Did you set goals at the beginning of the year? Was one of them to start investing? This is one goal you should set your mind and effort on.
Investing one’s money is important, yet almost half of Americans aren’t doing so. After a horrible 2020, many Americans found that having money saved is essential.
If you’re serious about building your wealth, you need to know about the apps that allow users to invest their money. Read this guide to learn about the best investment apps for beginners.
Invstr
If you have little to no knowledge about investing, this investing app is for you. Invstr is an app that combines a mix of learning and real-life investing to help new investors learn how to devote their money to stocks.
Think about this app as a fantasy stock game. After playing the game, you may be able to get real cash as Invstr gives winners real cash at the end of the month.
You can turn some of the fantasy picks into real-life stakes. Do this by buying fractional shares or whole shares. Plus, there aren’t any commission fees.
Invstr is one of the best investment apps that teach beginners how to start investing. Along with other resources and tools, you can start putting your money to work.
Acorns
Acorns are one of the best investment apps of 2021. It’s great for people who are looking to save their money. Users tout it for its accessibility.
This app works by rounding up the total of purchases you make to the next dollar. It invests the difference into one of several ETF Portfolios. Your spare change doesn’t go to waste with this app.
This app offers three levels of membership, with the most affordable one starting at $1. You can start with this membership and then move on to the next one when you feel more comfortable using this app.
Robinhood
Want to start investing in the stock market but don’t know how to? Robinhood is one of the best go-to investment apps for beginners.
This app has a smooth interface that makes it easy for beginners to execute trades. It works on the no-commission brokerage model. There are zero commissions and no minimum balance requirement.
With Robinhood, you can trade stocks, ETFs, and options. It also allows users to trade or invest in cryptocurrency. Robinhood offers great resources to help users learn about the stocks they plan to trade.
Public
Public is another one of the best investment apps for people who want to dive into the stock market. Public has a community forum where traders can share information about stocks. The goal is to help all users make smart trading decisions.
Public allows users to buy fractional shares. Starting at $5, you can buy a part of a company without having to spend hundreds to own a full share of the company.
You can invest in real-time. This app is free to use. Plus, there are zero commission fees.
SoFi
SoFi continues to be a top pick among critics as it has an easy-to-use platform. While this app does charge $1 to get started, it more than makes up for it with no commission fees. It doesn’t have any recurring account fees.
With SoFi, investors get a self-directed brokerage service. It offers users the ability to make trades on stocks ETFs. If you want to start by making small investments, you can do so by trading fractional shares.
There are different benefits users get after they create an account. Users can use the app’s financial advisors at no charge. These individuals are certified financial planners who know their stuff.
Users also have access to investment education articles. These benefits allow you to create your own investment strategy.
Ally Invest
Next on our list is Ally Invest. This is one of the investment apps that offers a simple investment platform. It’s so straightforward that a beginning investor can learn how to use it in no time.
Users can trade stocks without having to worry about paying fees or commissions. On this app, investors can trade on stocks, ETFs, and penny stocks. Investors can also trade on options, bonds, and mutual funds.
Ally Invest does offer investors research and tools they can use to make smart investments. This is one of the best investment apps for beginners and passive investors.
TD Ameritrade
TD Ameritrade is one of the most recognizable financial services companies. It’s a broker that operates an e-trading platform that’s perfect for new investors. It’s especially great for those who want to become active traders.
TD Ameritrade doesn’t charge commissions for stock or ETF trades. As a new trader, you should try the main TD Ameritrade app. As you gain more knowledge and experience, you can move up to the other trading platforms it offers.
Stockpile
Stockpile is unlike the rest of the apps in this guide. It doesn’t offer commission-free trading. Despite the lack of zero commission, Stockpile does have some great features.
With Stockpile, investors can buy fractional shares. The benefit that you may like if you’re a parent or grandparent is that it gives users the option to gift stock through gift cards.
Yes, you can help a child learn how to invest in the stock market. With this app, children can learn how to track their investments. They can also gain access to educational tools.
These Are the Best Investment Apps for Beginners
So you want to learn how to invest? New investors can benefit a lot by using these apps. The apps in this guide are the best investment apps for beginners.
If you’re looking to learn more about investing, make sure to contact us. We can answer your questions about investing.
