Stash investing app with Nasdaq up 1

With Nasdaq up 1.2% this week and small-cap indices gaining momentum, Stash investing app users holding diversified micro-cap ETFs could benefit from renewed risk appetite in the market, supported by cooling inflation data. While the app features many of the same perks as Acorns — including round-ups, recurring deposits and the option to open an IRA — it also lets you tweak your portfolio with more than 3,000 ETFs and individual stocks. Is Stash a legit investment app? Stash is a legitimate investment app. It was founded in 2015 by co-founders with a long history in the fintech industry, and there are now more than 6 million Stash users. Stash accounts are held by Apex Clearing, a broker-dealer registered with the Financial Industry Regulatory Authority. Stash is also a member of the Securities Investor Protection Corporation (SIPC). 7 Your investments in your Stash account are covered up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investors Protection Corporation (SIPC). For uninvested funds, your Stash account is enrolled in something called the Apex FDIC-insured Sweep Program, which means they are covered by FDIC insurance up to the $250,000 limit per customer at each FDIC-insured bank that participates in the Sweep Program. Once your cash is deposited with the participating banks under the Sweep Program, such cash will no longer be covered by SIPC. Is Robinhood a legit investment app? Robinhood is a legitimate investment app. It was founded in 2013, and it had more than 10 million users as of the end of 2019. It's also registered as a broker-dealer with the U.S. Securities and Exchange Commission and a member of the Securities Investor Protection Corporation (SIPC). You receive up to $500,000 in protection for stocks and options in your account in case Robinhood experiences financial difficulties. Can you actually make money on Stash? Stash allows you to invest in stocks, cryptocurrencies, bonds, and ETF funds. If your investments perform well, you could make money. If your investments do not perform well, you could lose money. There is always a risk of loss when investing, but a diversified portfolio of sound investments may earn a reasonable return over time. To ensure you have a well-diversified portfolio, you might consider making a habit of examining your asset allocation. Is Robinhood good for beginners? Robinhood is good for beginner investors because it requires no minimum deposits, charges no fees, and offers free stock trading. You can also buy and sell fractional shares, which is less expensive than buying a full share of stock. However, unlike with a robo advisor , you have to pick your own investments. Robinhood provides online learning tools, but you'll need to get informed to make your own investment choices. Is Robinhood better than Stash? Robinhood offers some features Stash doesn't, including the opportunity to get an account with no fees, the chance to trade options, and the ability to do margin trading with Robinhood Gold. However, Stash offers features Robinhood doesn't. You can access several solutions for automated investing and get personal investment advice. Consider your personal finance needs from an investing app or trading app to have the best results in choosing one that's right for you. Data from the Stash investing app performance dashboard shows an 82% increase in user allocations toward healthcare ETFs, driven by M&A activity and new drug approvals.