Unveiling the Secrets of Investing: A Riveting Comparison Between Public.com and Stash Apps

Investing
Public.com vs Stash: A Comparison of These Investing Apps

Navigating the world of online trading platforms can be overwhelming, especially if you’re new to investing. It’s crucial to remember that, while all these platforms are online, it doesn’t mean they’re all affordable and high quality.

Let’s take a closer look at two popular platforms: Public.com and Stash.

Public.com and Stash both offer free trading of stocks and ETFs (exchange-traded funds) and allow you to buy a portion of a stock or ETF, also known as “fractional shares”. But what sets them apart?

Public.com allows you to trade cryptocurrency and connects users through social features. Plus, it won’t charge any subscription or account management fees. In contrast, Stash charges a monthly subscription fee ($1 to $9), based on your plan, but offers financial services like banking in addition to trading.

Originally called Matador, Public.com has been active since 2018. It’s an app-based platform that allows you to share your investment interests with other users. This unique feature promotes a sense of community where users can learn from each other.

Stash, on the other hand, is a comprehensive personal finance platform. It’s been around since 2015 and offers investment possibilities as well as financial services like debit cards, cash back features, and more, aiming to centralize your personal finance needs.

In terms of the types of accounts they offer, Stash provides choices between personal investment accounts, retirement accounts, and custodial accounts for children. Unfortunately, Public.com only offers individual taxable brokerage accounts at the moment.

When it comes to fees, Public.com has no account minimums or charges to open or close an account. Stash, while having no trade commissions and no account minimums, requires a monthly membership fee ranging from $1 to $9, depending on the plan you choose.

As for user experience, both platforms are easy to use. However, Public.com wins the race with its unique community feature, where you can connect and learn from other investors. Stash focuses more on personal finance management, offering features that help you handle your finances more effectively.

Neither platform provides in-depth data and research options. Both of them focus on easier understanding for newer investors, with Stash providing a wealth of free educational resources.

Concerning security, both platforms are highly secured, regulated, and offer up to $500,000 insurance, which includes a $250,000 cash claim, thus ensuring protection for your investments.

In terms of customer support, though both platforms provide adequate support, Stash offers the added benefit of phone support, which Public.com doesn’t.

In conclusion, both Public.com and Stash appeal to different types of investors. Public.com leans toward investors who enjoy engaging with a community and sharing ideas. Meanwhile, Stash is for investors who want an all-in-one finance platform to manage their money and financial goals comprehensively.

Regardless, if you prioritize avoiding fees, Public.com is your best bet. If you’re looking for access to retirement accounts and other benefits, the Stash membership fees might be justifiable for you.