5 Recommended Mobile Apps for Baby Investors in 2025

In this article we shall be giving you Five Best Mobile Application that's suitable for newbies in investing. If you are looking for an app that helps you in making good investment, and tracking your investment, manage your investment portfolio etc then the Apps discussed below are the best for you.  

This investment apps help you with stock trading, and they also help you to track your investment in real time while teaching you more about the Market. Because of their Amazing features, they are well recognized by many investors. We are able to tag them the "best for baby investors" after comparing their features with others, the easy access to stocks and less fees to manage them. 

These apps have low sevice charge compared to others and their user interface is friendly. You can start investing with as low as $10 in some of them. This is why they're recommended for baby investors who May not have the hundreds or thousands of dollars to kickstart their investment journey. 

The Five Best Investment Apps For Baby Investors are ;

 

1. Cowrywise

Betterment is one of the most popular investment Apps. It's an automated app, with a robo- advisor that give you Investment tips. It has an expert- built stock and bond portfolio to help you grow your wealth. They have a low cost monthly fee of $4 or an annual fee of 0.25%. Due to their diversified portfolio, traders of crypto can also use their platform.

Read: How to Get a Loan from First Bank of Nigeria in 2025

2. Acorns

Second on our list is acorn. It's a beginner friendly investing app with so many features that are appealing to start up investors . It has no account minimum and with it's education resources plus it's simple interface, it would make transitioning into investment easy. Going into stock market can be frustrating without having extensive knowledge of how it works, but acorn will save you those stress. 

It has a diversified investment options, with about 7000 ETFs (exchange traded funds) which gives investors the freedom to choose the assets they want to invest in. 

If you are a baby investor who has no prior knowledge about investment, this app is for you. It's user friendly and the features are exciting. 

3. Risevest

ch as a SEP IRA, bill paying, a savings account plus a robo-advisor account and even credit card accounts, to cover the big ones. It's a very good app for beginners who wants an easy platform to invest. 

It doesn't have a minimum balance requirement, it charges no fee for Stock/ETFs trade and $0.65 per contract on options. 

It avails you the opportunity to have all your finances in order with one company on one dashboard, under your full control . It also gives you the opportunity to conduct solid research on ETFs and mutual funds plus lots of articles on budgeting, investing and personal finance and webinars, too. 

They have a good customer relationship, their help desk is a click away and someone will respond to you as fast as possible.

 This app is also good for beginners who want all their financial accounts under one roof, and enjoy being treated like a valued customer. To signup for Risevest, simply click here

Wealth Front

If you are a newbie in investing who desires a platform to invest and watch how the system manages your investment in your portfolio without additional work, then wealth Front app is for you.Wealth Front is one of the Biggest independent robo-advisors. It can manage your money whether that’s in a taxable account or an IRA for a little amount of money.

But it has Minimum balance requirement of $500 and has an annual management fee of 0.25% of all your assets.

Wealthfront is one of the best because of it effective portfolio Management strategy. It construct your portfolio by using hundreds of ETFs and takes into account your risk tolerance level and also when you will need the money. 

Any deposits you make, Wealthfront will automatically adjust your portfolio, add it and also balanced your account and keep you on target toward your goal.

It would also imterest you to know that, Wealthfront also has an attractive cash management account that grant you early access to direct-deposited paychecks and a debit card – at no cost.

 As a beginner in Investment, if all you want is an app that you can deposit money and watch it grows, then Wealthfront is for you. It manages your portfolio to help you reach your goal. The cash management account is cool, too.

5. Charles Schwab

The last but not the least, Charles Schwab is good for experts, but it’s also beginner's friendly because of all the resources it provides. Schwab helps new investors to be knowledgeable on investing and personal finances by providing alot of research and educational materials. 

Minimum balance required for a start is $0 and also has zero service fee. 

Schwab also offers you the opportunity to invest all your money in stock, rather than having your investment sitting idle. It also offers Commission-free stock and ETF trades.

With their highly responsive customer service ,your questions would be answered quickly.

Charles Schwab App is for you if you like investing with a friendly company that starts off in the right direction and then helps you along the way.

5 Benefits of Multiple Streams of Income

 

 “Money must be made”, you may have heard of this line quite a couple of times especially if you reside in Nigeria. This is used most times as motivation to get as much work done to earn as much money as possible. I am sure it is no news that money is a crucial part of our lives as individuals, corporate organizations and country at large.

Having multiple streams of income simply means not relying on just one source or job to make money. You can work 9-5 for a company, blog or start a YouTube channel, run a home based business, invest in stocks and bonds, register as a driver under Uber, Bolt and the likes, teach online or engage in several other side hustles. This is how you get money coming in for you in several forms such as wages and salary, profit, dividend etc. By wanting to have multiple streams of income,you are allowed to become jack of all trade.

I cannot tell you doing quite a number of things at once will be easy but I can tell for sure that it will turn your live around especially in the long run. Therefore, the following are five benefits of multiple streams of income.

Read: What Exactly is Investing?

1. It helps You Accumulate Wealth

One of the benefits of earning money from several sources is that it makes you accumulate wealth. When you make money from  different sources  and keep reinvesting it into several other businesses and investments, thereby making the money work for you. As the cycle continues, you are unconsciously accumulating wealth and soon enough you will have a lot of assets in your possession. Just as David Bailey said, that to get rich, you have to be making money even while you are asleep.

Read: How to Invest in Stocks

2. It Keeps You Financially Independent

Being financially independent is such a big flex and comes with confidence.It is a position where you can show up for your own financial  needs without having to involve other people. Imagine wanting to change your car, fly business class, buy an expensive art work etc and all you have to do is just swipe your credit card. This is what you get when you earn money from different consistent sources, you get to make your own financial decisions and do with your finances whatever you deem fit.

3. It allows you Live your dream life

Have you ever dreamt of living in a penthouse,going to different countries for vacation or rather you have always wanted to ride the latest car in town. No matter what the perfect picture of your dream life is, making more than enough money is your ticket to live your dreams. Therefore,  ensuring you have multiple streams of income is the perfect strategy to earn more than enough. With this, you get to save money steadily towards living your dream life. 

4. Attaining financial goals

Is one of your goals to be on Forbes list , be a billionaire or chair the board of a successful company? Whatever it is, money is an important tool to attaining your financial goals and you sure need to make a lot of them which is where having multiple streams of income comes in. You should know that most of the rich people doing great things financially are not relying on just one or two source of income. They work for their money then in several ways make their money work for them.

5. Financial security

Imagine what happens if you only depend on your monthly salary and you get fired, or there are setbacks in your business and you don’t have other means to get money. It puts you in distress and worries and sometimes even depression. But with multiple streams of income, if there’s problem with one aspect the others can cover up. You can have a main source of income and other side hustles as back up . You also get to take more risks financially and not play safe with your finances, knowing that if what you are investing in flops, you have something else to fall back on.

Conclusion

Earning from multiple streams of income is not an easy task or something that just happens overnight. You need to be devoted, consistent and patient to be able to enjoy all of these stated benefits and many more. However, no matter how eager you are to lead a better life financially, endeavor to stay away from illegitimate means of making money.

 

 

 

Emergency Fund: Why You Need One

What r

An emergency fund is the amount of money set aside to ensure that your daily activities don't come to a halt when confronted with unforeseen financial demand. Emergency funds can cater for medical bills, sudden job retrenchment, home or car repairs, etc. It also hinders you from the desperation to contact Shylock lenders to take high-interest loans or sell off your properties. 

How do you begin the journey?

1. Create a budget 

Creating a budget increases the consciousness and intentionality of how you spend your money. You cannot begin saving money from your income when you don’t have an inkling of how it's spent.

Start by documenting your weekly or monthly expenditure if you earn wages or salary as the case may be. Take into account for at least 2 earning cycles to know which expenses are important or essential (Opportunity cost) . Once this has been enumerated, you can now look for avenues to plan, curtail unnecessary spending and begin allocating some money for an emergency fund. 

2. State the emergency fund target

Peradventure you want an emergency fund to cater for 6 months,  you can create this by multiplying your total monthly important expenses by six. The product is your emergency fund target. 

3. Automate your deposits

Set up a standing instruction from your income source into your savings account. Automating deposits makes saving simple, it ensures you don’t default and makes you conscious of your emergency fund target.

4. Save your giveaways and tips 

Until you have reached your emergency fund target, save all unexpected income. Unexpected money could be attained as a tax refund, bonus, inheritance, winning a bet, cash gift, etc.

5. After reaching the target fund, continue

Situations of life are not always predictable; an unplanned expense can need more than a 6-month emergency target. For instance, being unemployed for more than six months where you’ll have wished you had more in your emergency fund.

When you have this fund what next?

1 Keep it safe

2 Make it accessible especially for emergency 

3 You can invest in short term instruments that can easily be liquidated when emergency arises.

4 They can also be kept in High yield interest deposit accounts.