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Message
Not sure if this is where I go but still
Posted on 5/22/19 at 9:00 pm
Posted on 5/22/19 at 9:00 pm
So I invest, usually 500 a month out of my check ...here is the issue right now I have 72k invested in the app Stash and 18k invested in through Edward Jones.
Really where I work our investments go through Edward Jones so I started using Stash as a secondary investment. Now Stash has surpassed Edward Jones as I've devoted more money towards it over the last couple of years. I also put money from my savings I to Stash because I was doing well. Should I remove the Stash Money (currently being charged 1% a month) or stay the course?
Really where I work our investments go through Edward Jones so I started using Stash as a secondary investment. Now Stash has surpassed Edward Jones as I've devoted more money towards it over the last couple of years. I also put money from my savings I to Stash because I was doing well. Should I remove the Stash Money (currently being charged 1% a month) or stay the course?
This post was edited on 5/22/19 at 9:01 pm
Posted on 5/22/19 at 9:11 pm to white perch
I've thought about going to Vanguard and managing everything myself.
Posted on 5/22/19 at 9:30 pm to HailToTheChiz
I've liked the simplicity of stash and my dividends go into my card account
Posted on 5/22/19 at 9:52 pm to tduecen
you obviously do not come here often
RUN AWAY FROM EDWARD JONES HOLY shite MAN!
RUN AWAY FROM EDWARD JONES HOLY shite MAN!
Posted on 5/22/19 at 9:57 pm to Fat Bastard
Comes through work, so it is easy to use since it is pretax
Posted on 5/22/19 at 10:44 pm to tduecen
What does Stash provide for you to take 1% a month?
That’s outrageous. Go to vanguard and pick some total market funds.
Edward Jones is a known waste, but if that’s the only vehicle your employer provides for tax deferrals then it’s probably better than not taking advantage at all.
That’s outrageous. Go to vanguard and pick some total market funds.
Edward Jones is a known waste, but if that’s the only vehicle your employer provides for tax deferrals then it’s probably better than not taking advantage at all.
Posted on 5/23/19 at 1:17 am to TigerDeBaiter
Unless Im mistaken stash isnt managing anything, they just provide a really easy to use platform for beginning investors and rename ETFs in their app. You can own exactly what you have in stash, elsewhere. Ive used it, I liked it, it was easy. And you can buy partial shares which is cool for a weekly auto deposit of 100/200 dollars and you can throw it in amazon or apple or "invest in buffet." I dont know if I'd keep 79k in there though. Vanguard is probably the right answer
Posted on 5/23/19 at 9:22 am to tduecen
Vanguard, stat. 1% a month is ridiculous.
Posted on 5/23/19 at 10:19 am to hungryone
Stash website and several reviews say fee is "only" .25% annually or $1 per month for balances below $5k. 1% per month sounded too outrageous to be true. It worked to get the OP started so that's a huge win now it's time to move to a lower cost broker, Vanguard or Fidelity. Start funding Roth IRA with future contributions Consider using some of existing balance if needed to fully fund Roth but you'll owe capital gains.
Posted on 5/23/19 at 11:41 am to tduecen
quote:
I've thought about going to Vanguard and managing everything myself.
also look at robo diversified management like Schwab intelligent portfolios. No fees for the service.
Posted on 5/23/19 at 11:58 am to tduecen
quote:
Should I remove the Stash Money (currently being charged 1% a month) or stay the course?
I'm going to assume you mean 1% a year, charged monthly, and not 1% a month.
Your EJ account, is it a retirement account through your employer like a 401K?
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