Start investing now! 5 ethically correct investment apps for you
Investing is inevitably the smartest way to make use of your extra money. Even a small amount of money can gradually build great wealth after the expiration period and increase your net worth. So, never miss an opportunity to put your hard-earned money into fruitful investments and today, with mobile technology, you can start investing instantly. There are many investment apps that earn more returns with less savings in an ethically correct manner. Also, many applications are emerging from the raw concepts of finance, trading, and stock market and help interested investors to enjoy real stock market investments.
Here is a list of some popular and principle-based investing apps for new age traders and investors and of course everyday people to start improving their wealth portfolios.
Robin Hood
If there is an application that allows users to start getting involved in the investment game with the need of a large amount of money, it is Robinhood. With it, users can buy and trade US-listed stocks as well as ETFs without paying any commission. Therefore, it is very different and better than any other broker that charges $10 for each purchase.
Booking
In addition to an investment-focused app, Stash offers an educational guide for newbies on how to tactfully save money for higher returns. It provides a rule book to users on how to improve and manage their wealth portfolio. Fractional shares, minimum account balances and value-based investments are some of its main features.
acorns
Acorns is the best option for those who want to contribute on a regular basis rather than one-time lump sum investments. Users just need to link their debit or credit cards and round each transaction up to the nearest dollar and invest the extra or “spare change.” He spends them on the most profitable and well-managed ETF portfolios. Account fees are also minimal, i.e. $1 per month for a balance of less than $5,000. Therefore, Acorns helps you save a lot with a small amount of dollars and sometimes with a fraction of a dollar.
Bookings
It comes with a unique approach for eager stock market players to buy and sell stocks. Users can purchase fractional shares of any listed organization or company through the app. With no monthly fees, it offers 1,000 investment options including ETFs and individual stocks. Specially designed to encourage young people to get involved in the stock market game, Stockpile makes it easy to gift shares and transfer a basket of shares to someone else’s account.
M1 Finance
One of the best apps that allows beginners to create a portfolio to start trading for free. Users can create and maintain an active portfolio of stocks and ETFs. While users can create a diversified portfolio or “custom pie” for themselves through M1 Finance, they can also get fractional shares with it.
Conventionally, to enjoy investing, you need a broker or at least a financial advisor to invest your hard-earned dollars wisely. So nothing beats having one of these apps that offer a constant approach to investments and stock trading with or without minimum fees.
If you are interested in the app business, try to come up with such an investment app idea that will help beginners, adults, and retirees allocate their cash flow wisely and grow their wealth over time.