As technology moves forward, there are more ways to learn about investment than ever. No matter if you have already gained experience in the domain or you’re just looking forward to increasing your income, choosing the right app increases your chances of success.
Of course, asking for the help of a professional in the domain is always a good option. Until then, however, studying apps is a great way of gaining new, useful information.
Best App for Free Stock Trades: Robinhood
As you already know, the legend of Robin Hood tells the story of a man who used to steal from the rich and give to the poor. If you’re currently curious about increasing your income via the stock market, Robinhood is a great start.
What’s great about this app is that it offers free stock trades. And by ‘free’ we don’t mean ‘free until some point,’ but free as in they offer zero commission for what they’re offering. You can study the app features and, if you want to find out more, you can upgrade to Robinhood Gold for a small fee.
Best App for Automated Investing: Acorns
If you don’t feel like spending too much time into investing at the moment, Acorns will do it for you. After you link your debit/credit card to the app, it will automatically round up your transactions to the next dollar and invest the ‘spare change’ you would’ve received if you paid cash.
Right now, if your account has a balance of up to $5,000, you will be required to pay just $1 per month. Meanwhile, accounts with a balance over $5,000 pay a competitive 0.25% fee. Also, if you are a college student, you can use it entirely for free.
Acorns is a great way of earning some extra cash without doing nearly anything at all, so you can give it a try.
Best App to Learn About Investing: Stash
Let’s say you’re not ready to invest in anything before knowing exactly how things are going. However, let’s be honest: who has enough time for long courses, dozens of books and expert strategy research just to get started?
Stash is a very interactive app that offers the answer to some of the most important questions regarding investing. You can customize the app according to your investment areas of interest, study values-driven portfolios on popular themes or just create your own.