If you want to try your hand at investing in virtual coins, Robinhood Crypto could be the solution. It also offers cryptocurrency investing, which Stash doesn't. But, like Stash, it also offers stocks, ETFs, and fractional share investing. Robinhood, on the other hand, doesn't provide as much investing help as Stash does. With many robo-advisors, you must give up the option to control your own portfolio entirely, but Stash doesn't require that. It's unique in that it offers some automated investing opportunities and pre-built portfolios while also allowing you to select individual investments. If you're looking for the best robo-advisors, Stash may also be worth considering given its investment options. You have the option to buy fractional shares on Stash with as little as $0.01, and can gain exposure to different asset classes, such as bonds, through Stash's extensive ETF offerings. Stash allows you to invest in thousands of different stocks and ETFs, and you also have the option to select personalized portfolios or set up automated investing so the app will buy assets for you. The good news is, neither Robinhood nor Stash charge commission fees for buying stocks so you won't pay for your trades with either platform. This new feature may help cement Robinhood's place as one of the best online brokers for beginners, and may make it more attractive to those who need more handholding when it comes to building their portfolio. However, the Robinhood app has recently introduced personalized portfolio recommendations for new investors. Robinhood has traditionally required investors to be more hands-on than Stash, both with moving money into their investment accounts and with selecting their investment mix.
Some of Stash's key features that justify its monthly fee include access to personalized portfolio recommendations, life insurance, and a debit card that allows you to earn Stock-Back rewards with purchases. However, Stash offers services Robinhood doesn't, which may make this fee worth paying for some investors.
Stash charges between $1 and $9 per month to maintain an account, while Robinhood doesn't charge any monthly fees. Robinhood and Stash work very differently in terms of pricing.
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