Top Five Apps For Your Investment Needs!
Investing online has become simple nowadays — all you need is an investment app. Last year, the number of apps downloaded counted up to a staggering 149.3 billion, and this number is all set to accentuate to 197 billion by the end of 2018 before zooming higher up to 352.9 billion by the year 2020. The latest study reveals that savvy investors in the US access at least nine apps on a daily basis and 30 in a month. If you want to be a savvy investor, here are a few investment apps that have gained wide currency among investors of today. But before you choose any of these available apps on the marketplace, you must go through the minute details since there are high chances that such costs may include commissions of brokers and advisors, too. The following apps are available on both iTunes and Google Play and are completely free to download.
The Acorns app can be linked to your debit as well as credit cards, and it also functions with PayPal. This makes your savings simplified by rounding up the total cost you incurred while making a purchase to the nearest dollar and putting the change on investments. This app offers you simple investment tips and along with that, incentives by predicting the real picture of your exact financial situation after 30 years, considering your continuous investing approach. Although Acorns work best with taxable accounts at the present moment, it also works with traditional accounts and retirement accounts, too. The only disadvantage is that there is no tax-harvesting feature present in this app.
Robinhood proffers trading free-of-cost for self-directed cash or margin brokerage accounts. Before you dive in, go through all the associated costs that are listed which may include a fee of $50 every time you trade in securities that are foreign-listed or a broker-assisted trade fee of $10. By incorporating a stock on your watch list, you will receive notifications about ebbs and flows of the share price. Over-the-counter stocks are not available in Robinhood and that makes trading cumbersome.
This app has all the support from Pacific Life Insurance Co., and this particular investing platform contains innovative themes that are based on clean water, renewable energy, zero waste, green technologies, disease eradication, and healthy living – all of which are sustainable environmental protection objectives of the United Nations. Portfolio assets are reviewed and rebalanced every quarter to make sure that assets are in complete alignment with the goals of the UN. Swell Investing’s major advantage is that it functions with taxable accounts or a retirement account where you would get options for SEP IRA, Roth, or a traditional account as well. Expense ratios are not available since Swell allows investing in stocks only, not ETFs.
Stash offers you over 30 investment options that investors generally choose based on preference and risk tolerance. Unconventional nomenclature of investment options is one feature that makes this app unique. The app plays an important role in helping users to invest automatically and to keep all their transactions cheaper at the same time. You need to shell out an account fee of $1 every month if you have a balance of less than $5000 and 0.25 every year if your balance is $5000 or above.
This app functions as a middleman and connects investors to third-party brokerage accounts, as well as SigFig advisors. It offers investment advice, along with two additional services such as a managed account and a portfolio tracker that come entirely free of cost. You can avail these two services on the live chat, too. The managed account comprises reinvesting, automatic rebalancing, access to a professional financial advisor, and tax-loss harvesting. The yearly fee includes trading costs, but tax-loss harvesting may incur a trade fee that’s separate from the brokerage. Other apps will provide a longer and a detailed history of individual brokerage accounts, but SigFig offers an overview that encompasses three years of trading history.
These apps can be really helpful if you want to get access to the high-priced shares, and these can actually make investing a lot easier than you ever thought. But before taking a step forward, you must go through the finer details of such apps to avoid paying commissions to brokers and advisors and to see which one suits you the most.
More in Business & Investments
More Than Just Public Figures – These Three Celebrities Are Entrepreneurs!
A lot of celebrities get criticized for simply getting paid for existing and breathing. That’s not too far from the truth...March 24, 2019
For The Love Of Bikes — Here Are Five Celebrity Bikers!
It is not unknown how celebrities love their luxury cars, even alloting a couple of hundred thousands to get it customized....March 21, 2019
Four Tips To Set Up a Quick and Dependable Emergency Fund
There’s virtually no good reason whatsoever to not have an emergency fund at the ready. You’ll never be able to anticipate...March 20, 2019
Choosing A Vegan Lifestyle? Here Are Tips To Help You Begin!
So you are all set to do a Miley Cyrus? Or a Tobey Maguire? What’s eating you then? Going vegan one...March 19, 2019
Looking To Start Forex Day Trading? Avoid These Costly Mistakes FIRST!
There are certain Forex day trading practices that can prove to be costly in the long run, but it is highly...March 17, 2019
How To Max Out Your Savings While Making The Planet A Tad Greener
Can you save money and nature at the same time? Most of the time, you have been busy toiling hard at...March 14, 2019
How To Earn Extra Cash By Selling End-of-Life Items You No Longer Need
Do you feel as if you are not earning enough money and you should step up your game to get rich?...March 12, 2019
Your Guide To Living The Life Of A Movie Buff
Do you ever look at top critics on websites like Rotten Tomatoes and wish that you had the sort of insight into...March 11, 2019
Are You A New Home-Owner? Here Are Some Important Mortgage Refinancing Mistakes You Should Be Aware Of
Refinancing your mortgage isn’t something you should take lightly, and while you might get plenty of chances during your lifetime to...March 10, 2019