With the development of technologies, our lives became easier. There are a lot of ways to earn money (due to the variety of professions) as well as the ways how to invest it. Currently, through the mobile device, you may perform various operations, including invest. Thanks to the rapid growth of investing processes and investing apps you may invest your money sitting on the cozy sofa at home. No matter what kind of investor you are—beginner or advanced, indexer or stock trader —you are able to find the best investing app that will be fully up to your requirements.
Investment for Everyone
People like to hear myths and stories concerning money. What do people do if their neighbor reassures that it is too late to invest? Funny thing, but humanity likes to believe in myths. In fact, there is not a perfect age to start investing money. If you have a chance to invest, use it now.
Current Investing Apps
Historically you knew that if you are aimed to invest your money, the first you do is to find a broker or a financial advisor. They provide you with plenty of valuable advice concerning how and where invest money. But even low-cost investment companies come with barriers to start investing.
Now, with the help of best-investing apps, you are able to start investing with a small amount of money. It is quite valuable. Taking into consideration the critical factor in building wealth, not everyone has the opportunity to start investing at the young age. That is why such investing apps are important to push the investing process forward. The sooner you start, the sooner you’ll build your net wealth.
Manage Your Financial Responsibilities
Everyone or most everyone knows his own vital goals. It can be a new car or motorcycle, buying a long-waiting house for a big family, saving money for retirement nest, strong desire to spend holidays abroad and many others factors that are so important for everyone. That is why there are apps for investing money in. They help to manage financial responsibilities without any inconveniences.
If you even have extra 5 dollars a week you may save them for investing. The best investing apps and your phone or even tablet you are able to get expert advice, review your options and even test out the market. Now, apps help guide you.
Top 8 Investment Apps
Robinhood Account Minimum
- No commission for a stock trade
- No account minimum required
- Allows Investors to Diversify Without Purchasing a Mutual Fund or ETF
- No Dividend Reinvestment Plan (DRIP)
- No retirement accounts
- Limited trade options
Robinhood app offers 100 % free stocks trades. If you decide to open an account on the Robinhood app, be sure you will not pay a commission for a stock trade. A million people use this app to buy and sell stocks for free. It saves a lot of money in fees. Robinhood might be a great trading stock for beginners. It is for people who are interested in the active investing approach. This app lacks detailed research, analysis and financial information offered by other applications. But you may combine this app with the other one that provides financial information, and gain the necessary information. The app allows you to make limit orders and stop loss orders too. The app includes a clean user interface and basic research tools. A lot of successful investors pair Robinhood investing app with one or more free research tools. It allows making a wiser and more systematic approach to invest money in. Robinhood doesn’t include the function of DRIP and so, if you earn $2.00 in dividends, it will sit in cash until you have enough money to buy a full share. It has not retirement accounts. You have not the ability to trade options, mutual funds or foreign domiciled securities.
Betterment Account Minimum
Free up to 1 year;
After – 0,15-0,35 % a year
- Low management fees
- Easy, passive, hands-off investing
- Automatic free tax-loss harvesting
- Tax-coordinated dividends
- Retire guide calculator
- Fixed investment portfolio
- No REITs or commodities
- Required higher fees to access expert help and management
- Can’t allocate assets using external accounts
Betterment is one of the most well-known robo-advisors on the market. This money investing app will manage your money for free up to 1 year. After that this app charges 0.15% to 0.35% a year (depends on how much you invest). Betterment uses complex computer programs to find the optimal and the cheapest set of tools for you. It affects taxes. All you need to start using this app is only 1 dollar. You answer a few basic questions and then Betterment does all the work by itself. It uses algorithms and provides the ways where you may invest money. It invests your money and controls it all the time. It makes forecasts concerning wealth accumulation and withdrawal. It has a retire guide calculator that gives you individual advice on planning retirement. It concerns all the factors that are important for you (where to invest money, how much to save a year, retirement income, when to retire). It has no REITs. Betterment states this asset class does not increase profitability. As mostly all robo-advisors, Betterment investing app is that they are able to manage accounts for Betterment. It can’t create a general asset allocation plan based on your 401 (k) plan.
Wealthfront Account Minimum
Free under 10k;
0,25% after that
- Free for Accounts Under $10,000
- Tax-Loss Harvesting for All Accounts
- Direct Indexing
- Easy to manage the portfolio
- 529 Plan
- Free Portfolio Review
- No ability to buy fractional shares
- Portfolio Review is Not Comprehensive
Wealthfront is a robo-advisor and a financial planner that offers standard and as more specialized investment services. It makes investing cheaper and profitable for you. It chooses the best 20 portfolios that are the most suitable for your risk tolerance and personal investing goals. To start you need $500 and in return. Wealthfront manages your money for FREE up to $10,000 (fee is only 0.25% a year). All you need is to answer a short questionnaire and the app will automatically start to invest your money. All accounts come with tax loss harvesting. In addition to Wealthfront’s use of automated tax-loss harvesting, it provides additional tax benefits. Wealthfront is the only robo-advisor that offers Direct Indexing (for those who invest more than $100,000). It includes 529 College Savings Plan, which is free for the first $10K. This Wealthfront 529 plan is domiciled in Nevada. That is why so Nevada residents gain an additional $ 15k for free, a total of $ 25k. One of the app’s disadvantages is the absence of ability to buy fractional shares of investments.
What Is Openfolio?
Quick Facts About Openfolio
Openfolio Account Minimum
- Great to see verified investing
- Strong IOs and mobile presence
- Suggests tracking, useful updates, and tips
- Doesn’t conduct research beyond the others
Each investing depends on n your financial position. So, Openfolio serves as an investment and financial management resource at your finances. It collects all of your financial accounts in one place. Openfolio can compare your portfolio performance with the other investors’ portfolios. You may even their profit and asset allocation even if you will not know how much they have invested. It allows you to update or change your portfolio if you see that if the investments or the ideas you’ve chosen are ineffective. The app is free. The app suggests tracking, useful updates, and tips, as well as a full view of your financial point.
Acorns Account Minimum
1 dollar a month
- Free management for college students
- Low commission for accounts under $5000
- Automatically invests spare change
- No minimum deposit
- Educational content available
- Limited account options
- Small investment portfolio
- Commissions on account over 5000 dollars
The Acorns is a robo-advisor that offers micro-investing. It has monthly $1 fees. When you reach $5k you will pay 0, 25 %. For 4 years Acorns is free for college students with a valid education e-mail address. It recommends one pre-set investment portfolio which includes a few questions to choose what type of investor you are. It is a version of a piggy bank. It means that if you link Acorns investing app to the debit card it will round up your purchases to the nearest dollar amount and add that extra change to the investment account E.g.: if you buy a tea for $3, 60, it will round it up to $4. This $0, 40 it would put in your investment account. It is one of the best investing apps for beginners. Acorns offer only taxable accounts and do not have any options for Roth IRA or other tax-deferred accounts.
What Is TD Ameritrade?
Quick Facts About TD Ameritrade
TD Ameritrade Account Minimum
TD Ameritrade Cost
- Great investment selection
- Easy access to the site
- High-quality trading platforms
- No deposit minimum
- A high per-trade fee ($6,95)
- Expensive broker assisted equity trades and no-load mutual fund trades
It is one of the best and the oldest names in online brokerages. It includes numerous advanced tools which make the research opportunities endless. TD Ameritrade’s commission for mutual funds includes $49.99. In order to buy stocks, you need to pay $6.95 per online trade. You are able to invest in over 100 ETFs from industry giants without any commission. Moreover, you may have access to the numerous mutual funds without paying fees or commission. It has no account minimum. That is why it is accessible to everyone. It offers beginners access to numerous investable assets. It is a great choice for those who want to create a diversified portfolio. TD Ameritrade includes 2 different trading platforms: Thinkorswim and Trade Architect.
E-Trade Account Minimum
- Easy-to-use tools
- Large investment selection
- Reduced commissions for frequent traders.
- Higher commissions for low-volume traders.
- Minimum balance requirement for the active trading platform.
It is a well-known online brokerage. It is one of the best-known online brokers. It is an easy-to-use platform for online trading even for the beginners. To open an account on E*TRADE you need at least of $500. All traders have access to the basic research center, which features real-time quotes, interactive charts, and even tax advice. The most active traders are upgraded to the E*TRADE Pro platform, which opens the door to the additional tools, such as customizable watch lists and the CNBC stream ability. It has a great built-in investor education center. It may be a great choice for those investors who want to open stable, long-term investment accounts. Its fees include $6.95 per trade. But if a trader makes at least 30 trades per quarter, he’ll get a discount of $4.95 per trade.
Stash Account Minimum
$1 per month or 0.25% per year for account greater than $5000
- Simplified investment procedure
- Builds your investment portfolio
- $5 to start
- Invests your money in the most suitable way for you
- Automatic investments
- Free Stash for the first month
- Income is taxable
- Works costly for smaller accounts
This investment app is a robo-advisor that may perform all your financial operations. Stash app is available only in the USA. It is an easy-to-manage investing app, which requires only 5 dollars to start. It gives you necessary recommendations and guidance, which are based on your answers to a set of questions, personal preferences, and needs. It makes easy management of this app. This app may be the most suitable for the beginners and those who are happy to give minimal input. Simple investing philosophy may be easy even for the inexperienced investor. The $5 opening account allows you to take a fractional share of an asset such as ETFs. You do not charge for the first month. Accounts with the balance from 1-5000 dollars are charged $1 per month for the second month. For accounts over $5,000, a fee of 0.25 percent is charged per year. So Stash may be suitable for you if you are new to the world of investing or the funds at your disposal is less.
Best Investing Apps for iPhone
Investing in the stock market for the first time may be difficult and confusing. But there are a lot of apps for investing that help you to move from an inexperienced investor to someone who knows what to do and where to invest money. There are various apps that may be suitable for various kinds of investors.
Robinhood is a free stock trading app, allowing to buy and to sell stocks with no commission fees. It has a very smooth usage process. This app allows you to track your portfolio access market data and quotes in real time. Robinhood is an investing app that may directly deposit your money into your bank account.
Stocks Live for iPhone can track investments and transactions with real-time quotes with auto-refresh every 20 seconds. Users will be able to synchronize their data with the main brokers. It can search for ETFs, mutual funds, stocks, indexes, and currencies. The application allows you to view charts and the latest news in order to make better financial decisions.
With Acorns app investing money becomes easier. Making an everyday purchase, Acorns will round up your purchase cost to the nearest dollar and invest the spare change. You bought a cup of coffee for $5.50. Acorns will round it up to $6. These 50 cents it will use to create an investment portfolio that is automatically run by financial advisers.
SigFig Wealth Management
SigFig Wealth Management is one of the most well-known full-featured investing applications for iPhones. Its goal is to manage your portfolio, offering free analysis. It helps to create a good investment strategy. It requires 0.25% of your total assets per year.
CNBC Business News and Finance
With the help of this investing app, you may get real-time information about the global market. CNBC is a large portal that covers all the financial news. You may know all the valuable news about what is the most important for you.
Best Investing Apps for Android
You may do various financial operations via your mobile phone: pay bills, manage your credit card and investment accounts and a lot of other features. If your mobile operating system is Android, these investing apps may be very useful for you:
Fred Economic Data
Fred Economic Data is a free app. It is one of the most widely-used apps. It contains 40,000 sets of data from 37 regional, national and international sources. There are numerous of browsing options here.
Investing.com is a great app that allows you to gain information quickly and easy. This app includes real-time information, concerning of 40 000 financial instruments traded on over 70 stock markets. You are able to know the latest news of economy, stock markets and more. In addition to this, it has real-time charts.
It is one of the most reliable investment apps. It is an investing app, allowing you to track your stocks easily. It ensures great, well-organized stock market information that may help you to take the best investment decision. JStock supports 36 world stock markets. It also includes history stock information, portfolio management, investment flowchart and more. You are able to know all the latest news.
It allows you to invest money, using little bits. The work of this app is simple. It makes you money. Acorns rounds up your everyday purchase to the nearest dollar, then it takes these transactions and invests them in different market and business ideas. It’s an easy way to invest money via this app even for beginners.
It is one of the newest investment apps. It allows you to follow the stock market and financial markets. It consists of numerous features. Some of them are real-time quotes of stocks, ETFs, funds, currencies, futures, and markets. You can alert it if a certain stock hits the target price. It has Material Design interface which simplifies the site. Moreover, it includes daily and historical charts, multiple portfolios (up to 6), technical analysis charts with indicators and more.
SigFig includes Acorns and MyStock features. You may use SigFig app to review stock prices and track your investments. Or there is another way, allowing you to invest in SigFig and let it manage your portfolio. In order to find the portfolio, which will suit your needs, Sigfig requires some information, such as your age, investing goals (long-term, intermediate-term or short-term) in order to build your personalized portfolio. It charges a 0, 25%per year fee without trading fees. If you open your account with a little of 2000 dollars, you’ll gain some benefits: free portfolio monitoring, customer service support, minimized brokerage commissions, low-fee portfolio management.
Thanks to the various investing apps you may choose one or more that will be great for you, as well as for your personal goals and needs.[/wpsm_titlebox]