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App Review: Stash Investing and Saving

Put Your Money Where Your Mouth Is with Stash Invest App

I haven’t been using Stash Invest for very long, but I really like and admire the approach that they take: Invest in what you believe in.

Stash Overview –

As much as I’m a broad-market ETF investor, I’m also extremely principled in the companies I prefer to support. I don’t buy any products from the Koch brothers and have never eaten at a Chick-fil-A. I just don’t agree with what my money would contribute toward.

That principled approach drew me to Stash. I could pick from causes that I care about and put my money into curated ETFs.

Stash Invest Investment Options

You can easily identify the causes important to you. Whether you would prefer to invest in equality, military, and even cannabis, there is a cause-based ETF for you.

Keep in mind, just like any other ETF or investment these investments carry risk (my portfolio was negative until just a few days ago). Currently my Roll with Buffett ETF is up 7.37%, and my second largest (and worst) investment is my hardest hit down -1.11%.

But really, you shouldn’t be looking at them every day. Stash will automatically draft from your checking account on the schedule you choose and allocate your funds into your investments according to your assignment. Stash will even toss money into a cash account to be manually invested later if you prefer.

There’s also a great education section. It discusses everything from What is NAFTA, Investing Myths, and How to Budget for Your Dog. They even cover general market information like company news (Pepsi buying SodaStream). It’s a great way to educate yourself when you have a couple of hours.

Summary –

Stash makes it easy to invest in what you care about. While I’m not a certified financial authority, I find this to be one of the easiest methods of leveraging packaged ETFs. You can easily click into any ETF and see which companies are included and what the expense ration and dividend yield are.

Some like the Pacific Powerhouses charge a 0.1% expense ratio and yield a 2.7% dividend. AI’s Top U.S. Picks on the other hand will charge a 0.75% expense ratio while yielding a 0.54% dividend. And Corporate Cannabis isn’t much better at 0.75% expense and 0.59% dividend.

Be careful which funds to make sure that while you invest in the causes you support, you do it efficiently for your own future. Don’t overpay on unnecessary fees.

With some careful selection, Stash provides easy access to investments based on your personal preferences.

Keep in mind also that Stash charges $1 per month to start. Once your account balance breaks $5k,  Stash moves to 0.25% of your account balance.

That is in addition to the expense from the fund. A 0.75% fund and an account balance over $5k will cost you a full 1%. That’s a lot compared to a less targeted approach with Betterment or Acorns.

Read my review on Acorns here: http://www.badbudget.com/apps/app-review-acorns/

 

Disclosure –

I may earn a commission or referral bonus from links on this site. Those payments do not influence which apps are listed, they are there to have the blog start paying for itself and maybe some day become an asset instead of a liability.

 

 

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