6 Best Investment Apps to Build Wealth

Best Investment Apps to Build Wealth

If you are comfortable with building your own portfolios, the best online stock trading apps offer commission-free trading using your smartphone and have no-minimum balance requirements. Also, you don’t need to wait until you have a ton of money to invest. This post covers some of the best investment apps to reach your goals.

1. E*TRADE

If you prefer traditional mutual funds, they have a selection of more than 4,400 no-load, no-transaction fee mutual funds. You can also have them manage your investments by investing in one of their Core, Blend, Dedicated, or Fixed Income portfolios.

2. Robinhood

Robinhood was a pioneer of the zero-commission stock trading movement that has almost become the norm today. You can trade stocks, ETFs, options and cryptocurrencies and there are no fees to trade these products.

3. Webull

Webull is very similar to Robinhood in that they both offer free trading for stocks, ETFs, and options (crypto trading will be available in the future). Webull is best for active traders who are tech-savvy and who can handle all their trading needs on their own, as there is no brokerage-assistance option.

4. Wealthfront

Wealthfront was founded in 2008 and offers one of the lowest management fees in the industry. Using low-cost ETFs, they provide investors with custom portfolios that are designed to suit their risk tolerance.

5. Betterment

Betterment is another well-known robo-advisor founded in 2010. They offer two main investing plans: Digital and Premium. The Digital plan has a 0.25% annual fee and invests your money in a personalized low-cost ETF portfolio.

6. Acorns

Acorns is an excellent investing app for beginners and those who struggle to set aside dedicated funds for investment purposes. Launched in 2014, the app has grown to over 7 million users and more than $1.2 billion in assets under management.

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