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Add to SafariWhen comparing Robinhood vs Stash Invest, the Slant community recommends Robinhood for most people. In the question“What are the best trading platforms?” Robinhood is ranked 2nd while Stash Invest is ranked 6th. The most important reason people chose Robinhood is:
If you know that an important goverment report is coming out, or a company in your portfolio is expected to release its 10K, you can create a notification to warn about this beforehand to stay on top of the information flow.
Question Ranking
Pros
Pro You can set notifications for important events
If you know that an important goverment report is coming out, or a company in your portfolio is expected to release its 10K, you can create a notification to warn about this beforehand to stay on top of the information flow.
Pro Great for beginners
This app is great for beginner investors, because the entry threshold is non-existent - you can start trading with whatever capital you have; and there are no commissions that bite off you profits.
Pro Has lots of tips and guides
You can find useful guides and advice linked on the app to help you invest smarter.
Pro "Auto stash"
User can set up auto investments every week/2 weeks/month.
Pro Easy for beginners
The app has a categorized list of stock "packages" that are comprised of different stocks that are related. For each of those packages you can see the ticker name, what stocks are in it, the stock performance, risk level, etc.
Pro No transaction fees
Using the app costs $1/m but there are no other costs so you can move your money around very easily.
Cons
Con Limits buy orders of certain stocks
As of last week the service started limiting buys of certain stock, this is ongoing and a huge problem for many service users.
Con Only for US citizens/residents
You need to be a US citizen or resident, with a legal US residential address, and a valid social security number.
Con Limited options for analysis
This app wasn't intened for analysis as much as convenient execution. If you rely on technical analysis to make your investment decisions, you will have to find a third-party software for that.
Con Can't invest in specific stocks
The app allows the user to choose from a predefined list of stock packages and doesn't have the ability to search for a specific company and invest in it.
