A Beginner's Guide - Top Investment Apps You Definitely Need To Try - PRR Computers, LLC

by Andrew Turkhurst
3 weeks ago
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When it comes to investment, there are a lot of options to choose from. You can go for traditional investment methods such as stocks and bonds, or you could try out some of the newer and more innovative options like cryptocurrency or app-based investing.

Whichever option you decide on, you must do your research first and find an investment method that best suits your needs and abilities. And with so many different investment apps available these days, it can be tough to know which ones are worth trying out.

That’s why we’ve put together this list of the top investment apps every beginner should try out. These apps are all easy to use, affordable, and most importantly, they offer great returns on your investment. So read on to learn more about each one and make an informed decision about which investment app is right for you.

Acorns

Acorn is a micro-investing app that allows users to invest small amounts of money into a portfolio of ETFs (Exchange Traded Funds). These ETFs are then automatically rebalanced and diversified based on your goals and risk tolerance. As noted in a guide to micro-investing on this website, Acorns automatically invests your spare change into a portfolio of ETFs. This means that you can begin building a well-diversified investment portfolio without having to commit a lot of money upfront.

What’s also great about Acorns is that it offers several amazing features that will help you grow your money. For example, the app has a “round-up” feature that allows you to automatically invest spare change from everyday purchases. So if you spend $3.50 on coffee, Acorns will invest $0.50 into your ETF portfolio.

With Acorns, you can start investing with as little as $5. And best of all, the app will do all the work for you. All you need to do is set up an account and link your credit or debit card. Then, whenever you make a purchase, the app will round up the cost to the nearest dollar and invest the difference into your chosen ETFs.

Robinhood

Robinhood is an app that allows you to buy and sell stocks, ETFs, and options without paying any commission fees. That’s right – with Robinhood, you can trade stocks and other investment instruments completely free of charge.

What’s more, Robinhood offers features that make it a great option for beginner investors. “Discover” feature that makes it easy to find new investment ideas. it also has an “easy to use” interface that makes buying and selling stocks a breeze. And if you’re not sure which stocks to buy or sell, Robinhood also offers recommendations based on your goals and risk tolerance.

While Robinhood does have some drawbacks – such as a lack of customer support and limited investment options – it’s still a great option for beginner investors who are looking to trade stocks without paying any commission fees.

Betterment

If you’re looking for a more traditional investing experience, then Betterment is the app for you. With Betterment, you can invest in a portfolio of ETFs that are automatically rebalanced and diversified based on your goals.

The best thing about Betterment is that it offers tax-loss harvesting – a feature that allows you to sell investments at a loss to offset capital gains taxes. This can be a great way to save money on taxes, and it’s one of the reasons why Betterment is often considered to be one of the best Robo-advisors.

Another great thing about Betterment is that it offers a wide range of features and investment options. In addition to ETFs, you can also invest in individual stocks, bonds, and mutual funds. And Depending on your goals, you can choose to invest in a portfolio that is geared towards growth or income. So whether you’re looking for a traditional investment experience or want to take advantage of tax-loss harvesting, Betterment is an app worth considering.

Stash

If you’re new to investing and want to learn more about how the stock market works, then Stash is the app for you. With Stash, you can choose from many different investment options – such as stocks, ETFs, and mutual funds – and build a personalized portfolio based on your goals and risk tolerance.

While  Stash does charge a $1 monthly fee for accounts with balances under $5,000, the app offers many features that make it worth the price. For example, Stash offers educational content – such as articles and videos – that can help you learn more about investing. In addition, the app also offers an “investment checkup” tool that allows you to see how your portfolio is performing and make changes if necessary.

So if you’re looking for an app that will not only help you invest in a variety of different assets but also teach you a thing or two about investing, then Stash is worth checking out.

While there are many different investment apps available, these are five of the best options for beginner investors. So whether you’re looking to trade stocks without paying any commission fees or want to learn more about how the stock market works, one of these apps is sure to meet your needs.

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