Oh, the incredible world of investment apps! Today i want to share with you the difference between
stash and robinhood the title of the video is you might be surprised and I'll go through exactly
what that means so stay tuned let's get started with the video did you know only in one in three
millennials actually invest their money and that actually includes retirement accounts that is not
good millennials we need to start investing that's a very very important thing because
long term you can pay off significantly and build your nest egg and your net worth that you deserve
what broke down that barrier to entry is these investment apps you got Webull you got robin hood
you got acorns you got stash and in my last video that i just did comparing Webull and robinhood a
lot of people ask well what about stash well what about stash that's what we're talking about today
I'm gonna put head to head the stash investment app with the robinhood investment app and which
one is better for you what i'm gonna start off with first is the similarities between both of
these apps then we're going to dive into the differences and why you might be surprised with
which one i would recommend now i'm not one of those guys that starts one of these videos and
it's a sponsored video where i have never used this investment app and I'm just trying
to regurgitate crap that i haven't used no no no this is not a sponsored video and in fact i've
used both of these investment apps stash i used a little bit longer now stash i've used for about
two years now robinhood I've been in that game for about eight months so i have used these things
i have transferred money in transferred money out purchased stocks sold stocks and everything
in between so when i tell you the difference is I've been through them and i want to share them
with you so let's start with the similarities similarities with stash and robinhood is that
they both offer fractional shares long story short in the past when you wanted to buy one share of a
company you had to put up the entire cost of that share for example let's take a look right now at
apple yeah at the recording of this video apple's going for 119 bucks guess what that means for you
in the past you would have to put up 119 bucks but thanks to fractional shares you can put up
the amount of money that you have available and get a fraction of that full share so let's say you
only have five dollars we can put in five dollars and get the equivalent of five dollars worth of
the share of apple then as the market goes up and down and that share price changes you get the
opportunity of either getting your five dollars to go up or down depending on the market timing so
that has made it really cool and very easy to start investing with either one of these
apps some other similarities they're both free to download from the app store the google play store
onto your smartphone you can also use them on the web you can go on to a browser if you have a home
computer or something like that you can certainly use it that way but i find that a lot of people
like to use the app because you're as you're traveling going out into the world you can pull
up your stock portfolio and see how you're doing they both allow automatic investments and i think
this is where it's very cool in the past you've heard me talk about Starbucks i gave up Starbucks
and what i do now is i take that five dollars per week that i was putting towards Starbucks coffee
and i put it toward this so what i do now is i have five dollars per week automatically going
into stash i have ten dollars a week automatically going into robinhood if you don't have a lot of
money to start that's fine you can transfer as little as like one dollar into either one of these
and just do that week by week it'll automatically debit it out of your bank account
and invest it into whatever you'd like but let's get to the good stuff right you want to know why
am i going to be surprised bob and furthermore what are the big differences between these two
if you're looking to get started off so over here I'm going to talk about stash
over there I'm going to talk about robinhood let's compare him the very first thing is what these
these investment apps actually offer stash offers things like stock trading and a lot of banking
so you can do like your IRA you can do a debit card you can do things like that
which makes it cool for the everyday new investor that's what's nice about stash now robinhood a
little bit more advanced they don't offer things like the ira and the banking and the debit card
at least not at this time but they do offer things that stash does not cryptocurrency so if you're
into bitcoin Ethereum and all the cryptocurrency things out there robinhood allows you to invest
in that cryptocurrency so you might want to check that out they also allow you to purchase the
stocks very similar to stash but they also allow you to purchase options now options is a little
bit more of an advanced tactic it's not for the beginners of these investment apps but as you want
to scale up as you grow your knowledge in these investment worlds robinhood allows you to scale
that up with purchase of options if you wish to do so another key difference between these two which
is a little bit strange but in my past video i you know when i was comparing Webull app to robin hood
i talked about how Webull is a little bit more difficult to navigate takes a little bit
more advanced knowledge and robinhood is fairly easy well I'll still say that robinhood is easy
but I'm also going to say that stash is very very easy let me give you a great example let's
say you transfer in five dollars and you want to put that five dollars into the stock market with
stash you can go into their app and they make it kind of simple to understand they
basically put all the investment in layman's terms for example you can go in and click on
their investment options for beginners and one that i particularly like is delicious dividends
now delicious dividends well that is an actual ETF that you can trade on the market but they break it
down and they have a cool little image they caught delicious dividends and they explain what it's
all about these are companies that typically pay anywhere from a quarterly to a monthly dividend
that you get extra money on top of the growth of that particular stock now the big difference
here is if you scroll to the bottom of delicious dividends you will notice that it does state this
is the Schwab u.s dividend equity etf so that has its own ticker symbol but you don't have to worry
about that within stash you can just type in what you believe in let's say it's the travel industry
let's say it's new technology it makes it super super simple to understand thanks to stash and
how they organize their modes of investments now with robinhood makes it a little bit more tricky
because you need to know the particular ticker symbol so with robinhood let's say you do want to
invest in what stash calls delicious dividends you would have to know the ticker symbol which by the
way if you don't know it is s c h d and then you can go into that now where this is kind of nice
though from a robin hood perspective i'm actually going to jump over and look at apple again the
individual stock of apple and i do like the amount of information that's that robin hood provides
unlike stash for example you can see the analyst ratings on this particular stock or really any
stock that you pull up it lets you know if they're stating that you should buy it hold it sell it
that's their recommendation and then it gives you some news on the topic it also gives you
some information between what people are saying about the stock and i think that's really helpful
and that gives you a little bit more control so you can not only learn about the stock market but
you can say you know what does this make sense to me do i want to keep moving forward with it stash
while they do offer news and some things like that it's not as detailed as robin hood so just keep
that in mind let's talk about another difference and that is free stuff and free benefits you get
when you sign up for either one of these apps because who doesn't like free stuff i mean right
give me a like if you like free stuff and if you don't like the video you don't like free stuff
come on tap that like button down below when you get started with robinhood you don't even have
to deposit any money you can just sign up for an account this is what it looks like they're gonna
give you a free stock just for signing up it can be something small something typical maybe it's a
five dollar stock six dollar stock whatever they do but you do have a chance to get a bigger stock
about i think it's like one in 500 one in 300 something like that could get a big one like an
apple or a tesla or one of the big boy stocks so definitely worth checking out and what you
could do is sign up get your free stock and just let it sit and check it out and see what happens
and before you invest your money you can see what it's all about with the free stock that you own
and then as you get comfortable then you can decide if you want to transfer money in or not
with stash they offer a lot of different type of free offers when you first sign up
sometimes it can be five dollars when you sign up sometimes it can be as much as twenty dollars
when you sign up and sometimes they do offer free stocks so both links to robinhood and stash are
down below in the description when you click on those those do have the promotions applied
the latest and greatest promotions so check both of them out and see what they're offering
and make the best decision for yourself how about we cut through the bs talk about the title of this
video you might be surprised in the next couple comparisons I'm going to do between these two
this i think is what's going to make or break your decision so here we go the first thing is going to
be a little bit of a bust on robinhood come on robinhood you guys if you're watching this video
you've got to get your act together and figure out how to make this happen but it is contact
information with stash if you need to get a hold of somebody if you have an issue something's going
on you can contact them via email you can contact them in the app you can contact them on the phone
pick up your phone call stash and say yo i got a problem robin hood you can contact them on email
or the app no phone number so if that's something that's serious to you and you're like you know i
really need to have a phone number i need to be able to pick up the phone and call somebody if i
need something or have a question with robinhood your sol and in fact you would have to wait until
they reply to your email now if you don't really care about that if you're like yeah i'm not like
in that mad rush i can send an email contact them via the app and just let it sit then that's cool
but if you're somebody that you you know you kind of feel that anxiety coming on you need to pick up
that phone you might want to lean a little bit more towards stash but now for this next one
i'm going to bust on stash cost with robinhood it's free you sign up for the app you can put as
much money or as little money as possible into the stock market or into cryptocurrency or whatever
you want to use robinhood for and they don't charge you a monthly fee or anything like that
stash charges a monthly fee and it's something to be serious about it's not a whole lot of
money it's one dollar per month some of you might be like but i don't want to pay one
dollar per month well that's the case you might want to lean a little bit more toward robin hood
especially when it comes down to fractional share trading great way to enter the investment and
stock market but one dollar a month for some people if you break down the cost of how this
works it's kind of an annoyance the last thing is yes another bust on stash but it is what it is
and that's the trading windows stash has specific trading windows and a lot of people
get confused and a little bit frustrated with this when it comes down to trading on stash
for example you want to sell one of your etfs you want to sell one of your stocks whatever it may be
and you hit sell everything's fine and you know that you sold it for like 50 okay
and you're like okay i should get 50 into my account all of a sudden you get 47. well wait
a minute what happened to your money did they rob you did stash lose money what the heck happened
well what happens is because of the specific trading windows during the market being open
that price could fluctuate they have it once in the morning and once in the afternoon and
that is the trading window so if you hop on first thing in the morning before that trading window
and you decide to sell you just got to keep in mind if that price is fluctuating a lot
in that stock for that particular day you could end up taking a little bit of a dive on the
converse you might get a little bit of a rise depending on what that stock price is but just
something to keep in mind with robinhood they typically execute as long as the market's open
immediately so when you sell 50 you usually get your 50 and all is good just something to keep
in mind now which one would i recommend to you i i don't know about you but i would say that a lot of
people would be surprised at the fact that you got to pay a one dollar monthly service fee for stash
and that robin hood doesn't want to hear from you so don't call them but at the end of the day
it's a toss-up i use both of them okay i use both of them because it's just it's something
i like to do and they're both easy to use so you know if you're really torn try them both out for
a month or two see which one works best and ditch the other one if you want or like me just continue
to use both of them and maybe have two different investment strategies in each one of these apps
but if you had to choose one just one i would probably lean toward robin hood at the moment
yes i i don't really care too much about the phone call thing but i like the idea of
being able to scale up i like the idea of being able to dabble in cryptocurrency if i want to
or maybe do some stock options and i like the amount of detail that's provided in the robinhood
app and the fact that i can execute a share immediately was there something i missed in this
video do you have any other questions about stash versus robinhood if so comment down below I'm
active on the channel and I'll be sure to get back to you right away otherwise as always continue
to live your sweet life because you're worth it have an awesome day and we'll see you next time
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