Thu Dec 13, 2018 10:50pm EST
Finance Attitude - 8 Best Stock Investment Apps for Beginners
Finance Attitude - 8 Best Stock Investment Apps for Beginners

Investing is a daunting task and sometimes could be confusing especially for a beginner. In the past, an investment process began by making a call to a brokerage firm to obtain an advisor who would advise the investor throughout the process. However, the technological advancement has made it easier for beginners who want to start trading. Now, they can just download an app on their PC or Smartphone and use it to trade securities. Different apps offer automation, low cost and high-security measures to make investing easy and exciting for all.
Here are 8 best investment apps to download and use to invest in stocks:

1.    Stash
Stash lets the investor trade with as little as $5. It recommends a collection of investments based on the investor profile details as well as such factors as managed risk, low fees, and historical performance. It also has tips and articles to help the user scale up their investment know how each time they access the account.

2.    SigFig
SigFig is yet another interesting investment app. It has investment tools that can track, manage and maximize the investor’s portfolio. It also allows users to manage their entire investment through the app.  Users can receive latest market news and statistics on relevant companies.

3.    Yahoo Finance
Yahoo Finance app allows users to synchronize portfolio and quotes across different devices track commodities, stocks, currencies and more. It has an easy to navigate user interface and the users can easily conduct a quick stock check and allow push notifications to get instant updates which help them make informed investment decisions.

4.    Acorns
Acorns is yet another investing app for first-time investors. It allows investors to invest their balances where it rounds up investors’ regular purchases on credit and debit transactions linked to it every day. App instantly trades with the remaining balance into a diversified portfolio of index funds chosen by Harry Markowitz. It is an easy, quick and automatic way to invest. It charges a percentage of the user account balance as a monthly service fee and thus the user should avoid leaving a lump sum amount in the account over a long period of time.

5.    Stock Market Simulator
This app gives the investor the ability to attempt trading before they make an actual trade. Users can play with a simulated model of the real market by investing virtual funds before they can start the real trading process. It is a good way to get a dummy account that lets an investor learn how stock market work without using actual money.

6.    TD Ameritrade
This app is by TD Ameritrade which is one of the largest brokerage firms in the US. It focuses on the essentials of investing such as streaming quotes, real-time balances, mobile access to trading, fund transfers, and getting latest news and market research reports. It has a Snapstock feature which allows users to snap a barcode or a picture on any item to get the company name ticker symbol and stock quote as well as related news and visuals.

7.    Stockpile
This app allows the user to trade but also to gift single shares of stock or rather purchase fractional shares with as low as 99 cent trade fee. This allows the investor to buy fractional shares of high-valued stocks such as Google, Amazon and Berkshire Hathaway without spending $1000 or more per share. It is also a great app for kids’ teens and family because it allows the investor to buy and gift shares of stock.

8.    Robinhood
Robinhood app allows an investor to trade US-listed and OTC securities such as in stocks, options and ETFs for free. Robinhood account gives an investor an access to instant deposits.

Key Takeaway
Investment apps have helped automate the investing process and first-time investors can obtain massive benefits from using them.



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