Becoming a first time investor has become pretty popular in recent years! According to the 2021 CNBC/Momentive’s Invest In You Poll, 59% of respondents aged 18-34 years old began investing in 2020.  

And 57% of those 18-34 year olds reported using self-service mobile apps to invest. Why? Probably because investment apps make it relatively cheap and easy to start investing as a beginner – even if you don’t know much about the stock market.

Investing apps also make it possible to put investing on auto-pilot so you can reach your financial goals without having to constantly monitor the stock market.  

With over 5 million registered users, Stash is one of the most popular investment apps among new investors. One of the reasons for that is because Stash makes it possible to invest on a budget as low as $5/month! But, as you may know, Stash isn’t your only option for investment apps.  

That’s why, in this Stash review, we’ll help you decide if it’s the right one for you by answering common questions like:

• What is Stash?
• How does Stash work? 
• How much does opening an account cost?
• What are the pros and cons of Stash for a beginner investor?
• What do you need to open an account? 
• How do you set up an account? 
• How much money can you make with Stash? 
• How do you withdraw your money from Stash? 

Feel free to read along in that order. Or, jump ahead to the section that interests you most right now. Either way, let’s begin! 

What Is Stash?

Stash is an investment app that makes it easy for you to invest small amounts of money in the stock market. Currently, there are more than 5 million Stash customers who use the app to invest as little as $5 a month. 

How Does Stash Work?

$5 a month isn’t much. And, so, you may be wondering: how is that even possible when you consider that buying even 1 stock in any major US company can cost thousands of dollars? Is Stash legit for investing if your monthly contribution is a fraction of how much stocks really cost? 

Good questions! And both of them can be answered by explaining how Stash works.

By investing with Stash, what you’re really doing is buying a portion of a share of a stock. These are called fractional shares. For example, instead of buying 1 whole share of stock in a company like Apple, you can buy 1/20 of a share and still earn some money if the stock performs well. 

But Stash isn’t the only finance app that lets you buy fractional shares. That’s a common feature among other micro-investing apps like Acorns. What makes Stash different from its competitors are the features and benefits that come with their subscription plans.