Over the last decade, there has been a surge in investment opportunities and investment intermediaries such as Stash. As these opportunities continue to expand, so do the worries of lots of people who do not know if they can trust those who they’re handing their money over to.
These worries are justified, and you are not alone. Money right now is a very sensitive issue and it is one I hope to defuse with this article. This article focuses its beam on if Stash is a legitimate or a fraudulent enterprise.
If this Stash review interests you, then read further.
Learning to invest can be a very daunting task, especially if it is your first time venturing into the investment space. Armed with the knowledge that investing involves a bulk of information, a clear understanding of risk, and capital, a growing number of companies have come with ways to go around these impediments.
These companies offer through their platforms avenues that are now generally known as micro-investing. Micro-investing is done when you invest small amounts of money regularly, usually through online media.
An online platform makes it accessible to everyone, especially when there is an app that directly loads the platform, as most micro-investment platforms now do. While others have these same features, Stash promises some peculiarities which others do not offer.
Can I invest with Stash?
Yes you can. Stash is a platform that takes care of some sets of people. Mostly those;
Why Stash?
Stash allows new clients to keep an account with as low as $0 as balance. This not only opens up a range of possibilities but also ensures that you don’t feel pressured to stay in case you decide to leave.
The Stash Coach app ensures that you are not alone while trying to navigate your way through the platform. The coach app with the use of a series of questions acquires details about you that it can use to determine how to tailor products to all of its clients.
The Stash Coach app also allows you to choose your risk tolerance, which is usually between conservative, moderate, and aggressive. Data on net worth and other income data make for a robust platform.
What drawbacks does Stash have?
It is easy to understand that there are no perfect scenarios. There are always terms that don’t just sit well with us. While other micro-investment platforms have terms that are also uncomfortable, many, most especially those with very little money to spend, all agree that the $1 per month charge is significantly higher when compared to what’s obtainable on other platforms.
Is micro-investing safe?
Yes, it is. Micro-investing is safe, but there are a few drawbacks. These drawbacks can include a lack of control resulting from the inability to choose the kind of shares you want to purchase, minimal returns which are a result of the very limited funds, and the inability to immediately withdraw funds due to the fact that it takes time to sell shares.
Is Stash safe?
Stash, as an SEC-registered investment adviser, is required to follow federal regulations that protect you, the investor. By law, they have a duty to provide investment advice that is in the best interest of their clients. This makes investing with Stash a safe option. Stash is safe.
Is Stash a legitimate or fraudulent platform?
Stash is a legitimate platform that allows its clients to micro-invest with as little as $5 on an app. There is nothing fraudulent about the micro-investment app. Stash earns money by charging investors a small monthly fee. Stash has three plans, which are; Beginner ($1/month), Growth ($3/month), and Stash+ ($9/month).
What is the age limitation for Stash?
Stash only allows adults to create accounts on its platform, and can only allow minors to create accounts if the account will be managed by an adult until the age of adulthood which is usually at the ages of either 18 or 21.
Conclusion
If you are keen on investing your money, no matter how small, then Stash is a good option.
