Want to invest but no idea where to start from? Well, you are not the only one. Beginners can sometimes find investing intimidating, especially if they are not sure where to begin. Investing is often thought to be a luxury reserved for the wealthy. This is no longer true today. Nowadays, everyone can start investing thanks to technology, and many platforms only require a few bucks to get started. So, what are you waiting for? Download a few apps and get started right away. If you do not have any idea where to begin, then good for you, this is the right place. We have compiled a list of apps for that will help you along the investment way. It cannot be overstated how important apps are today.
Investors of all sizes and literally everyone find investment apps appealing for a variety of reasons. The traditional form of investing, for example, can require a considerable amount of effort and time. It may be difficult for you to start investing, purchasing stocks, or exploring other options if you lack basic knowledge. It has never been easier to invest thanks to today’s unique variety of apps.
With simple interfaces to gamification, some of these apps are so easy to use that even children are investing with allowance money. Cannot wait to learn about these apps and do some investment? We thought so! Before that make sure that you have a reliable internet connection with great speed tiers like Spectrum Wi-Fi because you do not want any lags in the middle of an important investment. You can go with any other provider that has great speed.
With that, let us talk about some of the best investment apps in 2023:
Acorns
New investors will find this app appealing because it offers a simple, low-cost solution to passive investing. Although the app has an intuitive interface and educational content that is designed for beginners, its flat-fees are actually more expensive for those who are just starting out. The best users of Acorns are probably those who need a little encouragement to save more, not beginners with low balances. This platform includes spare change investing, retirement saving, and checking account opening – all in one place.
Robinhood
The site and app allow users to trade stocks, ETFs, options, cryptos, and other financial assets online. The platform offers commission-free trading services and a mobile app that makes trading convenient. Younger traders and millennials are the most popular users of Robinhood.
There are a variety of financial assets that you can invest in with the Robinhood platform. Not to mention, you have thousands of stocks and other assets available to trade on the platform. Orders can also be placed using the Robinhood platform. Limit orders, stop orders, stop-limit orders, and market orders are all supported. Additionally, you can set a valid time for your order.
E-Trade
This is a platform and a mobile app that is suitable for beginners as well as advanced traders. With the Web platform and mobile app, users can access real-time quotes, read market commentary, screen stocks and ETFs, and manage accounts. You can invest in stocks, bonds, ETFs, futures, options strategies, and 6,500 no-transaction-fee mutual funds with this amazing app.
This platform offers a variety of excellent educational resources and support options. Diversification, technical analysis, and options trading are just some of the topics covered in the webinars. In addition to online investing courses from Morningstar, there is a thematic investing section that offers advice on investing in companies that are aligned with your values.
Ellevest
The platform is ideal for investors who want individualized plans for their investment and retirement accounts. It was originally developed to assist women in closing gender money gaps, but it says it welcomes everyone. Through gender-specific salary curves and longevity data, Ellevest offers recommendations and forecasts tailored to women’s goals.
The company used to offer banking products to new clients, but those accounts are being unsettled for existing clients. In addition to rollover services for certain employer-sponsored retirement plans and one-on-one financial planning sessions, the automated investment app also provides a variety of other investment services. If you are looking for automated investing and retirement accounts combined with human advice, Ellevest is a good choice, but if you are looking for features such as tax-loss harvesting, joint accounts, or custodial accounts, you may want to consider other platforms instead.
Wrapping Up
Investing can indeed be a daunting task, but thanks to these apps, it is not that bad. We hope you find these apps useful and download them right away.
References
11 best investment apps in 2021 – Wise
5 Best Investing Apps for Beginners | Nasdaq
