Top 5 Investment Apps
In a previous article, we did a thorough comparison of two top investment apps, Robinhood and Fidelity. Here, we’ve prepared a brief overview of some top investment apps depending on what kind of experience you’re looking for.
Investr- Best for learning about investing
Investr is what you get when you combine learning, investing, and community. This app is designed to give beginner investors a way to get into stocks with the help of gaming. Using a fantasy stock game, users can assist in managing a $200 billion virtual portfolio, while gaining access to investors’ thoughts on stocks and other investments.
Wealthbase- Best app for beginners
Wealthbase may be the most user-friendly investing app to hit the market. A user can set up games with friends to last a specified amount of time, with daily updates of who is winning. There is even an option to engage in a bit of healthy competition and trash talk. The app runs smoothly with little to no delays, and you can even trade crypto in the simulation.
Acorns- Best investment app for those who save
Link a debit or credit card to your account, and Acorns will round up the total on purchases to the next dollar and invest that difference into one of a few ETF portfolios. Acorns chooses your portfolio based on the targeted time until your retirement, becoming more conservative as you near that age. You can even roll over an existing 401(k) or IRA.
Betterment- Best app for socially responsible investors
Betterment provides professionally managed portfolios using a selection of ETFs and is calibrated against a tolerance risk that you’ve set. Betterment can create socially responsible portfolios, including those that focus on climate change or social impact. Depending on the level of risk a user is willing to take, Betterment can find investments with potentially higher return over the long run, or a safer portfolio.
Robinhood- Best investment app for smooth trading
Robinhood allows you to trade stocks, ETFs, options, and cryptocurrency all for free with a mobile interface that makes smooth work of it all. The app is simple to navigate with access to a stock’s page using a search bar at the top right of the screen to pull up charts and vital statistics. Another useful feature includes a feed that collects stories from news and investing sites to allow the user to keep up with the latest stocks. Users of the app get instant delivery of the first $1,000 of any funds you deposit to the account, so you can start trading immediately.