Best Apps for Investing

For pros or beginners, the best ways to manage investing on the go

Thinking about becomingInvApps_featured an investor, or want to make investing easier? There’s an app for that. There’s several, actually, and if used wisely, they can help anyone from big brokerages to small start-ups find success in their investing endeavors.

The following apps are available for Apple and Android devices (or both) and best of all, it won’t cost you a thing! Check out these five best apps for investors:

Acorns
Investors can link their credit and debit cards, so that whenever they make a purchase, the app rounds up the change and invests the difference into a diversified portfolio of index funds. The best part about Acorns is that no matter how much money you have, you can still make small-dollar investments in a fast, stress-free way.

“Acorns is designed for new and experienced investors who want a quick, easy, and automatic way to invest their money,” said Jeff Cruttenden, co-founder and COO of Acorns. “People can get started in seconds; then set it and forget it.”

Note: While the app itself is free, Acorns charges $1 a month for accounts under $5,000 and 0.25 percent of your annual assets for accounts over $5,000.

Robinhood
Don’t you wish you can buy and sell stocks for free? Now you can. As one of the easiest ways to invest in stocks, Robinhood allows users to view real-time market data and quotes, create their own personalized watch list and perform trades, all with just a click of your fingers. It’s also very secure, requiring users to create a Touch ID or custom PIN code for their account.

Openfolio
Share your portfolios’ holdings with your followers, which can be anyone from your friends to colleagues and financial professionals. The holdings are given in a percentage instead of a dollar amount, so no one knows your actual worth. Sharing holding information can help you take note from other investors’ portfolios, especially the people you admire and trust (not to compare and judge each other!).

“If surrounding yourself with a network of smart investors makes you a more confident investor, maybe that’s a good thing,” says Grant Easterbrook, a former financial analyst at Corporate Insight. “But you probably shouldn’t be trying to copy hedge fund strategies.”

SigFig Investing
Wondering where you stand in the grand scheme of things? One of the best ways to manage your brokerage accounts, the SigFig Investing app links all of your existing investing accounts and tells you where you are in terms of breaking industry news. View your stocks’ performance, allocation, risk and more with a simple tap of a button.

Bloomberg
This is a great app to keep you updated on the latest financial news, as well as real-time stock tickers for major and minor stock exchanges. You can even get personalized news on the companies that you’re watching to help you make smart financial decisions. In addition, Bloomberg allows you to customize your own stocks and see where you stand in the market.

Check out these, and tons of other awesome apps, and be on your way to better investing. After all, isn’t getting you to invest more what’s important?

Used with Permission. Published by IMN Bank Adviser Includes copyrighted material of IMakeNews, Inc. and its suppliers.

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