For any investor out there, it may be a daunting task to figure out which stock he should invest in. This requires a lot of research, which for a new investor, is a painstaking process. That’s why many experts believe that there exists a better alternative to the traditional stocks and bonds – Exchange-Traded Funds (ETFs). This is considered to be one of the best ways to build a diversified portfolio with low investment.
However, in order to decide on an ETF to invest in, you still have to do some research. Luckily, all of this can be avoided by simply using Stash. Stash, also known as Stash Invest, is an investment portal designed specifically for investing in ETFs. This can be used by experienced and novice investors alike, as long as they are looking to take advantage of exchange-traded funds.
Stash app has been designed with the sole purpose of making the process of investing simpler. The application is available for Apple and Android users and all it needs if just $5 to start investing. Signing-up is convenient and once you have made an account, you can add funds and start building your own customized portfolio of ETFs. Alternately, you can also make your pick from one of the 30+ ETFs offered by Stash.
One of the most interesting things about Stash is their unique feature of naming the ETFs. Instead of keeping things complicated with the financial lingo, they have given a name to every ETF that tells you what it is all about. For instance, there is ‘Clean & Green’ which is ideal for those investors who are looking to invest in renewable energy. Similarly, there exist other ETFs as well based on technology, water, healthcare, global industries, banking, et cetera.
You can check the profile of all the ETFs on the Stash app. In addition to this, you can also browse the ‘Learn’ section regularly to improve your financial knowledge. This is particularly useful as it is meant to help you make best financial decisions. Using the Stash app, you can monitor the behavior of your ETFs in detail, buy and sell them whenever you please, and manage your account.
Stash also offers the feature ‘Smart Save’ which saves a small portion of your spare cash. You can either invest this sum or earn interest on it, depending on your preference.
The Stash account fee is $1 per month for all accounts whose balance is below $5,000. For accounts with balance more than $5,000, the yearly fee is 0.25%.
Stash is a one-stop destination for anyone looking to invest in ETFs. Even though their investment options are not that broad, it is still a good option for anyone who is looking to get familiar with ETFs.