5 investing apps which you should use

These days, when you’re thinking about investing, rather than using the traditional banking ecosystem, you can easily use a wide variety of different investing applications. When you’re using these investing applications, it will in turn become much easier for you to invest in the right way. Moreover, when you’re thinking about investing with the help of these applications, you can easily use a variety of different features which are provided by these applications. As a result, it will become much easier for you to invest in the right way.
We will today share with you 5 different applications which you can use for investing.

1. Acorns
Acorns provides you the option of micro investing. With the help of this application, each and every transaction will actually be rounded off to the next dollar. The difference is invested in low-cost mutual funds. As a result, you will not have to invest a significant amount of money. You can just invest smaller amounts of money. The charge of acorns is also on the lower side. It charges 0.25% per annum. If the amount is really low, it charges you $ 1 per month. As a result, you can be sure that you will be able to invest on a regular basis. Moreover, the amount which you are investing will not be huge as well as it is invested in smaller installments. This is one of the main advantages of this investing application.

2. Betterment
Betterment is actually automated advisor. It advices you regarding the investments which you should make. You can easily share your financial goals with the application. It will help you in deciding about the investments which you need to make. Also, it will help you in investing directly through its investment Eco system. The charges are also on the lower side at just 0.2% of the entire balance.

3. Blooom
Blooom is another robotic advisor. However, it only helps you in investing in 401(k) plans. Also, it helps you in privatizing your investment choices. As a result, you will be able to invest in your 401(k) plans on an increased basis. The cost is just $ 10 per month. This will ensure that you are able to easily invest in the 401(k) plan according to your requirements. You can easily share your financial goals and thereafter, it will let you know how much you should invest in these plans.

4. RobinHood
Robinhood allows you to buy and sell stocks. It also allows you to trade in some of the exchange traded funds. The main advantage of this particular application is that you do not have to pay any commission. As a result, you can easily create a smaller amount as well. When you are able to trade the smaller amount, it will in turn become easier for you to start investing in stocks on a regular basis. Also, since you do not need to pay any commission, you will be able to easily invest a smaller amount of money. In case, you require some complex services, they can provide that as well. However, for the complex services, they will be charging you. If you simply want to invest in some exchange traded funds or if you want to just buy and sell stocks, they will not charge you anything. This is one of the main advantages of this application.

5. Stash
Stash is another investing application which you can use. It actually allows you to automate your investments. It allows you to invest in 40 exchange traded funds. With the help of automated investments, you can invest on a regular basis. Moreover, the amount which you can invest can be as low as just a $ 5. This is one of the main advantages which you have got while using this application. In addition to that, you can easily operate it from your smart phone. As a result, you will not have to sit in front of your computer again and again in order to invest. As you are investing in exchange traded funds, the cost of such funds and the expense ratio of such funds will be on the lower side. As a result, you will be able to make a significant amount of return. In addition to that, you can easily choose from 40 different exchange traded funds. This will automatically help you in choosing the exchange traded funds which invest in small and mid-cap stock index. This will ensure that if you have a higher risk appetite, you are able to invest in index funds which can provide you with higher return as well. All in all, it is one of the best options which you have got when you’re looking to invest in exchange traded funds.

Thus, if you’re looking to manage your investments, these are the 5 applications which you should utilize. With the help of these five applications, you will be able to invest directly from your smart phone. There will be no complicated registration mechanism or investment procedure which you have to follow. You can easily think about investing from your smart phone which will help you in initiating the investment culture soon enough.

In case, you’re looking at some of the other investing applications which you can utilize, these are WealthFront, wealthsimple. With the help of these wide range of applications, it will become much easier for you to take care of your investment needs and start investing pretty soon.