What do you want most nowadays? Is it saving up to buy a new home or a new car? Or maybe just want more money for gas, since it’s so ridiculously expensive right now. We don’t blame you…
Whatever the case is, when it comes to Investing, we’ve heard all the reasons why people never start and put it off for years on end.
Listen, excuses are always valid. But the only ones that suffer when you make excuses are you and your family. That’s why we’ve tried to do some heavy lifting for you to guide you in the right direction. Whether you’re a newbie or seasoned investor, it’s actually way easier and faster to succeed with some of today’s apps. On some, you can follow the top-performing traders in the app and copy everything they’ve invested in. Minimize the guesswork and learn from the best. And it doesn’t need hundreds of dollars to start. All it takes is a couple of extra bucks or some loose pocket change.
Stash: Within its DIY portfolios, Stash offers access to more than 4,000 individual stocks and ETFs.
With Stash, you can take that extra cash and invest in well-known companies like Amazon, Apple, Google, Netflix – you name it! If there’s a major Fortune 50 or Fortune 500 company out there, you can be sure that it’s available for you to invest in. Signing up takes only a few minutes. Set up your investment goals and the app can do the rest of the work for you.
Here’s what you do. Sign up for Stash and deposit some of your own money into your Personal Account. You’d be surprised at how little Stash will accept to let you open an account. Then you can start investing with that little bit of money. It’s that easy. You’d be surprised at what you can invest in, even if you only have a little bit in your account, aka fractional shares.
Stash combines the idea of DIY investing with an automated portfolio. This gives you the option to choose how involved you want to be. Often times, robo-advisors are fully hands off, which means you can’t pick any of your own investments. With Stash, you can do both!
Etoro: Social Investing To Copy Top Traders
No need for beginners to try and figure it all out on their own. This could really increase your chance of success if you are just starting out.
Etoro has been making headlines for its innovative, social investing platform. It is an innovative tool that lets users copy the trades of other investors in the platform. You can see their entire porfolio and copy any & all their trades, move by move. You can choose from the top performing traders in the platform. Or find your friends and family in the platform and copy their trades.
If you’re absolutely new to investing, this copycat method of social investing can allow you to see some early success quickly, learn from it, and then apply the same trading principles with your wins towards any new trades you might want to make. Basically, you’re not alone and you don’t have to figure it all out on your own.
Etoro is not a new app. It’s been around since 2007 and has more than 20 million active users in over 140 countries worldwide. The U.S. is one of many top countries on that list.
In the past, U.S. eToro users were only able to trade cryptocurrencies on the platform. But in 2022, Etoro began also offering its U.S. customers access to stocks, ETFs, options.
One of eToro’s added benefits of the platform is that there is virtual trading. Every eToro account comes with six-figures worth of virtual paper money. This lets you practice trading without using your own real money. This is a real advantage whether you’re a beginner or seasoned investor. It’s always good to test your hypothesis or speculation before executing real-world trades.
Robinhood: $0 Trading Fees & $0 Account Minimums. Best For Stocks & Options Trading, Mobile App Users
Robinhood has become one of the most popular investing apps in the U.S. One of the best things about Robinhood is its Cost & Fee Structure. It is a true discount broker. It has some of the lowest costs in the industry – near zero. There are zero account minimums and zero fees for trading stocks, ETFs and options. You can also trade a variety of different cryptocurrencies for free.
Since 2021, Robinhood has given users access to investing in company IPOs. In the past, when a company goes “public”, you’d only be able to invest in buying shares of that company through major financial institutions. But with Robinhood, you can invest in company IPOs, like you would with any other stock or asset class.
Robinhood’s app in one of the best in its kind. Like Public Investing, Robinhood thinks “mobile-first.” They know people are on their phones more than their laptops. So they’ve designed their app so that you can manage your entire portfolio from within your phone.
Robinhood doesn’t sell financial planning or retirement accounts or mutual funds. It’s about Options and Day Trading. That’s why a lot of the newer and younger generation investors like it. They’re more open to seeking risk. Robinhood has made Options trading become way more accessible. That’s why it’s built for mainly trading stock, cryptocurrencies and options.
Public Investing: $0 Fees For Stocks, Options & ETF Trades. No Account Minimums.
Own your own future with Public Investing. Build your own portfolio your way.
Public Investing ranks among our top 5 favorite investing apps of all time. You can get everything in one place. For stocks, options, and ETFs trading, there’s zero fees on the platform. There are also no account minimums that you have to maintain. That means you can have as much or as little in your account at all times and not get charged. This is a nice benefit for traders of all levels.
Public Investing’s Social features makes learning about investing super accessible. You can see what everyone else is invested in and how well it’s performing or not. You can create chat groups with friends, family and anybody on the platform.
Public Investing’s mobile app is one of the best of its kind. They know that everyone is on their phone first & foremost. So they’ve built the platform to be UI/UX friendly on a mobile-first experience. This includes advanced charts, reports and analysis within the app.
You can also trade certain cryptocurrencies on Public Investing. At the moment, you can trade up to 11 different ones. This may change in the future, as it seems that they are trying to add more to the platform.
Public Investing gained a lot of traction because it appeals to a broad audience. Traders of all levels are able to take advantage of all that the app has to offer.
SoFi: All-In-One Investing App. Invest, Borrow, Save & Earn Interest. Be Smarter All Around with Your Money.
SoFi is mainly known for being a leader for student loan refinancing. Its refinancing loan is best for borrowers who want plenty of benefits with their refinanced student loan. Its private loan is best for flexible repayment options and no fees.
But what many may not yet know SoFi for is its investing capabilities that are geared towards those who want to invest, but don’t have so much money to start with. In this case, it’s a wonderful platform to start with. SoFi offers a huge range of low cost ETFs that beginner investors can start with.
They also have Zero Fees for their Automated Management Tool, which for newbie investors is honestly such a blessing. This includes Automated Rebalancing and access to certified financial planners directly on the platform. That means every time money enters or leaves your account (for example, a deposit), SoFi checks your portfolio against the target allocation and rebalances it as close as possible. The automated, Robo-advisor (AI, artificial intelligence) monitors your portfolio daily to see if it’s more than 5 percentage points off-target and, if so, will adjust the portfolio back to the target.
There are zero account minimums to maintain and their customer support is one of the mostly highly rated among all other investing apps of its kind. All of this is included in your Free Account. What more could you ask for?