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Not sure if this is where I go but still

Posted on 5/22/19 at 9:00 pm
Posted by tduecen
Member since Nov 2006
161244 posts
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?
This post was edited on 5/22/19 at 9:01 pm
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7136 posts
Posted on 5/22/19 at 9:07 pm to
VANGUARD
Posted by tduecen
Member since Nov 2006
161244 posts
Posted on 5/22/19 at 9:11 pm to
I've thought about going to Vanguard and managing everything myself.
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48953 posts
Posted on 5/22/19 at 9:25 pm to
Do it. Vanguard is great
Posted by tduecen
Member since Nov 2006
161244 posts
Posted on 5/22/19 at 9:30 pm to
I've liked the simplicity of stash and my dividends go into my card account
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72671 posts
Posted on 5/22/19 at 9:52 pm to
you obviously do not come here often

RUN AWAY FROM EDWARD JONES HOLY shite MAN!
Posted by tduecen
Member since Nov 2006
161244 posts
Posted on 5/22/19 at 9:57 pm to
Comes through work, so it is easy to use since it is pretax
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 5/22/19 at 10:44 pm to
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.
Posted by rocksteady
Member since Sep 2013
1280 posts
Posted on 5/23/19 at 1:17 am to
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 by hungryone
river parishes
Member since Sep 2010
11987 posts
Posted on 5/23/19 at 9:22 am to
Vanguard, stat. 1% a month is ridiculous.
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2132 posts
Posted on 5/23/19 at 10:19 am to
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 by BHTiger
Charleston
Member since Dec 2017
5012 posts
Posted on 5/23/19 at 11:37 am to
Edward Jones is a RIP off
Posted by notsince98
KC, MO
Member since Oct 2012
17998 posts
Posted on 5/23/19 at 11:41 am to
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 by LSUFanHouston
NOLA
Member since Jul 2009
37106 posts
Posted on 5/23/19 at 11:58 am to
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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