Investments Apps today can help you earn a side income
Thanks to various investment and stock trading apps, you can do just about anything on your phone, including investing. In this article, we gather a list to help you select the Best Investment Apps in 2021.
Our list will include:
- Best Investment Apps for Beginners
- Best Apps for Low-Fees
- Best Investing Apps for Long – Term Investing
- Best Real Estate Investment App
- Best App for Trading Options & CryptoCurrency
Without further ado…Let’s Get Started.
Whether you are a seasoned investor or just starting out, it is ideal to manage your investments from your fingertips. Fortunately, the rise of technology allows you to do this with ease.
In fact, all you have to do is download an app on your mobile device to start investing. To help you cut through the clutter and nuances, we put together a list of the best investment apps.
The two biggest investing myths holding people back:
- You need to be rich
- You need to be a finance expert
Backed by hours of research and user testing, we narrowed down the best investment apps. These apps will show you how to start investing and will make sure you make simple financial decisions.
Quick Overview: The Best Investing Apps
- Wealthfront – Best Robo Advisor
- Acorns – Best for Beginners
- Robinhood – Best for Trading Options & CryptoCurrency
- E*Trade – Best Investing App for “Do It Yourself” Investors
- Betterment – Best App for Passive Investors
Top 05 Best Investments Apps 2021
01. Wealthfront - Best Robo-advisor Investment App
| Geo: International | Description |
|---|---|
 | Robo-advisor Wealthfront automates passive investing with tried-and-true algorithms. With Wealthfront, you don’t need a giant nest egg or a ton of experience to get started. Investors can start with as little as $500, and the app focuses on passive investing—a “buy and hold” strategy that minimizes trading and maximizes long-term gains. Wealthfront diversifies your portfolio for you, which is ideal for hands-off investors who like to trade cautiously. They even have a feature to search for excess cash in your checking or Cash Account above your set level and automatically invest that money for you in qualifying account types. The refreshingly low fees make Wealthfront an excellent spot for simple needs, like growing savings or planning for retirement. But the perks multiply once you hit higher investing levels; Wealthfront’s tax reduction strategies for large accounts are impressive. And Wealthfront has a robust suite of services for everyone, including college savings options and free goal-based financial planning. Wealthfront is worth it for the planning tools alone, which provide down-to-earth, flexible advice for different situations. Wealthfront is currently offering a high-yield savings account with an annual percentage yield (APY) of 4.05% in 2023. This is one of the highest APYs available among US banks for cash accounts. If you're interested in opening an account, you can join here
|
| Learn more about Wealthfront |
02. Acorns - Best Investment App for Beginners
| Geo: International | Description |
|---|---|
 | One way to make money is to make your current income work for you by making smart investments. If you’re looking to dip your toe in the world of investing, Acorns could be a good place to start. Many beginners on a small budget are fans of Acorns. This micro-investing app lets you get started with spare change. It's completely hands-off and requires no work on your end. You can open a checking account, save for retirement, and even invest for your children. It takes your “spare change” from purchases and automatically invests it for you. So if you spend $5.60 using a linked credit or debit card, Acorns will round up your purchase and drop that remaining $0.40 in your investment account. You can also make more significant investments if you want to. Acorns recommend the best portfolio for you based on your personal info and goals when you sign up. You can accept the recommendation or choose your own
|
| Learn more about Acorns |
03. Robinhood - Best for Trading Options & CryptoCurrency
| Geo: International | Description |
|---|---|
 | Like Acorns, Robinhood is an app that allows you to invest your money quickly. One of their main selling points is that users can invest and trade without paying commissions or fees. Another unique feature is that it allows you to trade cryptocurrencies, which most other investing apps don’t offer.
|
| Learn More about Robinhood |
04. E*Trade - Best Investing App for “Do It Yourself” Investors
| Geo: International | Description |
|---|---|
 | E*Trade’s mobile investment app has served as a home for millions of investors who enjoy detailed educational resources, commission-free trades, and a strong trading platform. With E*Trade, you have access to thousands of stocks, ETFs, index funds, mutual funds, bonds, and everything in between. The low-fees and easy-to-use mobile app make this an excellent platform for “do it yourself” investors and day traders. Aside from the plethora of resources, E*Trade’s app also allows you to view breaking news from CNBC, Marketwatch, Wall Street Journal, and more. Within the app, you can customize your stock watch list and turn on alerts so you do not miss the next big investment opportunity.
|
Learn More about E*Trade |
05. Betterment - Best App for Passive Investors
| Geo: International | Description |
|---|---|
 | As a Robo-Advisor, Betterment has attracted a legion of fans. This investment app allows you to create a diversified portfolio consisting of both stocks and bonds. Backed by Nobel Prize-winning research, Betterment has a team of professionals that manage your portfolio, optimize it for tax-loss harvesting, and re-balance it when needed. Rest easy; with Betterment, your portfolio is in good hands.
Traditional & Roth IRAs Education Saving Accounts Emergency Fund |
Are Investing Apps Worth It?
Yes! 100%.
Investing apps allow you to start investing immediately, which is crucial to increase your net worth and live the life you deserve. Remember, investing is a game of ‘time,’ and the more ‘time’ you have on your side, the better.
Here is the deal, an investing app allows you to start investing today. Better yet, most of the apps offer ample educational resources which will guide you and help you make intelligent, calculated financial decisions.
Here is the deal, an investing app allows you to start investing today. Better yet, most of the apps offer ample educational resources which will guide you and help you make intelligent, calculated financial decisions.
What is the Best App for Investing?
Listed above, we outlined the best apps for investing. We spent hours compiling the best apps and analyzed each one thoroughly.
Again, the best app for investing is one that is tailored toward your financial goals, provides market research, and is user-friendly.
Whether you want to invest in real estate, stocks, ETFs, Roth IRAs, Traditional IRAs, or mutual funds, our coveted list of the best investment apps will allow you to do that and more.
Can you use investment apps to trade stocks?
Some investment apps allow you to trade stocks and other securities, but that depends specifically on the kind of app and what it’s designed to do:
For example, brokerage apps such as Robinhood allow you to buy stocks and ETFs. Other apps such as those from robo-advisors Wealthfront and Betterment will buy stock funds and create a portfolio on your behalf.
So the ability to buy stocks with an app depends on the app itself.
Methodology
EarnMoneyat.com’s comprehensive review process evaluates and ranks the most significant U.S. brokers and Robo-advisors by assets under management, along with emerging industry players, using a multifaceted and iterative approach.Our aim is to provide an independent assessment of providers to help arm you with information to make sound, informed judgments on which ones will best meet your needs.
Each factor can involve evaluating various sub-factors. For instance, when gauging the investment selections offered by Robo-advisors, 80% of the score is based on the potential for diversification (how well-diversified a resulting portfolio of investments could be) combined with the availability of specialty portfolios and the level of customization for investors. Expense ratios form an additional 10% of the score, and low or no management fees the remaining 10%.
Disclosure:
Rating Factors
Evaluations vary by provider type, but in each case are based upon the weighted averages of factors that include but are not limited to: advisory and account fees, account minimums and types, investment selection, investment expense ratios, trading costs, access to human, financial advisors, educational resources and tools, rebalancing and tax minimization options, and customer support including branch access, user-facing technology, and mobile platforms.Each factor can involve evaluating various sub-factors. For instance, when gauging the investment selections offered by Robo-advisors, 80% of the score is based on the potential for diversification (how well-diversified a resulting portfolio of investments could be) combined with the availability of specialty portfolios and the level of customization for investors. Expense ratios form an additional 10% of the score, and low or no management fees the remaining 10%.
Disclosure:
This post is brought to you by EarnMoneyAt.com. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.
Posts
0 comments:
Post a Comment