Both apps offer investing opportunities for beginners and experts. Stash is better suited to beginners and offers a wide selection of stocks, bonds, and mutual funds. The app allows you to invest in fractional shares, which makes it easier for beginners to understand how they work. The platform also has a portfolio-building tool, which can help you determine your risk tolerance. Before creating an account, check out the fees and strategies and other details.
Both Robinhood and Stash offer taxable accounts. Both have apps for both iOS and Android. Both offer socially responsible portfolios and banking capabilities. Robinhood offers free fractional share investing while Stash offers more than 100 different types of investment options. However, some investors may find Stash too expensive and may want to look for an alternative. To make sure, do your own research. The Better Business Bureau recommends conducting independent research.
The Ascent discourages margin trading. Margin trading involves buying stocks using borrowed money. While this may make sense in some situations, the Ascent doesn’t encourage it. If you’re a beginner, Stash Beginner is a great option. If you’re a seasoned investor, however, consider the Stash Growth plan, which costs $3 per month. If you’re looking to invest for the long run, Stash offers three different plans. The Beginner plan is the least expensive and is best for beginners.
While Stash is geared toward novice investors, Betterment is a better option for those who want professional guidance. Both sites have plenty of educational material to help investors. Both apps have a banking option and a digital investment advisor. The latter also offers more advanced features like fractional shares. While Stash doesn’t have a digital investment advisor, the former offers a comprehensive library of educational articles and videos.