There used to be a time when people who wanted to enter the stock market had to have a lot of money and a pricey stockbroker on call to manage everything. These days, technology has brought the world of investing directly to our fingertips – and it’s intimidating.
With so many companies offering investment planning, and so many stock options to choose from, knowing where to begin can feel overwhelming for a beginner. Sure you can try and jump right in with some of the bigger trading apps, but that can end up with you feeling way out of your league.
If you’re looking to ease your way into the stock game, these three apps are the way to go. From total beginners who prefer a hands-off approach to newbies who want to invest in the things they love, we’ve rounded up the best apps to get you started on investing in your future.
Like most of us, when it comes to entering the stock game, you have no clue where to start. Acorns is perfect for beginners because not only does it make saving money painless, it also makes getting you started with investing extremely easy by passively investing your savings into stocks, and building you a portfolio based on a quick questionnaire you fill out in the app.
Photo Credit: Acorns
What makes Stash so great is that it is perfect for beginners who have a base level knowledge of the stock market, and want the option to make their own investment decisions. Stash allows you to begin investing with as little as $5, and guides you on how to best invest your funds. The app is also filled with great articles and tips so you can keep learning as you grow.
Photo Credit: Stash
You know how folks are always telling you to stop shopping so you can save money? Now you can do both! With Bumped, you get free stock when you spend money at your favorite brands! Those Sunday Target runs where you only planned to buy one thing but left with 20, can be a guilt-free experience with Bumped because now you own a small piece of the pie. The best part? Bumped is totally free, meaning you don't have to worry about monthly fees or fees of any kind.