Investing can seem daunting, especially for those who are new to the world of finance. However, with the rise of investment apps, managing your portfolio and buying or selling investments has become more accessible than ever. These apps allow you to invest from anywhere, at any time, with just a few taps on your smartphone.
To help you navigate the world of investment apps, we've compiled a list of the best options out there. Our picks were based on factors such as account minimums, investment offerings, fees, mobile app ratings, and more. Here are our top choices for the best investment apps of 2021.
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ETRADE
ETRADE is a popular choice for both beginner and experienced investors. The app offers a wide range of investment options, including stocks, bonds, mutual funds, and ETFs. E*TRADE also offers a variety of tools and resources to help investors make informed decisions.
SoFi Invest
SoFi Invest is another top-rated investment app. The app offers commission-free trading for stocks, ETFs, and cryptocurrencies. SoFi Invest also offers a feature called "Stock Bits," which allows investors to buy fractional shares of popular stocks with as little as $1.
Fidelity Go
Fidelity Go is a robo-advisor app that offers professional investment management services. The app uses algorithms to create a customized investment portfolio based on your goals and risk tolerance. Fidelity Go also offers low account minimums and competitive fees.
Webull
Webull is a great investment app for beginners. The app offers commission-free trading for stocks, ETFs, and options. Webull also offers a variety of educational resources, including articles and videos, to help investors learn more about the market.
Betterment
Betterment is another popular robo-advisor app. The app offers a variety of investment portfolios based on your goals and risk tolerance. Betterment also offers tax-loss harvesting and automatic rebalancing to help maximize your returns.
TD Ameritrade
TD Ameritrade is a well-known investment app that offers a wide range of investment options, including stocks, bonds, mutual funds, and ETFs. The app also offers a variety of tools and resources, including market research and educational materials.
Robinhood
Robinhood is a popular investment app for those looking to trade stocks and ETFs. The app offers commission-free trading and allows investors to buy fractional shares of popular stocks. However, Robinhood has faced criticism for its lack of customer support and limited investment options.
Acorns
Acorns is a unique investment app that allows users to invest spare change from everyday purchases. The app rounds up your purchases to the nearest dollar and invests the difference in a customized investment portfolio. Acorns also offers a variety of educational resources to help users make informed decisions.
Stash
Stash is another investment app that offers fractional shares of popular stocks and ETFs. The app also offers a variety of educational resources, including articles and videos, to help users learn more about the market. Stash also offers a feature called "Stock-Back," which allows users to earn stock rewards for everyday purchases.
Wealthfront
Wealthfront is a robo-advisor app that offers automated investment management services. The app creates a customized investment portfolio based on your goals and risk tolerance, and offers tax-loss harvesting and automatic rebalancing. Wealthfront also offers low fees and no account minimums.
In conclusion, finding the right investment app can help you manage your portfolio and make informed investment decisions. Whether you're a beginner or an experienced investor, there's an app out there for you. Consider factors such as investment offerings, fees, and educational resources when choosing the best app for your needs.
