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The 12 Finest Investing Apps for Novices in 2021

When it comes to taking control of your financial future, investing is a way to diversify your income and grow your wealth. However, if you're new to investing, figuring out how best to get started can be daunting. Thanks to technology, investing is now becoming more accessible to the masses and almost anyone can get started with a mobile app. We've rounded up the 12 best beginner investing apps to help you diversify your portfolio and learn on the go.

When investing, keep in mind that all investments have their own risk and return expectations. It is advisable to diversify your portfolio to reduce the risk associated with investing. Chris Rawley, CEO of Harvest Returns, states, “Diversification helps manage the overall risk of a portfolio and protect returns from market volatility, economic uncertainty and inflation.” Try diversifying your investments and use this investment calculator to work out your financial Projecting success.

1. SoFi Invest

Apple Store Rating: 4.8 out of 5 stars | Google Play Rating: 4.1 out of 5 stars

SoFi Invest is one of the best investment apps in the Apple Store and is suitable for all levels of experience. Beginners can easily opt for automated investing and let SoFis investors build their wealth for you. For beginners, you also have the freedom to diversify your own portfolio by choosing between crypto, stocks or exchange traded funds (ETFs). With SoFi’s great deals, all you need is $ 1 to trade with no commissions.

Properties:

Fees: None
Commissions: None
Minimum balance: none

Advantages:

User-friendly platform
Affordable trading
Partial stock options
Free financial planning

Disadvantage:

Limited investment options

2. Improvement

Apple Store Rating: 4.8 out of 5 stars | Google Play Rating: 4.6 out of 5 stars

If you want an investing app that can help you achieve your goals, start with Betterment. This app is great for beginners as it will take care of everything from managing your money to investing, trading and realigning your portfolio. The only caveat is that Betterment will do it all for you if you're willing to spend a little extra on it. You can choose between two investment plans: Digital (0.25 percent of your credit) and Premium (0.4 percent of your credit).

Properties:

Fees: Annual fees of 0.25 percent or 0.4 percent of your balance, various fund fees
Commissions: None
Minimum Balance: None for Digital, $ 100,000 for Premium

Advantages:

Hands-off investment
Goal-oriented platform

Disadvantage:

Annual consultation fees (high for large balances)
High minimum balance for Premium plan

3. Charles Schwab

Apple Store Rating: 4.8 out of 5 stars | Google Play Rating: 3.1 stars out of 5

Investing in Schwab Mobile is a great option for beginners who want to learn and use their knowledge. Schwab's free and extensive research offering includes real-time news, a quarterly magazine, researched reports and expert quotes. The platform also has a variety of affordable funds to invest in. As you improve your skills, you can use the mobile app to trade and monitor your positions 24/7, as well as customize your investment experience with alerts, summaries and notifications. The app earns bonus points with beginners for a minimum balance of zero and no annual or inactivity fees.

Properties:

Fees: None
Commissions: None
Minimum balance: none

Advantages:

Great investment choice
Extensive research offer
No fees or minimum fees
Biometric security

Disadvantage:

Small cash sweep rate for uninvested funds

buy-stock-house-market-warren-buffet

4. Acorns

Apple Store Rating: 4.7 out of 5 stars | Google Play Rating: 4.4 out of 5 stars

DebtHammer founder Jake Hill says, "Even if you don't have to invest a lot, make sure you put it in different locations. Whatever you can afford without putting a strain on your finances." Acorns does the investing with everything you have simply by automatically investing your change. Users can set up an account in less than five minutes and with microinvestment automation at pricing plans of $ 1 (lite), $ 3 (personal), or $ 5 ( Family) per month. Depending on your plan, you can invest your change, save for retirement, or even open an investment account for your children. Beginners can start investing without thinking about it or managing it, and a team of advisors is on hand Available to you when you ever need them.

Properties:

Fees: $ 1 to $ 5 per month
Commissions: None
Minimum balance: None to open, $ 5 to invest

Advantages:

Automatically invests change from purchases
Built-in robo-advisor
Education and investment support
Cashback at selected retailers

Disadvantage:

High monthly fees compared to small account balances
Small portfolio
You cannot create your own portfolio

5. Hide

Apple Store Rating: 4.7 out of 5 stars | Google Play Rating: 3.9 out of 5 stars

Focused on making investing easier for ordinary people, Stash is another option for beginners to grow their wealth. The Stash Beginner Plan lets you invest in fractional stocks for the long term for $ 1 per month and move up to Stash Growth ($ 3 per month) or Stash + ($ 9 per month) whenever you want to do more than that. They provide a great learning center with expanded posts teaching you about investing and keeping you updated on money news.

Properties:

Fees: $ 1 to $ 9 per month
Commissions: None
Minimum balance: none

Advantages:

Educational resources
Personal advice
Automated investing

Disadvantage:

High monthly fees compared to your account balance
Only four trading windows

6. Stock

Apple Store Rating: 4.7 out of 5 stars | Google Play Rating: 4.2 stars out of 5

With Stockpile, beginners can invest from as little as $ 5. This trading platform allows you to purchase fractional shares in any dollar amount or gift stock ownership for any amount with a gift card. You can choose from a wide range of stocks and ETFs and only pay the small commission of 99 cents per trade without any account fees. Stockpile allows you to start investing what you have and learn as you start with mini lessons that guide you.

Properties:

Fees: None
Commissions: 99 cents per trade
Minimum balance: none

Advantages:

Redeemable gift cards
Fractions
Educational resources

Disadvantage:

No real-time trading
Commission for every trade

bitcoin-fortunes-market-volatility-richard-branson

7. Public

Apple Store Rating: 4.7 out of 5 stars | Google Play Rating: 4 out of 5 stars

If you love social media and want to invest, Public might be the app for you. With Public, beginners can buy fractional stocks of their favorite companies for any amount of money they choose, free of commission. Beginners benefit from the social nature of the public by learning and community with it. By following other investors on the app, you can see what everyone else is investing in, learn from them, join group news and share your own experiences.

Properties:

Fees: None
Commissions: None
Minimum balance: none

Advantages:

Social component
Referral program
Fractions
No fees or commissions

Disadvantage:

Small investment choice

8. Invstr

Apple Store Rating: 4.6 out of 5 stars | Google Play Rating: 4.3 stars out of 5

Beginners can practice investing before using the Invstr app for real money. The app can be downloaded for free and after registration you will learn with lessons from the Invstr Academy. Put your newfound knowledge to the test by practicing with fellow Fantasy Finance League community members and winning prizes. After you gain experience and some confidence, you can invest in fractional stocks with just $ 1.

Properties:

Fees: Up to $ 3.99 per month, withdrawal and deposit fees
Commissions: $ 2.99 per full trade, 99 cents per fraction of the trade
Minimum Balance: None, but $ 25,000 for daily trading

Advantages:

Practice investing without risking your money
Educational resources
Large community of investors
Portfolio and performance insights

Disadvantage:

Limited number of trades per day (unlimited with subscription)
Can only invest in US stocks
Lots of fees

9. M1 finance

Apple Store Rating: 4.6 out of 5 stars | Google Play Rating: 4.3 stars out of 5

M1 Finance is an investment platform that offers a lot of flexibility for beginners. You can choose from ready-made expert portfolios or develop your own investment strategy by creating a customized portfolio for free. You will also benefit from automated posts and account realignments. Enjoy the flexibility of this app for free, but be aware of other fees and a minimum account balance of $ 100 before you begin.

Properties:

Fees: No annual or monthly fees, just an inactivity fee of $ 20 and others
Commissions: None
Minimum balance: $ 100 to $ 500

Advantages:

Adaptability
Automated investing
Fractions

Disadvantage:

Minimum account balance of USD 100
Inactivity fee
Tomorrow trading window for free accounts only

10. TD Ameritrade

Apple Store Rating: 4.5 out of 5 stars | Google Play Rating: 2.9 out of 5 stars

This award-winning trading platform is a great mobile investment option for both novice and active traders. With no minimum account balance and no commissions, beginners can easily get started and quickly expand their learning with videos with instructions. The TD Ameritrade app also offers free research in the form of market trend reports, charts and updates. You can also use this app to set up price notifications and receive offers in real time. As an added bonus, you can easily monitor your portfolio from a phone, tablet, or even an Apple Watch.

Properties:

Fees: None
Commissions: None for online US stocks, ETFs, and options trading (65 cents per options contract fee)
Minimum balance: none

Advantages:

Extensive research and educational offer
Great investment choice
High quality customer support
Apple Watch compatibility

Disadvantage:

No fractions of shares
Advisor Program Fee (a percentage of assets under management)

play-game-Others-Cant-Dawn-Fitzpatrick

11. E * TRADE

Apple Store Rating: 4.5 out of 5 stars | Google Play Rating: 2.2 out of 5 stars

As another popular, award-winning investment app, E * TRADE offers beginners commission-free investing with a user-friendly app interface. The app offers a wide range of investments and is compatible with mobile phones, tablets and Apple watches. Users can access real-time news, Bloomberg TV, and third-party research to stay in the market at all times. Beginners can watch a platform demo to get started and work towards a more active trader.

Properties:

Fees: None
Commissions: None for trading US stocks, ETFs, and options online

65 cents per options contract
$ 1.50 per futures contract
$ 1 per bond

Minimum balance: none

Advantages:

Great investment choice
Extensive research offer
User-friendly control panel
High quality customer support
Apple Watch compatibility

Disadvantage:

High minimum balances and fees for managed portfolios

12. Robinhood

Apple Store Rating: 4.1 out of 5 stars | Google Play Rating: 1.1 out of 5 stars

Beginners can easily get started with Robinhood and invest with no minimum balance or commission-free fees. Users can customize their portfolios, trade in real time and invest any amount thanks to fractional shares. For beginners who just want to trade stocks and ETFs, Robinhood is a solid option, and new users can get their first few stocks for free.

Properties:

Fees: None or $ 5 per month for Robinhood Gold
Commissions: None
Minimum balance: none

Advantages:

Fractions
Cryptocurrency options

Disadvantage:

No free research offers
No retirement options
No bonds or mutual funds

Whether you prefer to be a beginner with no investments or a beginner, there is a mobile investing app to get you started. Try one of these best investing apps for beginners to start making your money today. Don't forget to link your investment accounts to the Mint app to ensure that you maintain your personal budget as you make investment contributions and use the right money for a better financial future.

Mint_BestInvestingApps_IG

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