20 Best Investment Apps To Boost Your Income
We’ll look at all of these apps in detail below, but here’s a summary of our top choices for each purpose:
- Best overall: Public.com
- Best for new investors: Public.com
- Best analysis tools from a trading platform: Webull
- Best for automated investing: M1 Finance
- Best for real estate: Fundrise
- Best portfolio optimization: Tornado
- Best for personalized financial education: Tornado
- Best ease of use: Robinhood
- Best for trading crypto: eToro
- Best managed portfolio: Titan
- Best managed crypto portfolio: Domain Money
- Best banking/investing combo: Stash
- Best for investing spare change: Acorns
- Best for research: StockRover
- Best financial dashboard: Personal Capital
- Best for stock rewards: Bumped
- Best for gifting stock: Stockpile
Public.com is the best choice for new investors and generally the most popular trading app. It is an excellent choice for beginners as it offers a clean, non-threatening, easy-to-use interface and the opportunity to learn more about the investment.
You will also appreciate the usefulness of the themes created by Public.com. Subject is a list of stocks and funds by category or purpose, so you can easily find the type of investment you are looking for. Themes include dividend stocks, women-run companies, artificial intelligence, green energy, and more. The social aspect of Public allows you to follow other active investors, learn from their trades, and participate in investment conversations. You can also create a group or join an existing group to network with other users. Whether you’re communicating with friends or people you’ve met through the app, the social aspect is super fun. Public.com also offers a virtual town hall where you can hear and interact with public company executives.
You can trade stocks, ETFs and cryptocurrencies through Public.com. It’s ideal for new investors because you can start with $ 1, trade stocks and ETFs without fees, and you can buy partial stocks.
Webull offers free trading of stocks, ETFs, options and cryptocurrencies. Webull also doesn’t require a minimum account, which makes it another great option for new investors. Additionally, they recently added the ability to buy fractional shares, thus eliminating one of the biggest drawbacks of this investment app.
While Public.com is simpler and more intuitive, Webull offers advanced reporting and analytics features that many investors, especially advanced ones, will love. Read more in our Webull review.
M1 Finance provides free automated investing. You can invest automatically in a custom stock and ETF portfolio based on your chosen criteria. M1 Finance offers many of the same benefits as a robo advisor like Betterment or Wealthfront, but without the fees, making it possibly the best investing app for long-term goals.
You can choose from 80 expert-made portfolios (they refer to them as “pies”) or create your own custom portfolio and determine your approach. Then, all you need to do is contribute money to your investment account, and M1 Finance will automatically invest it according to your settings. You can also rebalance or restructure your entire portfolio at any time with one click.
You can also buy fractional shares through M1 Finance and there are no commissions on the deal. Simple, effective and free investment platform.
M1 Plus ($125 per year, first year free) offers you a deposit account, interest-bearing checking account, soft loans, and other perks, but the free account is sufficient for most users.
Fundrise is the only investment app on the list that focuses solely on the real estate sector. This popular crowdfunding platform offers the easiest way to diversify your portfolio by adding properties to your mix.
Traditional real estate investing has some serious drawbacks, such as the large amount of money and time it takes to manage a rental property, but Fundrise makes it easy and affordable. Also, since it is a passive investment, you can own a portion of your valuable real estate portfolio without having to own it. You can also get started with just $ 10. Investing in real estate is a proven way to increase wealth. Fundrise, one of the industry leaders, makes this asset available to everyone. And most importantly, Fundrise returns have been impressive since the launch of this platform.
When you invest with Fundrise, you have a portion of the US real estate portfolio instead of investing in a property. In addition, Fundrise offers several different strategies to meet your investment goals, such as long-term growth or additional revenue.
Tornado is a different type of investing and trading platform. It’s an ideal option for anyone looking to learn more about investing because there are several different educational components to it. First, Tornado’s Learn and Earn allows all active users to earn up to $50 for completing basic lessons on foundational investing topics. Each lesson takes no more than five minutes, and the money you earn can be immediately invested.
There’s a social aspect of Tornado that allows you to connect with other users and gain experience. You can see what other users are investing in, check out their investing ideas, and see where they rank among other Tornado users (rankings are only shown for users who are in the top 50%).
Tornado users also have access to experienced members of the community called Community Thought Leaders. You can ask questions and get feedback, which is valuable one-on-one access not available through other platforms or apps.
Possibly the most noteworthy feature of Tornado is the Optimizer, which allows you to optimize your portfolio at any time with a single click. It aims to maximize your investment returns while staying within your comfort zone in terms of risk. This feature makes the tornado a legal alternative to Robo Consultants.
Tornado cost structure is different from other programs we have seen so far. There is a monthly subscription fee of $ 7.99 and 40 free transactions per month. Alternatively, you can unsubscribe and pay $ 4.50 per transaction. So, if you want to trade at least twice a month, it is cheaper to use this plan. While there are other apps that offer fee-free transactions with no subscription fees, Tornado’s optimizer justifies the cost to many investors.
Robin Hood is a popular mobile securities app that makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The company has had a significant impact on the industry through groundbreaking free trade agreements, odd lots and no minimum investment. This is a great option for beginners and is currently the most popular stock trading app.
Robin Hood’s mission is to make investment accessible to everyone. Robin Hood is also very easy to use as it targets new investors. The user interface on mobile or desktop is clean, well designed and intuitive.
Compared to Public.com, Robinhood offers options trading but lacks social features. The public is also offering more cryptocurrencies.
eToro is somewhat comparable to Robinhood and Public.com as investment apps, but with a focus on cryptocurrencies. You can trade stocks and ETFs for free and buy fractional shares (just $10).
eToro stands out in cryptocurrency trading. Many more crypto tokens are available on eToro than on any other platform covered here. They also offer a smart wallet, a ready-made crypto wallet that offers great options for getting started with cryptocurrencies. They also offer a unique option to copy the best digital currency traders. When they make a transaction, eToro will automatically do the same for you. It looks like a sack that encloses with a drawstring.
eToro also provides a social aspect so you can connect with other investors and traders.
When you create an account in the Titan app, you will be asked a few questions about yourself, your preferences and your investment goals. Titan then suggests a combination of the four strategies to build your portfolio. Of course, you can ignore their suggestions and assign percentages differently if you like.
Titan has only been around for a few years, but so far they have an impressive track record. They outperformed nearly all other investment managers and robo advisors. You also have the option to withdraw your investment at any time, so it is completely liquid.
There is a 1% investment management fee with Titan, but no performance fees like you would pay with a hedge fund or some alternative investment.
A 1% fee applies to accounts with balances of $ 10,000 or more. If your balance is less than $ 10,000, the commission is $ 5 per month.
If you’re looking for a hands-free way to invest your money and want to increase your long-term growth, be sure to check out Titan.
Domain Money is currently only available as an iOS app. Android apps and desktop access are coming soon, but for now only iPhone and iPad users can invest.
Domain Money has had limited performance as a startup so far, but its portfolio has shown impressive results based on backtesting.
If you’re interested in cryptocurrencies, NFTs, and metaverses, but have little experience or time to research investments yourself, Domain Money’s Managed Wallet might be for you.
Each portfolio has an annual management fee of 1%, but no performance fee. Depending on the strategy you choose, you can start with a minimum of 100 to 500. Your investment will be fully cashless and unlocked.
Stash offers investing, savings and banking with a focus on new investors. You can build your own custom portfolio starting for under $5. Stash supports automated investments with direct debits that you manage. Investing in stocks and ETFs can be used with fractional shares.
One of the unique features of Stash is the “Saving Card”. This card works in the same way as traditional cash back credit cards. However, instead of earning cash or other rewards, you will increase your investment balance.
Stash does not offer free accounts. Stash requires a subscription and currently offers three pricing plans: $1 per month, $3 per month, and $9 per month. Each plan includes life insurance (coverage ranges from $1,000 to $10,000 depending on the plan).
Perhaps the most notable feature of Stash is its smart wallet, which is a viable alternative to bot advisors. This allows you to build a diversified portfolio while automating your investments and automatically rebalancing every 3 months.
Oaks are a unique auto-saving tool. The rounding feature allows you to automatically invest the remaining changes from your daily purchases. You are unlikely to notice the “lost” money being invested in you, but it can help your investment balance grow faster.
With Acorns, you can take advantage of microfinance so that anyone can start investing for a small amount of money.
The money invested in Acorns is basically automatically managed as a Robo Advisor. It’s completely hands-free, so all you have to do is keep adding money to your account. Acorns is not a trading app that allows you to buy and sell stocks, ETFs or crypto.
Acorns also offers banking facilities including a checking account and debit card. He also has an investment account for kids called Acorns Early.
Two different plans are offered. You can get a $ 3 / month individual plan or a $ 5 / month family plan.
StockRover is different from the other investment programs covered here because you will not be investing through StockRover. Instead, StockRover provides information and data that can help you make better investment decisions.
Most of the popular investment programs listed above offer data or analysis tools, but they are usually minimal. Professional investors use data a lot, but the traditional tools and resources used by professionals are expensive and beyond the reach of most people. StockRover changes it. StockRover brings you powerful stock screening tools, comparison tools, research reports and charts. You can also link it to your brokerage account and view up-to-date performance metrics.
Prices start at $ 7.99 per month, but a free 14-day trial is available. Regardless of which investment or brokerage program you use, StockRover can play an important role in your decision making.
Personal Capital offers a wealth management service that is somewhat of a hybrid between a robo advisor and a traditional financial advisor. As a Personal Capital client, you’ll have a dedicated advisor, but they also make excellent use of technology.
Although wealth management is their primary service, that’s not why we recommend the app. Instead, we’re fans of the free personal finance tools offered that can help your financial situation.
In addition to wealth management services, Personal Capital offers a totally free app that can help track the progress toward your financial goals. You don’t have to be a wealth management client to use the app, the app has many cool features like net worth calculation, net worth tracking and reporting tools that pull data from different investments.
One of the best finance and investment apps, and it’s free. Simply link the app to your bank account, brokerage account and alternative investments and you can keep track of everything.
Bumped is an investment app that works like a cashback app. Instead of investing your money, you can get free fractional shares based on your purchases. It is a fantastic application because it is basically free money invested in your account. If you wish, you can use it as a way to sell your investments, withdraw money, or build long-term wealth.
There is no reason not to use Bumped as there is no cost to use Bumped and accumulating your rewards in multiple levels will still give you cashback and credit card rewards. If you are a regular reader, you know we love free money and there are no free shares.
When you create your Bumped account, you link the app to your credit and debit cards. Also choose your favorite brands from different categories (they call them loyalty). So when you buy with a linked card from one of the selected merchants with your alliances, you will automatically receive the shares.
You will usually earn stock for the company you are buying from, but will sometimes earn a fraction of the VTI of Vanguard, a popular ETF. For example, every month, I earn Netflix stock equal to 1% of my monthly payment to Netflix.
As with the number of cashback plans, you can also earn rewards faster by shopping through the app.
Overall, Pumped is a great investment program because it offers free stock based on the purchases you make anyway.
Bumped is one of my favorite apps, but it’s not a replacement for the other apps listed here, and it doesn’t work as a major investment strategy. Instead, think of these as actions that need to be taken on a regular basis to earn cash returns.
The warehouse is unique in that you can give stock to others. In addition, you can create your own wishlist for stocks and share it with others. The stock also makes it easy to start with a $5 minimum need and permission to buy stock with a shortage.