Our Picks For The Top 5 Investment Apps in 2018
The world of investment has always been seen as a deeply intricate and confusing one, a market that can only be understood through extensive research and experience. While this still holds true to some extent, investing has become much more accessible thanks to technological advancements.
Before, you needed a broker to make your investments for you. Today, however, all you have to do is pick up your phone and tap on it a few times. This means- you no longer have to pay a heavy sum as a fee to be able to invest your money. Investment apps have been growing extremely popular among beginner investors, and even expert investors have been using apps to diversify their portfolio.
If you want to start trading in the stock market, or if you are a long-time investor who wants to harness the power of investment apps, consider these listed below. They are among the most popular and most trusted investment apps in 2018.
Robinhood allows investors to stock trades for free, meaning that you do not have to pay a commission fee at all. All you have to do is download the app, connect to your bank account, and you can start trading stocks for free. Apart from its user-friendly interface, the investment app also comes with a basic research tool to help you make informed decisions. If you upgrade to Robinhood Gold for a fee, then you have more trading hours and a margin account.
TD Ameritrade is a trusted and well-established name in the stock market. The brokerage has come up with an investment app that can be downloaded on both Android and iOS phones, free of cost. There is no minimum deposit you have to make to open an account; however, you will have to pay $6.95 as a trading fee. The app also offers investors with loads of research and information tools as well as portfolio analysis so you can make informed trading choices.
Acorns is an automated investing app, which means that your funds are invested automatically in one among five Exchange Trade Funds (ETF) portfolios which are all managed professionally. You will have to link either your debit or credit card, and every time you make a transaction, Acorns rounds up the amount to the next dollar and invests the “spare change” or the difference between the actual amount to be paid and the amount you pay.
Stash is a great investment app because it has all the right tools and features you need to learn more about stock investment, thereby helping you make the right decisions. The informative content is personalized as per your investment preferences, while the “auto-Stash” plan allows you to add funds any time you want or set recurring investments.
Like Robinhood, there is no commission fee for M1 Finance, allowing you high returns. This is a great tool if you want to diversify your investment portfolio with stocks and ETFs without having to pay for anything.
So, there you have it. Those are our picks for the 5 best investment apps of 2018.