is Stash App?
Stash App, also known as Stash Invest, is a mobile investment company responsible for creating micro investing app.
David Ronick & Brandon Krieg founded and launched the investing app in 2015 with the mission of helping the Americans to simplify the financial services industry through harnessing the technology, making it easier to save money and earn money through investing.
The app requires the user to start with $5 as the minimum fund for select individual stocks and curated funds (ETFs) and beyond. According to Google Play, its new features include the zero setup, monthly, minimum balance, or overdraft fees.
You can check out the video below and see yourself how it works.
Important Background Information
- There are already 2 million+ people invested and saved money via Stash.
- Approximately 25% increase of financial literacy among Americans because of the app.
- 84% of the users are first-time investors.
- Investors come from 50 different states in the US.
- There are 479 unique Stash portfolio combinations.
- There are $1,432 auto-stashers per year on average.
- The application itself garnered many awards such as: 2017 W3 Awards, Best User Experience; 2017 & 2018 Webby Awards, Financial Services/Banking; 2018 Bezinga Awards, Investing in Millennials; and The Wall Street Journal, Tech Companies to Watch 2018
- The company’s investors include Breyer Capital, Goodwater, Coatue, USV, Entrée Capital, and Valar.
How Does Stash App Work?
Stash App is pretty easy to use wherein the user can own Personal Investment Accounts with around 30 different themed investments to choose from, arranged into what they call ETFs.
These are then narrowed down depending on the user’s tolerance and personal reference, which can also be monitored in the app itself.
In addition to these accounts, for people in the retiring age can also benefit through the Retirement Accounts with Roth and Traditional IRAs.
According to their official site, it costs a dollar more than the regular account most young American millennial use.
Further, Stash App also accommodates those who want to invest for their family and children’s needs regardless of what they are. Obviously, these include education, health, and among others.
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And because it’s the world of investment, obviously an industry filled with alienating language, the company founders are convinced that the majority don’t have enough knowledge about it.
As a result of their immense hard work, they managed to keep the jargon as simplified as possible. Thus, giving birth to the app, which to me sounds good as someone’s into money-making.
To keep the learning process adequate, Stash App provide options to those who want to go deeper in investing through coaching (personalized savings and investment advice).
This, in particular, revolves around financial education along with guidance and curated investment news. At the same time, they implement Auto-Stash, which is an automatic save and invest system to keep the whole investing process easy, without a hassle.
According to Glassdoor, Stash Invest gives their employee benefits in the insurance, health & wellness payments, financial & retirement plans, family and parenting needs like maternity & paternity leave, and others.
Stash App Compensation Plan You Need To Know
Just so you know, only the qualified users receive deposit bonus funds in the dollar amount in accord to their Bonus Offers Terms and Conditions, which includes the following:
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Complete Stash account opening process & link from the funding sources
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A minimum deposit of US$5 into the Qualifying Account.
How To Make Money With Stash App?
There are two main ways you can earn money with Stash App. As obvious as it seems, you can buy a lump sum of shares or only a fraction of it depending on your decision; or you can invite someone and earn commissions.
The companies where you can possibly buy shares are globally-renowned like Amazon, eBay, Netflix, as well as from health niches. There are many options to choose from. It’s all up to you which of these companies you think will perform great.
How do you determine it? You have to refer to their coaching or set of training they provide for you.
Setting the investment aside, Stash App gives an opportunity for the users to earn a commission of $30 in every person they invite. That is if that person opens, links a bank, and agrees to the company’s terms.
Stash App Income Disclosure Statement
Users benefit from the bonus funds they receive, which will be deposited in the account for 90 days. Also, they can earn money through referral services as I’ve mentioned earlier.
Stash App (UGLY) Truths Revealed!
1. Lack of resources regarding the basics of investment.
The realm of investment is alienating. Lots of jargon to learn. And for the beginner’s perspective, it’s a burden. Especially if there is no expert to guide them throughout the process from the start until the next milestones.
2. Expensive monthly fees versus competitors.
Compared to closest competitor like Fidelity, it’s quite expensive versus the zero monthly fees to pay. Within 12 months, a user has to pay $12 deducted from the account. Here’s how it looks like:
Stash: $12 ($1/month fee) + $5.40 (the fund’s expense ratio)
Fidelity: $0.80 (the fund’s expense ratio) = $0.80 (no monthly fees)
Overall, Stash App is 21.75x more expensive than other investment applications.
Stash Retire is slightly expensive than Stash Invest with $2 per month.
3. No guaranteed ROI unless if you work consistently hard.
Return of Investment, of course, won’t be overnight. However, Stash App investors can’t expect guaranteed ROI, especially after the $5 initial investment setup.
That is if they keep investing to either a whole share or a fraction of the company’s share as regularly as they could.
What I Like About Stash App…
1. Free Trial For The First 3 Months
Stash App offers the beginner users the free experience of micro-investing and personal finance management mobile application within 90 days.
This is to provide them the whole picture of how the app aids them with investing and see their selves the endless possibilities of earning passive income by getting a share from the companies they invested in.
2. Low Monthly Fee For Accounts Under $5,000
For beginners with only $5 initial investment startup, for example, Stash App asks only $1 per month in exchange for the chance of earning a passive income by getting shares from the ETFs in accord to personal reference.
3. Encourages User’s Full Potential To Investing
Tries to show your full potential when it comes to investing, personal strategies to implement when it comes to value of investing by showing the user’s milestones.
4. Users under age 25 benefits paid fees waived
Since they target the young generation or the Generation Z, Stash App tries to reach out to potential investors among youth. To do that, just recently, the company waived the paid fees for users under the age 25 without restricting the full access to the ETFs they invest.
5. Whole year free access on Black Friday Deals
Learning the whole thing about investment is hard, very hard, especially for beginners. But with Stash App’s free access for users to register during the annual Black Friday is the best.
6. Withdrawable money within 1 to 2 banking days
If you choose to withdraw your money accumulated in your Stash account, you can easily do it by selling the stocks you gathered and receive the amount equivalent within 1 to 2 banking days without problems.
Is Stash App A Scam Or Legit?
There is no doubt that Stash App is a legit company. I’ve searched a lot about the mobile application and there’s not a single negative feedback I came across with.
Plus, the founders’ intention to create such a wonderful program to the youth is clear. In fact, there are 84% of them are first time users with 25% financial literacy increase across the US. There’s nothing to ask more.
Stash App Reviews & Complaints
Overall, it’s a great app, because the features are over-the-top. Although, there seem to be problems with health insurance payments that others rate as average versus other features they offer.
However, this doesn’t affect the people’s judgment. They still see Stash App as a great tool to start investing or at least learn about the basics.
These figures prove it.
With 15,902 reviewers they receive from Google Play, they have a high rating of 4.3 ratings for the application. Another source has 3.7 via Glassdoor Reviews.
Though they receive negative feedback from users, they responded to them immediately. You see in the screenshots below.
Conclusion – Is Stash App Worth The $5?
Based on the reviews I’ve come across with Stash App, there are lots of positive reviews from the users amid a few bugs reported. Their active customer support is a big plus to me.
With the massive number of investors using the mobile app, responding to every complaint sooner is a telltale sign Stash does hard work to keep their reputation as one of the most multi-awarded mobile application in the investment industry.
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Now I have shared my thoughts and opinions about Stash App as a personal finance and micro-investing application, I would love to hear from you.
What kind of experiences do you have with Stash App or any other micro investment mobile app? Are they worth your while?
Do you prefer investing in a fraction of a company’s share or affiliate marketing when it comes to passive income streams?
Let me know in the comments below! 🙂
Don’t hesitate to ask anything in the comments below and we’ll be more than happy to help you out to succeed.
