Best Investment Apps for 2020
These top investing apps make the daunting task of reading stock market essentials and cashing in on split-second windows of money-making a profitable experience.
Robinhood – Best Investment App for Newbies
This investment app tops the charts especially amongst beginners flirting with the idea of putting their money to play. Invest in stocks, options as well as in cryptocurrencies. It is free to sign-up with the user being awarded a free stock upon registration. Refer a friend, whose successful conversion as a registered user will earn you another stock. Keep at it and you can earn as much as $500 in free stock by simply referring and growing the app.
Acorns – Best Investment App for Part-Timers
Acorns is best suited to people who have a basic understanding of the capital markets. This investment app targets that penny-change lying idle in your savings account. On downloading, users link their bank accounts to the app and answer a few questions. As you use the card linked to that account for everyday purchases Acorns rounds-up the money to the nearest dollar and keeps a track until the sum total of those come up to $5. It is then that this investment app invests the money into ETFs, Exchange Traded Funds.
Stash – Best Investment App for DIY Investors
For lone wolves or contrarian investors whose investment decisions are based on weeks of research, Stash is the perfect investment app. It lets you automate amounts that’ll be invested weekly/monthly to either individual stocks or the 150 ETFs which Stash associates with. The app recommends guides to further embolden your financial know-how.
Charles Schwab – Best Investment App for a Banking
Charles Schab is a multi-functional banking-cum-investment app. Authenticated customers can deposit checks, transfer money and make investments, all with the same user interface. Not just android and iOS, but you can even log in to your Amazon Fire devices to manage portfolio via this investment app.
Trade Hero – Best Investment App for Students
Yes, there is one for this audience as well. Trade Hero is a market simulator mimicking financial markets in real-time and allowing gamers to stake $100,000 virtual money
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