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|Paul and Sarah Scheper
MBA, CSA, CRMP, SRES, EIEIO
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5 Investment Apps You Should Look At
Advances in technology have allowed people to do just about anything from the convenience of their smartphones. One of the things you can do is to utilize these five investment apps and participate in mobile trading.
Public.com: This free stock app caters to young adults wanting to invest concerning their social preferences. You can take advantage of fractional investing, which means that you can purchase smaller amounts of stock rather than one full share.
Robinhood: As the first free stock trading app that offered commission-free investing, Robinhood originally targeted young investors who usually didn't have a lot of money to invest. Now, the app attracts those who want an alternative to a large brokerage. It also features Robinhood Gold, which is a paid account that offers higher instant deposit limits and the ability to trade options.
SoFi Invest: With this app, you can track and trade your money without worrying about trading fees, commissions, or account minimums. You can be an active trader by buying or selling offered assets or passive via its automated investing service.
TD Ameritrade: Ideal for novice investors and day traders, TD Ameritrade recently became another commission-free platform. It also doesn't have an account minimum. It offers more trading options than others, so you can work with mutual funds, bonds, and futures.
Webull: Another commission-free trading platform, Webull also doesn't have a minimum investing threshold. It aims to educate investors about the market and features an option that allows you to try new strategies before investing any of your money.
If you're interested in getting started with mobile investing but still have questions about the process, don't hesitate to reach out to a financial advisor or planner. They can give you the guidance you need to make smart decisions when it comes to investing your hard-earned money.
Sources: Youngandtheinvested.com, Businessinsider.com, Nerdwallet.com
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