I've always thought that "Investing" was a scary word. I thought that, in order for you to become an investor, you had to be: super smart, super rich, and watch the news/stock ticker constantly. The truth is, you don't have to be, or do, any of those things to become an investor! This is a list of apps that can turn anyone into an investor TODAY! These are easy ways to make money online, from your iPhone or Android device!
Acorns is an iOS app that automatically saves and invests money for you. It works by a technique called "roundups". So every time you make a purchase using the credit or debit card you put add to your account, it rounds the amount up to the nearest dollar and invests the change. Here's an example: You go to Walmart and buy some toothpaste, laundry detergent, and a 12 pack of soda; You checkout using the card on file, and your total is: $14.75, Acorns will round the purchase up to $15.00, and will invest the $0.25 into your account. It does this for every purchase you make, the amount it rounds up is usually very small change that you won't even notice. Over time this builds up because you're saving money + investing it so it grows much faster. You can also add money manually if you want to invest more. Acorns is a robo-investing app which means you don't have to do anything; No picking individual stocks, no researching, nothing. Acorns does all of the heavy lifting and research for you. This was my first investing platform ever and it really helped me get started on a path for success. Try it out! BONUS! They give you 5$ just for signing up using the link below!
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Stash is another investing app for iOS and Android that offers a different style of investing, and has some really great features as well. It is an ETF or, "Exchange Traded Fund", based app that has catagories you to choose from. These categories are made up of several different companies' stocks in different percentage amounts. Example: If you want an ETF made up of banking organization's, you'd choose the "Money Machines" ETF. This ETF is made up of different percentage amounts of shares of JP Chase Morgan, Wells Fargo, Citi Bank, Bank of America, Etc. all in one group. So if you invest $100, that money will be divided into each of these companies in different amounts.
There are many different catagories with different companies, there's sure to be a category that interests you. If not, you can create your own customized ETF to add to your portfolio, with your handpicked stocks.
It may sound difficult, but once you get the app you'll understand how easy it is to use!
BONUS! Join now with this link and receive a free stock! You could even receive a share of Apple! http://share.robinhood.com/codyw42
If you feel like you're ready to take the more experienced route and want to pick your own stocks, then this is the best investing app that we've come across. This is the full stock market experience, no robot advisors, or training wheels. It's the real deal, but they have simplified it, so it's also great for entry level investors who've done their research and want to invest in the companies of their choosing. The best part about this app? It's the only commission free app we've found. Most investing platforms will charge you around $3-$5 per trade, Robinhood doesn't charge anything..ever. No hidden fees, no commission, no maintenance charge. It's completely free and this is the reason I use it so much. It has a very simple,easy to use, and user friendly platform. If you do your research you can make a lot of money very quickly with this app. This is personally, the main app I use for investing since I like to have a lot of personal control of which stocks I own. With that being said, I also have a lot more risk, since I'm not a professional stock market analyst, but so far I've made good descions after a lot of research, and have gained a pretty good amount of money from this app.
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