If you’re like most people, your phone has replaced nearly all other devices in your life. And with the rise of mobile technology comes a whole new way to invest your spare change. Investing apps have become incredibly popular in the past few years as we’ve seen our cash balances expand and interest rates fall. But which investment app is right for you? Read on to find out more about the top 10 investing apps of 2022!
Acorns
Acorn is a micro-investing app that helps you invest your spare change. You can link your credit card, bank account, and debit card to the app, so all of your money goes directly from those accounts into Acorns’ digital piggy bank. The app also offers low-fee investing options if that’s more in line with what you’re looking for—but it’ll cost less than your average broker would charge (though this varies by broker).
If you want something simple and easy to use but don’t need any bells or whistles, Acorns might be for you!
Coinbase
Coinbase is a digital currency exchange that lets you buy and sell Bitcoin, Ethereum, Litecoin, and many others. It also offers other services, such as a wallet where you can store your digital assets, which are represented by the symbol COIN.
Coinbase supports Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). You can also use it to trade between cryptocurrencies on their platform or convert your coins into fiat currency like dollars or euros via the Coinbase app for Android or iOS devices.
Robinhood
Robinhood is a free, commission-free stock trading app that lets you trade stocks, ETFs, and options on the go. The platform offers no minimum deposit amount or fees for trading. It’s available on iOS devices, making it easy to use wherever you are—even while driving!
The app also has some cool features: you can invest in stocks, ETFs, and options; get instant access to your funds; trade on margin (up to 1% above the value of the position); monitor portfolio performance in real-time via live charts or historical data; and save your favorite settings for quick access later.
Stash
Stash is one of the top digital investing apps that offers a no-fee investment account with no minimum balance. You can invest in ETFs, stocks, and bonds, and your contributions are automatically deposited into your account each week.
Stash has dozens of portfolios to choose from—including ones based on the market capitalization of publicly traded companies (Amazon), the S&P 500 index (U.S.), or Vanguard’s Total Stock Market Index Fund—and you can set up automatic deposits so that you never have to think about it again! The app is available on the apple store
Wealthfront
Wealthfront is a roboadvisor that offers automatic investment management and low fees, but it lacks some of the customization options offered by other robo-advisors.
The company has built its brand around the idea of helping you invest your money in the best way possible while still keeping costs low. The service utilizes algorithms to monitor your holdings and rebalance them automatically based on market trends, allowing you to maintain control over how much time you spend managing your investments (or not).
It also provides a wide range of investment options for those looking to diversify their portfolios across different asset classes, such as stocks or bonds, but does not provide customized allocation strategies or personal financial goals like some other robo-advisors (such as Betterment). The app is available on the Apple store.
Wealthsimple Invest
Wealthsimple Invest is one of the most popular investment apps among millennials. It’s easy to use, has low fees, and offers a lot of features that make it convenient for beginners or those who want to learn more about investing.
The app lets you invest in stocks, bonds, and ETFs (exchange-traded funds). You can also read up on market news and see how your portfolio performs over time by logging into your account online at Wealthsimple.com or via their app on iOS devices.
M1 Finance
M1 Finance is a robo-advisor that offers a unique portfolio of ETFs. It’s one of the most popular investment apps for no good reason, and for a good reason: it’s easy to use and has a great user interface.
With M1, you can choose from a variety of ETFs to build your portfolio. It’s also one of the only Robo-advisors that offers commission-free trading and no account minimums. The downside is that it requires a $100 deposit in order to open an account. You can download the app from the Apple store
Conclusion: Top Investing Apps
I’m glad you stopped by to see what these apps have to offer. They are all great ways to invest, and it’s easy to get started with any one of them. If you choose one, make sure that it is in line with your personal goals and financial situation.
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