The Best Investing Apps for Mobile Phones
Investing in the stock market and other assets is one of the most dependable and consistent ways to acquire wealth and over the decades investing has allowed people from all walks of life to turn their hard-earned gains into even greater success. With solid and consistent investing in assets, you can build a financial nest egg to meet any number of goals. Investing in the market allows you to build your liquid wealth, save for retirement, or reach certain financial milestones such as buying a home or using your earnings to invest in other items such as investment property.
No matter your vision, the most important step is to simply start investing. Luckily, many investment applications are accessible from your smartphone allowing you a high level of control with your investments. With several apps to choose from here are the top four you should keep in mind.
The Four Best Investing Apps for Mobile Phones
- Robinhood: Among mobile investing apps Robinhood is one of the most well-known names. It’s a popular platform with a large user base. It’s an app best suited for short-term investors who make money off investments and move to new opportunities. It is also a good choice if you don’t need much guidance or advice for your investments. It offers an easy-to-use platform, with simple features, and full control. This lack of clutter keeps you focused on your goals.
- Trust Wallet: When selecting a mobile crypto investment app Trust Wallet is well worth your consideration. Trust Wallet is a crypto wallet that has millions of users and is known for being easy to use. It allows for direct ownership of your crypto which makes management easier. It also offers security features, access to several Web3 in-app crypto swaps, and built-in staking for several popular cryptocurrencies.
- Acorns: When you need a little push for your investing Acorns is here to help you. A unique feature of the app is that it invests spare change by rounding up debit and credit card purchases to the next full dollar and investing this difference into your portfolio. This is an excellent feature as it starts your investment journey for you without you having to select investments or manually invest money. Once you get started it’s easy to set up recurring investments.
- Stash: When you need precise control of your investments and personalized advice Stash could be what you’re looking for. Stash is a full investment app that also offers advice for the best investment strategies to build your overall wealth. Stash has low fees and offers a debit card with good rewards, recurring transaction scheduling, and a wide selection of various investment assets.
Final Thoughts
Investing is the most accessible it has ever been. Decades ago learning about what to invest in and performing these investments required a lot more work and also outside assistance through a broker or other professional. With the growth of the internet investment advice, calculation, trades, and purchases are easily accessible. With a mobile investment app, you can easily manage your investments and assets from your phone no matter where you are. Opening an investing account for a mobile app gives you the direct control you need to reach your financial goals.