Investing used to seem like something only men on Wall Street could take interest in.
Now, though, thanks to some impressive technological advancements, everyone can be more involved in the investment world.
Investment apps are everywhere these days, and they’re very beneficial to a lot of people.
There are lots of helpful options available on the app store that anyone can use, even those who know nothing about investing.
Read on to learn about eight great investing apps you can use to start building wealth and improving your portfolio.
1. Stash
Stash is a great app for those who want to manage their money better and start learning more about the world of investing.
Stash allows you to invest in low-cost ETFs and stocks, and it only costs $1 per month.
Stash doesn’t just provide you with a platform for investing, though. It also teaches you more about how to be a wise investor.
One criticism of investing apps is that some of them oversimplify the investing process — this definitely isn’t the case with Stash, though.
When you use this app, you gain access to all kinds of helpful tools that will teach you all the basics of investing.
2. Vault
Vault is an app geared mainly to those who are focused on using their investment accounts to plan for retirement.
Vault makes it easy for users to open up an IRA, a Roth IRA, or a Simplified Employee Pension (SEP) IRA.
It comes with a low monthly fee of just $1, and the minimum cash amount is also just $1.
Vault also provides you with a lot of helpful advice on setting up a retirement plan and allows you to deposit a specific percentage of your income directly into your retirement account.
If your employer does not deduct a percentage of your salary to go toward a retirement account, or if you’re self-employed, Vault is definitely worth checking out.
3. Wealthfront
You’re never too young to jump into the investment game, and the folks who created Wealthfront know it. Wealthfront is an investment app designed specifically for college savings.
When you sign up for Wealthfront, you gain access to expert analysts who will guide you and help you figure out an investment strategy that will help you reach your educational goals.
The app even an investment option that is free for the first ten thousand dollars under management on the platform.
4. Robinhood
Robinhood allows users to invest in a variety of stocks, options, ETFs, and cryptocurrencies without any fees or commissions.
Robinhood is a fairly simple app, and it doesn’t provide a lot of educational or research opportunities. The free trades make the app worth it for most people, though.
Robinhood is also offering a new feature known as Robinhood Gold. This feature allows for after-hours trading, larger instant deposits, and a line of credit for certain, qualified customers.
5. Acorns
For $1 per month, you can access the Acorns app. The Acorns app makes investing easy and painless for those who have a hard time letting go of a portion of their salary each month.
If you’re in a tough spot financially and don’t feel that you can afford to invest, Acorns is the app for you.
The Acorns app allows you to set up a daily, weekly, or monthly automatic investment from your bank account. When the payments come out automatically, you won’t even miss them!
You can also link the app directly to your debit or credit card. When you do this, the app rounds up each of your purchases to the nearest dollar. It then invests that spare change into an ETF portfolio.
When you use Acorns, you can become an investor without even thinking about it.
6. M1 Finance
For those who are looking to become a bit more serious about investing, M1 Finance is a great app to use.
M1 Finance does not charge and trade fees or account-management fees. It does require a minimum investment, though. For brokerage accounts, $100 is the minimum, while it’s $500 for retirement accounts.
M1 Finance has built-in tax efficiency. This means that it lowers your taxable income. This is great for individuals who are self-employed and want to avoid being stuck with a large tax bill at the end of the year.
7. Personal Capital
For those who are more “big picture” people, Personal Capital is a great app to use.
This app makes it easy for you to get a holistic view of your investment portfolio. It updates and tracks your holdings and evaluates the performance of your portfolio, as well as your asset allocation and specific risk management requirements.
Personal Capital comes with a neat comparison tool, too, which lets you measure your portfolio’s performance and major market indices
There are no trade commissions when you use this app. You do have to pay an asset fee, though, which starts at just 0.89 percent of the first million dollars you’ve invested.
8. Kite Mobile
Kite Mobile is Zerodha Brokerage’s mobile app. As this site points out, Zerodha Brokerage is one of India’s top brokerages.
Kite Mobile is a simple, intuitive trading app that makes it easy for you to monitor the markets, trade stocks, and keep track of your portfolio while you’re on the go.
Kite Mobile is highly efficient and features a bandwidth consumption of fewer than 0.5 Kbps. More than 1 million clients currently use Kite Mobile, and there have yet to be any serious complaints against the app.
Learn About Other Investing Apps Today
If you’re ready to jump into the investing world, or if you just want to be a little more intentional about your investments, these investing apps are great options to try.
They’re affordable, easy to use, and will get you more excited about investing than you ever thought possible!
Do you want to learn about other apps that can help you manage your investments or your finances in general?
If so, be sure to check out the Apps and Games section of our website today.
You’ll find lots of helpful articles here that will teach you all about the latest and greatest money management apps and tools.
