Last Updated on December 30, 2018 by Road To Free Life
With a lot of stock trading apps on the market, it can be difficult to separate the good from the bad. To help you find the right investment app for you, here it is a list of the best investment apps for beginners.
Everyone has a different financial situation. We have different goals, money to invest, how much risk and knowledge about investing. No matter if you have lots of extra money to invest, or just want to get started with a small amount of money, you will find something useful for your needs on this list.
You can open an account in under 5 minutes, and no minimum investment required. You will get $5 Signup Bonus when creating a new account. And if you are a college student, the app is for free. But for meaningful results, you’ll need to invest more than just your spare change.
Betterment is more complex than just an investment app. It more suitable for long-term investing, like “set it and forget it” investing style. When you sing up there will be a few questions about your age, risk tolerance, your goals and what you’re investing for. Based on your answer, Betterment will make a portfolio for your needs. And if you have other investment accounts you can use the app to track all your assets in one place.
3. Swell Investing
This app takes a unique approach to invest. There are no trading costs, but you will have to pay about 0.74% from your balance to management fees every year. One of the advantages of using Swell app is that it takes a unique approach to invest. Swell Investing is a new robot-advisor, investing in high-growth companies that are working to solve the world’s biggest problems.
If you haven’t started investing yet, don’t worry. If you are reading this article, you are on the right way. But to make it work, you need to start tucking away some of your money into the stock market as soon as possible. You can start with any one of the investment apps from above, it’s easier than ever to get started with investing for beginners.
This list has in my opinion, the best investment apps that will allow you to responsibly invest money online.