If you are in your 20s or 30s doesn’t matter. You must plan your future by doing investments regularly to gain real wealth in the long term. There are many ways you can invest your money, such as cryptocurrency, stocks and mutual funds, government securities and bonds. There are many platforms in the market for investments we will be talking about next in the article.
Investment is a very good habit, if you will not start early it will be too late to be rich in the long run. We must think about our retirement planning, otherwise, we will have to do work all our life to earn money. Investing money will compound your money after 5 to 10 years of continuous investment.
For rich people, money makes money and they earn money while they are sleeping. If you want to be one of them, it will take a long time, but real wealth is generated in the long term. So let’s have a look at some best investment apps for beginners as well as professional investors.
Investment Apps for Beginners?
The best investment apps for beginners focus on some features that are – a simple and easy-to-use interface, risk management feature and graph and other information. These investment apps for beginners are very easy to use, and you will not find any problems while interacting or understanding the features of the apps. If you are looking for an Amazon moment, then you can search online.
1 – Ally
Ally Invest is one of the best options for beginners who are interested in stocks and bonds. Bonds are the safest form of investment where you get a fixed return with almost 0 risks. Because the bonds are issued by the government of the countries, and you can invest in them. Govt. securities and bonds are the safest investments you can invest in. You can also get home loans from the company. Ally invest also gives users to invest in bonds, mutual funds and ETFs. There is no minimum investment limit, you can start as per your pocket, and the application doesn’t require additional downloads to access the trading platform. The main features of the Ally investment app are:
- No fee on eligible stocks and option trades
- Options placing calculator
- Chat, Phone and Email support
- Both web and app-based access
2 – Stash
Stash is another best app for beginners to invest, hoping to learn the hopes of investing fast. The app provides financial education content and games to make financial topics easier to understand for beginners. Users can customize their goals based on what they want to focus on and track their investment progress. The stash app lets you work with value investing and provides you suggestions for building your portfolio for wealth generation. Real wealth is generated in the long term, as we all know about Warren Buffett, a great investor. The key highlights of Stash are:
- Minimum investment $5
- The fee range starts from $1 to $9
- Financial educational support
- Invest in Stocks and ETFs
- No inactivity fee
- Visual tools to make investment decisions
3 – Acrns
Acrons is another great investment app for beginners. The investment app is very useful for people who want to bolster their savings and invest without doing much research and thinking about it. The platform will help you to compound your money. You can invest in ETFs and if you have less money then you can purchase the shares in fractions. Which is the best thing about their investment app. There are 3 plans – lite, personal and family, which allow users to add additional accounts for a premium price. The key features of Acrns are:
- No minimum investments
- 5 types of portfolio
- 24 hours customer support by phone or live chat
- $1 to $5 charges depending on account type
- Option for family spending account
- Automatic rebalancing
4 – Invstr
Invstr is another popular investment app for beginners. This investment app is known for its fantasy game-play, which allows users to play with $1 million in fake cash to learn the investment with the fake money in the demo account. Users can invest in stocks very easily with the Investr app. It is also a great app for those people who want to get experience in portfolio management. The platform has a big community of investors, and you regularly get a newsfeed that will help you learn more about managing a portfolio. The features of Invstr app are:
- Fractional shares in stocks
- Win real cash prices for successful gameplay
- Learn portfolio management
- Access to the specialized financial education content
- Interactive gameplay
5 – RobinHood
RobinHood is one of the largest crypto and investment platforms in the United States with millions of user base. So you can imagine how popular this investment platform is. You can buy stocks, crypto, mutual funds and others through the RobinHood platform. The app allows you to trade cryptocurrency without a fee. The account doesn’t need any minimum balance. RobinHood doesn’t sync with the retirement accounts and has limited customer support for retirement accounts. The interface of the app is very user-friendly and has a nonexistent fee structure. It is one of the best stock market apps.
6 – WealthBase
WealthBase is an investment app which is perfect for beginners, it provides a simulator for beginners to learn investments. You can trade in stocks and crypto as well. WealthBase is also a good cryptocurrency exchange, and keep the eye on the feed of your trader friends and see what they are doing. If you are a beginner who wants to start his/her investing journey, then this app could be a great app to learn investment without worrying about the risks of making an initial investment without much experience.
7 – E-Trade
E-Trade is another best investment app, there are a number of options for trading. There are thousands of stocks listed you can choose from, mutual funds, ETFs and other investment options. Investors get full freedom to select any of the investment options. IT is a great platform for those people who have little knowledge of the stock market. Here are the key features of the E-Trade app are:
- No commission for trading stocks
- Live news and market analysis
- Personalized notifications on stocks
- Robo-advisor offerings available
- Minimum account balance, $300
Conclusion
So these were some best investment apps for Android and iPhone. So what you are waiting for, download any of the investing apps and start your investment journey.