I decided to go with Stash

I use to be extremely intimated with investing. So many big words and not enough dummy books around to make it less intimating.

It wasn’t until I read MONEY Master the Game by Tony Robbins that I really got serious. If reading isn’t your thing…YouTube.

(Unshakeable – is a condensed version of the book)

What I focused on first

Company 401K. Understanding the fees and benefits so I can utilize it to my full advantage. If you have an HSA, also a good tax-free way to save. And if it allows investing with no fees…YES! Fees compound just like interest does.

Then I really got into learning stock trading. I will probably never be a day trader. STRESSFUL. Buying stocks for the long-term seems more suitable for me.

I like to follow Wall Street. I do my daily dose of CNBC to see what’s going on economically around the world. I don’t base every investment choice on the daily news though. My risk tolerance is moderate. I follow the buy and hold tactic. Most of my investments are with low index funds. Pretty safe overall.

I recently decided I wanted to be able to invest in particular stocks. So I left Acorn and moved to Stash. Acorn is cool with “roundups.” If you suck at saving this could work. Although if you hardly invest any money each month, that $1 fee is way too much. Acorns also didn’t allow me to buy individual stocks. Stash on the other hand does. You still get hit with that $1 fee though. It’s more so worth it to me to be able to pick what I want. I’ve been looking into purchasing JP Morgan and a couple of other energy companies but didn’t want to go full on with a brokerage account. I wanted something simple to start out with. Stash seems to be so far what I need. I can buy bundles of funds as well as individual ones. If you really like a company, let’s say Netflix…you can drop in $10 towards that stock to start. Invest over time and eventually own one share. Or just buy $1000 of it if you want. It has options for all types of income level.

I’m starting small. I’d like to dabble a bit more before I go all in. So far, so good. I took screenshots of what the app offers. Learning material and lots of investment options. The mobile app interface design is nice and easy to use.

T

Tony Robbins says don’t be just a consumer, be an owner. If you have an iPhone, you should have a stake in their stock. I actually have an android HAHA

The point is unless you start a business that becomes super successful, you’ll never be financially free. You don’t want to worry about how you’ll pay for your bills after you retire. Even worse, be stuck at a crappy job and working until you die.

I say start. Start now. No matter how old you are. Save, automate and continue to add. At least once a year take a look at all of your long-term investments and rebalance if needed.

Stash makes it really easy. I find it user-friendly for non-techy people like me. And I’m not a pro when it comes to investing. Stash breaks it down simple enough. Their app is engaging and has tools to educate you on investing, money management etc. Remember, this is a starting point. You can always move your money elsewhere when you’re ready.

If you decide to check it out, use my link below. I can get $5 per referral up to $500 and so can you!

https://get.stashinvest.com/amara04hq9

Advertisements

Any thoughts?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s