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.
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.
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.
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.
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