Michael Ecke is a mortgage professional - NMLS # 1439805, entrepreneur, businessman, and founder of Prosperment. As a current employee of a Fortune 50 company, Michael is dedicated to ensuring the utmost attention to detail and quality control. Michael provides executive oversight and direction to Prosperment and its sister companies. Michael brings to his position the business foresight and acumen required as Prosperment continues its remarkable growth.
Stash started to simplify investing, but their true mission runs deeper. Today, your financial products too often fail you. Stash believes everyone should have access to financial education, technology, and services that help you achieve your life goals. In the past, individual investors had to buy one or more shares of a stock or ETF(exchange-traded fund) to make an investment. If the price of one share was $100, that was the smallest amount an individual investor could buy.
However, it’s now possible for companies like Stash to buy one share, and split it into parts, or fractional shares. So if you want to buy $5 of an ETF or single stock that costs $100 per share, Stash can buy a full share, and have you own just a $5 fraction of that share. That way, you can make small investments as a way to get started, you can invest in a more flexible way, and you can put more of your money to work.
Why use Stash?
No add-on commissions or trading fees, just $1 per month. And your first month is free. Become an investor in just two minutes with as little as $5 (Click link to get $5 to start investing). Stash helps you pick an investment strategy that reflects your interests, beliefs, and goals. You don’t need a deep wallet to start Stashing. With Auto-Stash, you can easily make investing a habit. Pick an amount you can afford, and build your Stash over time.
How is it possible to start investing with only $5?
In the past, individual investors had to buy one or more shares of a stock or ETF (exchange-traded fund) to make an investment. If the price of one share was $1,000 (Like Amazon or Alphabet), that was the smallest amount an individual investor could buy.
However, it’s now possible for companies like Stash to buy one share, and split it into parts, or fractional shares. So if you want to buy $5 of an ETF or single stock that costs $1,000 per share, Stash can buy a full share, and have you own just a $5 fraction of that share. That way, you can make small investments as a way to get started, you can invest in a more flexible way, and you can put more of your money to work.
Why should I invest?
Investing is a great way to make your money work for you. Keeping your money out of the market can mean a loss of thousands of dollars of growth and dividends over the course of your money-earning life. The sooner you start investing, the greater your chance of benefiting from compounding. Let’s say you invested $20 a week. After 20 years, your $20,800 investment would be worth over $34,000 (assuming a 5% compound annual return). If you’d left that money in the bank, you’d have missed out on nearly $14,000 worth of gains.
Does Stash cost money to use?
Nobody likes to work for free. After your first free month Stash Invest has a fee of $1 per month and Stash Retire has a fee of $2 per month. Once your account reaches $5,000, Stash switches to 0.25% of your account balance per year (that’s $25 a year for a $10,000 portfolio).
What is the Stash Coach?
Stash Coach is a personalized coach for your Stash account. Stash Coach can help provide you a guided investing experience. Coach helps you understand what you should be doing next, and guides you on a journey toward becoming a better investor.
What am I investing in on Stash?
ETFs make up the foundation investments on Stash, such as your recommended mix. There are also many other ETFs available on Stash that are grouped according to themes. Stash also offers select single stocks, found under the “Companies” tab in the app.
ETF stands for Exchange-Traded Funds. An ETF is a basket of investments (for example: stocks and bonds) bundled into funds that are traded on an exchange. That fund owns the underlying assets (i.e. stocks, bonds, cash, or even physical gold bars!) and tracks an index – or group of companies with something in common.
If you’re interested in investing in specific industries such as technology, you can invest in an entire group of tech stocks and invest with an ETF, or choose to invest in a specific technology company. And when you purchase fractional shares, you can build a diversified portfolio with as little as $5.
Stash picks a select group of the thousands of ETFs and stocks available, based on factors like low fees, managed risk, and historical performance. Stash recommends a set of those investments for you, based on the profile you fill out when you sign up. For each investment available to you on Stash, you can see the primary companies included, read the investment profile, and you can always visit the fund website for more information.
Stash is a Prosperment recommended investing app for every level. Start today and get $5!