In 2018, the world of technology is so advanced that anyone can invest in stocks all around the world. With mobile app development investing has never been easier, but there are a lot of different investment apps to choose for and it’s all about finding the right one that benefits your personal goals. These 6 investments apps all have different benefits for all different types of investors starting from beginners to the seasoned pros wanting a new option to invest.
Robinhood: Free Stock Trades
If you want to get into stocks with minimal risk Robinhood is the best option. Named after the character who steals from the rich and gives to the poor, the Robinhood app offers free stock trades.
It’s not technically free sadly, Robinhood offers stock trading without being charged fees from the administrator. Simply download the app, connect it to your bank account and you’re ready to start. It’s a no-frills app that doesn’t spend money on enhancing the experience and having big offices, it’s a low budget organisation that passes the savings onto the users by not charging additional fees. However, Robinhood app limits its users to trading hours and margin accounts, but you can pay to upgrade for optimal use of the app, they do need to make money somewhere after all.
Acorns: Automated Investing
If you’d like to start investing but don’t really want to commit a lot of time to it, Acorns is the best option. You’re able to contribute regularly without needing to go on the app and make adjustments, simply link up your bank details and activate the “spare change” option. This option rounds up all your personal transactions to the nearest pound and uses the difference in your investments, it’s not a lot but the change from your transactions does add up, plus there ‘s the benefit of not needing to put money into your apps account so you don’t really see the money leave your bank.
It’s an affordable app to use, accounts with balances less than $5000 dollars are only charged $1 per month for use, anything over $5000 pay a competitive 0.25% fee.
Stash: The Beginners App
This app is a low-cost method to help beginners build a diverse portfolio, Stash also educates users and helps them make the best investment decisions. The content can be tailored to help you understand investing better and you can choose between value driven portfolios or customized your choices.
For those new to the world of investing or aren’t sure on all the phrases and terms used, Stash is perfect. Stash doesn’t delve into the deep research of each company that other investment companies might do, this app is to teach and add confidence to your feature investments. The App isn’t just for beginners either, you can do more exploring yourself and make a lot of money via Stash.
Vault: The Retirement App
For the self-employed you won’t have access to a regular employer’s retirement …