Invest Like a Pro with These Top 5 Beginner-Friendly Apps

Investing can be intimidating for beginners, especially if you don’t have much time, money, or knowledge to start with. But thanks to technology, there are many apps that can help you learn the basics of investing, find the best opportunities, and manage your portfolio with ease.Whether you want to invest in stocks, ETFs, mutual funds, or even cryptocurrencies, there is an app for you. In this article, we will review some of the best investment apps for beginners in 2023 and how they can help you achieve your financial goals.

Acorns Invest

Acorns is an app that lets you invest your spare change automatically. You can link your debit or credit card to the app and it will round up your purchases to the nearest dollar and invest the difference in a diversified portfolio of ETFs. You can choose from five portfolio types based on your risk tolerance and goals. Acorns also offers a robo-advisor service that creates personalized portfolios of ETFs for different goals, such as retirement, education, or home buying. You can also earn cash back from participating retailers when you shop with your linked card. Acorns charges $1 to $5 a month depending on the account type.

Download AcornsStash InvestStash is an app that helps you learn how to invest and build your own portfolio. You can start with as little as $5 and choose from hundreds of stocks and ETFs that match your interests, values, and goals. Stash also provides educational content and games to help you understand financial concepts and improve your skills. You can also set up automatic investments, create custom goals, and track your progress. Stash charges $1 to $9 a month depending on the account type.Download Stash

Ally Invest

Ally Invest is an app that offers commission-free trading of stocks, ETFs, options, and mutual funds. You can access real-time data, market news, research tools, and charts to make informed decisions. Ally Invest also has a robo-advisor service that creates customized portfolios of ETFs based on your risk profile and preferences. You can also access human advisors for guidance and support. Ally Invest has no account minimums or recurring fees for self-directed trading, but charges 0.85% annually for wealth management.

Download Ally Invest

SoFi Invest

SoFi Invest is a good option for stock trading. It offers low fees, investment options, educational resources, account flexibility, and goal building tools.

SoFi Invest is a great app for beginners who want to start investing in stocks. It offers a wide range of investment options and educational resources to help you make informed decisions about your investments. The app also offers low fees and account flexibility, making it easy to manage your investments on the go.

Charles Schwab Invest

Charles Schwab is a good app for beginners. It offers low fees, investment options, educational resources, account flexibility, and goal building tools.

Charles Schwab is a great app for beginners who want to start investing in stocks. It offers a wide range of investment options and educational resources to help you make informed decisions about your investments. The app also offers low fees and account flexibility, making it easy to manage your investments on the go.

Conclusion

Investing can be a great way to grow your wealth over time. With the right investment app, you can start investing in stocks and other assets with ease. The top 5 beginner-friendly investment apps that we have discussed in this post are SoFi Invest, Stash, Acorns, Ally Invest and Charles Schwab. These apps offer low fees, investment options, educational resources, account flexibility, and goal building tools.