Do you invest your money? If you have come across this article either you want to invest your money or it’s a sign for you to start thinking about investing. What part of your income do you invest? Is it half, quarter or none? If your answer is none then there is a lot of work you need to do my friend.
If your mindset is why invest when you can save or spend all your money. It is high time that you change your attitude towards money. Most people think that investing truly comes with high risk, which is both right and wrong. Meaning that there are investments that have high risk and some of low-risk. It is truly your discretion on which asset you want to invest your money in. But no matter what type of asset you invest the primary thing here is it important to invest your money.
The success mantra in life is you should be able to earn money even in your sleep. If you invest your money right you will be able to earn money even when you’re resting or sleeping. This is one of the ways, you take control of your financial security. The reason why everyone works hard is to make their retirement easy. So if you want to have a happy retirement then you need to start investing early. You have to take the reins of your financial life before it is too late.
Also when you start investing early you will be able to access your risk and change your plan before it is too late. Investing in proper resources will help you in increasing your assets ten folds and along with that, it provides you with the financial freedom to purchase anything. Still not convinced? Well, here are a few benefits that you will get for investing and naturally will change your decision.
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Benefits of Investing
Accumulate Wealth
As you already know, investing will provide you with financial freedom. You can either invest to accomplish short term goals or long terms goals. Not only that you can also improve your financial standing and accumulate wealth. Building wealth is never a bad thing, right? Investing provides you with hundreds of ways to grow your money. Some risky, some risk-free methods. So if you are keen on accumulating good wealth for you or your family then it is advised to have an investment plan that matches your goals. As you see most of the wealthy people have earned their wealth through investing.
Early Retirement
Early retirement has been on-trend for the past few years. Well if you see most of the famous businessmen have been retiring from business early. If you are working class and dream of retiring early it is quite possible with the right investment plan. Yup, you can hit the jackpot too. Only investing will make it possible for you. Not only for early retirement but retirement in general investing is important. If you want to have a peaceful retirement. Compound interest will act to your advantage. Simply put, the more you invest the more money you will be able to earn.
Save on Taxes
If you’re a taxpayer then this one of the major benefits you will get from investing. Quite frankly, saving on taxes is not as easy as it sounds. However, with investing, you can accomplish two goals once i.e., saving on your taxes and accumulating wealth. You can put your money in 401k, IRA, SEP or Traditional IRA. You will not have to pay the taxes when you earn it. Simply put, you will have to pay taxes when you retire. See you can save on taxes for years. Don’t you think this is an excellent opportunity to save some money?
Meet your financial goals easily
Another important reason why you should start investing is to meet your financial goals easily. Investing in the perfect way for you to grow your money and meet all your financial goals quicker. If you want to buy a house or start saving for your business or your children’s education, you can achieve all these goals with the right investing plan.
Inflation
If you don’t take investing seriously over time you will lose more money. Inflation increases the prices of goods and services every year. Simply put, inflation declines the purchasing power of money. So investing your money at an average interest rate will put you ahead of the inflation rate. But you must make sure that you invest with a rate of interest that is higher than the current inflation rate and you will be able to save up more than you can expect. So while choosing it is important to choose investments that will provide you with returns higher than inflation.
However, although there are benefits from investing. But if you want to reap the benefits of investing then you must come up with an investment plan that will not hinder your daily life but still help you in growing your money. Your life is never the same, it changes year after year, So does your financial status. If you think an investment is one size fits all then you’re highly wrong. Tailor your investment plan based on your changing needs.
Apps to invest for beginners
Another important thing that beginners are quite confused about is where to invest and how to invest. But with technological advancements, the internet has become advanced and a lot of apps have been developed that has made people’s life easier. If you think you cannot get financial advice through apps then you’re wrong. There are many investing and financial apps in the market that will provide you with adequate financial advice. If you’re wondering which apps are best for you. No worries, you have come to the right place. We have curated a list of the best investment apps, especially for beginners.
These are the best investment apps for beginners. Check them out and choose a platform that matches your requirements.
What are you waiting for? Let’s dive into the topic then.
Robinhood
Robinhood has made investing easy for many beginners. One of the first things that beginners worry about is the commission. Although they earn well from the investment, a good portion goes away as commission. However, with Robinhood, you don’t have to worry about it. As you see Robinhood provides you with commission-free investing. All you have to do is sign up and you will get your first stop for free. Although there are certain limitations attached to it.
The best thing about Robinhood is that it provides users with a chance to learn, manage and customize. Most beginners are truly interested in learning about finances and growing their investments. You can say that there are not many chances for them to learn. But with Robinhood, you will get a chance to learn too. The primary goal of Robinhood is to make investing more intuitive, affordable and fun irrespective of your experience.
Another best feature of this platform is that you can manage your portfolio in one single platform. Simply put, you will have a walking portfolio on your mobile. You can check the changes in your portfolio as soon as they occur. It also allows you to customise the notifications and news to stay on top of your portfolio. With customization, you can control the flow of info too.
Robinhood provides you with an opportunity to invest in thousands of stocks with less than $1. This is why many beginners are quite interested in this platform. It allows you to invest any amount you want, no matter how little your amount is they will provide you shares or parts of share for it. You can build your balanced portfolio but investing in different companies to reduce the risk. Lastly, you can trade in real-time which means you will know how your assets are performing in real-time. Other products of Robinhood include cash management, Options, Stock & Funds, Crypto and Gold. You can earn 0.30% APY on the uninvested cash in cash management.
Visit Website: Robinhood
Webull
Webull promotes smart investing. If you’re someone who enjoys technology and investing then this platform is perfect for you. It provides you with all the necessary tools for smart investing. Webull understands its audience better. Well, it provides you with different brokerage accounts to satisfy your investment needs. It offers IRA and Individual Brokerage Account. With IRA you can save up for your retirement with Roth, Wellbull Traditional or Rollover IRA. An individual brokerage account is a general account in which you can buy and sell assets and securities. This platform fully supports the extended hours trading i..e, full premarket (4.00 A.M- 9.30 A.M ET) and after-hour sessions too (4.00 PM-8:00 PM ET). It also gives you access to their advanced and customized desktop platforms.
Not only that you can even consolidate the analysis, place orders, watchlists and access the market through any device, be it mobile, PC or web. Simply put, you can manage your investments from anywhere at any time. It also provides you with tools that help you in analyzing the trends and making good money out of their investments. Those tools include multiple technical indicators, intuitive charts along premier level 2 Advance.
Opening your account with Webull is also quite simple. Open either an IRA or Individual brokerage account. Verify your identity by providing government documents and once verification is done you can start investing. Webull provides you with different products such as stocks, ETFs, Options and ADRs. Diversify your portfolio to reduce the risk and earn good returns.
Visit Website: Webull
Ally
Ally lets you make investments the way you want. But that doesn’t mean that you’re they will show you how to do it. You can choose how you want to invest and they will support you. This platform is perfect for both new traders or experienced one’s. It has something to offer for everybody. With Ally, you can do both self-directed trading and manage portfolios. Self-directed trading is perfect for hands-on investors. Self-directed trading comes with features such as no commission on stocks and ETFs (US listed).
Not only that no commission on option trades too. You will only need to pay 50 cents per contract fee on options. It also offers users tools that help in-depth research and market research that supports different types of investment strategies. It offers different types of investment strategies such as bonds, marginal accounts, stocks, options, mutual funds and ETFs. Apart from these excellent features it also allows you to manage portfolios. You will not be paying any advisory fees or rebalancing fees or annual charges.
The best thing about this platform is that they will put aside 30% of your portfolio as an interest-earning cash buffer. So although how the market fluctuates you will have an income source. They will also recommend a portfolio based on your goals, tolerance and time frame. Not only recommending they also help you in managing it. They will keep an eye on your portfolio and rebalance it so that there will be no disturbances in your portfolio. They will recommend a portfolio for every individual investor.
Ally offers you an intuitive trading experience, providing you with information that will enhance your knowledge and understand the market better and improve your decision making. Transferring funds is also quite simple in this platform, you can transfer around $250000 a day from your bank account to Ally investment account. Lastly, Ally supports Socially Responsible Investing too.
Visit Website: Ally
Betterment
If you’re a beginner that is keen on investing to satisfy your goals. If you have a purpose for investing then Betterment is just for you. Be it saving for children education or starting a business or owning a house. No matter what your goal is you will have assistance from Betterment to achieve your goals. The market fluctuates so it is important to make investments that will help you in attaining your goals. Betterment will provide you with recommendations that will help you in earning more than an average investor.
Why betterment? There are many investing apps in the market but betterment you will able to reach your goals within your speculated time. As you see, it will recommend your portfolio taking into consideration your goals and the time given. It also promotes socially Responsible Investing too. Wondering what are SRI portfolio options? Well, with this option you can invest in companies(globally) that align with the purpose you care about. It can be anything such as Broad impact, social impact or climate impact. And the best part is you don’t have to sacrifice your performance goals to invest in them.
Investing in these responsive stocks will also help you in growing your investments. Simply put, they will help you in growing your money whilst not compromising on your values. Also with betterment, you will only be paying an annual fee. Yup, the annual fee is 0.25% (For every $10,000 invested $25/year). No hidden or surprise charges waiting for you. However, if you want to gain in-depth analysis then you can check out their premium plan for 0.40%.
Choose a plan that matches your requirements. You can manage your finances in one place. This makes it easy to keep track of your finances and helps the Betterment platform in offering you the best advice. This platform also thinks about smart tax-saving strategies for you. They provide you with accounts based on your purpose. From retirement to trust, they will help you save for any of your purposes. This is one of the best investment apps for beginners.
Visit Website: Betterment
Acorns
Acorns is an investing platform that is a one-stop destination for beginners relating to everything related to finance. Well, this platform will help you with Investing, earning and spending. Yup, it also provides you with a plan to save for your retirement too. With this platform by your side, you will have control over your investments, spending and retirement too. In this platform apart from creating a personal investment account, you can also get an investment to account for your family too. With this platform, you can get investment tips on the go and get access to smart portfolios too. You will also receive a debit card that has more than 55,000 fee-free ATMs.
This platform also helps people in earning money too. Yup you heard it right apart from investing you can also earn money through this platform. The more you earn the more you can save. Acorns provide you with Acorn invest and Acorn later. Acron invests in the micro-investing account that will allow users to even invest in spare change. Yup, you heard it right.
Along with this they also have Acorn Later which is an easy way to save for your retirement. They will recommend you an appropriate IRA plan but that is not it, they will update the plan regularly so that it will match your goals. It just takes you a minute to start saving for your retirement.
Acorns will recommend you the assets and help you in creating a portfolio that will match your goals and financial situation. They have portfolios such as conservative, moderately conservative, moderate, moderately aggressive and aggressive. Each of these types will have assets in different ratios.
You can be assured that your investments will become fruitful because this platform is designed by the economist Dr Harry Markowitz, who has won a Nobel-prize. And also you must know that each of the portfolios has been structured with ETFs from well-known companies. This platform offers three subscription plans, each having different tiers and that supports your financial wellness. Choose a plan that matches your requirements.
Lite-$1/month
Personal-$3/month
Family-$5/month
Visit Website: Acorns
Public.com
Public.com can be considered as the new wave in investment apps. This platform makes the stock market social. On this platform, you can follow other investors and also discover companies too. Well, the best part of this platform is you can invest any amount of money without worrying. Beginners are looking for knowledge and understanding of the stock market. So knowing other traders’ experiences will make it easy for them to trust and put their money.
But finding a community of reliable investors is not as easy as it sounds. Well with this platform you can tap into the community of investors and gain collective knowledge. On this platform, you can purchase stocks for even less than $5. Irrespective of the share price you will own a piece of the stock. Not only stocks you can also invest in funds/ ETFs too. And all of this is commission-free. Through this platform, you can build your portfolio based on your terms. This provides you with an opportunity to learn from others and also share your experience too.
So that it helps other investors similar to you. You can also start or join group chats. This group messaging feature allows you to chat with other trades about trends and companies. They also have a long term portfolio in which you can drag and drop companies that you believe will perform well in the long term. They provide you with curated lists to understand companies better and this way you will also be able to discover new companies too. No commission is charged on this platform.
Also, you can watch and track the companies you’re interested in by adding them to your watchlist before you purchase them. And also receive the latest news relating to that company too. They have referral programs through which you can earn free stock too. Lastly, the investments made on this platform are insured up to $500,000. This platform is built with beginners in mind.
Visit Website: Public
Stash
Stash has been making investing easy for people. You don’t have to worry about your investment, you can even start at $5. Cool, right? You don’t have to go out of your way to start an investment or you don’t have to invest huge sums of money to grow. The motto of this platform is to start whatever you have and grow your money. It also provides users with a stock-back card that will help them in buying stock from well-known brands. Stash is offering three different plans for people keen on building their wealth. And the best part is that these plans are completely affordable.
Investing through Stash will protect the users from any hidden fees (banking). It has made it easy for people to invest in their children through a children’s investment account. Another important reason why 5 million people trust this platform is their retirement plans. With Stash you can secure your retirement too, they will come up with a plan that will help you in enjoying the same lifestyle even after retirement too. Stash helps you create users in choosing a plan that is perfect for you and helps you in achieving your goals quicker.
Once you sign up for the platform, they will ask you a few questions that will help them in understanding your goals and providing you with the right advice for budgeting and investing. They are offering two plans so pick a plan that matches your requirements. Based on your plans you will be getting features that will help you in getting adequate features that will help you in growing your money.
The three plans they’re offering are Beginner and Growth. Beginner provides you with features such as Investing, stock-back card, saving tools, banking, personalized advice along $1k life insurance by Avibra. Whereas with Stash Growth you will get everything in stash Beginner along with additional features such as Tax benefits for Retirement (Traditional IRA or Roth), Personalized advice for retirement and tax benefits for retirement investing. Apart from these two plans, there is another plan i.e., Stash Plus.
This plan has everything Stash Growth has and along with that, it has additional features such as Investing for your children’s future. Not only that you will also get 2x stock with Stock-Back card and Stock-Back Card bonuses too. You will also be getting premium research and advice too. Lastly, you will also be eligible for $10k life insurance by Avibra. Adding money to Stash is quite simple. You can either do it automatically or manually.
It hardly takes you 5 minutes to set up your direct deposit account. Once you set it up, you can send a part or full paycheck directly to Stash. This platform is built for long term investing. So through this platform, you can even purchase fractional shares too. Why not make the most of this opportunity and secure your future too.
Visit Website: Stash
Fundrise
Fundrise is a platform where people can invest in a diversified, low-cost portfolio of diversified, low-cost portfolio of real-estate. Fundrise combines both state of the art technology and expertise to improve the return potential and reduce fees. There is no doubt that real estate has been one of the most sought after asset classes for many investors. With Fundrise you can easily invest in real estate and grow your portfolio. This platform takes the help of smart technology to provide its investors with better investment opportunities and buying power.
One of the reasons why most people choose this platform is because it will make sure that your portfolio has resilient and high-quality assets. They leverage the purchasing power of their investor along with their extensive network to acquire many high-quality assets such as commercial, residential, equity or debt. Simply put they acquire various high-quality assets on behalf of the investors. Another important thing about this platform is that they have built the portfolios intending to withstand even the economic distress for a longer period.
As you already know, the market is highly volatile and there are times that judgements can go wrong. So it is highly important to make your portfolio compatible with the economic situations so that it can even handle such low situations. This is the reason more and more people are planning for a well-balanced portfolio that would handle the economic downturn quite well too.
And Fundrise has reduced its costs and fees to make sure that users can keep more of what they have earned. If you’re wondering how they do this, well, the answer is quite simple: they have designed software that makes most of the mandatory processes cheaper. Not only that they work directly with the real-estate operators and developers.
As they eliminate intermediaries they naturally can keep the prices low. Creating an account with this platform is also quite simple. Once you create your account you can choose your portfolio. Then you will see that your investments have been diversified across different asset classes.
The best part about this platform is that after your first investment they will keep working and add new assets to your portfolio with no additional investment from your part. Simply put, your portfolio will continue to become stronger year after year. They have a newsfeed in your portfolio that will help you in checking the progress of the assets in your portfolio. From new asset updates to milestones such as occupancy reports progress of new constructions, data trends, etc they publish everything.
This is one of the few platforms that publish the details of the assets and offer people a transparent investing experience. If you’re looking for a long term investment then Fundrise is just perfect for you. They select portfolios for their investors with the long term in view. Coming to the pricing of this platform usually, you will be around $1.50 advisory fee for every $1000 over a year. Also, you will be paying a 0.85% annual asset management fee too.
Visit Website: Fundrise
Wealthfront
Millennials are quite apprehensive about investing. The main reason behind this is because they don’t have enough knowledge relating to investing. But the truth is that it is not rocket science. With proper guidance and the right platform, anyone can do it effectively. If you’re a millennial who is keen on investing but are not knowledgeable relating to it then you can trust Wealthfront.
On this platform, Wealhfront has combined both passive investing and technology. This software automatically puts your money to work along with keeping your taxes and costs low. Everybody knows that the market is quite volatile and it changes, Wealthfront claims that they don’t chase the market. However, it doesn’t mean that you will not be growing your portfolio/money.
There are ways to grow your portfolio even by not following the market. Wealthfront will build the users portfolios that are globally diversified. Yup, the portfolio’s will consist of low-cost index funds. They aim to grow your funds or enhance your returns by following simple principles. Your portfolio will be adjusted to make sure that it is well balanced. Fees are one of the things that most people take into consideration before investing. Well, millennials take a step back because of the high fees and risk too. However, if you invest your money on Wealthfront you don’t have to worry about fees.
Since they choose low ETF’s they only charge a 0.25% advisory fee annually. As you already know, tax obligations can take away a good chunk of your savings. But with Wealthfront you can put your tax-related worries to rest. Their software executes trades strategically to reduce your tax obligation. You can reinvest all the money you save from taxes.
The passive Plus will unlock the potential of your portfolio. It comes with tax-loss harvesting, Risk Parity, Stock-level tax-loss harvesting and smart beta. Wealthfront will help you explore different possibilities of life along with giving you advice that works. Be it early retirement or support your children’s education, no matter what your goal is, with Wealthfront advice you can achieve with ease.
Visit Website: Wealthfront
TD Ameritrade
TD Ameritrade is a smart trading platform that is committed to making investors smarter. If you’re interested in investing then this platform is perfect for you. You will get all the information required to become a smart investor. All the platforms mentioned in this list offer you commission free-trading. But with TD Ameritrade you will get much more than that. Yup, you heard it right. Apart from online commission-free trading, you will also be getting access to other products and platforms of TD Ameritrade with no hidden fees, deposit minimums or trading minimums.
Their platforms will be of help for every kind of investor because they are both intuitive and powerful. Simply put, be it an active trader or a person investing to achieve their goals TD Ameritrade offers features and tools that will help you in making smarter decisions.
So no matter what your purpose is you will have full support from this platform. Before investing you can research the stocks, not only that you will also get real-time quotes, live-streaming CNBC and specialists with experience. The commission-free online trading is applicable for US exchange-listed stocks, options and ETFs. However, you must be aware that they charge $0.65 per contract on options trades. Not only that they charge a $6.95 commission for trades of OTC (Over-the-Counter) stocks. For OTC stocks the charge includes stocks not listed on the U.S exchange. You have multiple investment options to choose from such as Stocks, options, forex, futures, ETFs (commission-free), non-proprietary mutual funds, bonds & CDs.
Always remember that you must diversify your portfolio so that you can stay ahead, grab the opportunities and grow your money. TD Ameritrade comes with an AI-powered experience that is designed just for users to grow their knowledge with content that is tailored to their personal goals (investing).
Another best thing about this platform is that they have personalised learning for the investors. If you want to grow your portfolio then it is first important to improve your understanding of the investments. It is best to choose this platform as it offers investors a wide range of selection options along with powerful tools for trading too. But this is not the end of it, you will also get webcasts and interactive courses that will improve your knowledge.
Apart from this, you can also analyze the performance of your investment along with market conditions through various tools offered by the platform. This is the best way to know whether you can reach your goals as anticipated or not.
Visit Website: TD Ameritrade
M1 Finance
M1 Finance is an app that facilitates people to invest, spend and borrow. This app has become popular because of its usability and availability of multiple actions. Another speciality of this app is that apart from helping users build wealth through day-trading. It helps them in building wealth through long term strategies. M1 Finance is a highly intuitive platform that is built to make your financial life easier. If you transfer your investment from other brokerages to M1 finance you will be earning $3500 for a limited period.
Once you create a portfolio with this platform you can put your financial worries to rest. As M1 takes care of everyday activities, it provides you with enough room to concentrate on bigger things. This platform is a perfect mixture of automation and personalization.
M1 offers you smarter tools and wiser strategies to grow your investments. Also, you will be paying fewer fees, so that you can invest most of your money and earn good returns. Having smarter tools at your disposal is highly important, these tools will help you in with decision making. Because every decision you make will surely shape the growth of your investment. Their strategies will help you in accumulating wealth over the long term. Also from investing in borrowing you can do everything your way on this platform.
This platform is flexible, automated and customizable. It allows you to invest your money however you want. Apart from investing in this platform, you can also borrow money on your investments. Yes, you heard it right. The borrowing rate is also low compared to the market rate. Their borrowing rate is 2-3.5% and the best part is that there is no additional paperwork. They also offer you digital banking too. It is integrated with your investments. If you want you can also upgrade your account.
With this upgrade, you will also receive several perks such as rewards, exclusive features, etc. Another reason to pick this platform, you can be assured that your account is protected. The securities in the M1 account are insured by SIPC upto $500,000. Not only that M1 spending accounts are also insured by FDIC insurance up to $250000.
Around 500,000 investors have opened their account with M1 finance. The reason why all the investors are taking an interest in this platform is that they can build their investment strategy and balance their account automatically. And the best part is that all of this is free.
If you’re a self-directed investor then this platform is just right for you. Investors can use the tools offered by M1 and develop a strategy that works for them. Also, automation makes it easy for you to implement and maintain it. With $125/yr, you can upgrade your account to get exclusive offers and other perks. It offers you 4 different accounts to choose from i.e., Individual, Joint, IRA and Trust. If you want total control and freedom on your investments then what are you waiting for? Just open an account on this platform and start building your portfolio.
Visit Website: M1 Finance
Blooom
If you’re looking for a smarter way to grow your investments then Blooom is your go-to option. This platform is one of the best investment apps for beginners. Blooom is for people who have no idea about investing or a strategy that will work for them. This is one of the reasons why most people fail in investing. Blooom consists of online financial advisors who offer you all the needed advice to grow your investments.
If you’re a beginner having no clue about investing or saving. Well, it is advisable to start with saving. This will be the first step in the right direction. Start with putting your money into your retirement account. That is a good start. However, everyone will agree that investment is quite confusing.
If you’re a beginner then it is not an exaggeration to say that you’re entering a whole new world. So in the beginning it can be quite scary. If you’re a beginner taking your first step in investing, Blooom is one of the best investment apps for beginners. This platform is built on technology that will make sticking to your retirement strategy simple and hassle-free. Most of the investors come to this platform for the optimization of their 401k.
Another reason why most people are comfortable with this platform is that they have access to a real advisor (human). It makes it easy for them to communicate their issues and help them in overcoming their issues. Blooom will truly help you in making the right decisions regarding your retirement. No matter what the market situation is, your investment will not be affected. It is quite common to see people struggling with their retirement account.
Irrespective of the size they face troubles in understanding the financial markets. With Blooom you can create a personal investment strategy. You need to understand your needs. When you answer the questions of their experts they will be able to create an investment strategy that is perfect for you.
You can also research your strategy and understand the investment options too. They’ve adapted Robo advising technology that will help them in coming up with recommendations that will help you. Also, most people think that once they have made the investment their responsibility is done. However, that is not the case. You have to regularly manage your investments and make sure that they are balanced. You can put your worries to rest. As you see, they can be worry-free as they regularly check your accounts and make sure that they’re optimised.
They offer services such as Risk Management, Fee minimization and Diversified Portfolio. The advice from their team and the Robo advising tools will help you to not deviate from your strategy. With Blooom you will get an extra layer of protection for your account. If there are any unusual withdrawals you will be given information immediately. No matter how big or small your goals and doubts are you will receive assistance from their team. Take your first step to a happy retirement with Blooom. You will get a free investment analysis.
Once you get the analysis, you can build your custom retirement dashboard and tools. Once you receive the analysis (recommended investment strategy) and then receive a personal account analysis. They are offering three different plans, choose a plan that matches your requirements.
Essentials- $45/yr
Standard- $120/yr
Unlimited- $250/yr
Visit Website: Blooom
SoFi
SoFi is one of the best investment apps for beginners available in the market. When you’re a beginner everything seems hard. So finding the right investing app is out of the question. SoFi will be an All-in-one investing platform for beginners. On this platform, they can trade ETF’s, crypto, stocks. Not only that you can also start automated investing too. Sounds cool, right? With this app investing is quite easy. One of the reasons why beginners prefer this platform is because it is easy to use.
With SoFi, you can easily achieve all your financial goals. Pay-off your debt faster and start investing in your future. Be it a beginner or someone with experience invest with ease. You can do it by yourself. Choose the options you want to invest in. If not you can also go for automated investing through which SoFi will create a portfolio for you. Another reason why most people choose this platform is that they don’t have to invest huge amounts. People can even start investing with as little as $1. You can trade ETF’s and Stocks for free.
If you want to invest in a company but cannot purchase a full share, no issues, SoFi makes it easy for people to get the stocks of their favourite companies without purchasing a full share. Yup, you can now invest in your favourite companies without worrying about the cost. Diversification of your investment is quite important. It is safe to say that you should not be putting all your investment in one asset class. With SoFi you can diversify and invest in different assets.
Another interesting feature of this platform is that you can also find out how much your investment will be growing over the years. Yup, they even have an investment returns calculator. All you have to do is enter your initial investment, monthly contribution along with the rate of return you’re expecting. Before you invest you can check out your investment returns.
Visit Website: SoFi
Coinbase
Are you interested to invest in cryptocurrencies? Yes, then Coinbase is the best investment app for you. This place makes it easy for you to manage, buy, sell cryptocurrencies. You can easily create your cryptocurrencies portfolio and manage them. It provides you with a variety of features that make it easy for you to manage your portfolio. You can also schedule your buys weekly, monthly or daily. Another best feature this platform offers is, you can store your funds in the vault. And it allows you to do the time-delayed withdrawals.
More than 43 million users are using this platform across the globe. Not to forget this platform supports more than 100+ countries. It just takes a few minutes to invest in popular digital currencies. All you have to do is create your account, link it with your bank account and start buying & selling.
Visit Website: Coinbase
Stockpile
Stockpile is another interesting investment platform that makes investing easy for people. Have you ever thought of gifting stocks to your family or friends? If you haven’t then we suggested you consider it. Through Stockpile you can gift stocks to people. Not only that you can also set up custody accounts for your children and monitor them. Introducing investing early in your kid’s life will do them go and help them become independent. They also provide you with a beginners guide.
This app has proved that you dont need big bucks to make huge profits. You can start with as small as $5. Purchase the fractional shares of the company you are interested in. Creating a profile is also quite simple. All you have to do is create your account, link it to your bank account. Once you have successfully set up your account then you can pick 1000s of popular ETF’s and Stock’s you are interested in and build your portfolio.
Visit Website: Stockpile
Wrapping up
Hope you have found all the information about investment apps for beginners in this article. All the platforms mentioned in the list are perfect for beginners sceptical about investing. You can also try these apps and make good profits. Which platform are you interested in trying?
