12 Best Investment Apps In April 2024 | Bankrate (2024)

12 Best Investment Apps In April 2024 | Bankrate (1)Written by

James Royal, Ph.D.

James Royal, Ph.D.

12 Best Investment Apps In April 2024 | Bankrate (2)Edited by

Brian Beers

Brian Beers

12 Best Investment Apps In April 2024 | Bankrate (3)Reviewed by

Kenneth Chavis IV

Kenneth Chavis IV

12 Best Investment Apps In April 2024 | Bankrate (4)Edited by

Brian Beers

Brian Beers

12 Best Investment Apps In April 2024 | Bankrate (5)Reviewed by

Kenneth Chavis IV

As of April 01, 2024

Looking for the best investing apps to get your financial life back on track? A solid finance app can handle routine financial tasks, shuffle money into investment accounts, and track spending. But the best investment apps can also let you quickly trade stocks, follow your account in real time, help you learn about the markets and more. Because they can do so much, investment apps have become increasingly popular.

Here are some of the top apps for getting your finances organized and invested.

Showless

Readmore

The Bankrate promise

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict,this post may contain references to products from our partners. Here's an explanation for .

On This Page

Best investing apps to help you make money

All of these apps are great for beginners, and they make it easy for thosejust starting to investor looking to play a stock-picking game for fun.

  • Betterment – Best app for automated investing
  • Invstr – Best app for education
  • Acorns – Best app for saving
  • Wealthbase – Best app for trading games and contests
  • Wealthfront – Best app for portfolio management
  • Fidelity Investments – Best app for managing money all-in-one
  • Robinhood – Best app for active trading
  • Stock Rover – Best app for stock research
  • Charles Schwab – Best app for beginners
  • Ellevest – Best app for socially responsible investing
  • Public – Best app for learning about companies
  • Fundrise – Best app for direct investment in real estate

Betterment - Best app for automated investing

Bettermentis one of the largest and most popular robo-advisors, and for good reason. The app provides professionally managed portfolios using a selection of ETFs that’s calibrated against your own risk tolerance and when you need the money. Betterment can createsocially responsible portfoliosfocusing on climate change or social impact.

Minimum balance required:$0 for digital service; $100,000 for premium service

Fees:Management fee of 0.25 – 0.40 percent of assets annually

Invstr - Best app for education

Invstris what you get when you mix learning, real-life investing and community into an app that’s designed togive beginning investors a way to get into stocks, especially if you like games. The app combines a fantasy stock game, where you can assist in managing a virtual portfolio, with access to investors’ thoughts on stocks and other investments.

Minimum balance required:$0

Fees: $0, $3.99 a month for Invstr Pro. Can trade stocks, crypto and ETFs commission-free with a $5 minimum investment.

Acorns - Best app for saving

Acornsremains one of the most popular of the new breed of savings apps, because of how easy it is to use. You really don’t have to pay much attention once you’ve set it up.

Minimum balance required: $0 for savings account, $5 to start investing

Fees: $3, $5 or $9 per month depending on the service tier

Wealthbase – Best app for trading games and contests

Wealthbaseis a top player in the world of stock market games, and it may be the most user-friendly investing app out there for having fun and picking stocks. You can set up games with friends to last up to 15 days or even just until the end of the day.

Minimum balance required:$0

Fees:$0 up to 5 players. $20 game fee up to 1,000 players, plus five cents per player per day.

Wealthfront – Best app for portfolio management

Wealthfrontis one of the largest independent robo-advisors. For a small fee, it can manage your money, whether that’s in a taxable account or anIRA.

Minimum balance required:$500

Fees:Management fee of 0.25 percent of assets annually

Fidelity Investments – Best app for managing money all-in-one

If you wanted to live your whole financial life onFidelity Investments, you could do it with little issue – and have the top integrated experience. At Fidelity, you can get an investment account, a checking account, an IRA, a business retirement account such as a SEP IRA, bill paying, a savings account, arobo-advisor accountand even credit card accounts, to cover the big ones.

Minimum balance required:$0

Fees:$0 for stock/ETF trades, $0.65 per contract on options.

Robinhood – Best app for active trading

Robinhood is the app to have if you like a smooth interface and avoiding trading commissions, whether you’re trading stocks, ETFs, options or cryptocurrency. You’ll get to do it all with no commission and using a slick mobile interface that makes quick work of it all.

Minimum balance required:$0

Fees:No commissions for stock, ETF, options or crypto trades

Stock Rover – Best app for stock research

Stock Rover is the app to use if you’re looking to access detailed financials and research reports on thousands of publicly traded companies and funds. You’ll be able to screen for stocks and funds, chart valuations over time and access what seems like an endless amount of data.

Fees: A free plan as well as three subscriptions ranging from $7.99 to $27.99 per month or discounted annually

Charles Schwab – Best app for beginners

Charles Schwabdoes well for experts, but it’s also a great app for beginners, because of all the resources it provides. Schwab provides tons of research and education, helping newer investors get up to speed on topics such as investing and personal finance.

Minimum balance required:$0

Fees:$0

Ellevest – Best app for socially responsible investing

Ellevestis one of the top-ranked robo-advisors, but it’s also the top app for socially responsible investing. Ellevest’s mission is to help women investors make smart investing decisions (though, of course, anyone can become a client).

Minimum balance required:$0

Fees: $12 a month

Public – Best app for learning about companies

Publicis a trading app geared toward helping new investors learn about business and investing. You can trade stocks, ETFs and cryptocurrency, but what sets Public apart from others is the educational content, including “town hall” meetings with business leaders and its podcast Public Live. Users will also have access to a social feed to discuss stock picks with other investors.

Minimum balance required:$0

Fees: Commission-free stock and ETF trades; $5 semiannual inactivity fee for accounts less than $20

Fundrise – Best app for direct investment in real estate

The Fundrise app allows individual investors to invest in commercial real estate with virtually any amount of money. The app provides information about potential deals, and then you can select the ones you’d like to participate in. But if you can bring more money to the table, you can get access to even more select deals. The app even allows you to reinvest your dividends.

Minimum balance required:$10

Fees: 0.15 percent annual advisory fee, annual asset management fee of 0.85 percent; 1.85 percent for Innovation fund.

What to consider when choosing an investment app

When it comes to investment apps, think about how you’ll plan to use them. Do you need an educational tool or are you looking to actually trade and invest? Some apps charge fees that can eat into your investment returns, while others have very low costs and offer commission-free trading. If you’re interested in trading things like cryptocurrencies, you’ll want to make sure that’s a feature offered by the app or broker –not all brokers offer crypto trading.

Deciding how much money to invest

The good news for investors starting out today is that it requires very little money to get started. Fees are so low or even non-existent that you can start with virtually any amount of money. In fact, what you start with matters much less than your saving and investing discipline over time.

The key to achieving ongoing investing success is toadd money regularly over time. So you’ll want to add cash to the account and keep investing in your positions regularly over time in order to build wealth.

How much you actually invest depends on your own financial situation and needs. And today’s low-fee brokerages and apps leave more money in your pocket to actually invest.

Investment apps FAQs

Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation.

12 Best Investment Apps In April 2024 | Bankrate (2024)

FAQs

What is the best investment in 2024? ›

Overview: Best investments in 2024
  1. High-yield savings accounts. Overview: A high-yield online savings account pays you interest on your cash balance. ...
  2. Long-term certificates of deposit. ...
  3. Long-term corporate bond funds. ...
  4. Dividend stock funds. ...
  5. Value stock funds. ...
  6. Small-cap stock funds. ...
  7. REIT index funds.

What is the safest investment with the highest return? ›

These seven low-risk but potentially high-return investment options can get the job done:
  • Money market funds.
  • Dividend stocks.
  • Bank certificates of deposit.
  • Annuities.
  • Bond funds.
  • High-yield savings accounts.
  • 60/40 mix of stocks and bonds.
4 days ago

What is the best app to start investing on? ›

Compare the best investment apps for beginners for May 2024
  • Mobile Experience: Robinhood.
  • Beginners: SoFi Active Investing.
  • Investing with Spare Change: Acorns.
  • Hands-Off Investors: Betterment.
  • Simple Stock Investing: Cash App Investing.
  • Low, All-in-One Fee Structure: Stash.
4 days ago

What is the smartest investment you can make? ›

11 best investments right now
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
  • Alternative investments.
  • Cryptocurrencies.
  • Real estate.

Which currency to invest in in 2024? ›

List of 10 Strongest Currencies in the World 2024
RankCurrency (Currency code)Exchange rate
1Kuwaiti dinar (KWD)1 KWD = 3.26 USD
2Bahraini Dinar (BHD)1 BHD = 2.65 USD
3Omani rial (OMR)1 OMR = 2.60 USD
4Jordanian dinar (JOD)1 JOD = 1.41 USD
6 more rows

Where to invest $50,000 for 3 years? ›

Here are 10 options to help you and your family use $50K to build wealth and financial stability over time.
  • Max out your retirement accounts. ...
  • Contribute to a health savings account (HSA) ...
  • Fund a 529 college savings account. ...
  • Stash it in a high-yield savings account or CD. ...
  • Invest in Treasurys. ...
  • Invest in an index fund.
Apr 11, 2024

What investment is 100% safe? ›

High-yield savings accounts

A high-yield savings account is the safest investment you can find that still offers a modest return. A savings account is basically just like a bank account, except with a higher interest rate. Many banks and financial institutions offer these types of accounts.

Should a 70 year old be in the stock market? ›

Conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and mutual funds. That strategy still has merit, according to many financial advisors.

What is the safest investment to not lose money? ›

Here are the best low-risk investments in April 2024:
  • High-yield savings accounts.
  • Money market funds.
  • Short-term certificates of deposit.
  • Series I savings bonds.
  • Treasury bills, notes, bonds and TIPS.
  • Corporate bonds.
  • Dividend-paying stocks.
  • Preferred stocks.
Apr 1, 2024

Why is Fidelity better than Robinhood? ›

Fidelity charges no inactivity fees, nor does it charge for basic services such as depositing and withdrawing money from your account. Making a trade by telephone will typically incur a $5 charge and broker-assisted trades cost $33. Again, neither of these latter options is offered through Robinhood.

Which is the best trading app to earn money? ›

  • PayTM Money. Paytm Money is registered with SEBI as a stockbroker and investment advisor. ...
  • Zerodha Kite. Zerodha Kite is an all-in-one trading solution for people. ...
  • Angel One App. ...
  • Upstox Pro Trading app. ...
  • Groww App. ...
  • 5paisa App. ...
  • ICICI Direct App. ...
  • Edelweiss App.

What platform is best to start investing? ›

Summary: Best Online Brokers for Beginners
CompanyForbes Advisor RatingBest For
TD Ameritrade4.6Best Online Broker for Educational Resources
Fidelity Investments4.4Runner Up, Best Online Broker for Educational Resources
E*TRADE3.6Best Online Broker for Ease of Use
Robinhood2.8Runner Up, Best Online Broker for Ease of Use
4 more rows
May 1, 2024

How to turn $100 into $1,000 investing? ›

10 best ways to turn $100 into $1,000
  1. Opening a high-yield savings account. ...
  2. Investing in stocks, bonds, crypto, and real estate. ...
  3. Online selling. ...
  4. Blogging or vlogging. ...
  5. Opening a Roth IRA. ...
  6. Freelancing and other side hustles. ...
  7. Affiliate marketing and promotion. ...
  8. Online teaching.
Apr 12, 2024

What investments pay out monthly? ›

However, there are a number of assets that pay income on a monthly basis. Options include savings accounts, certificates of deposit, annuities, bonds, dividend stocks, rental real estate and more.

Where to get 10 percent return on investment? ›

Summary of the best investments with 10% ROI
  • Private credit.
  • Individual stocks.
  • Real estate.
  • Fine art.
  • Debt.
  • A business.
  • Private startups.
  • Cryptocurrencies.
Jan 4, 2024

Which commodities to invest in 2024? ›

8 Best Commodity ETFs of May 2024
  • Energy Select Sector SPDR Fund (XLE) ...
  • iShares Gold Trust (IAU) ...
  • Abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) ...
  • United States Oil Fund LP (USO) ...
  • Abrdn Physical Precious Metals Basket Shares ETF (GLTR) ...
  • iShares S&P GSCI Commodity-Indexed Trust (GSG)
May 6, 2024

Is real estate a good investment in 2024? ›

“Housing demand has been on a steady rise due to population and job growth, though the actual timing of purchases will be determined by prevailing mortgage rates and wider inventory choices,” said NAR chief economist Lawrence Yun in a recent statement. NAR forecasts that sales will rise by 13 percent in 2024.

What will stocks do in 2024? ›

As a whole, analysts are optimistic about the outlook for stock prices in 2024. The consensus analyst price target for the S&P 500 is 5,090, suggesting roughly 8.5% upside from current levels.

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Tuan Roob DDS

Last Updated:

Views: 5909

Rating: 4.1 / 5 (62 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Tuan Roob DDS

Birthday: 1999-11-20

Address: Suite 592 642 Pfannerstill Island, South Keila, LA 74970-3076

Phone: +9617721773649

Job: Marketing Producer

Hobby: Skydiving, Flag Football, Knitting, Running, Lego building, Hunting, Juggling

Introduction: My name is Tuan Roob DDS, I am a friendly, good, energetic, faithful, fantastic, gentle, enchanting person who loves writing and wants to share my knowledge and understanding with you.