Investing can be a daunting task, especially for beginners who are unsure of where to start. Fortunately, technology has made it easier than ever to invest in the stock market, real estate, and other asset classes through mobile apps. After analyzing hundreds of data points and conducting rigorous app trials, Forbes Advisor has determined the best investment apps for beginners in 2022.
Investment apps allow you to manage your portfolio and buy or sell investments via mobile app. Here are NerdWallet's picks for the best investment apps:
- Robinhood - Best for no fees and flexible investment options
- Acorns - Best for automatic investing and saving
- Stash - Best for beginner investors and education
- TD Ameritrade - Best for advanced investors and research
- E*TRADE - Best for mobile trading and options trading
Beginner investors looking for a place to start can check out these user-friendly apps. Robinhood, for example, offers a simple interface that allows users to buy and sell stocks, options, and cryptocurrencies with no fees. Acorns, on the other hand, automatically invests spare change from everyday purchases into a diversified portfolio of stocks and bonds.
The best investment apps for beginners make it easy to get started and have no fees to open an account. Here's how to find the right app for you:
- Determine your investment goals and risk tolerance.
- Research different investment apps and their features.
- Check for fees and account minimums.
- Read reviews and ratings from other users.
- Test out the app with a small investment before committing larger funds.
It's never been easier for new investors to get in on the action. Check out our favorite investment apps for beginners in 2022:
- Robinhood - Ticker: HOOD
- Acorns - Ticker: Private
- Stash - Ticker: Private
- TD Ameritrade - Ticker: AMTD
- E*TRADE - Ticker: ETFC
If you're unsure how to start investing, using an app with a simple interface that delivers straightforward advice can help you save and grow your money. Stash, for instance, offers personalized investment guidance based on your interests and goals. TD Ameritrade, on the other hand, provides a wealth of research and education resources to help you make informed investment decisions.
Bottom line: Robinhood is one of the best investment apps for DIY traders who value low fees and flexible investment options. However, it's important to do your own research and choose an app that aligns with your investment goals and risk tolerance.
Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, such as budgeting and bill tracking, as well as help you grow your wealth through investment accounts. Some popular finance apps that include investment features include Mint, Personal Capital, and Betterment.
From mutual fund managing with Fidelity to real estate investing with Roofstock, these best investment apps and platforms of 2022 can help you diversify your portfolio and achieve your financial goals. Whether you're a seasoned investor or just starting out, there's an investment app out there that's right for you.
