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5 Best Investing Apps for Beginners

Aren’t you tired of simply spending every cent you make, and whatever you do save merely gathers dust under your mattress or in a savings account?

Well, you aren’t alone. More and more people are becoming interested in investing to maximize their earnings, accrue wealth, prepare for retirement, or just make some extra money on the side.

Of course, when you’re new to the world of investing, you’ll need to do some research to understand what investing is, what your options are, understand risk, and create a strategy.

Luckily we’ve got information to help get you in the know.

Once you’re ready to invest, thanks to the growing FinTech market, several apps make it incredibly easy for beginning investors to start. On a broader scale, these apps are democratizing the world of investing.

5 Great Investing Apps for Newer Investors

We’ve narrowed it down to our favorite 5 investing apps for beginners so you can choose the one best fitting your needs and investment strategy.

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1. Public

What it Does:

Public is a community-driven platform that aims to cultivate a learning environment for users new to investing who want to build confidence and earnings. With no fees and no commissions, Public allows you to buy fractional shares for the amount of your choosing.  

Why We Love it:

This is an excellent investing app for beginners. It was created by following the lead of other investing app trailblazers like Robinhood but tweaking it to be beginner-friendly.

Their social media component allows you to follow fellow investors (experts and friends) to learn and even collaborate to get you where you want to be. Oh, and you also get a free stock as a signup bonus!

2. Acorns.

What it Does:

Investing is made easy with this app that automatically invests your spare change into different places. By linking your credit or debit cards, Acorns automatically rounds up every purchase you make to the nearest dollar and invests the difference for you.

Why We Love it:

This is an excellent choice for you if you don’t have time to manage an investment portfolio. Or if you don’t have a lot of money to start investing.

With the automatic micro-investments that are cents on the dollar, you won’t have to lift a finger. And you barely even notice you’re putting money aside to grow it. Monthly fees range from $1-5.

It takes about 5 minutes to set up your account. Then your portfolio is created for you by Acorn advisors—but you can customize how much you want the app to round up or down.

3. M1 Finance

What it Does:

M1 Finance’s comprehensive platform offers flexible services for beginners and experienced investors alike—from automated or customized investing borrowing and other spending options you can explore.

The app is free, but inactivity fees encourage you to invest and not stay stagnant. A $100 minimum account balance is necessary to start investing.

Why We Love it:

The flexibility and options that M1 Finance offers are great for beginners who might want to take their investing up a notch with expert premade portfolios or customize their own with self-directed trading and robo-investing options. A bonus is their integrated credit card that earns you cash back and other rewards.

Grab a one-year free trial of M1 Plus (a $125 value)

4. Betterment

What it Does:

Betterment was the first platform to offer robo-advising that enabled smart automated investing. Now, it remains one of the best investing apps, especially for beginners interested in low-cost, diversified stocks, bonds, and ETFs.

You can choose the automated option, or when you’re ready, you can customize your portfolio yourself through their flexible options.

Why We Love it:

We love that Betterment is a goal-oriented platform. So, if you’ve got more long-term goals and have more money to spend on reaching them, Betterment is an excellent option for you. Especially if you’re looking for a more tax-friendly portfolio, Betterment minimizes tax losses by handling your portfolio with their taxable and retirement account management options.  

5. Fundrise

What it Does:

Three words: real estate crowdfunding. Fundrise makes real estate investing easy, low cost, and accessible. You need as little as $10 to get started, although the average initial investment is around $4,000.

Fundrise offers REITs or “real estate investment trusts,” a nice option for long-term investors.  

Why We Love it:

Diversifying your investment portfolio with real estate used to be very difficult and only available to people in the real estate industry or those with big bank accounts.

Fundrise is an exciting app because it lets anyone get into the real estate boom, not just accredited investors. This is the perfect option for people who want a long-term investment with high growth potential (Fundrise has a five year minimum time horizon).

Investing apps make it easier than ever to start building wealth

For more investing info, check out further resources for helping you get started! We hope these apps help you maximize your money on your journey to becoming financially independent and growing your wealth.

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