During the initial phase of the worldwide pandemic, most were people who had more impact on their jobs and when they slowly started spending all the money they earned, they turned to digital methods to earn money and increase their wealth. That’s why bitcoin has become the king of cryptocurrencies this year and it is the best crypto investment for beginners.
In today’s digital age with the growing and growing need for tasks that can be done from home, an investment application can play an important role in everyone’s life. Whenever you invest, you should always keep in mind that each return on investment depends on the market conditions. So whenever you are thinking of investing, you must do a proper study of the market trends. If you have recently entered the digital world, then today in this article, we will list some of the best investment apps in which you can invest easily. Below are some of the best-going investment applications for beginners.
1. Acorns
This app is one of the best-going investment applications for beginners. This is an app in which you can save more of your savings and want to invest without thinking about it. This app is especially useful. You can swimly pair this app with your credit or debit card. Also you can add funds to your own investment account to complete the purchase. Through this app you can invest in ETFs and stocks in some fractional stocks. There are three tiers you can add additional accounts at a premium rate, including Lite, Personal and Family users. Other key features of this app are the option for a family spending account, which costs around $1 to $5 per month depending on the account type, five portfolio types, no investment minimum and 24 in phone or live chat Hourly customer support is provided.
2. Stash
If you want to learn how to invest fast then this app can play the best role for you. This app can combine educational material and games for a better understanding of financial topics as well as complete information about them. You can customise goals based on what they focus on as well as easily track your progress actively. Through this app, you can also work with value-based investment proposals as well as get tons of tips for building a portfolio from this app. Stash is known therefore between different things, no inaction fees, around $5 investment minimum, educational support in addition to the alternative to invest in stocks and ETFs.
3. Ally
If you are penchant in bonds and stocks then this investment app can be a superior alternative for you. Through this app, you can trade anywhere, anytime as real-time data is integrated through this app. Ally Invest also gives you access to ETFs, bonds and mutual funds. Adding this app to the trading platform does not require additional downloads and there is no minimum investment of any kind. Additional features in this app include no non-existent fees on trades on options and eligible stocks, any transaction fees based on investment type, and additional access to web browser-based options and options pricing calculators.
4. Robinhood
It has emerged as an app that has gained popularity for offering stock trading without any fees or commissions. This app made starting a stock portfolio very attractive for first-time investors. Despite this Robinhood is still out there for some reason. The very first feature of this application is that it can allow its users to trade crypto without any charges. This app does not involve any account minimum and does not receive any inactivity fees. Its user-friendly interface has also enabled it to differentiate itself from other web-based trading platforms.
