Investing can be a great way to grow your wealth over time, but it can also be intimidating for beginners who are just starting out. Fortunately, there are many investing apps that make it easy for beginners to get started. Here are the top 10 investing apps for beginners:
- Acorns: This app is great for beginners because it allows you to invest small amounts of money automatically, using a feature called “round-ups.” Every time you make a purchase with your linked debit or credit card, the app rounds up the amount to the nearest dollar and invests the difference.
- Stash: This app is similar to Acorns in that it allows you to start investing with small amounts of money. It also offers a variety of investment options, including individual stocks, exchange-traded funds (ETFs), and even cryptocurrency.
- Robinhood: This app is popular among beginner investors because it offers commission-free trading, which means you don’t have to pay a fee every time you buy or sell a stock. It also has a user-friendly interface and offers a variety of investment options.
- Betterment: This app is a robo-advisor, which means it uses algorithms to create a personalized investment portfolio for you based on your risk tolerance and financial goals. It’s a good option for beginners because it takes the guesswork out of investing.
- Wealthfront: This app is another robo-advisor that offers a range of investment options, including ETFs, individual stocks, and even real estate. It also has a feature called “Path,” which helps you set and track financial goals.
- Ellevest: This app is specifically designed for women and offers a variety of investment options, including ETFs and individual stocks. It also has tools to help you set and achieve financial goals.
- M1 Finance: This app is unique because it allows you to create your own investment portfolio using a feature called “pie investing.” You can choose from a variety of stocks, ETFs, and other investment options to create a portfolio that fits your goals and risk tolerance.
- Vanguard: This app is a good option for beginners because it offers a wide range of low-cost mutual funds and ETFs. It also has tools to help you set and track financial goals.
- Ally Invest: This app is known for its low fees and offers a variety of investment options, including stocks, ETFs, and options trading. It also has a feature called “TradeBuilder,” which helps you create a personalized investment plan.
- Charles Schwab: This app is a good option for beginners because it offers a wide range of investment options, including stocks, ETFs, and mutual funds. It also has a variety of tools and resources to help you learn about investing.
Overall, these investing apps are great options for beginners because they offer a variety of investment options, low fees, and tools to help you learn and track your progress. Whether you’re just starting out or you have some experience with investing, these apps can help you grow your wealth over time.