The stock market is a buzz these days! Have you heard the latest financial news? Life has felt more surreal than ever with Reddit, GameStop, and Robinhood being the talk of the town.
With so much information it’s easy to feel FOMO (Fear of Missing Out). How can you stay up to date on the latest tech trends? It has become so easy to take your investments to the next level.
In this guide, we’ll discuss the best investment apps out there today. Read on to find out! You won’t want to miss it!
Acorns, a mobile-friendly brokerage and banking app, has taken the concept of a piggy bank to the next level. With a connected debit or credit card, Acorns rounds-up your purchases to the next dollar. The change saved is swept and kept in an investment portfolio.
The familiarity and ease-of-use easily make Acorns one of the best investment apps for beginners. For every cup of coffee, you’ll see how quickly your coins add up.
Noble Prize-winning economist Harry Markowitz created the five ETF portfolios. You have the option of how much risk you’d like to take. You don’t have as much flexibility with Acorns’ portfolios as you would with Bettements custom options.
Acorns offer three membership plans: Lite, Personal, and Family.
- Lite – pay $1/month for a taxable investment account
- Personal – pay $3/month for investing, retirement, and checking
- Family – pay $5/month for “Personal” plus Acorns Early, an investment account for kids
Are you an investor who prefers a hands-off approach? With Betterment, robo-advisors decide stocks, bonds, and funds for you. Gone are the days of needing a pricey financial advisor for such financial advice.
Betterment will take a look at your investment goals and find a low-cost ETF professional portfolio on your behalf. You have the option between a personalized or a socially responsible portfolio.
For these reasons, Betterment has quickly become one of the best investment apps to date.
As for the fees, Betterment charges a .25% management fee per year with no minimum balance required. For the Premium plan, Betterment will charge .40% per year with access to a financial advisor. For the pricier model, you will need a balance of $100,000+.
You must have heard of the popular brokerage Fidelity. With a focus on retirement, Fidelity offers many rich features in its mobile app. For example, to track investment goals, try linking your investment account to Fidelity Spire.
Fidelity even offers zero transaction or recurring feeds for its mutual funds.
One of the best ways to learn anything these days is by making a game of it. This is exactly what Investr does.
Here you’ll learn how to properly manage a $200 billion virtual portfolio. With $1 million in virtual money, you’ll have to use the social media aspect of the app to find your financial way.
Earn real money through the game. Use that cash to buy fractional shares and full stocks in Investr.
Choose from pre-selected portfolios, stocks, and ETFs with M1 Finance. M1 Finance will provide automated investments, but the user will be able to say where they want their money exactly.
As an alternative to robo-investing, users aren’t bound to ETFs you’ll find elsewhere. Beginners will love M1 Finance’s templates as well.
The app is completely free to use with a minimum of $100 deposit for an account. For a retirement account, there is a $500 requirement.
For the social media user, take a look at Public. Taken right out of the social apps you love, follow your favorite investors and learn from others. When searching apps to invest money, download Public!
You don’t need much to get started, just a few dollars will do. You have the option to invest in 100% of a stock or just a piece of one.
Have you heard the news of Robinhood in 2021? Aside from the controversy, Robinhood remains one of the best investment apps to date.
Use Robinhood to trade stocks, ETFs, options, and crypto. The app is smooth as butter and free to use. You will love the clean design and interface.
Search for stocks and pull up charts and figures at your fingertips. Stay up to date with the market with its news aggregator as well.
Start trading on Robinhood right away with its instant delivery of your first $1,000. Trading is a swipe away with Robinhood!
If you’re looking for one of the best investment apps for beginners, look no further than SoFi. As a beginner, we encourage you to try Stock Bits, SoFi’s version of fractional shares. Aside from that, you’ll love the educational aspect of investing here as well.
With a full spectrum of lending, banking, and investing, you’ll want to try the SoFi app. Trade stocks and ETFs with zero fees. You can expect to be charged a 1.25% markup on crypto trades.
Stash has built a reputation for one of the best investment apps on the market. It is easy to use and can start with as little as 1 cent! Begin with fractions of shares today!
You will find approximately 1,800 stocks and ETFs on Stash, providing more than necessary.
If you need hand-holding with your investments you’ll want to try Stash, granting it one of the best investment apps for beginners titles. From financial education and an easy-to-follow process, you won’t feel so alone here.
Plans with Stash are Beginner, Growth, and Stash+.
- Beginner – $1/month with an investment account, bank access, and education
- Growth – $3/month Beginner plus retirement investing accounts
- Stash+ – $9/month First two plans, a debit card, custodial accounts, with marketing insights every month
If you are interested in fractional shares, you’ll want to try Stockpile. Without needed to invest large amounts, buy fractions of stock instead! With a 99 cent trade fee, Stockpile is without a monthly fee.
Stockpile is also very kid-friendly. Give a gift card to a friend or family member, no account necessary. With their gift card, they can exchange it for a stock!
It’s never too young to start, which makes Stockpile one of the best investment apps for beginners. Kids can track their investments, and parents can monitor which stocks will be accessible for them.
In late 2019, TD Ameritrade removed all commission charged on ETFs and stocks. Easily one of the best investment apps on the market, you’ll want to be sure to take it for a spin.
Through the app, make simple investments, create price alerts, and watch stocks hit the bull market.
Learn the ropes of trading with Wealthbase. You’ll love the user-friendly aspect of this app. Play games and challenge your friends!
Games are an excellent way to learn by doing. Choose which stocks, ETFs, and crypto you want in your virtual portfolio. Have fun and be social on Wealthbase!
When thinking “what’s the best investing app?”, Wealthfront ought to be on the top of your list. The app takes the guessing game out of investing with its robo-advisor. Aiming to lower the barrier to entry, you will make money with little effort.
Wealthfront as an app is simple and clean to use. Whatever your monetary goals are, Wealthfront will aid you in the process.
A custom portfolio is determined by your risk tolerance, financial goals, and overall lifestyle. Costs are kept low with their ETFs. With a $500 minimum, the first $10.00 is free and thereafter .25%.
As a Canadian company, U.S. users can take advantage of everything Wealthsimple has to offer as well.
You’ll find robo-advised socially responsible investing portfolios on Wealthsimple. The three SRI portfolios to choose from are Conservative, Balanced, and Growth.
- Conservative: 65% bonds, 35% stocks
- Balanced: 50% bonds, 50% stocks
- Growth: 20% bonds, 80% stocks
With Wealthsimple, there is no minimum investment. For balances up to $100,000, you will be charged .50% annually. For balances over $100,000, you will pay .40% annually.
Webull is one of the best stock investment apps. You’ll be blown away by Webull’s mobile app. Aside from stocks, you can trade ETFs, cryptocurrency, and options.
The app caters to the seasoned pro with its attention on free investing and trading. Unfortunately, there are no bonds or mutual funds but Webull does support IRAs.
There is no minimum deposit required, and $0 commission or contract fees on stock, ETF, or options trades. For wire transfers, you can expect to pay between $8 and $45 for wire transfers with additional fees.
Be a Bull With the Best Investment Apps
Now that you know of some of the best investment apps out there, why not try some on for size? Download them and see which ones you like most.
When it comes to investing, always do your research and follow best practices. Education is the key to success.
Before you know it you will be a big-time whale!