Investing can be a daunting task, but with the right tools, it can be made much easier. Here are five apps that can help you invest on the go. ..
The best way to get started in the stock market is to use these apps. These apps help you see the stock market in a more volatile way so that you can make better investment decisions.
1. Acorns (Website)
Micro investing is a new way to invest your spare change. When you make a purchase, Acorns rounds up to the nearest dollar and invests the difference. When you grab a cup of coffee on the way to work in the morning for $2.15, Acorns rounds up the purchase to $3 and invests $0.85 into your portfolio.
You can create a portfolio that is both conservative and aggressive. The conservative profile will likely grow at a slow pace, while the aggressive profile may have greater risk for loss but also greater risk for growth. Choose the one that you are most comfortable with and watch the results.
The Acorn mobile app is designed to be as easy to use as possible, but a web portal has become available for anyone that prefers to use the internet over a mobile. While not free, Acorn is affordable—$1 per month for all accounts under $5,000, and then 0.25% of the balance per year for accounts over $5,000.
2. Stash (Website)
Acorns has an identical pricing structure to Stash, it doesn’t automatically invest for you. Acorns provides users with educational content catered to their investing preferences.
If you’re just starting out, Stash can be overwhelming. While you won’t get in-depth analysis on all of the potential companies you can invest in, it can help you understand what all of the phrases mean.
You can choose between a values-driven portfolio or build your own customized portfolio. Once you’ve done that, you can set up the “Auto-Stash” preferences for recurring investments to create a sort of automated system based on your long-term goals. ..
Stash is a helpful resource for anyone looking to get started in the world of cryptocurrency. With both iOS and Android devices, you can access Stash’s comprehensive information and resources to help you get started.
3. Robinhood (Website)
Robinhood is a free app that lets you trade stocks without cost. This makes it an ideal way to invest in stocks, as it doesn’t require any money up front. Plus, Robinhood offers a variety of features that make trading stocks easier and more efficient. For example, you can use the app to research different companies and find their stock prices, which can help you make better investment decisions.
Robinhood Gold is a subscription service that gives access to a wider range of features than the base-level app. It allows you to trade stocks at different times of the day, and it also offers other benefits such as free stock picks and exclusive discounts.
Robinhood is a company that has minimal overhead, meaning their expenses are low and they’re able to pass those savings onto their users. This app may not educate you on investing, but if you know what you’re doing then it’s a great way to move stocks without the typical costs. ..
4. Ally Invest (Website)
Ally Invest is a popular platform for day traders that caters to people that want to keep their costs low. It’s a great way for beginners to get started and has many tools to help you along the way.
Ally provides educational resources to help you learn about the stock market and how it works. It’s a great option for the DIY investor. All ETFs are commission-free, but you will see a small fee for mutual fund trades.
An Ally Invest investor should know that the company does not have automatic investing or rebalancing options—everything is done by hand, but it can help you learn more about your investments and your portfolio.
If you’re not familiar with investing, Ally Invest may not be the best option. But if you’re willing to learn about what all this means, it can be a powerful tool for growing your wealth over time.
