Investing seems exclusive for wealthy people, but it's a half-truth. Sponsoring apps allow individuals to enter the stock market with a small amount. Such micro-investing Programs provide the opportunity to invest securely and earn a decent sum on that amount in the long term. Here, we cut the noise for you and selected the ten best investing apps.
Betterment
This American Financial advisory company helps people manage their cash and allows them to acquire digital assets. With diversified portfolios and easy access, betterment is a haven for individuals ready to enter the market. Betterment's portfolio consists of low-cost ETFs suitable for someone just starting. Luckily, betterment has no minimum requirement for capital and only has a 0.25% annual account fee.
Acorns
Everyone wants to put their saved money to work as money attracts money. That is why people seek automated algorithm-driven wealth management services. Acorns is one of them. We included it in our list because it allows inexperienced investors to start with a bite-sized amount. Investors can link their debit card or credit with Acorns, so it deducts the balance when a purchase is made.
Robinhood
Everyone must have heard of this fantastic service, the best in the league. This was the first company not to charge users a commission for buying or selling stocks. Individuals can easily trade Crypto, Options, ETFs, and stocks. However, Robinhood does not allow mutual funds and bonds. You may need to use another program to diversify your portfolio. Investing with Robinhood is easy. You have to be 18+ to open an account, and you can dive into the funding pool.
Webull
Webull is a holding company headquartered in New York. Like Robinhood, it offers commission-free trading of stocks, Cryptos, ETFs, and Options. Without any minimum requirement, this program attracts novice traders. It currently runs IRAs so users can manage their retirement funds and stocks. To invest with Webull, you have to follow a few easy steps. First, open a Webull account; logging in to that account has been easy so far. After that, fund your account with wire transfer or microdeposits. Lastly, place the order. Here you go.
SoFi
This automated personal finance application is perfect for beginner and cost-conscious traders. You can start venturing with SoFi for as low as $5, making it easier for everyone to get started. SoFi offers free access to financial advisors and also free portfolio management. Like Webull, you must open an account ( Brokerage account ), determine your budget, research the stocks, and place the order.
Charles Schwab
Interestingly, this old stuffy firm steals the spot on the list of top financing companies. Thanks to its user-friendly interface and wide selection of Portfolios with helpful research guides. Charles Schwab has an excellent promo service for newcomers. When you open the account, you will win a free stock of $101. Everyone can easily invest in this platform. You must open an online brokerage account, which only takes ten minutes, and with its biometric security and ATM fee rebates, the application is relatively reliable.
WealthyHood
This funding platform emerged mainly in the UK and caught beginner traders' attention. It stands high in the competition due to its simple investment process and features that resonate with those just starting. It has diverse investment choices such as Stocks, ETFs, Fractional shares, and more. WealthyHood basic plan is free, and you can start with a minimum investment of 1 pound.
Fidelity
This other firm has been around in the staking realm for decades. Despite its age, Fidelity still managed to be in the game. It has a broad selection of 4300 mutual funds. And if you deposit $50 in Fidelity, you will get a fantastic promo of $150. To participate, choose the account type and figure out what you are investing for. Open the account, invest the funds, and relax. Fidelity's watchlists and alerts are helpful for potential risks and investment opportunities.
Wealthify
For ethical investments, the perfect opportunity would be to choose Wealthify as your best option with a 0.7% starting fee. Beginners can invest with as little as they would like or go as high as they can with this app with monthly build-up plans and solid upward financial streaks. It is a user-friendly application with diverse professional management and uses trained professionals who invest according to your desires.
Stash
Narrowed-down investment options make Stash the most reliable application for micro-investment purposes. It also stratifies users' shares into fractions and invests them wisely to secure the invested money and gradually increase income streams over shorter periods. Stash could benefit retirement plans and job holders to save extra money for their children and a brighter future with little to no worries.
Does “Male-Privilege” Exist? Here Are 10 Reasons Perhaps Not
The men and women of Reddit share what they believe are the worst things about being a man.
Ready to make your first budget?
Enter your email and get the free template
10 Red Flags That Say “Don't Date Me, Run!”
The Reddit community compiled a list of red flags in both men and women that should be avoided.
These 15 Trashy Actions Make People Lose Respect For You
Respect is an integral part of a relationship, whether personal or professional. If someone steals credit for your hard work or points the finger at you for your mistakes, would you look up to them? Certain things people do can make others lose their admiration for them.
Relationship Buzzkills: 10 Things Men Can't Stand Hearing from Women
Some phrases are overused. Some are just plain annoying. The men of Reddit have come together to share what phrases they hate hearing from women the most.
10 Undesirable Traits That Instantly Kill a Woman’s Interest a Man
Relationships are complex when mutual interest and attraction are at risk. Some actions can kill the spark, whether from a man or a woman. People should understand what can turn off the spark of a relationship. Certain factors about men disappoint women, from signs of disrespect to habits that break trust or closeness, lying, or over-possessiveness.
How I make $11,000 per year renting out my spare rooms?
Get access to my FREE guide now.