Stash is a popular investment app that allows users to invest small amounts of money in a variety of stocks and ETFs. One feature of Stash is auto invest, which automatically invests a set amount of money at regular intervals. However, some users may want to turn off auto invest for various reasons, such as wanting more control over their investments or needing to pause contributions temporarily. In this article, we will discuss how to turn off auto invest on Stash and provide answers to 12 related FAQs about this process.
To turn off auto invest on Stash, follow these steps:
1. Open the Stash app on your mobile device.
2. Go to the “Invest” tab at the bottom of the screen.
3. Select the “Auto-Stash” option.
4. Click on the “Manage” button.
5. Toggle the “Automatic investing” switch to the off position.
Once you have completed these steps, auto invest will be turned off, and you will no longer have funds automatically invested on a regular basis.
FAQs about turning off auto invest on Stash:
1. Can I turn off auto invest on Stash at any time?
Yes, you can turn off auto invest on Stash at any time by following the steps outlined above.
2. Will turning off auto invest affect my existing investments on Stash?
Turning off auto invest will not affect your existing investments on Stash. It will only stop future automatic investments from being made.
3. Can I resume auto invest on Stash after turning it off?
Yes, you can resume auto invest on Stash at any time by following the same steps to toggle the “Automatic investing” switch back on.
4. How do I change the frequency or amount of auto invest on Stash?
To change the frequency or amount of auto invest on Stash, go to the “Auto-Stash” section and click on the “Manage” button. From there, you can adjust the settings to suit your preferences.
5. Can I set up multiple auto invest schedules on Stash?
Yes, you can set up multiple auto invest schedules on Stash by creating separate investment goals and setting up auto invest for each one individually.
6. Will I still be able to manually invest on Stash if I turn off auto invest?
Yes, you will still be able to manually invest on Stash even if you have turned off auto invest. Simply go to the “Invest” tab and make a manual investment as usual.
7. Is there a fee for turning off auto invest on Stash?
There is no fee for turning off auto invest on Stash. You can adjust your investment settings freely without incurring any charges.
8. Can I cancel a pending auto invest transaction on Stash?
If you have a pending auto invest transaction on Stash that you no longer want to go through, you can cancel it by contacting Stash customer support for assistance.
9. Will turning off auto invest affect my recurring investments on Stash?
Turning off auto invest will not affect any recurring investments you have set up on Stash. Those investments will continue as scheduled unless you choose to modify or cancel them.
10. Are there any penalties for turning off auto invest on Stash?
There are no penalties for turning off auto invest on Stash. You have the freedom to manage your investments and adjust your settings as needed.
11. Can I still receive dividends if I turn off auto invest on Stash?
Yes, you will still receive dividends from your investments on Stash even if you have turned off auto invest. Dividends are automatically deposited into your account.
12. How can I monitor my investments after turning off auto invest on Stash?
You can monitor your investments on Stash by going to the “Invest” tab and checking your portfolio performance, transaction history, and any updates on your holdings.