The Best Free Apps for Investors

Last Updated: May 22, 2019
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We aren’t all financial advisers.Luckily, there is a good market for creating great simple apps that can help the everyday people. Let’s look at a few:

Investing can be hard. Especially in retrospect to how investing used to be. Imagine not having today’s technology.

In the olden days, it seemed like the only people who messed around with investments were stockbrokers, the wealthy, and every other person who wanted to dabble in it.

If they wanted information on what their investments were doing and how much they potentially made or lost, they would have to contact the brokers who put the trades in for them.

Today, you can invest on your own, learn on your own, and see what’s happening on your own. Now, we aren’t all financial advisers, and that’s okay. Luckily, there is a good market for creating simple, minimalist apps that can help everyday people. Let’s look at a few:

1. Wealthfront

Wealthfront will be our first discussion simply because it encourages people to invest, even if you have no experience.

It’s a great tool for beginners investors and you’ll be able to get a lot of knowledge, learn tips (as well as mistakes) from other investors and It’s an app that is designed for those that have little to no time to manage their investments and check on the money made or lost.

They will manage your account for FREE up to $10,000 and they let you choose the portfolio you want to follow. Some brief points:

  • Cost: Free up to $10,000 (0.25% after that)
  • Available on iOS, Web, and Android
  • Open the account, deposit the funds, don’t worry about anything else!

Wealthfront truly enables those who have always been afraid to invest, invest!

The Best Free Apps for Investors

2. Betterment

Betterment is a pretty good candidate for an app you might want. One reason it is desirable is because they use algorithms to find the best stocks for you- including taxes!

Whether you’re a beginner investor interested in blue chip stocks and commodities or you’re a kind of trader deals with currencies and penny stocks –  you’ll find it here including quotes and current rates. Their CEO, Jon Stein, says it best: “I started Betterment to re-invent the investing industry so that it would work as we want it to.”

  • Cost: $1 to start(0.15%-0.35% on fees)
  • Available on iOS, Web, and Android
  • Find the best and cheapest stocks around!

3. Robinhood

Robinhood had some struggles when they first started (who doesn’t?), but after these were situated, Robinhood became a really cool app and idea.

The market for it, to me, was above all else: Develop an app that is very sleek, minimalistic, and easy-to-use. They hit the nail on the head with this one. With Robinhood, you will be able to buy and sell US listed companies, REITS, ETFs, commodities and many of the largest companies in your home country.

  • Cost: Free!
  • Available: iOS, Android
  • Don’t worry about commision!

Now, Robinhood is a broker, so I am not sure if you consider it an amazing “app” to follow. However, this broker provides their free services with 0 commissions. Also.you’ll find technical tools for your own use –  candlestick charts, patterns, trend lines, support and resistance levels and all the conveniences of a big, technical broker. They definitely deserved a spot on this list.

4. Openfolio

Openfolio only deserves to come after Robinhood consider this app judges your performance.

Take your investments, which you automatically have on Openfolio since you connect your brokers, and see how well they do according to 70,000 other investors! It’s a great app for beginner investors, since the apps (and the investor) supply a great experience and basic knowledge for beginners.

You’ll be able to see how they think and understand the methods experienced investors use in order to forecast the performance of their preferred investments. In addition, it’s a great place for cooperation between investors that can lead to bigger projects such as crowdfunding. This app is also tremendous because you can see how your advisor is doing, also.

  • Cost: Free!
  • Available: iOS, Web
  • How do you compare to the others?

A little bit of rivalry promotes the best of us, just ask Great Britain and America.

5. Estimize

Estimize provides you with a service to see how much you could earn. They base it on 24,000 other investors and compare and hash out the answer. A lot of times, these estimates are more precise than Wall Street gurus can predict.

According to the company, the data is the main attractive feature and its ability to leverage our data with research-backed systematic strategies to produce consistently better returns and can be great for decision making of intraday traders.

  • Cost: Free!
  • Available: Web
  • Investing is cool… but we all really want to know what kind of money we’re looking at. Did I do well? Poorly? I need to know

6. StockTwits

StockTwits is an amazing newsfeed outlet that covers all things market. With usage of over 1.4 million users, this app is advertised as the “Twitter of the stock world”. Afterall, the news does drive the stock prices.

United Airlines, for example, tanked in their stocks the next day after the video of them dragging the man off of the plane came out. So looking at good news to come out for a certain stock, or seeing bad news for a bad stock, can help a lot!

In addition, you can use the real-time sentiment tool and check the level of bullishness and bearishness around a stock before you make your next investment.

If you not sure it does work and want to practice before – check out the best online simulators for traders, so you’ll be able to practice virtually before diving in.

  • Cost: Free!
  • Available: iOS, Web, Android
  • Use the app to find the best picks of stocks and stay ahead of the pack!

7. Acorns

Acorns is a really good app to use if you have 0 interest in stocks and investing, if you have 0 desire to learn or pay somebody to manage these things, and/or if you have a really high case of OCD.

Sometimes at restaurants, a check will be around $12.62. If the person serving you gets a $3 tip, this means the bill total is $15.62. So, you have $0.48 left. What if you evened it out completely, to that $16 mark, and invested the pennies of $0.48 into an investment account?

That’s exactly what Acorns does! You can take however much you want, usually your spare change here and there, and put it into a separate account for investments. Each time you reach $5, they invest it for you. The investment of the $5 goes into one of five portfolios (you get to choose, yes). The beauty of this is investing without realizing it and cleaning up your bank account.

No more $678.27  balance. It’ll be clean, even, and the whole number now. Acorns has…

  • Cost: Free app, $1 a month to manage (not bad at all)
  • Availability: iOS, Android
  • Keep it clean, keep it simple, keep it so far out of mind you forget about it!

Conclusion

These apps can really change your investment life or even just start it. From a newbie who wants to use Acorns to stash money away and keep the account clean, to a veteran who likes StockTwits for news. .

So check out these apps and make sure you learn the ins and outs of them all! They will greatly benefit you and your investment career!

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