Best Investment App For Beginners

best investment app for beginners

best investment app for beginners is one of the smartest things you can do with your money, but getting started can be intimidating. Thankfully, investment apps help make the process easier for beginner investors by providing low-minimum accounts and affordable fees. Many of the best investment apps for beginners also feature educational resources and planning tools to further ease new investors into the market.

For example, Acorns offers an automated investing service where you can plow your spare change into a small portfolio of ETFs based on your goals and risk tolerance. The app also has an Acorns Later feature that lets you save for retirement. Another great option is Plynk, which uses a technique called dollar-cost averaging to help you build an investing habit and lower your stress levels when it comes to market fluctuations.

Starting Strong: Choosing the Best Investment App for Beginner Investors

Other investment apps, such as Betterment, offer hands-off investing with robo-advisors that take care of managing your investments and rebalancing your portfolio. The app will ask you a series of questions to determine your risk tolerance and then select investment options that match your needs. It will charge you a 0.25 percent account management fee and has a $500 minimum investment.

TD Ameritrade investment app is a great choice for anyone who wants to learn more about stocks, bonds, and securities by trading them in a simulated environment. The app gives users a million dollars worth of fake money to play with and has helpful tutorials, an investment news feed, and educational articles.