STASH VS ROBINHOOD - YOU MAY BE SURPRISED. - YouTube

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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