If you’re interested in micro-investing and looking for alternative apps to Acorns, you’re in luck! There are several options out there that offer similar features and benefits. These apps provide a convenient way to invest your spare change, build wealth, and manage your finances. Whether you’re a beginner or an experienced investor, these micro-investing apps can help you achieve your financial goals.
Financial management apps, also known as robo-advisors or automated investment platforms, have gained popularity in recent years. They use technology to make investing simple and accessible to everyone. These apps allow you to invest small amounts of money and build a diversified investment portfolio.
Micro-investing apps are not only a great way to save and invest, but they also offer educational resources to help you improve your financial knowledge. They provide tools and insights to help you make informed investment decisions.
Key Takeaways:
- Micro-investing apps offer a convenient way to invest your spare change and build wealth.
- Financial management apps use technology to make investing simple and accessible to everyone.
- These apps provide educational resources to help improve your financial knowledge.
- Micro-investing apps allow you to invest small amounts of money and build a diversified investment portfolio.
- Consider these alternative micro-investing apps when deciding where to invest your money.
Betterment
Betterment is a micro-investing app that offers automated investing and the ability to manage your investment portfolio. With Betterment, you can easily start investing and grow your wealth without the need for extensive financial knowledge or experience. It’s a great option for beginners looking for a hands-off investment approach.
When you sign up for Betterment, you’ll be guided through a series of questions to understand your financial goals and risk tolerance. Based on your answers, the app will create a personalized investment portfolio for you. The app uses advanced algorithms to automatically rebalance your portfolio and optimize your investments, ensuring that your money is working hard for you.
One of the key advantages of Betterment is its low fees. The app charges an annual management fee of 0.25% for accounts with a minimum balance of $0 to $99,999 or a flat fee of $4 per month for accounts with a balance of $100,000 or more. These fees are significantly lower compared to traditional investment advisors, making Betterment an attractive option for cost-conscious investors.
Betterment also stands out by offering a wide range of investment options. Whether you’re interested in stocks, bonds, or ETFs, Betterment has you covered. The app allows you to customize your investment strategy based on your preferences and goals.
Overall, Betterment provides a user-friendly and streamlined investing experience. It simplifies the investment process and helps you build a diversified portfolio that aligns with your financial goals. With its automated investing features and low fees, Betterment is an excellent choice for individuals looking to grow their wealth over the long term.
Robinhood
When it comes to micro-investing apps, Robinhood is a name that often comes up. Known for its user-friendly interface and commission-free trading, Robinhood has gained popularity among both beginners and active traders. With Robinhood, users can access a wide variety of investment options, including stocks, ETFs, and even cryptocurrencies, all without paying any fees.
One of the key features that sets Robinhood apart from other micro-investing apps is its commission-free trading. This means that users can buy and sell stocks, ETFs, and cryptocurrencies without incurring any additional charges. This can be a significant advantage, especially for those who engage in frequent trading.
Robinhood also offers a user-friendly and intuitive platform, making it easy for beginners to get started with investing. The app provides real-time market data, research tools, and customizable watchlists, allowing users to stay informed and make informed investment decisions.
Additionally, Robinhood provides a range of investment options, giving users the opportunity to diversify their portfolios. Whether you’re interested in stocks, ETFs, or cryptocurrencies, Robinhood has something for everyone. This flexibility allows users to tailor their investment strategy to their individual goals and risk tolerance.
Overall, Robinhood is a solid choice for anyone looking to start their micro-investing journey. With its commission-free trading, user-friendly interface, and wide variety of investment options, Robinhood provides a convenient and accessible platform for individuals to grow their wealth.
In the table below, you can find a summary of the key features and benefits of Robinhood:
| Key Features | Benefits |
|---|---|
| Commission-free trading | – Save money on trading fees – Trade stocks, ETFs, and cryptocurrencies without paying commissions |
| Wide variety of investment options | – Diversify your portfolio – Access stocks, ETFs, and cryptocurrencies |
| User-friendly interface | – Easy to navigate and use – Suitable for beginners and experienced traders |
With its commission-free trading, investment options, and user-friendly interface, Robinhood is a micro-investing app worth considering.
Stash
Stash is a micro-investing app that allows users to start their investment journey with small amounts of money. With Stash, you can invest in fractional shares, making it easy to diversify your portfolio and access investments that may have been previously out of reach. Whether you want to invest in stocks, bonds, or exchange-traded funds (ETFs), Stash has a range of options to suit your goals and risk tolerance.
One of the unique features of Stash is its educational resources. Stash offers access to a variety of educational materials, including articles, videos, and guides that can help you learn the basics of investing and make informed decisions. Whether you’re a beginner or have some investing experience, Stash provides valuable educational content to help you navigate the world of investing.
Here are some key features of Stash:
- Micro-investing app that allows you to start investing with small amounts of money
- Invest in fractional shares to diversify your portfolio
- Access to a range of investment options, including stocks, bonds, and ETFs
- Educational resources to help you learn about investing and make informed decisions
| Pros | Cons |
|---|---|
| Allows you to start investing with small amounts of money | Does not offer tax-loss harvesting |
| Offers a range of investment options | Charges a monthly fee for access to the platform |
| Provides educational resources to help you learn about investing | Does not offer access to individual stocks |
Whether you’re a beginner looking to get started with investing or a more experienced investor looking for a user-friendly platform, Stash can be a great option. With its fractional shares and educational resources, Stash makes it easy to start building your investment portfolio and grow your wealth over time.
M1 Finance
When it comes to micro-investing apps, M1 Finance offers a compelling option for investors who want more control over their investment strategy. With customizable portfolios and low fees, M1 Finance stands out as an attractive choice in the crowded micro-investing market.
One of the key features of M1 Finance is its customizable portfolio functionality. Users have the flexibility to choose from pre-made expert portfolios or build their own customized portfolio for free. This empowers investors to tailor their investments to align with their financial goals, risk tolerance, and personal preferences.
Customizable Portfolios
“M1 Finance allows me to create a portfolio that reflects my investment goals and values. I appreciate the freedom to choose the specific stocks and ETFs that I believe in, while still benefiting from the automated features of the app.”
Low fees are another advantage of using M1 Finance. With no trading fees or management fees, investors can keep more of their returns. This makes it an attractive option for cost-conscious investors who want to maximize their investment gains over time.
Overall, M1 Finance provides a user-friendly interface and a robust set of features for investors looking to take a more hands-on approach to micro-investing. Whether you’re a seasoned investor or just starting out, M1 Finance offers the tools and resources necessary to help you build a strong investment portfolio.
| Key Features | Benefits |
|---|---|
| Customizable portfolios | Allows investors to tailor their investment strategy to their preferences |
| Low fees | No trading fees or management fees |
| User-friendly interface | Easy to navigate and use |
SoFi Invest
If you’re looking for a micro-investing app that combines automated investing with a focus on building wealth, SoFi Invest is a great choice. With SoFi Invest, you can start investing without worrying about fees, making it an excellent option for those who want to grow their wealth without incurring additional costs.
SoFi Invest offers a user-friendly platform that is perfect for beginners who are new to investing. Its intuitive interface makes it easy to navigate and understand, ensuring that you can confidently manage your investments. Whether you’re a seasoned investor or just starting out, SoFi Invest provides a seamless investing experience.
One of the standout features of SoFi Invest is its emphasis on automated investing. By setting up recurring investments, you can effortlessly build your portfolio over time. SoFi’s automated investing feature makes it easier than ever to save and invest for the future, allowing you to grow your wealth without needing to actively manage your investments.
Additionally, SoFi Invest provides a range of investment options, including stocks, ETFs, and cryptocurrencies. This allows you to diversify your portfolio and capitalize on different investment opportunities. With access to a wide variety of investment options, you can tailor your investments to align with your financial goals and risk tolerance.
| Key Features of SoFi Invest: | Benefits: |
|---|---|
| No fees for investing | – Save money on fees |
| Automated investing | – Grow your wealth effortlessly |
| User-friendly platform | – Easily manage your investments |
| Diverse investment options | – Build a well-rounded portfolio |
SoFi Invest understands that investing can be intimidating, especially for those who are new to the world of finance. That’s why they provide educational resources and support to help you make informed investment decisions. With SoFi Invest, you can access articles, videos, and investment tools that will help you build your knowledge and confidence as an investor.
So whether you’re a beginner looking to start investing or an experienced investor seeking a user-friendly platform with no fees, SoFi Invest is an excellent micro-investing app to consider. Take the first step towards building your wealth with SoFi Invest and watch your investments grow over time.
Wealthsimple
When it comes to micro-investing apps, Wealthsimple is a standout option. This user-friendly platform offers socially responsible investing and low fees, making it an appealing choice for individuals who want to invest in a socially conscious way while keeping costs down.
With Wealthsimple, users can invest in a portfolio of low-cost exchange-traded funds (ETFs) that align with their values. So whether you want to support companies committed to sustainable practices, gender diversity, or clean energy, Wealthsimple allows you to build a portfolio that reflects your priorities and values.
In addition to socially responsible investing, Wealthsimple also stands out for its low fees. The app charges a management fee of 0.5% for accounts up to $100,000, and 0.4% for accounts over $100,000. There are no trading or account fees, making it a cost-effective choice for investors.
Let’s take a closer look at what makes Wealthsimple a top micro-investing app:
- Socially Responsible Investing: Wealthsimple offers a range of socially responsible investment options, allowing users to invest in companies and causes that align with their values.
- Low Fees: With Wealthsimple, you can keep more of your returns thanks to its competitive fees and zero trading commissions.
- Diversified Portfolio: Through a carefully curated selection of low-cost ETFs, Wealthsimple helps you build a diversified investment portfolio.
- User-Friendly Interface: The app’s intuitive interface makes it easy to navigate and manage your investments, even if you’re new to investing.
If you’re ready to start micro-investing with a socially responsible focus and low fees, Wealthsimple is definitely worth considering. Start investing with Wealthsimple today and make a positive impact with your investment choices.
Charles Schwab
When it comes to micro-investing, Charles Schwab is a standout choice. This popular micro-investing app offers a wide range of research tools and best of all, there are no account fees to worry about.
Charles Schwab provides access to real-time news, research reports, and more, giving investors the information they need to make informed decisions. Whether you’re a beginner or an experienced investor, the comprehensive research tools offered by Charles Schwab are a valuable resource.
Additionally, the user-friendly platform ensures that investors can easily navigate through their investment accounts and take advantage of the various features available. Charles Schwab is committed to providing a seamless investing experience.
With Charles Schwab, you can take control of your investment portfolio and make well-informed decisions based on thorough research. The app’s research tools provide valuable insights into market trends, stock analysis, and other essential information.
By offering no account fees, Charles Schwab makes investing even more accessible to all individuals. Whether you’re starting with a small amount of capital or have a larger portfolio, Charles Schwab allows you to invest without worrying about account fees eating into your returns.
If you’re looking for a micro-investing app that combines powerful research tools with no account fees, Charles Schwab is an excellent choice.
| Pros | Cons |
|---|---|
|
|
“Charles Schwab offers a robust suite of research tools, making it easier for investors to stay informed and make educated decisions about their portfolios.” – Financial Expert
E*TRADE
When it comes to micro-investing apps, E*TRADE is a standout option. Offering commission-free investing and access to real-time news, it combines convenience and up-to-date insights for investors. With a user-friendly interface and a wide range of investment options, E*TRADE makes it easy for both beginners and experienced investors to trade stocks and ETFs without paying any fees.
Real-time news is a crucial element for making informed investment decisions, and E*TRADE delivers on this front. The app provides timely updates on market trends, stock performance, and financial news, helping users stay ahead of the game. With E*TRADE, investors can have the latest information at their fingertips, allowing them to make well-informed investment choices.
“E*TRADE offers commission-free investing and real-time news, providing investors with a seamless and informed investment experience.”
Whether you’re looking to build a diverse investment portfolio or want to keep up with the ever-changing market, E*TRADE has you covered. The app’s extensive range of investment options allows users to customize their holdings based on their financial goals and risk tolerance. From individual stocks to exchange-traded funds (ETFs), E*TRADE provides a variety of assets to suit different investment strategies.
In addition to its commission-free investing and real-time news, E*TRADE also offers a host of other features to enhance the investment experience. The app provides powerful research tools, enabling users to conduct in-depth analysis and make informed decisions. Whether you’re a seasoned investor or just starting out, E*TRADE equips you with the tools and resources needed to succeed.
With its commitment to commission-free investing, access to real-time news, and a user-friendly interface, E*TRADE is a top choice for individuals looking to invest their money wisely. Start your micro-investing journey with E*TRADE today and take advantage of the app’s robust features and seamless investing experience.
TD Ameritrade
When it comes to micro-investing apps, TD Ameritrade stands out with its comprehensive research tools and exceptional customer support. Investors using TD Ameritrade can access a wide range of market trend reports, charts, and updates, enabling them to make well-informed investment decisions. Whether you’re a beginner or an experienced investor, TD Ameritrade’s research tools provide invaluable insights that can help you stay ahead of the market.
What sets TD Ameritrade apart is its commitment to customer support. With 24/7 availability, you can reach out to their knowledgeable team anytime you need assistance. Whether you have a question about a specific investment or need guidance on navigating the app’s features, TD Ameritrade’s customer support is there to help you.
Choose TD Ameritrade for comprehensive research and reliable customer support that will empower your micro-investing journey.
Webull: A Powerful Micro-Investing App for Active Traders
When it comes to micro-investing apps, Webull stands out as a top choice for active traders. With its zero fees and extended trading hours, Webull provides a platform that empowers investors to seize opportunities and take control of their financial futures.
Webull offers a range of features that make it a favorable option for those who want to dive into the world of investing. The app provides access to real-time data, allowing users to make informed decisions based on the most up-to-date market information. With advanced charting tools, investors can analyze trends, patterns, and indicators to identify potential investment opportunities.
But it doesn’t stop there. Webull is dedicated to equipping its users with the knowledge they need to succeed. The app offers educational resources, including articles, videos, and even a virtual trading simulator, allowing beginners to practice their trading skills without risking any real money.
“Webull offers zero fees and extended trading hours, making it an attractive option for active traders.”
One standout feature of Webull is its commitment to extended trading hours. While traditional stock exchanges have limited trading hours, Webull extends the market day, providing access to pre-market and after-hours trading. This means that investors can react to news, earnings reports, and other market-moving events outside of regular trading hours, giving them a competitive edge.
Webull: Key Features and Benefits
| Key Features | Benefits |
|---|---|
| Zero fees | Save money on commissions and fees |
| Extended trading hours | React to market-moving events outside of regular trading hours |
| Real-time data and advanced charting | Stay informed and analyze market trends |
| Educational resources | Learn about investing and practice trading strategies |
Webull’s dedication to providing a comprehensive trading experience sets it apart from other micro-investing apps. It combines the power of real-time data, advanced charting, and educational resources to empower users with the tools they need to make informed investment decisions.
If you’re an active trader looking for a micro-investing app that offers zero fees, extended trading hours, and advanced trading tools, Webull is an excellent choice. With its user-friendly interface and robust features, Webull puts the power of investing at your fingertips.
Invstr: Practice Investing with Fantasy Finance
Invstr is a micro-investing app that offers a unique feature called “Fantasy Finance,” allowing users to practice investing without risking real money. This feature is perfect for beginners who want to gain experience and learn the ins and outs of investing before they start investing with real money. With Invstr, you can create a fantasy portfolio and make virtual trades based on real market data.
In addition to its fantasy finance feature, Invstr provides a wealth of educational resources to help users learn about investing. From articles and tutorials to videos and quizzes, Invstr offers a comprehensive educational platform to improve your financial knowledge and investment skills. Whether you’re a novice investor or a seasoned pro, Invstr’s educational resources can help you stay informed and make better investment decisions.
Benefits of using Invstr:
- Practice investing without risking real money
- Access to real market data for virtual trading
- A range of educational resources to improve financial knowledge
- Learn about various investment strategies and techniques
- Stay informed about the latest market trends and news
Invstr is an excellent micro-investing app for individuals who prefer to gain experience and knowledge before diving into real investing. By learning and practicing with Invstr’s fantasy finance feature, you can build the confidence and skills needed to make informed investment decisions in the future.
| Invstr | Features | Educational Resources | Cost |
|---|---|---|---|
| Practice investing with fantasy finance | Access to real market data | Articles, tutorials, videos, quizzes | Free |
With Invstr’s fantasy finance feature, you can gain practical experience and knowledge before investing real money. It’s like having a stock market simulator in your pocket.
Fundrise
Looking to diversify your investment strategy with real estate? Fundrise, a micro-investing app, offers a convenient and affordable way to invest in real estate with low fees. With Fundrise, you can start building your real estate portfolio and potentially earn passive income.
Fundrise provides a range of investment options, allowing you to choose the properties that align with your investment goals. Whether you’re interested in residential, commercial, or mixed-use properties, Fundrise offers a diversified selection to help you create a well-rounded portfolio.
One of the key advantages of Fundrise is its low fees. By cutting out the middleman, Fundrise is able to offer investors access to real estate investments with lower fees compared to traditional real estate investing methods. This means you can keep more of your investment returns.
Investing with Fundrise is simple and straightforward. The app allows you to track the performance of your investments, view regular updates, and easily manage your portfolio all in one place. You can also take advantage of the platform’s educational resources to learn more about real estate investing and make informed decisions.
Why Choose Fundrise?
Low Fees: Fundrise offers real estate investing opportunities with low fees, allowing you to maximize your investment returns.
Investment Options: Choose from a range of real estate investment options, including residential, commercial, and mixed-use properties.
Diversification: By investing in real estate through Fundrise, you can diversify your investment portfolio and potentially reduce risk.
Convenient and User-Friendly: Fundrise’s app makes it easy to manage your investments, track performance, and stay informed about your real estate portfolio.
Investing in real estate can be intimidating, but Fundrise simplifies the process and makes it accessible to investors of all levels. With low fees and a range of investment options, Fundrise is a solid choice for those looking to venture into real estate investing.”
Ready to start investing in real estate with Fundrise? Sign up for an account today and take the first step towards diversifying your investment portfolio.
Stockpile
If you’re a beginner looking to start investing in the stock market, Stockpile is an excellent choice. As a micro-investing app, Stockpile allows you to invest in fractional shares, making it easier for you to diversify your portfolio even with small amounts of money. With Stockpile, you can begin investing with as little as $4.95 per month, opening up opportunities for anyone to get started on their investment journey.
One unique feature that sets Stockpile apart is its redeemable stock gift cards. These gift cards allow you to give the gift of stocks to friends and family, introducing them to the world of investing in a fun and educational way. It’s a great way to spark an interest in investing and financial literacy.
Whether you’re interested in buying popular stocks like Amazon or Apple, or exploring different industries and sectors, Stockpile offers a wide range of investment options. You can easily buy and sell stocks through the app, and the fractional shares feature allows you to own a piece of well-known companies without having to buy a whole share.
Stockpile also provides educational resources to help you learn about the stock market and make informed investment decisions. From articles and tutorials to investment tips, Stockpile equips you with the knowledge you need to navigate the world of investing confidently.
With its user-friendly interface and low minimum investment requirement, Stockpile is an excellent micro-investing app for beginners. Start your investment journey today and build your wealth over time with Stockpile.
Conclusion
When it comes to micro-investing, there are several alternatives to Acorns. These apps like Acorns offer similar features and benefits, allowing users to effortlessly invest small amounts of money and watch their wealth grow over time. Whether you’re interested in automated investing, customizable portfolios, or social investing options, you’ll find an app like Acorns that suits your needs.
Consider these alternative micro-investing apps when deciding where to invest your money. These investment apps provide a range of options and functionalities, giving you the flexibility to choose what works best for you. Explore these micro-investing apps and take advantage of the benefits they offer, such as fractional shares, low fees, and educational resources.
With these alternative investment platforms, you no longer need to rely solely on Acorns to start your micro-investing journey. Embrace the convenience and potential for wealth-building that these micro-investing apps provide. Whether you’re a beginner or an experienced investor, these apps will empower you to make smart financial decisions and achieve your investment goals.
FAQ
What are some apps like Acorns?
Some popular apps like Acorns include Betterment, Robinhood, Stash, M1 Finance, SoFi Invest, Wealthsimple, Charles Schwab, E*TRADE, TD Ameritrade, Webull, Invstr, Fundrise, and Stockpile.
What is Betterment?
Betterment is a micro-investing app that offers automated investing and the ability to manage your investment portfolio.
How much does Betterment charge in fees?
Betterment charges annual fees of 0.25% or per month, and there are no trading commissions.
What is Robinhood?
Robinhood is a popular micro-investing app that offers commission-free trading and a wide variety of investment options.
What are the features of Stash?
Stash is a micro-investing app that allows users to invest in fractional shares and offers a range of educational resources.
What is M1 Finance?
M1 Finance is a micro-investing app that offers customizable portfolios and low fees.
What does SoFi Invest offer?
SoFi Invest is a micro-investing app that offers automated investing and focuses on building wealth, with no fees for investing.
What are the features of Wealthsimple?
Wealthsimple is a micro-investing app that offers socially responsible investing options and low fees.
What can I expect from Charles Schwab?
Charles Schwab is a micro-investing app that offers a wide range of research tools and no account fees.
What is E*TRADE?
E*TRADE is a micro-investing app that offers commission-free investing and access to real-time news.
What does TD Ameritrade provide?
TD Ameritrade is a micro-investing app that offers comprehensive research tools and 24/7 customer support.
What features does Webull offer?
Webull is a micro-investing app that offers zero fees and extended trading hours, with access to real-time data and advanced charting.
What is Invstr known for?
Invstr is a micro-investing app that offers a unique feature called “Fantasy Finance” where users can practice investing without risking real money.
What is Fundrise?
Fundrise is a micro-investing app that allows users to invest in real estate with low fees and create a diversified portfolio.
What can I do with Stockpile?
Stockpile is a micro-investing app that offers fractional shares and redeemable stock gift cards, allowing users to start investing with small amounts of money.
Where can I find alternative micro-investing apps?
You can find alternative micro-investing apps like Acorns on their respective websites or app stores.
Our Friends
- https://money.com/best-investment-apps/
- https://www.creditkarma.com/investments/i/best-investing-apps-for-beginners
- https://www.mymillennialguide.com/acorns-competitors/
Money posts:
12 Best Micro Investing Apps Right Now (2024)
Tastytrade (formerly Tastyworks) Review (2024)
Leaving Robinhood? 9 Robinhood Alternatives That Are (2024)
What is Insider Trading and How Do You Avoid It?
Webull vs. Robinhood | What Sets Them Apart?
Webull vs. TD Ameritrade: Which Broker is Best for You?
Webull Review – A Robust Free Trading App
12 Best Investment Apps of 2024
