Investing used to feel like something only the rich or money experts could do, right? But these days, that’s just not true anymore. Thanks to modern tech, investing has become as simple as scrolling through your phone. Yep, beginner-friendly investment apps have totally changed the game, making it possible for anyone to start growing their money with just a few taps.
If you’re new to investing and want to take charge of your financial future, stick around. I’ve got five of the best investment apps to share—each designed to help you make smarter money moves, even if you’re starting from scratch.
Why Investment Apps Are Perfect for Beginners
Investment apps have seriously shaken up the finance world, making it more accessible than ever. Here’s why they’re perfect for newbies:
- Super Easy to Use: Most of these apps are designed to be simple and stress-free. No finance degree required!
- Start Small: Many let you invest with as little as $5. No need to break the bank to get started.
- Automation is Everything: Robo-advisors and automated portfolios make investing practically hands-off.
- Learn as You Go: Built-in educational tools help you grow your knowledge while your portfolio grows too.
Now, let’s dive into the five must-try apps for beginners looking to make smarter money moves.
1. Acorns – Best for Automated Saving and Micro-Investing
Ever wish you could invest without even thinking about it? Acorns makes that possible. It’s a micro-investing app that rounds up your everyday purchases and invests the spare change.
Key Features:
- Round-Ups: Spend $3.75 on coffee? Acorns rounds it to $4 and invests the $0.25 difference for you.
- Automated Portfolios: Your money is automatically placed in a diverse portfolio.
- Recurring Investments: You can also set up daily, weekly, or monthly deposits.
Pros:
- Perfect for hands-off investors.
- Super beginner-friendly.
- Start investing with spare change.
Cons:
- Monthly fees can eat into smaller balances.
Best For: Anyone who wants a fully automated, stress-free way to start investing.
2. Robinhood – Best for Commission-Free Trading
Robinhood shook up the investing world by eliminating trading fees, making it a hit for beginners who want to try buying and selling stocks without extra costs.
Key Features:
- Commission-Free Trades: Buy and sell stocks and ETFs with zero fees.
- Fractional Shares: Invest in big companies with as little as $1.
- Crypto Trading: Yep, you can trade popular cryptocurrencies here too.
Pros:
- No trading fees.
- Clean, user-friendly app design.
- Great for stock and crypto beginners.
Cons:
- Limited educational resources.
- No retirement account options (like IRAs).
Best For: Beginners who want to try stock and crypto investing without fees.
3. Stash – Best for Learning While Investing
Think of Stash as your investing coach—it helps you learn while you invest. Perfect for beginners who want to feel confident as they grow their portfolios.
Key Features:
- Themed Portfolios: Choose investments based on your values and interests.
- Fractional Shares: Start with as little as $5.
- Educational Tools: Tons of helpful articles, tips, and beginner guides.
Pros:
- Great for learning as you invest.
- Fractional shares make it affordable to start.
- Automated investing options available.
Cons:
- Monthly subscription fee.
Best For: Beginners who want to learn while they invest.
4. Betterment – Best for Hands-Off Investing
If you’re looking for a “set it and forget it” investing experience, Betterment is your go-to. It’s a robo-advisor that handles everything for you, from choosing investments to rebalancing your portfolio.
Key Features:
- Automated Portfolio Management: Built-in algorithms handle your investments.
- Goal-Based Investing: Create strategies based on your personal goals.
- Tax-Loss Harvesting: Helps reduce your tax bill.
Pros:
- Completely automated.
- Low management fees.
- Great for long-term wealth building.
Cons:
- Limited control over individual investments.
Best For: Beginners who want an entirely automated, hands-off investing approach.
5. M1 Finance – Best for Custom Portfolios with Automation
M1 Finance gives you the best of both worlds—automation and customization. If you want some control but still like the idea of automation, this app’s a winner.
Key Features:
- Pie-Based Investing: Build custom portfolios using “pies” for different asset types.
- Automation Tools: Set automatic deposits and portfolio rebalancing.
- No Commission Fees: Trade and rebalance without paying fees.
Pros:
- Blends automation with customization.
- No commission fees.
- Fractional shares make it easy to get started.
Cons:
- Requires a $100 minimum deposit.
Best For: Beginners who want a balance of automation and portfolio control.
How to Pick the Right Investment App for You
Not sure which app fits your vibe? Here are some things to consider:
- Your Goals: Are you aiming for long-term wealth building or short-term gains?
- Ease of Use: Choose an app that matches your tech comfort level.
- Fees: Watch out for hidden fees or monthly charges.
- Features: Need educational tools? Prefer hands-off automation? Make sure the app fits your needs.
Final Thoughts
Investing has never been this accessible. Whether you’re drawn to the fully automated style of Acorns and Betterment or prefer more control with Robinhood and M1 Finance, there’s a perfect app for you. The most important part? Just start. Consistency and learning along the way are what truly build wealth.
So, which app are you going to try first? Your future self will thank you for making that first smart money move today!