Investing your hard-earned money can be a daunting task, especially if you’re not familiar with the stock market or the world of finance. However, with the rise of technology, investing has become more accessible and convenient for everyone. With the help of investment apps, you can now manage your portfolio and make investment decisions from the comfort of your own home. In this article, we’ll be discussing the 7 best investment apps that you can use to grow your wealth. Whether you’re a seasoned investor or just starting out, these apps are designed to help you achieve your financial goals.
1. Robinhood - Commission-free Stock Trading & Investing App
Robinhood is a one of the Best Investment Apps 2024 that has gained a lot of attention in recent years. It’s known for being one of the first investment apps to offer commission-free trading, making it an attractive option for new investors who want to start investing without paying high fees.
Features:
- Commission-free trading
- Ability to trade stocks, options, and ETFs
- User-friendly interface
- Option to trade cryptocurrencies
Costs:
- No commission fees for trades
- Some premium services like Robinhood Gold require a monthly subscription fee
User Experience:
- Robinhood’s app is designed to be easy to use and accessible for everyone, regardless of their investment experience.
- The app offers a simple and intuitive interface that makes it easy to buy and sell stocks, options, and ETFs.
- Robinhood also provides real-time market data and news, which can be helpful for making informed investment decisions.
Overall, Robinhood is a great investment app for those who are just starting out with investing and want to do so without paying high fees. Its commission-free trading, user-friendly interface, and real-time market data make it an attractive option for new investors.
2. Acorns - Invest, Earn, Grow, Spend, Later
Acorns is a Best Investment Apps that’s designed to help people start investing with small amounts of money. The app’s goal is to make investing accessible and convenient for everyone, even those who don’t have a lot of money to start with.
Features:
- Automated investment plans
- Round-up feature that invests spare change from purchases
- Option to invest in portfolios created by financial experts
- Integration with popular payment apps
Costs:
- $1-$3 monthly fee, depending on the plan chosen
User Experience:
- Acorns’ app is designed to be user-friendly and easy to use, even for those with limited investment experience.
- The app’s round-up feature makes it easy to start investing with small amounts of money and grow your portfolio over time.
- The option to invest in portfolios created by financial experts can be helpful for those who want to invest but don’t know where to start.
Overall, Acorns is a great investment app for those who want to start investing with small amounts of money and grow their portfolio over time. Its round-up feature and automated investment plans make it an accessible and convenient option for those who want to get started with investing.
3. Stash - Investing App for Beginners
Stash is one of the Best Investment Apps that’s designed to help people start investing with as little as $5. The app offers a variety of investment options, including stocks, bonds, and ETFs, making it a great option for those who want to diversify their portfolio.
Features:
- Investment options in stocks, bonds, and ETFs
- Personalized investment recommendations based on goals and risk tolerance
- Option to invest in fractional shares
- Option to set up automatic investments
Costs:
- $1-$9 monthly fee, depending on the plan chosen
- Trading fees may apply for some investment options
User Experience:
- Stash’s app is designed to be user-friendly and accessible, even for those with limited investment experience.
- The personalized investment recommendations and option to invest in fractional shares can be helpful for those who want to start investing but don’t know where to start.
- The option to set up automatic investments can make it easier to grow your portfolio over time.
Overall, Stash is a great investment app for those who want to start investing with small amounts of money and have access to a variety of investment options. Its personalized investment recommendations and option to invest in fractional shares make it an accessible and convenient option for those who want to get started with investing.
4. TD Ameritrade - Online Stock Trading, Investing, Brokerage
TD Ameritrade is a well-established online brokerage that offers a variety of investment options, including stocks, bonds, and ETFs. The company also offers a mobile app that makes it easy to manage your portfolio on-the-go.
Features:
- Investment options in stocks, bonds, and ETFs
- Advanced trading tools and research
- Option to trade options and futures
- Integration with TD Ameritrade’s robo-advisor, Essential Portfolios
Costs:
- Commission fees for trades
- Some advanced trading tools may have additional fees
User Experience:
- TD Ameritrade’s app is designed for experienced investors who want access to advanced trading tools and research.
- The integration with TD Ameritrade’s robo-advisor, Essential Portfolios, can be helpful for those who want to invest but don’t have the time or expertise to do so themselves.
The option to trade options and futures can be appealing for experienced investors who want to add these investments to their portfolio. Overall, TD Ameritrade is a great investment app for experienced investors who want access to a variety of investment options and advanced trading tools. Its integration with TD Ameritrade’s robo-advisor and option to trade options and futures make it an attractive option for experienced investors.
5. E*TRADE - Investing, Trading & Retirement
E*TRADE is a well-established online brokerage that offers a variety of investment options, including stocks, bonds, and ETFs. The company also offers a mobile app that makes it easy to manage your portfolio on-the-go.
Features:
- Investment options in stocks, bonds, and ETFs
- Advanced trading tools and research
- Option to trade options and futures
- Integration with E*TRADE’s robo-advisor, Core Portfolios
Costs:
- Commission fees for trades
- Some advanced trading tools may have additional fees
User Experience:
- E*TRADE’s app is designed for experienced investors who want access to advanced trading tools and research.
- The integration with E*TRADE’s robo-advisor, Core Portfolios, can be helpful for those who want to invest but don’t have the time or expertise to do so themselves.
- The option to trade options and futures can be appealing for experienced investors who want to add these investments to their portfolio.
Overall, ETRADE is a great investment app for experienced investors who want access to a variety of investment options and advanced trading tools. Its integration with ETRADE’s robo-advisor and option to trade options and futures make it an attractive option for experienced investors.
6. Fidelity - Retirement Plans, Investing, Brokerage
Fidelity is a well-established financial services company that offers a variety of investment options, including stocks, bonds, and ETFs. The company also offers a mobile app that makes it easy to manage your portfolio on-the-go.
Features:
- Investment options in stocks, bonds, and ETFs
- Advanced trading tools and research
- Integration with Fidelity’s robo-advisor, Fidelity Go
- Option to trade options and futures
Costs:
- Commission fees for trades
- Some advanced trading tools may have additional fees
User Experience:
- Fidelity’s app is designed for experienced investors who want access to advanced trading tools and research.
- The integration with Fidelity’s robo-advisor, Fidelity Go, can be helpful for those who want to invest but don’t have the time or expertise to do so themselves.
- The option to trade options and futures can be appealing for experienced investors who want to add these investments to their portfolio.
Overall, Fidelity is a great investment app for experienced investors who want access to a variety of investment options and advanced trading tools. Its integration with Fidelity’s robo-advisor and option to trade options and futures make it an attractive option for experienced investors.
7. Charles Schwab - A modern approach to investing & retirement
Charles Schwab is a well-established financial services company that offers a variety of investment options, including stocks, bonds, and ETFs. The company also offers a mobile app that makes it easy to manage your portfolio on-the-go.
Features:
- Investment options in stocks, bonds, and ETFs
- Advanced trading tools and research
- Integration with Charles Schwab’s robo-advisor, Schwab Intelligent Portfolios
- Option to trade options and futures
Costs:
- Commission-free trades
- Some advanced trading tools may have additional fees
User Experience:
- Charles Schwab’s app is designed for experienced investors who want access to advanced trading tools and research.
- The integration with Charles Schwab’s robo-advisor, Schwab Intelligent Portfolios, can be helpful for those who want to invest but don’t have the time or expertise to do so themselves.
- The option to trade options and futures can be appealing for experienced investors who want to add these investments to their portfolio.
Overall, Charles Schwab is a great investment app for experienced investors who want access to a variety of investment options and advanced trading tools. Its integration with Charles Schwab’s robo-advisor and option to trade options and futures make it an attractive option for experienced investors, and the commission-free trades can be an added bonus.
Conclusion
In conclusion of “Best Investment Apps” article. there so many investment apps available for both novice and experienced investors. From commission-free trading apps like Robinhood, to robo-advisor apps like Acorns, to more advanced trading platforms like E*TRADE and Charles Schwab, there is an app for every type of investor. When choosing an investment app, it’s important to consider your investment goals, experience level, and budget. Whether you’re just starting to invest, or are looking to grow and manage your portfolio, these seven investment apps offer a range of options to help you reach your financial goals.
