You're here because you see the value in investing. Whether it's stocks, crypto, or funds, you're eager to take that leap. And kudos to you for saving up and deciding to secure your financial future!
So, what's next?
For many beginners, choosing the right app can be daunting. But don't worry, you're not alone. We all have different preferences, needs, and aspirations. Maybe you're looking for automation, vast investment options, or just a simple platform to test the waters. We've got you covered.
We've carefully reviewed numerous apps based on a range of criteria, from user-friendliness to costs. Remember, investing is a journey.
The right app can make all the difference, and we're here to guide you. So, dive in, as we present the top picks tailored just for you.
5 Investment Apps Every Beginner Must Know
In the modern age of fintech, the right investment app can make all the difference for beginners. It’s like finding the perfect mentor guiding you at every step. Let's dive into these apps that are reshaping how newcomers perceive investing in 2023.
1. Plynk
If you're new to investing and looking for a simple way to get started, Plynk™ might be the answer. They're giving away $10 just for signing up, and if you deposit money, they'll match it up to $75. This means you could get up to $85 for free!
With Plynk™, you can start investing with as little as $1. You can buy and sell stocks, funds, and even cryptocurrencies without any extra fees.
And if you're worried about understanding the complicated terms, Plynk™ has got your back. They explain everything in simple language without confusing jargon.
Plynk™ also has a cool feature called Plynk Explore. Just answer some questions and the app will suggest stocks and funds that might be right for you. They also have lessons and courses to help you learn more about investing.
If you're thinking of trying out Plynk™, now's a great time. They have some special offers going on until October 19, 2023. Just by linking your bank account, you get a $10 bonus. And if you deposit, they'll double it up to $75, but you need to deposit at least $25 to get this offer.
So, if you're curious about investing and want an easy way to start, Plynk™ might be worth a look!
Public.com is a cool app perfect for young folks who want to invest but might be on a tight budget. Not only can you buy stocks and ETFs, but they also let you put money in unique stuff like art or sneakers.
They don’t have everything, like retirement accounts, but they’ve got a fun feature where you can see what others are investing in. Plus, they host live chats with big company bosses. You can start with just $1, buying small bits of expensive shares.
For an extra $10 a month, you get more perks like longer trading hours and deep dives into company data. And if you join now, they'll give you a little free stock.
If you're switching from another investment place, they might even pay you a bonus and cover your transfer fees up to $100. Cool, right?
If you've got a teenager keen on getting a head start with finances, then the Fidelity® Youth Account is a solid choice. Designed especially for 13 to 17-year-olds, this account is more than just a place to save money.
Teens can actually dip their toes into the investing world, dabbling with U.S. stocks, ETFs, and even Fidelity's own mutual funds. What's more, they'll get a free debit card to manage and spend their cash, with no hidden fees or minimum balances.
Worried they might spend it all? Don’t be. Fidelity offers a Youth Learning Center packed with resources to guide them towards smart money decisions. It's not a typical banking app, but it’s a fantastic starter pack for the young investor.
Betterment is a beginner-friendly investing app that picks and manages your investments for you. Instead of choosing every stock or bond yourself, you'll get a mix based on what you're looking for, like general market trends or even things like Bitcoin.
They have a special feature that can help reduce the amount of taxes you might owe on your profits by balancing them with any losses you might have.
As for the cost, it's $4 a month to start, but if you invest more, they'll charge a small percentage of your total amount instead.
Firstrade might not be as well-known as some apps, but it's great for beginners. They offer low trading fees, so you can buy and sell stocks, ETFs, and mutual funds without spending a lot. Plus, they've got around 40 types of digital currencies available.
Their mobile app is user-friendly, with features like Face ID for security. If you're new to investing, they have helpful videos and a glossary to guide you.
And here's a bonus: they give cash rewards, from $50 up to $4,000, based on your initial deposit. Switching from another platform?
Firstrade might cover your transfer fees up to $200. So, if you're just starting out, Firstrade is a solid choice.
Investing can be both exciting and daunting. The apps we've outlined are the best companions for your financial journey. They offer more than just platforms to trade; they offer education, support, and tools tailored for someone like you.
Your aspirations are valid, and with the right tools, they're achievable. So, take that leap, choose an app, and let your financial dreams take flight.
Happy investing!
