The Top 5 BEST Investing Apps
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The Top 5 BEST Investing Apps
Welcome to FrankLegend.com where we review great content that has gone viral. Today we will learn about which apps are the best for investing for your future.
1. Robinhood Investment App
Is a stock trading app that allows you to trade stocks, efts, and even cryptocurrencies completely FREE. Although, this app is NOT perfect, some downsides being no dividend re-invest, no retirement accounts, and customer service is lacking in the event you have any issues. Wouldn’t recommend trading with a HUGE amount of money if you’re going to be using this.
2. M1 Finance
M1 Finance is an investment app with no fees. Using M1 Finance will allow you to buy fractional shares and trade with those. Another benefit with this is that they allow dividend re-investing, which allows you to continually purchase more stocks with the money those stocks generate. Downside here, is that it’s not really the ideal platform for DAY TRADING stocks, because they don’t allow you to buy and sell a stock within the same day.
3. Acorns Investing
Acorns is an an app that helps automate your investing. They let you invest the spare change from what you spend, and you can just “round up” every single purchase to the nearest dollar to invest the difference. The downside is that the $1 per month charge heavily eats into your profit if you only happen to have a few hundred dollars invested.
4. WeBull
Similar to Robinhood in the sense that it’s a free stock trading app, you can buy and sell stocks with zero commissions. But WeBull is better with their charts, WeBull offers a lot more with their analytics. While it may take a little bit more time to figure out how to navigate the app and their charts, it is still highly recommended.
5. Fidelity Investing
If you’re looking to invest in your own index funds, this is your ideal app. This app allows you to invest without any minimums, without any fees, into many of their completely free index funds, which mean its all free. HOWEVER, this is not good to use if you’re looking to buy and sell individual stocks, because they will charge you a $4.95 commission per trade.
Final Thoughts
Investing for your future should always be a top priority, No one is stopping you and no one will always be there to motivate you either. You must put in the effort and work so that you can have a better life later on.
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Victor Paredes
Victor Paredes is a contributor at FrankLegend.com and is based in Brooklyn. For inquiries reach out via email at victorhugoparedesx@gmail.com
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