CLEVELAND — These days, you can do just about anything on your phone including make investments. There are so many investment apps to choose from, so Bankrate complied a list of the best ones for 2019.
Acorns is the best for worry-free savings, according to Bankrate. The app helps automate your investing. All you have to do is link a debit or credit card and the app will round up every single purchase to the nearest dollar, then invest the difference. The app is a dollar a month.
Robinhood is completely free. Bankrate says it’s the fee-free trading app. You can trade stocks, EFT’s and cryptocurrencies. Robinhood is designed for experienced investors. It doesn’t provide investment recommendations or management.
If trading stocks sounds intimidating, Wealthbase is a good place to start. Bankrate describes the app as the best for social experience. The app is virtual stock market simulation. Games teach you as you go and there’s free lessons.
According to Bankrate, Betterment is best for low-cost. The app puts together a portfolio and monthly investing plan based on your goals. There’s features like auto-depositing and tax loss harvesting, which helps you reduce the amount you’ll owe on taxes.
If you need a gift-idea for the holidays says Bankrate says Stockpile is the best app for gifting stocks. The app also allows you to buy fractional shares of companies and the app charges $0.99 trade and does not charge a monthly fee.
