Top 7 Best Investment Apps in 2020

Ever heard of a few investment success stories, like how a few people risked a bit of money and came back rich? This is what got me writing the Top 7 Best Investment Apps in 2020.

Investing money is a complex task filled with important decisions. Even with its surging popularity, investments can get risky. If you aren’t careful, you’ll end up losing everything.

Don’t feel discouraged, it’s possible to succeed with the right tools and the best investment apps.

Sometimes it’s always wise to consider your investment options such as SoFi which can help you make the right choices and proceed with some sage investment options that are good for you.

With this guide, you’ll find the best investment apps around. Read on and find out how these applications simplify the process:

Top 7 Best Investment Apps in 2020

1. Acorns

This application is one of the older finance apps, but its ease of use keeps it popular. After setting up the app, you need not pay much attention to it. After linking your debit or credit card to your account, Acorns will do its work for you.

You can join Acorns Invest by paying a $1 monthly fee. To take your investments to the next level, pay an additional $1 monthly with Acorns Later. This is your IRA (individual retirement account), and it comes in three versions: SEP, Roth, and traditional.

Do you have an existing IRA or 401(k)? If so, you can roll them over to Acorns Later. This will pick your portfolio depending on your target time until your retirement. It means as you approach 60, it becomes more conservative.

Are you looking for an FDIC-protected checking account? If so, Acorns Spend allows you to get a debit card and other features. All you need is to add another dollar per month. One of the great Investment Apps in 2020.

2. Robinhood

This is the app if you aren’t fond of trading commissions. The app allows stock trading, as well as ETFs and cryptocurrency. It’s free and convenient since its mobile interface is slick, making your work smooth.

The app has simple navigation since it’s stripped down. It enables you to move from one screen to another intuitively as you trade the market. Accessing a stock’s page is as easy as using the search bar at the top of your screen.

Upon doing so, you’ll pull up some charts and other important statistics. It also has a feed featuring aggregates stories from various news outlets and investing websites. This enables you to know the latest developments concerning finances and investments.

After deciding your trade, enter your desired number of shares. Whether you’re buying or selling, swipe it up once you’re done to send the order. It also allows you to instantly transfer $1,000 of the deposited funds to your account, enabling you to trade as soon as possible.

3. Wealthbase

This is one of the newer competitors in the stock market industry. That’s why it’s also considered as the most user-friendly investment app when you want to have fun and pick stocks. You can set up games with your friends, lasting for as long as you desire.

What makes Wealthbase unique is its integration of social media and stock picking. In this application, you’ll see your friends picking their stocks through their feed. That’s why you’ll determine which of your friends are winning.

Today, with over 3.8 billion active social media users, having an investment app with this capability helps expand your network. The best part is that the app has a smooth run, with almost no loading delays. It’s a fun app to be in, even when you aren’t a major stock-picker.

4. Betterment

This is one of the more recent apps in the market, Betterment remains one of the most popular and best investment apps. It gives you professionally managed portfolios, with wide selections of ETFs. The app makes adjustments based on how tolerant you are of risks.

If you’re willing to take on more, the app has the means of finding higher returns. You also have the option of playing safe. Regardless, Betterment does the rest of the work after you finish setting it up.

Betterment is also cheaper than paying for traditional financial advisers. The basic account’s management fee equates to 0.25%. It means each year you need only pay $25 for every $10,000 you invested.

5. Stockpile

This is a great app since you can buy companies’ fractional shares. It means when you have no means of paying an expensive tech stock, you can buy 50% or less instead. The app charges 99 cents per trade, but it has no monthly fees.

With Stockpile, you can give gift cards redeemable for stock. Use this to get your younger relative to invest without the boring details. The best part is you need not make an account to send these gifts.

This app enables you to track your investments in real-time. If you’re giving it to children, you can limit their stock trades to an approved list. It also has a wish list feature, allowing you to see what stocks they want to invest in.

Is your child more artistically-inclined? If so, check out these simple drawing apps for the macOS. The best investment apps in 2020.

6. Invstr

This app mixes learning, real-life investing, and community. Its design enables beginners to have a solid way of getting into stocks. It’s fun since it has a fantasy stock game allowing you to simulate stock investment and get insights.

This fantasy game gives you $1 million virtual money. A good place to outsource ideas is the app’s news feed and social network. But it’s not for the sole sake of learning since top performers win real cash monthly.

Are you looking for real-life stakes? Get fractional shares at $0.99 for each trade and $2.99 for whole shares.

One of the Top 7 Best Investment Apps in 2020.

7. Stash

Stash enables you to pick individual stocks and funds for your portfolio. It’s a departure from apps that let you enter their curated list of risk-appropriate investments. You can pick various investments, from niche interests, charity, and sensible ones.

If you have limited funds, worry not: Stash only requires a $1 initial investment. You can adjust the automatic recurring deposits into your account.

It’s a great way to save for the purchasing of a new car.

Get the Best Investment Apps Today!

These are the best investment apps you can use to grow. If you want to secure your future, these are perfect tools for the task.

Is this guide helpful in your investment efforts? Read our other posts and learn more financial tips and tricks. We have more than the top 7 best investment apps for 2020.

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