Nowadays, you can do just about anything on a mobile device. While mobile money management and investing are nothing new, the sheer number of investment apps can make it difficult to know where to start. For the lowdown on how to start investing on your mobile device, check out this list of the top 5 investing apps that are great for beginners.

5 Best Investment Apps for Beginners 2021

1. SoFi Invest

2. Betterment

3. Charles Schwab

4. Acorns

5. Stash

1. SoFi Invest – 4.8 out of 5 stars

As an investing app made for a beginner and savvy investors alike, SoFi’s investment platform provides the benefits of no fee or commission trading all on one easy-to-use interface. On top of this, users aren’t required to have a minimum balance and can start investing with just one dollar! Feel free to diversify your portfolio yourself across ETFs, stocks, and even crypto, or sit back and let SoFi do it for you.

2. Betterment – 4.8 out of 5 stars

If you’re looking to start investing but want someone to do all the work for you, Betterment could be the app for you. For a relatively low annual fee of 0.25% of your account balance, the app does all the trading and rebalancing of your portfolio for you. This app is great for beginners with specific investing goals, as Betterment’s portfolios are specifically designed to help you grow your money for retirement, major purchases, or even your children’s education.

3. Charles Schwab – 4.8 out of 5 stars

Schwab Mobile makes it easy for those that want to take control of their investments. With a secure platform that can be customized to what is important to you, flex your investing skills and start trading on the go. Access to free research and even an intelligent assistant helps you level up your knowledge quickly and invest efficiently. Thanks to no fees, commissions, or minimum balance, Schwab makes trying your hand at investing more accessible to those who may even be apprehensive about beginning. Since you’re in control of your portfolio with this app, try out this investment calculator to help you decide if your returns will be worth your investment!

4. Acorns – 4.7 out of 5 stars

Have you always wanted to start investing but just don’t think you have the funds? The Acorns app eliminates this excuse by helping to automatically invest what you already have. With monthly plans ranging from one dollar to five dollars, Acorns will round up any purchases you make and invest the spare change. On any of the pricing plans, Acorns will manage your portfolio for you and help you reach your investment goals.

5. Stash – 4.7 out of 5 stars

The Stash app helps beginners learn to invest long-term by starting you off small. Use Stash’s great educational resources to hone your skills, and whenever you’re ready, you can start investing in fractional shares for just one dollar a month. As you level up your knowledge, you can upgrade your pricing plan to get access to more features. 

There’s an app for every person whether you’re a seasoned investor or just beginning. For those looking to start, pick an app that aligns with your investing style and goals. For more information on the pros and cons of the best investing apps for beginners, check out the infographic from Mint below.

Investment Apps
https://mint.intuit.com/blog/investing/best-investing-apps-for-beginners/

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