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July 5, 2022
If you’re looking to get started in investing, or even if you’re a seasoned investor looking for new apps to add to your portfolio, we’ve got you covered. Here are some of the best investing apps available today.
Acorns is one of the most popular investing apps, and for good reason. It’s simple to use and perfect for beginners. With Acorns, you can start investing with as little as $5. Once you’ve signed up and linked your bank account, Acorns will round up your purchases to the nearest dollar and invest the difference into a diversified portfolio of ETFs.
Another great app for beginners is Stash Invest. With Stash, you can start investing with just $5. The app also offers a wide range of investment options, including stocks, ETFs, and bonds. Plus, you’ll get access to educational content to help you learn more about investing.
If you’re looking for an app with a bit more functionality, Robinhood is a great option. It’s a commission-free brokerage that offers a variety of investment choices. Robinhood also has a handy feature called Robinhood Gold that lets you borrow money against your investments to make trades with leverage.
For those who want even more control over their investments, Wealthfront is worth checking out. It’s a robo-advisor that offers personalized portfolio management. With Wealthfront, you can start investing with as little as $500. The app also has a great feature called Tax-Loss Harvesting that can help you save on taxes.
Last but not least, we have Betterment. Like Wealthfront, Betterment is a robo-advisor that offers personalized portfolio management. But it also has some unique features, such as Smart Deposit, which automatically invests any cash you have above your target balance. Betterment also offers RetireGuide, which is a handy tool that helps you plan for retirement.
Now that we’ve looked at some of the best investing apps available, let’s take a look at how to use them. If you’re new to investing, the process can seem a bit daunting. But don’t worry, it’s actually quite simple.
The first step is to decide what you want to invest in. Do you want to buy stocks, ETFs, or bonds? Or maybe you want to invest in a specific company or industry. Once you know what you want to invest in, you can start looking for an app that offers those investment options.
Once you’ve found an app that looks promising, it’s time to do some research. Check out reviews and compare features to find the best fit for your needs.
Once you’ve decided on an app, it’s time to open an account and deposit money. With most investing apps, you can start with as little as $5.
Now it’s time to start investing. With most apps, you can simply buy and sell investments with the click of a button.
Once you’ve made your investment, it’s important to monitor it. This way, you can make sure that your investment is performing well and make changes if necessary.
If you’re still not sure where to start, or if you want more help with investing, consider speaking with a financial planner. They can help you create a personalized investing plan and give you advice on which investments are right for you.
These are just a few of the best investing apps available today. So whether you’re a beginner or a seasoned investor, there’s an app out there for you. Happy investing!
Links:
Acorns – Invest, Earn, Grow, Spend, Later | Acorns
Stash | Investing App for Beginners
Robinhood: Commission-free Stock Trading & Investing App
Wealthfront: Invest for the long term on your terms
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