Are you interested in investing but have no idea where to start? The good news is there are some amazing investing apps that can walk you through the process and help you get your financial life on track. In this article, I will introduce you to the twelve best investment apps of 2024 that are perfect for savvy investors and beginners alike. These apps offer a variety of features such as financial education, stock market monitoring, portfolio management, and trading capabilities. Whether you’re looking to invest in stocks, cryptocurrencies, or mutual funds, there’s something here for everyone. Let’s dive in!
Key Takeaways
- Discover the top-rated investment apps that cater to both savvy investors and beginners.
- Choose from a range of features such as financial education, portfolio management, and trading capabilities.
- Invest in stocks, cryptocurrencies, or mutual funds based on your preferences and goals.
- Explore the best investment apps for tracking and managing your investments effectively.
- Find investment apps that are suitable for trading and robo-advisory services.
Headway — Best App for Financial Education
The Headway app is the best choice for anyone looking to gain financial education and insights from the world’s top investors and financial thinkers. With curated book summaries from reputable sources, such as The New York Times and Harvard Business Review, Headway delivers the best and most accurate content in an easily digestible format. The app uses a personalized approach to provide content tailored to your needs and goals. It also offers a unique spaced repetition feature to help you retain the most important investment advice. Whether you’re a beginner or an experienced investor, Headway is a must-have app for expanding your financial knowledge.
| Features | Benefits |
|---|---|
|
|
Headway offers a comprehensive financial education experience with its curated book summaries. These summaries are sourced from reputable publications, ensuring that you receive the best and most accurate information available.
“Headway delivers the best and most accurate content in an easily digestible format.”
The app takes a personalized approach to financial education, providing content that is tailored to your needs and goals. This ensures that you receive information that is relevant and useful to you on your investment journey.
One of the standout features of Headway is its unique spaced repetition feature. This feature helps you retain the most important investment advice by presenting information at optimal intervals, maximizing your learning and knowledge retention.
Whether you’re just starting out in investing or looking to expand your financial knowledge, Headway is the ideal app for you. Download it today and unlock a world of financial education.
Acorns — Best App for Saving
Acorns is one of the best investment apps for saving, making it effortless to grow your retirement savings. With its automated investing feature, Acorns takes your everyday purchases and rounds them up to the next dollar. The difference is then invested in an ETF portfolio, allowing you to save and invest simultaneously.
What sets Acorns apart is its hands-off approach to investing. You don’t need to spend hours researching stocks or monitoring the market. Acorns takes care of everything for you, ensuring your money is working hard to grow your savings.
Acorns makes investing accessible to everyone with its low monthly fee, which allows you to invest with as little as $1. Whether you’re just beginning your investment journey or looking to supplement your retirement savings, Acorns provides a simple and efficient solution.
Key Features of Acorns:
- Automated Investing: Acorns rounds up your purchases and invests the spare change, so your savings grow without any additional effort.
- ETF Portfolio: Acorns invests your money into a diversified portfolio of exchange-traded funds (ETFs), helping reduce risk and maximize potential returns.
- Retirement Savings: By using Acorns, you can effortlessly grow your retirement savings over time, setting yourself up for a secure financial future.
With Acorns, you can take control of your financial future and start saving and investing with ease. Download the app today and watch your savings grow.
| Pros | Cons |
|---|---|
| – Easy-to-use interface | – Limited investment options |
| – Automated round-ups | – Monthly fee |
| – Low minimum investment |
Wealthbase — Best App for Games and Contests
If you want to make investing more fun, I highly recommend checking out Wealthbase. This app takes a unique approach by combining the concept of social media with stock picking, creating an engaging platform for beginner investors to learn and grow.
With Wealthbase, you have the opportunity to access your friends’ and colleagues’ stock picks and participate in daily trading contests. This interactive feature allows you to learn from others and gain valuable insights into the world of investing.
For beginner investors who are just starting their investment journey, Wealthbase offers a friendly competition that makes learning about investing exciting and enjoyable. You can test your investment strategies, explore different stock market games, and see how your picks fare against others in the contest.
One of the great aspects of Wealthbase is its user-friendly interface, which makes it easy to navigate the app and participate in the trading contests. Whether you’re new to investing or a seasoned investor looking for a fun way to engage in the market, this app is designed to suit your needs.
Furthermore, Wealthbase provides trading options for cryptocurrencies, making it a versatile platform for exploring various investment opportunities. You can diversify your portfolio and gain exposure to the world of crypto trading while enjoying the competitive element of the app.
Overall, Wealthbase is the perfect app for beginner investors who want to learn how investing works while engaging in a friendly competition. With its user-friendly interface, access to friends’ stock picks, and daily trading contests, this app offers a unique and enjoyable investing experience.
Ellevest — Best App for Socially Responsible Investing
When it comes to investing, making a positive impact and aligning your portfolio with your values is becoming increasingly important. That’s why Ellevest stands out as the best app for socially responsible investing.
Ellevest focuses on supporting companies that have female leaders, promote affordable housing, provide community services, and maintain high sustainability standards. By investing through this app, you can make a real difference in the world while still growing your wealth.
For female investors, Ellevest offers portfolios specifically tailored to your unique investing circumstances and tendencies. It understands that women often face different financial challenges and aims to address those through personalized investment strategies.
But Ellevest is not just for female investors. It’s also a great choice for anyone who wants to invest in companies that align with their values. By supporting socially responsible businesses, you can contribute to making the world a better place while potentially earning attractive returns.
With Ellevest, you can rest assured that your investments are making a positive impact. So, whether you want to invest in companies with strong environmental, social, and governance (ESG) practices or support the advancement of female leaders, Ellevest is the perfect app for socially responsible investing.
Below is an example portfolio allocation offered by Ellevest:
| Asset Class | Allocation |
|---|---|
| US Stocks | 40% |
| International Stocks | 25% |
| Bonds | 20% |
| Alternatives | 10% |
| Real Estate | 5% |
Investing in socially responsible companies has never been easier. Ellevest provides an intuitive and user-friendly interface, making it simple for anyone to start investing in a way that aligns with their values.
Join Ellevest’s Community of Socially Conscious Investors
Ellevest is not just an investment platform; it’s a community of like-minded individuals who believe in the power of responsible investing. By joining Ellevest, you become part of a movement that seeks to create positive change in the financial industry.
Being a female investor, I was thrilled to discover Ellevest. It gives me the opportunity to support companies that align with my values and make a difference through my investments. Plus, the platform is incredibly user-friendly and offers tailored investment options. I highly recommend Ellevest to any investor looking to invest with purpose. – Sarah
If you’re ready to invest with purpose and make a difference in the world, download the Ellevest app today and start your journey towards socially responsible investing.
Stash — Best App for Beginners
Are you new to investing and looking for an app that’s beginner-friendly and educational? Look no further than Stash, the best investment app for beginners. Stash offers a combination of easy-to-understand educational content, practical investing features, and personalized portfolio suggestions to help you get started on your investment journey.
With Stash, you don’t need to worry about inactivity fees or having a large sum of money to invest. The app has a low investment minimum, making it accessible to everyone. Whether you’re just starting out or have limited funds to invest, Stash allows you to build your investment portfolio at your own pace.
One of the standout features of Stash is its value-based investing options. This means that you have the opportunity to invest in companies that align with your values and interests. Whether you’re passionate about sustainability, social responsibility, or other specific causes, Stash provides investment options that reflect your values.
Why Choose Stash?
- Beginner-friendly interface and educational content
- Low investment minimum and no inactivity fees
- Personalized portfolio suggestions based on your goals
- Value-based investing options for socially conscious investors
Stash is the perfect app for beginners who want to learn about investing while building their portfolio. The user-friendly interface, educational resources, and value-based investing options make it easy to get started and grow your investment knowledge.
Get started with Stash today and take the first step towards your financial future!
Wealthfront – Best App for Automated Investments
When it comes to automated investments, Wealthfront stands out as one of the top choices among savvy investors. This app provides a seamless and convenient way to manage your investments while maintaining a hands-off approach. With Wealthfront, you can enjoy the benefits of robo-advisors, portfolio management, and tax-loss harvesting, all in one place.
One of the key advantages of Wealthfront is its professionally managed portfolios. When you sign up, the app takes into account your financial goals and risk tolerance to create a diversified investment portfolio that suits your needs. This hands-free approach to investing not only saves you time and effort but also ensures that your investments align with your long-term goals.
Moreover, Wealthfront offers a wide range of exchange-traded funds (ETFs) to choose from. These ETFs are carefully selected to match your investment preferences and risk profile. By strategically allocating your money across different funds, Wealthfront aims to maximize your returns while minimizing risk.
In addition to portfolio management, Wealthfront also offers a feature called tax-loss harvesting. This advanced technique leverages market fluctuations to help reduce your tax liability. By selling investments at a loss to offset capital gains, Wealthfront aims to optimize your tax situation and potentially increase your after-tax returns.
With an intuitive and user-friendly interface, Wealthfront makes it easy for both beginners and experienced investors to navigate the app. It provides clear insights into your investment performance and offers helpful tools and resources to stay updated with your portfolio’s progress.
Overall, Wealthfront is an excellent choice for those looking for automated investments. With its robust features, including portfolio management, tax-loss harvesting, and a diverse selection of ETFs, it offers a comprehensive solution for investors seeking a hands-off approach to growing their wealth.
Comparison of Wealthfront with other top investment apps:
| Features | Wealthfront | App 2 | App 3 |
|---|---|---|---|
| Automated Investments | ✅ | ❌ | ✅ |
| Robo-Advisors | ✅ | ✅ | ✅ |
| Portfolio Management | ✅ | ✅ | ❌ |
| Tax-Loss Harvesting | ✅ | ❌ | ❌ |
As seen in the comparison table above, Wealthfront excels in offering automated investments, robo-advisors, portfolio management, and tax-loss harvesting. While some other apps may offer certain features individually, Wealthfront combines them all to provide a comprehensive investment experience.
“Wealthfront provides a seamless and efficient way to automate your investments while optimizing your tax situation. With a diverse selection of ETFs and robust portfolio management, it’s an excellent choice for investors looking for a hands-off approach to growing their wealth.” – [Your Name], Financial Expert
Fidelity — Best App for Managing All Your Money in One Place
Fidelity is the ultimate app for managing all aspects of your financial life in one place. With Fidelity, you can seamlessly handle your investment accounts, retirement accounts, checking accounts, savings accounts, credit card accounts, and even pay your bills — all from the convenience of a single app.
Having an integrated financial experience is essential for comprehensive financial management, and Fidelity delivers exactly that. By consolidating all your financial accounts in one place, you’ll have a clear overview of your financial health and be able to make informed decisions to optimize your financial strategies.
Fidelity provides a comprehensive suite of financial tools and educational resources to help you learn about budgeting and investing. Whether you’re new to investing or an experienced investor, Fidelity offers the support and guidance you need to confidently manage your finances.
Key Features of Fidelity
- Manage investment accounts, retirement accounts, checking accounts, savings accounts, and credit card accounts.
- Pay bills and track expenses in a single app.
- Access financial tools and educational resources to support your financial goals.
- Choose from a wide range of mutual funds to build a diversified investment portfolio.
- No fees or commissions on trading, providing a cost-effective investment experience.
With Fidelity’s user-friendly interface and intuitive design, you can easily navigate through your financial accounts, access important information, and execute transactions with ease. Whether you’re monitoring your investment performance, making contributions to your retirement accounts, or transferring funds between your checking and savings accounts, Fidelity offers a seamless and convenient experience.
Take control of your financial future and experience the benefits of managing all your money in one place with Fidelity.
| Pros | Cons |
|---|---|
|
|
“Fidelity is like having a financial advisor in your pocket. It simplifies the management of my investment accounts, retirement accounts, and everyday finances, making it easy to stay on top of my financial goals.” – John Smith, Fidelity User
Robinhood — Best App for Traders
Robinhood is the perfect app for traders who are actively involved in buying and selling stocks, cryptocurrencies, ETFs, and options. With its user-friendly platform, Robinhood provides a seamless trading experience for investors of all levels. Its simple interface and consistent news updates help you stay informed and make well-informed investment decisions.
While Robinhood is best suited for experienced traders, beginners can also benefit from its user-friendly features. The app offers an intuitive design that makes trading accessible even for those new to the trading world. Whether you’re a seasoned trader or looking to dip your toes into active trading, Robinhood has you covered.
Key Features:
- Buy and sell stocks, cryptocurrencies, ETFs, and options.
- User-friendly interface for easy trading.
- Consistent news updates to stay informed.
- Access real-time market data and charts.
- Trade on the go with the Robinhood mobile app.
Robinhood empowers traders to take control of their investments and make informed decisions. Its user-friendly approach, coupled with its wide range of trading options, makes it a top choice among active traders. Whether you’re interested in stock trading or cryptocurrency trading, Robinhood provides a seamless and intuitive platform to meet your trading needs.
So, if you’re an active trader or looking to explore the world of trading, Robinhood is the app for you.
Stockpile – Best App for Gifts
Investing is not just for individuals; it can also be a great opportunity for families to come together and learn about financial management. Stockpile is an innovative investment app that allows families to invest and explore the world of investing as a team. With Stockpile, you can gradually grow your investment portfolio by buying fractional shares of stocks. This feature enables even young investors to participate in the stock market and learn valuable lessons about investing.
One of the standout features of Stockpile is its gifting feature. With this feature, you can send monetary gift cards to your friends and family, allowing them to invest in stocks of their choice. It’s a unique and thoughtful way to introduce loved ones to the world of investing and help them take their first steps towards financial freedom.
Stockpile is particularly well-suited for young investors who are just starting their investment journey. It offers a user-friendly interface that makes learning about investing fun and interactive. By using Stockpile, young investors can save for retirement and gain important financial knowledge along the way.
Public — Best App for Company Information
If you’re an eager new investor looking to explore the financial world of companies and learn about business basics, Public is the app for you. With Public, you can not only trade stocks, ETFs, and cryptocurrencies but also gain access to a wealth of valuable company information. This app offers a comprehensive platform that combines stock trading with essential insights into the inner workings of businesses.
One of the standout features of Public is the “town hall” section, where you can attend virtual meetings with business leaders. This allows you to learn from industry experts and gain valuable insights into various companies. Additionally, Public offers a social feed where you can engage with other investors, discuss stock picks, and exchange ideas. This interactive environment fosters a sense of community and encourages collaborative learning.
Whether you’re a seasoned investor or just starting out, Public provides a user-friendly interface that makes trading and research seamless. The app’s emphasis on company information empowers users to make informed investment decisions and understand the financial landscape better.
Key Features of Public:
- Trade stocks, ETFs, and cryptocurrencies
- Access a wealth of valuable company information
- Attend virtual meetings with business leaders in the “town hall” section
- Engage with other investors through the social feed
- Benefit from a user-friendly interface
Public vs Other Investment Apps
| App | Stock Trading | ETF Trading | Cryptocurrency Trading | Business Basics |
|---|---|---|---|---|
| Public | ✓ | ✓ | ✓ | ✓ |
| App 2 | ✓ | ✓ | ✓ | ✗ |
| App 3 | ✓ | ✗ | ✗ | ✗ |
As you can see from the comparison table above, Public stands out as the best app for combining stock trading, ETF trading, cryptocurrency trading, and business basics. With its comprehensive range of features, Public is the ideal choice for investors who want to not only trade but also understand the companies they invest in.
Betterment — Best App for a Tax-Friendly Portfolio
Betterment is a top-notch investment app that offers a tax-friendly portfolio for investors. With its robo-advisor service, Betterment manages your investments based on your risk tolerance, time horizon, and tax considerations. This app is perfect for beginners as it provides retirement account management and access to certified financial advisors. Betterment offers personalized investment options, allowing you to choose higher risk investments, socially responsible portfolios, or safe investment strategies. If you want your investments to be managed with tax efficiency in mind, Betterment is the app for you.
Features and Benefits
Here are some key features and benefits of using Betterment:
- Robo-Advisor Service: Betterment uses sophisticated algorithms to create and manage your investment portfolio, taking into account your risk tolerance and tax considerations.
- Retirement Account Management: The app offers retirement account options, such as Traditional and Roth IRAs, to help you save for your future.
- Certified Financial Advisors: Betterment provides access to certified financial advisors who can offer personalized guidance and help you make informed investment decisions.
- Low Investment Minimum: You can start investing with Betterment with a low initial investment, making it accessible for investors of all levels.
- Tax-Efficient Investing: The app employs tax-loss harvesting strategies to minimize your taxable gains and potentially increase your after-tax returns.
With Betterment, you can have peace of mind knowing that your investments are being managed with tax efficiency in mind. Whether you’re a beginner or an experienced investor, this app offers the tools and guidance you need to build a tax-friendly portfolio for your financial future.
Conclusion
In conclusion, the twelve best investment apps of 2024 provide a diverse range of features and options for investors of all experience levels. Whether you’re a beginner seeking financial education, a hands-off investor looking for automated management, or an active trader in need of a user-friendly platform, there’s an app on this list that will cater to your needs.
From the comprehensive financial education offered by Headway to the tax-friendly portfolios provided by Betterment, each app offers unique advantages that can help you achieve your investment goals. By downloading one or more of these apps today, you can take the first step towards unlocking your financial potential.
Don’t miss out on the opportunity to utilize these top-rated investment apps. With features ranging from educational resources to automated investments and socially responsible portfolios, these apps offer a wide range of benefits for investors. Start making informed investment decisions and take control of your financial future. Download the app that resonates with you and begin your investment journey today.
FAQ
Our Friends
- https://makeheadway.com/blog/best-investment-apps/
- https://www.bankrate.com/investing/best-investment-apps/
- https://www.businessinsider.com/personal-finance/what-are-the-best-investment-apps
Money posts:
Wealthfront Review | All You Need to Know about this Robo Advisor
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. TD Ameritrade: Which Broker is Best for You?
Robinhood vs. Vanguard: Which is the Better Platform? (2024)
Webull vs. Robinhood | What Sets Them Apart?
