You can start with whatever you have to spare, and even choose to add to the account monthly with as much as you can set aside. This means that you don’t have to save up a ton of money in order to get the ball rolling on your investment portfolio. Holdings and performance are hypothetical. Just like the name implies, you can separate and organize your money into categories–bills, vacation goals, downpayment, etc.–and set reminders to add to your savings.ĭebit Account Services provided by Green Dot Bank and Stash Debit card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A. Stash also allows you to build and track savings goals with their Partitions feature. Thanks to Stash’s recent launch of DRIP, you can automatically reinvest your earnings across the entire Stash suite of products, whether you hold IRA, brokerage, or custodial accounts. If you want to be more aggressive, you’ll see options like high-risk stocks.īy reinvesting your dividends, you can allow your money to grow even faster. If you answered that you wanted to be a conservative investor, these foundational choices will be “safer” investments like bonds. It will also note foundational investments based on your personal risk tolerance and, in turn, asset allocation. The app will give you a rundown of recommended ETFs based on your unique needs and financial situation. Once this process is complete, you’ll be given your Stash results. They do not accept other forms of account funding. a checking account) during the setup process, which you’ll then use to fund the account when you’re ready. You’ll also be asked to connect a funding source (i.e. In order to curate your investment recommendations, they’ll ask you questions about your income, total asset values, and when you plan to use the money you’ll be investing. Are you a conservative investor who wants to play it safe, an aggressive one who doesn’t shy away from high-payout risks, or somewhere in between? In the initial registration process, you’re asked about your own investing style (or how you think you’ll be once you start). You can sign up for Stash on its iOS or Android app as well as on its website.
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