Investing is essentially the smartest way to utilize your extra money. A little bit of money gradually after the maturity period can build up a lot of wealth for you and increase your net worth. So, never miss the opportunity to put your hard earned money to productive use and today, with mobile technology, you can start investing right away. There are a lot of investment apps that can generate high returns with less savings in ethically correct ways. Furthermore, many apps are evolving from raw finance, trading and stock market concepts and help aspiring investors to invest in the real stock market.
Here is a list of some of the popular and principled investment apps for new age traders and investors, and of course ordinary people can start bulking up their wealth portfolio.
If there is one app that lets users get into the game of investing with huge amounts of money required, it is Robinhood. With it, users can buy and trade US-listed stocks as well as ETFs without paying any commission. Thus, it is vastly different and better than any other stockbrokers who charge $10 for each buy.
Apart from being an app made for investing, Stash provides beginners with an educational guide on how to save money smartly for higher returns. It provides users with a rulebook on how to improve and manage their asset portfolio. Fractional shares, minimum account balance and value-based investing are some of its key features.
Acorns is the best option for those who want to contribute on a regular basis rather than making a lump sum investment. Users only need to link their debit or credit card and it rounds each transaction down to the next dollar and invests the spare or “spare change”. This makes them among the most profitable and well managed ETF portfolios. The fee for the account is also minimal, ie $1 per month for balances less than $5,000. Thus, Acorns helps you save a lot with very few dollars and sometimes a fraction of a dollar.
It comes with a unique approach for keen stock market players to buy and sell stocks. Users can buy fractional shares of any organization or listed company through the app. With no monthly fee, it offers 1000’s of options for investment which include ETFs as well as single stocks. Specially designed to encourage youth to indulge in share market game, Stockpile features gifting of shares and transfer of basket of shares to other’s account.
One of the great apps that enables beginners to build a portfolio to start trading for free. Users can create and maintain an active portfolio of both stocks and ETFs. While users can build a diversified portfolio or “custom pie” on their own through M1 Finance, they can also acquire fractional shares alongside it.
Traditionally, indulging in investing required a broker or at least a financial advisor, who can invest your hard-earned dollars judiciously. Hence, there is nothing better than having one of these apps which offer a stable approach to investing and trading in shares with or without minimal fees.
If you are interested in the apps business, try coming up with an investment app idea that will help beginners, adults as well as retired individuals allocate their cash flows wisely and grow their wealth over time.