Investment is a great way to save and make money. By taking a few risks, and knowing the market, you can easily earn some money for your future. You can even use it to build a retirement fund for yourself. Although it is tough to get into, here are some apps that can help you. Here are the 5 best investing apps that you can rely upon if you use an Android device.
1. M1 Finance
M1 Finance is one of the simplest investment apps where you need to enter your portfolio and rest is managed by the company itself. You can set automatic deposits, review all of your portfolio’s statistics, and even transfer stuff like 401Ks and IRAs. You can also include a loan service, stats about various stock prices, SPIC insurance, retirement planning, etc. It is free for use without any extra fees or commissions on the money you make. Of course, you have a chance you could lose your money as well as make a lot more. Otherwise, it is good stuff to try.
Price: Free / Varies
Acorns is also a business app that allows you to invest money using a small amount at a time. It uses the spare change from your everyday transactions and then invests them in various businesses and markets with the idea being to make you money. That means if you spend $19.50 on something, Acorns will round it up to $20 grab up that other $0.50 to invest. It’s a great way to get into an investment without having much in stake. It’s equally simple and ready to use for beginners’ and it’s a fun way to save up a few bucks over time for something much later on. It is free to download and use. The app makes money on the investments it makes with your money.
Price: Free / $4.99
MyStocks is relatively newer investment app featuring a plethora of features, including real-time quotes, ETFs, charts of stocks, funds, currency exchanges, futures, etc. You can also set an alert if a certain stock reaches a certain price for better or for worse. You can download the app for free or can have the pro version for $4.99 with some additional features.
Robinhood and M1 Finance have a lot in common. These apps are free to use without any fees or commission on your stock trading. It features intelligent stock buying options, plenty of information, and many handy tools to organize your portfolio. Robinhood is equipped with a swath of graphs and stats to help you make better investment decisions. It also supports cryptocurrency like Bitcoin and Ethereum along with the usual stock market stuff. It has the occasional bug and that can matter when you’re making quick trades. Better to use it with a bit of caution.
StockTwits is also an intelligently done investing apps out there featuring a clean Material Design interface that is fun to use. You can create stock watchlists, check trending stocks, and select stocks by their gains and losses over a defined period of time. It also supports Robinhood if you happen to use that. Comparatively, it is a bit simpler to use than most investing apps as it has everything streamlined. This app is completely free to download and use.
Above listed are some of the best and most popular investment apps that you can try out this year if you are using an Android device and looking to make some quick money for long term investment in a fun way.