In today’s digital society, investing in the stock market has never been easier. You can simply use your smartphone for your investment portfolio and get the job done in a few minutes. There are a large number of online brokers that are only available through the app store or an online address. When it comes to investing your money, you’ll only want to use the very best that you can trust with your cash. You’ll still want to check OTC stock ratings to see what stocks are the best for your money, but at least you can be sure that your app is trustable. Read on to find the five best apps to use when wanting to invest in the stock market.
Robinhood has blown up as one of the best apps to use for investing money in the last few years. The millennial age group has taken to it because it’s easy to use and offers a lot. It’s a simple app that can be downloaded from the app store and then all you need to do is connect your bank and you’re ready to invest. The great thing about Robinhood is that recently they have started doing fractional shares so you don’t even have to invest in an entire stock. You can just invest in a fraction of each stock you like. Additionally, they have the option to invest in cryptocurrencies like Bitcoin and all other types. If you’re looking into investing in an app, it might be best to consider starting out with Robinhood at first and then seeing how you like it.
M1 Finance has grown in popularity over the years and now it is one of the front runners for the best app brokers for investing. M1 started out giving its users the ability to invest in fractional shares compared to entire shares. This was game-changing when it came to investors with less money. M1 Finances focuses on investing in a pie format where the investor creates a pie of different fractional amounts that investors can invest in. Also, investors can set an investment schedule so they never miss an opportunity to invest money. With the investment schedule and the investment pie, it makes investing second nature and keeps it out of your mind. You no longer have to manually invest your money, M1 Finance automates the process and makes it stress-free for you.
Schwab has been around forever and if you’re looking to invest with something trustworthy, this app might be the one for you. Schwab has longevity and now has even moved to commission-free trades to keep up with the competition. Charles Schwab is a long-term app that you can guarantee will be around for a very long time by looking at its history. It’s been around for a long time and will remain around for a long time. It’s not going anywhere. If you don’t want to use a newer brokerage to invest your money with, you can turn to Schwab and won’t be disappointed. Their app design is cleaner looking compared to other apps. It runs smoothly and doesn’t have any difficulties or glitches.
TD Ameritrade is another veteran trading app that you don’t have to worry about longevity with. This app has been around for a long time and will remain around forever. Just like with every other investment app, they are now offering commission-free trades and fractional shares. Since they are new to the commission-free trades and fractional shares, they aren’t as smooth as other apps but still gets the job done. You won’t have to worry about anything with your money on this app. They will even help you to manage your investments properly.
Goldman Sachs is the premier investing app and will remain that way in the future. It’s been around for a long time and when many investors think of apps for trading, they think of Goldman Sachs. The New York Times even has its own section for Goldman Sachs in investing and learning about what’s happening in the world of stocks.