Looking to dive into the adventurous and potential-rich realm of investment? Here's a round-up of the top apps in 2021 that will help you to invest your money wisely. These hand-picked apps offer beginners and experienced investors alike, a chance to delve into stocks and shares, cryptocurrency, real estate, and more. Believe it or not, your smartphone can serve as one of the most influential tools for financial freedom.
Invest with Ease: Stash
Stash is an excellent app for beginner investors. It offers diverse financial services including banking, retirement planning, and advising. The standout feature is that with Stash, you can start investing with as little as $5. This ability to invest small amounts regularly can help new investors cultivate a disciplined investment habit.
Automated Investment: Betterment
Betterment, one of the leading robo-advisors in the investment business, takes care of your investing needs automatically. Based on an initial survey, Betterment devises a strategy tailored to your financial goals, risk tolerance, and investment timeline. It is the ideal solution for hands-off investors and those who want their investments to be managed professionally. Another noteworthy feature of Betterment is the tax-loss harvesting feature.
Round Up Investments: Acorns
If consistency in small amounts sound appealing to you, Acorns is your top choice. This app rounds up your expenditures to the nearest dollar and invests the surplus into portfolio constructed by experts. The app wildly popular among students due to its minimalist strategy and absence of a significant initial deposit.
Real Estate Investing: Fundrise
Not all investment has to go for stocks and bonds. Fundrise provides you with an opportunity to invest your hard-earned money in real estate. Fundrise allows you to start investing in real estate with as low as $500. What makes Fundrise unique is that it uses a pool of investors' money to directly invest in real estate, not REITs. This approach paves the way for higher potential returns.
Cryptocurrency Investment: Coinbase
No investment platform list can be complete without discussing cryptocurrency. Coinbase is one of the leading platforms to start investing in cryptocurrency. It provides a secure and user-friendly platform to buy, sell, and manage your crypto portfolio. It supports a wide array of cryptocurrencies which provides beginners with broad choices.
Investment for Retirement: Blooom
Blooom is a unique service that focuses on managing your 401(k). Upon analyzing your 401(k), Blooom will come up with a plan that aligns your retirement goals and optimize your 401(k). Blooom is a fecund service for those who are specifically looking to invest for long-term.