has anyone DL'd the app and began investing through Stash Invest?

http://www.stashinvest.com

basically, you can invest as little as $5 at a time. app is pretty slick and has tons of features. fees are $1/mo. until you get to a certain amount in your portfolio. can withdraw at any time for free.

(I should point out that I haven't gotten much past the 'just dl'd the app' stage, so I may be wrong on specifics)

I got the app a day or two ago and linked my online capital one savings account but them needing my SS# (for tax purposes) made me pause. App Store reviews seem like mostly astroturfers, and I figured I should probably do my due diligence before I jumped in being that they're basically a brand new company.

they did get $1.5m in seed money in August, that enough to make you trust them with all of your info?

https://www.crunchbase.com/organization/stash-5#/entity

http://money.cnn.com/2015/10/14/inve...g-stash-acorn/

anyway yeah, anybody heard of this or using it? there's no way that if it catches on that I won't be putting money in on probably a weekly basis just to gamble it up a little. think I read there's only 30 or so different things you can pick, so hopefully that increases.

if it's as easy as it sounds (deposit, invest, withdraw whenever for $1/mo.), it could be pretty big I think...

Hard to imagine it amounting to much as a business. Costs of compliance + customer service are going to make a mess of things I think. $1/month just isn't enough. There's a reason why many funds require a certain size to invest; the various costs of keeping clients mean that <$50K is just not worth their time.

This was something to start in 2009 with a growing market. The first major downturn and money will be pulled out pretty quickly by small investors.

I for one give absolutely no ****s about whether or not it's a good business idea, I'm not investing in them, I may invest through them.

and every account over $5,000 they charge 1% for, but I agree in that their entire plan is to attract people trying to buy a tenth of a share of Berkshire Hathaway once a month. lol

I'll probably play with it a little this weekend, sure doesn't seem like a whole ton of options to choose from, I can def see myself putting $50 here and there in there occasionally if only bc I can take it out whenever I want. maybe I'll put more in and just park it in the one 1.1% interest account and get a free chicken nugget or two...

loyal3.com does something similar, but for free.

Not sure what this offers that Vanguard, who has already conquered this concept, doesn't. I buy fractional shares of Vanguard funds a few times/week with no transaction fees, with most expense ratios being <0.25%.

Is there a similar thing that offers this to international clients (Latvia)?

Great marketing, can't imagine this being a good way to invest though.

where's THAT at?

Vanguard requires a minimum initial investment. For some funds it is $1,000, for a lot of the others I believe it is $3000. Once you have that amount invested additional purchases can be pretty small. I think $25 may be the smallest amount.

There are funds available with very small minimums. A quick search shows that the Schwab target date funds only have a $100 minimum initial investment. I suspect subsequent investments can be smaller, but I didn't see it on a quick search. Mutual funds are usually happy to take additional small investments, especially if you set it up on an automatic deposit program.

The Schwab fund I mentioned has an expense ratio of .76%. That is pretty small by historical standards but if you have a larger initial investment you can do better at Fidelity or Vanguard.

+1, Vanguard in particular has done right by me. One advantage to Fidelity is they have brick and mortar stores in many major cities & suburbs. I've used both and found the Fidelity staff a little less competent.