The 7 Best Investing Apps

Want to start investing but don’t know where to start when there are so many great tools out there? It’s confusing and overwhelming, but I’m going to show you the best tools you can start investing with today!

 The 7 Best Investing Apps

The 7 Best Investing Apps

The 7 Best Investing Apps!

I love investing! I was fresh out of high school when I started getting into investing. 

I looked online and found out about this broker called Scottrade. At the time it was one of the cheapest at a cost of $7 per buy or sell of a stock with a minimum deposit of $500 and at that time it was a good deal…

Now I wouldn’t even bother with an account like that. 

We have amazing options now with automated investing apps (robo advisors) and much better online brokerage accounts. 

If you want to get started in investing but don’t know which tools are best for the job, I’m going to show you some of the best options out there to get you started!

Wealthfront

www.wealthfront.com

 Wealthfront

Wealthfront

First up is Wealthfront. 

Wealthfront is a robo advisor that automatically invests for you.

Wealthfront has scored some positive reviews and is well accepted by investors. They have pretty much every account option you could need.

The only real downside to Wealthfront is the minimum $500 deposit which may make it hard for some millennials who are just getting started to begin investing with them.

Hopefully they’ll consider bringing that minimum down in the future.

If you have more than $500 to begin investing, Wealthfront is a great option if you wish to have someone else manage your investments for you.

With no fee’s and a bit of upfront money this is a great way to begin investing.

Minimum Starting Money

  • Minimum - $500

Account Options

  • Individual
  • Joint
  • Trust
  • Traditional IRA
  • Roth IRA
  • 401k Rollover -> IRA
  • SEP IRA
  • 529 College Savings Plan

Fees

  • .25% Annual

Betterment

www.betterment.com

 Betterment

Betterment

Betterment is another robo investor, similar to Wealthfront. The have a wide range of investment options, but not as many as Wealthfront. They have the most commonly needed accounts though, so they most likely have what you need.

The big advantage Betterment has over Wealthfront is the fact that they have no minimum to begin using them. You can start with a small amount of money and add to it over time. This is a huge benefit for millennials just beginning to invest.

If you don’t have much money to start with and want someone else to manage your money, Betterment is a great option you should check out.

Minimum Starting Money

  • Minimum - $0

Account Options

  • Individual
  • Joint
  • Trust
  • Traditional IRA
  • Roth IRA
  • 401k Rollover -> IRA

Fees

  • .25% Annual

Stash

www.stashinvest.com

 Stash

Stash

Stash is a little bit of a different investing app, because it allows you buy individual stocks or invest for retirement in ETF’s. 

One of the best features of Stash is that it gives you all kinds of educational material on investing. For example, if you’re checking out a specific stock, you can do all kinds of research on it from the app.

Stash is a great way to get started investing if you love to research your options and need a little hand holding through the process.

Minimum Starting Money

  • Minimum - $5

Account Options

  • Individual
  • Joint
  • Trust
  • Traditional IRA
  • Roth IRA
  • 401k Rollover -> IRA
  • SEP IRA
  • 529 College Savings Plan

Fees

  • $0 - $4,999 - $1 - 2 per month
  • $5,000 + - .25% Annual

Personal Capital

www.personalcapital.com

 Personal Capital

Personal Capital

Personal Capital is an awesome financial app that competes with Mint to give you a total financial snapshot for free.

I highly recommend you try out the free app even if you have no intention of investing with them. 

Their $25,000 minimum to invest with them and high fee makes it cost prohibitive for many people to invest with them anyways, but the app makes this one worth checking out.

Minimum Starting Money

  • Minimum - $25,000

Account Options

  • Individual
  • Joint
  • Trust
  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • 401k Rollover -> IRA

Fees

  • .89% Annual

Sig Fig

www.sigfig.com

 Sigfig

Sigfig

Sigfig provides investing help as long as you have at least $2,000 to get started.

They also have a really cool app that allows you sync up with your investment portfolios and see all of your investments in one place.

Even if you don’t plan to invest with them, you should check out the app to get a better analysis of your investments.

The high starting money requirement makes them hard to recommend, but the app is worth checking out for sure.

Minimum Starting Money

  • Minimum - $2,000

Account Options

  • Individual
  • Joint
  • Trust
  • Traditional IRA
  • Roth IRA
  • SEP IRA
  • 401k Rollover -> IRA

Fees

  • $2,000 - $10,000 Managed Free
  • $10,001 + .25% Annual

Acorns

www.acorns.com

 Acorns

Acorns

Acorns is a really cool app that saves your spare change from purchases. It takes that money and invests it in funds depending on your risk tolerance. 

It truly is an automated way to invest and it’s affordable for anyone to try out. I highly recommend this one if you want to start saving and investing but don’t want to take the time learn about all the details of investing.

If your goal is pure automation, Acorns is a great app to get started investing easily and immediately.

Minimum Starting Money

  • Minimum - $0

Account Options

  • Individual
  • Traditional IRA
  • Roth IRA
  • SEP IRA

Fees

  • $1 - $2 per month

Robinhood

www.robinhood.com

 Robinhood

Robinhood

Robinhood is my favorite investing app! 

It allows you to invest in stocks for free. It was unheard of until Robinhood released. I’ve been using it since it released and it just continues to get better. 

I love it and highly recommend it if you want to get started investing in stocks.

The downside is that it is truly a stock investing platform and if you don’t have any knowledge in stock investing you will want to either learn about it first or go with a more automated solution like Acorns.

Minimum Starting Money

  • Minimum - $0

Account Options

  • Individual

Fees

  • $0 Management Fee
  • $0 Trading Fees

My Favorite Investing App

I love to invest and I love to be in control of my investments. I hate fees of any kind so I use Robinhood.

Now, I’m not saying it’s the best option overall, but it is for me due to my hands-on approach to investing. 

For a truly automated investing app, I would go with Acorns. It’s really hard to beat the power it gives you through automation.

Pick your favorite investing app and get started today!


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DAVID SHEPHERD

CREATOR OF LET'S AUTOMATE YOUR MONEY WITH MY LOVELY WIFE KRISTA


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