It’s easier than ever to get involved in the investment market, thanks to the variety of tools available out there that can make the process simple and straightforward. There are a number of investment apps that can assist the typical investor in a number of ways, and it’s important to familiarize oneself with them thoroughly.
1) Robinhood
By far one of the most popular stock trading apps, and it offers free stock trades too! In fact, the app offers trades with no commission at all, allowing up-and-coming investors to really diversify their portfolios when getting involved in the market.
2) Stash
Stash is another great tool when it comes to diversifying your portfolio. It’s a great learning tool too, giving you hints on how to best invest your money and what areas of the market to watch in particular.
3) Acorns
Acorns is similar to Stash, but more aimed at automation. It does most of the heavy lifting itself, so all you have to do is focus on what kinds of stocks you want to trade in, and keep track of what the app is doing, so you will hopefully learn its methods faster.
4) Stockpile
With stockpile, users can trade stocks in an innovative new way, purchasing small fractions of shares from pretty much any company on the market at ease. Bonus programs are available too, and the whole system works very well for people who want to spread out their investments evenly.
5) Vault
Vault is aimed at self-employed entrepreneurs trying to build up a nice retirement portfolio, something which is traditionally difficult in those situations. Vault is a nice alternative to a traditional 401(k) and it’s a great investment platform with multiple options.
6) TD Ameritrade Mobile
You’ve probably already heard the name before, as TD Ameritrade Mobile is one of the most prominent names on the market. They not only offer a solid investment platform, but also multiple tutorials and other educational materials to really get you started.
7) Clink
With Clink, you can turn your savings into an automatic investment tool that’s automatically adjusted according to how actively you’d like to pursue those investments in the first place. It works by tracking your own personal expenses, and can be adapted to a number of different spending styles.
8) Wealthfront
Last but not least, we have Wealthfront, which is perfect for people with a large volume of assets that they’d like to turn into passive income through investments. The app learns about your financial habits by studying your current accounts, and can then make informed decisions for your investments. It’s even free for up to a certain volume of investments, another great reason for beginners to check it out.
There is no shortage of ways to make your money work in today’s market, as long as you have a smartphone and the willingness to do so. Make sure that you explore your options carefully, as you’ll frequently learn about new opportunities that you may feel tempted to try out, and you should do that in a structured manner.
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