5 Apps That Make Investing Easy for Beginners
Thanks to the internet, it is easier than ever to master essential skills on your own. Investing is no exception. You may not become the next Warren Buffet, but you can take control of your financial future with these apps. They make investing simpler and more exciting for the average person.
Acorns
This is sweat-free savings. Connect the app to your credit or debit card, and Acorns will round up each transaction to the nearest dollar. Your change is then invested automatically, so you hardly have to think about it. You can also set recurring or one-time investments manually. Membership starts at $1 per month, except for students, who can sign up for free with a valid .edu email address.
Learn
Unlike the other apps on this list, Rubicoin’s Learn is purely a teaching tool. With countless of lessons, all available for free, Learn helps users figure out investment basics. The goal is to bring clarity to the notoriously convoluted topic. When you feel ready, switch over to Rubicoin’s other app, Invest, to start putting your knowledge into practice.
Robinhood
If you are short on money but want to get into investing, Robinhood is the place to start. As you may have guessed from its name, the app is all about equalizing the playing field. Robinhood believes that everyone should be able to invest. It offers free trades without any fees or commissions and features a simple interface, meant to welcome new investors and encourage learning through action.
Stash
Stash is a multifaceted app that provides users with an easy way mature as investors. You can invest in stocks and exchange-traded funds (ETFs) that have been selected based on a profile you complete when you join. It’s cheap, too. You need just $5 to get started and can set up recurring investments with the auto-Stash feature. Stash wants you to be a confident investor, putting your money toward causes you actually care about.
Twine
If you and your significant other are interested in investing together, Twine is for you. This saving-and-investing app, backed by John Hancock, is designed for couples, regardless of marital status. Through the app you can set both short- and long-term goals and start working toward them. While you can fund the account separately, you track your progress together. The cash savings feature is free, and it costs just $0.25 a month for every $500 you invest.