Investment apps are emerging as the best options for new and experienced investors. Thanks to a variety of investment and stock trading apps that the investors can now save money and improve their portfolios from the comfort of their homes. These apps offer different features to meet your investing goals and budget. Keeping in view all aspects for productive investments, including amounts to invest, tolerance for risk and different goals, the investors should evaluate and then choose the best investment app that will help them the most.
Below we list some safe apps for all passionate investors as a quick reference.
The app offers free stock trades having zero commission rate. They run at a lower cost operation and pass on the savings to investors. Robinhood allows users to invest in stocks, ETFs, options and even cryptocurrencies with no fee and no commissions. Though, it also limits customer trading options as it does not allow trading for bonds or mutual funds.
Stash is the best choice for a starting point. This app can help you learn how to make the best investment decisions yourself. It allows mobile users to build a diverse portfolio by offering a low-cost method. Investors can invest their money to the exchange-traded funds and stocks which have already been suggested by the company’s investment analysts.
This app is particularly designed for those who want to use passive investment to build wealth. WealthFront includes some built-in intelligence to help maximize your investments. It is built with capital appreciation in mind, especially for college savings. WealthFront charges 0.25 percent per year and requires a $500 minimum investment. Although, that seems higher relative to other investing apps. However, it is still a low figure when it comes to investing.
If you want to save money but don’t want to think much about investments, Acorns is an app of choice. It is a robot-advisor that saves your spare change for you. Acorns progressively saves and builds your portfolio without even realizing that you are doing it. The app charges $1 per month for Acorns Core and $2 for Acorns Later, with a balance up to $5,000 in your account. College students with a .edu email address can use Acorns for free for up to four years from the date of registration.
If you are interested to make some quick investments, then these investment apps are certainly for you. However, make sure to keep an eye on your security as well while you are investing money. You may choose to set up VPN Android or iPhone on your device to keep yourself veiled from the bad actors as you make investments.