Investing is an important part of apps for investing wealth. But learning to invest is intimidating for many people, especially when there’s a lot of jargon involved. Luckily, there are a lot of investment apps that take the guesswork out of investing and make it easier than ever to get started.
Some of the best investment apps for beginners include Stash, Betterment, Robinhood and SoFi Invest. Stash is designed to help newcomers ease into investing by providing educational resources and a unique feature called Stash Coach, which is both a game and a teaching tool. It also offers commission-free trading for stocks, ETFs and cryptocurrencies with no minimum balance. Betterment is one of the top-ranked robo-advisors and offers a customizable portfolio for an annual fee of just 0.25%. It also has an in-built tax-smart feature to help with IRA planning and other retirement savings goals.
Round is another great option for beginners who want an automated investing app with a built-in robo-advisor that manages the rebalancing of their portfolios. The app offers a wide selection of tradable assets and provides in-depth analysis tools to give you insights into the market trends.
Crypto Trading Made Simple: The Best Bitcoin Exchanges in the UK
Other investment apps like Charles Schwab are a good choice for beginner investors and offer a variety of services including investing, saving and borrowing. They have a great selection of investments, real-time news, a quarterly magazine and third-party research. SoFi Invest is a good all-in-one investment app for beginners and allows them to have an autonomous investing feature for their spare money, trade in cryptocurrencies and apply for a loan without having any management fees.