How is investing different than a savings account?
Saving is putting money away in a safe location, commonly a savings account, for use at a later time. Savings accounts are great ways to put your money away in a safe place for future needs. However, savings accounts have their limits. Most savings accounts pay very low interest rates, which means that the money you put in a savings account isn’t growing much. It might grow a little, but savings accounts are a way to keep your money safe, not a way to make your money grow.
Investing is participating in the market to buy and sell securities (for example: stocks, bonds, ETFs) in order to potentially make returns and earn dividends. There is more risk with investing than with saving, but the potential for rewards is also higher. Investing is more complex than saving (regulations, tax implications, etc), which is why Stash is simplifying the process.
Q. How do I buy?
In the app, click on the ‘Invest’ tab. From here you can select the invest you’d like to buy. Click on the investment. Once you’ve selected the ‘card’ for the investment you can read a bit more about it, check out its past performance, and decide if you’d like to buy. To buy, simply click…
Q. What is Smart-Save?
Smart-Save analyzes how and when you spend your money and transfers money from your checking account to your Stash Cash when you have cash to spare. Once the money settles in your Stash Cash, you can invest it, withdraw it, or save it for a rainy day. We’ll never initiate a transfer when your balance…
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