If you’re new to investing and want to learn how to invest money, there are several investment apps to consider. These mobile apps are both convenient and educational. Some of these apps are better for beginners than others. TD Ameritrade’s app is one of the best, and it offers a number of educational tools. While it’s not as comprehensive as its website, it’s still more detailed than some of its competitors.
Choosing the best investment app depends on your investment goals. For example, are you aiming to save money for retirement? If so, you may want to start with a low-minimum account. Some apps, such as Ally, allow you to invest with only a small amount of money. Others, like Invstr, let you learn about investing before you risk your own funds. Beginner-friendly apps like these can help you invest money without the help of a financial advisor and without spending too much time or money.
Traders might want to try Wealthbase, an investment simulation app. It can simulate trading in stocks or cryptocurrency, and even integrate with your social media accounts. You can even compare your performance with friends and keep up to date on the latest news. The purpose of this app is to make you feel more comfortable with trading. It also has a social component so that you can discuss various investments with your friends. It’s a good place to start if you’re new to investing and don’t want to take on too much risk.
For those who are more into investing in socially responsible portfolios, Ellevest is a good choice. It’s one of the best rated robo-advisors, and it offers a range of socially responsible portfolios. It also helps people choose ETFs that will benefit communities or the environment.
Another great investing app is Public investing, which offers low fees and an extensive range of ETFs. It also supports crypto, with 25+ digital tokens that can be traded. It has a lot of educational tools, including videos from professional investors. Users can also follow like-minded traders, and see upcoming earnings reports, IPOs, and trending stocks.
While many investment apps are free, there are some that charge substantial fees for use. In one case, users pay $1 a month to access information on stocks and other investments. Moreover, most investment apps steer their users towards stock ETFs, which hold many shares of many different companies. You can also check historical performance of the stocks you’re considering through a particular app by typing in the stock symbol.
Acorns is another app that helps you invest smarter. You can set it up to automatically invest your spare change. It also automates transfer between financial accounts and lets you set your risk level. It also offers blog posts, investment advice, and more. This investment app is very popular with the millennial crowd.
