If you are looking for the best investing apps 2024, it can feel kind of draining. When it comes to investing, just the concept of investment accounts can feel overwhelming.
For investors at the beginning of their personal finance journey, you can feel like you don’t even know where to start. You may have heard terms that feel complicated, like investment strategy and margin trading, and you don’t know the first thing about how to trade stocks.
Hey, by the way, what even is an investment app?
Don’t worry about all that. That could just be some big scary Wall Street guys trying to scare (or impress) you with big words.
The good news is, there are plenty of investing apps available that can help make the process to begin investing more accessible and less intimidating, and the even better news is we are about to go over the best investment apps right now!
In this blog post, we’ll be discussing the best investing apps to utilize in 2024.
#1 Acorns
Acorns is one of the best investing apps for those who are just starting to invest. Acorns has a unique approach to automated investing by rounding up your purchases to the nearest dollar and investing that change for you into a personalized portfolio.
Plus, the app has a range of educational materials and tools to help you better understand your investments.
You can also do set it and forget it investments, like a set $50 a month contribution. This app is intuitive and easy to use.
Acorns also offers cash back at 450 retailers.
Acorns is not one of the best investment apps for you if you plan to maintain a fairly small balance. Acorns charges kinda high fees on small account balances.
Set it, forget it and watch your money grow!
#2 Robinhood
Robinhood is a popular trading platform app for both beginners and advanced investors. It offers commission-free trades on stocks, exchange traded funds (ETFs), and cryptocurrencies.
This is one of the mobile apps where mutual funds and bonds are not available.
Robinhood also has a user-friendly app design and educational resources to help you maximize your investments. And for women who want to invest ethically, Robinhood has a list of diverse companies that provide transparency about their diversity and inclusion efforts.
#3 Betterment
Betterment is a robo-advisor that creates a personalized investment portfolio based on your goals and risk tolerance. It also offers automatic rebalancing and tax-loss harvesting to manage your portfolio.
This investment platform offers automated portfolio management when starting an account with just $10.
The app charges a low annual management fee, and its website has a variety of resources to help first-time investors understand the basics of investing.
#4 Ellevest
Ellevest is specifically designed for women investors. The app caters to women’s financial objectives, frustrations, and career paths, which are all unique aspects of our financial journeys.
Ellevest charges $12 a month. This includes discounted access to financial professionals and financial planning tools.
It creates personalized investment portfolios based on a woman’s salary, goal-time frame, and other unique characteristics. The app is committed to transparency, and it has a handy range of educational materials to help women invest with confidence.
#5 Stash
Stash is a beginner-friendly investing app that allows users to buy fractional shares of stocks and ETFs with as little as $5.
Managed Smart Portfolios require $5 to get started. The app charges $3-$9 a month. The fee depends on your account type and what services you are using.
The app offers personalized portfolios and educational resources in one platform. The app also helps users learn about investing by providing additional educational content on subjects such as budgeting and credit scores.
If you just want a set it and forget it trading platform, this may not be the best app for you. It offers more than you may actually need if you are looking to be more hands off.
Investment Apps
Investing doesn’t have to be overwhelming, thanks to all the investing apps available today. We hope this post has provided you with some valuable insight into the best investing apps available, specifically for women.
With the right app, educating yourself can be made simple, and you can start investing with confidence. Remember, the key to successful investing is to have a long-term outlook and follow a disciplined approach to investing.
Do your research, seek investment advice, and ask friends and those you trust what investing apps they are using, and then make the decision that works best for you.
Once you have your own portfolio and see it growing, you will have the confidence to continue to build a future for yourself.
Happy investing!
