Looking to grow your money and make smart investments in 2023? Look no further than the top 21 investment apps on the market today. Whether you’re a seasoned investor or just starting out, these apps offer a wide range of features and benefits to help you make the most of your money.
From user-friendly interfaces to advanced analytics, these apps provide real-time data and insights to help users make informed investment decisions. With features like portfolio tracking, auto-investment options, and access to a variety of investment products, these apps make it easier than ever to start investing and grow your wealth.
But with so many options available, it can be overwhelming to choose the right app for your investment needs. That’s why we’ve compiled a list of the top 21 investment apps for 2023, so you can find the perfect fit for your goals and financial situation. Whether you’re interested in stocks, ETFs, cryptocurrency, or even socially-responsible investing, there’s an app on this list for you.
So why wait? Start investing in your future today with these top-rated investment apps and watch your money grow.
Benefits of using investment apps
Investment apps offer several benefits that make them an attractive option for both beginner and experienced investors. Here are some key advantages of using investment apps:
- Convenience: Investment apps allow you to manage your investments anytime, anywhere, right from your smartphone. With just a few taps, you can check your portfolio, make trades, and track your progress.
- Accessibility: Investment apps have made investing more accessible than ever before. You no longer need a large sum of money or a financial advisor to get started. With many apps offering low minimum investment requirements, you can start investing with as little as $5 or $10.
- Cost-effectiveness: Traditional investment methods often come with high fees and commissions. In contrast, many investment apps offer low or even zero fees, making it more cost-effective to invest your money.
- Education and research: Investment apps provide educational resources and research tools to help you make informed investment decisions. From articles and video tutorials to market research and analysis, these apps offer a wealth of information to help you grow your financial knowledge.
- Automation: Some investment apps offer automated investing features, such as robo-advisors. These tools use algorithms to create and manage a diversified portfolio based on your investment goals and risk tolerance. Automation takes the guesswork out of investing and helps you stay on track towards your financial goals.
- Social interaction: Many investment apps have built-in social features that allow you to connect with other investors, share insights, and learn from each other. This social aspect adds another dimension to your investing experience and can help you make better investment decisions.
With these benefits in mind, let’s dive into the top 21 investment apps for 2023.
Factors to consider when choosing an investment app
Before we get into the specific investment apps, it’s important to consider some key factors when choosing the right app for your investment needs. Here are a few things to keep in mind:
- Investment goals: Consider your investment goals and what you want to achieve with your investments. Are you looking for long-term growth, income, or a mix of both? Different apps may cater to different investment goals, so choose one that aligns with your objectives.
- Ease of use: Look for an app with a user-friendly interface and intuitive navigation. You want an app that is easy to navigate and understand, especially if you’re a beginner.
- Investment options: Consider the range of investment options available on the app. Do you want to invest in stocks, bonds, ETFs, mutual funds, or specific sectors? Make sure the app offers the investment products you’re interested in.
- Fees and costs: Take into account the fees and costs associated with using the app. While many investment apps offer low or no fees, some may have hidden costs or additional charges. Read the fine print and understand the fee structure before making a decision.
- Customer support: Look for an app that provides responsive and helpful customer support. If you have any questions or issues, you want to be able to reach out to someone for assistance.
By considering these factors, you can narrow down your options and choose the investment app that best suits your needs. Now, let’s explore the top investment apps for different types of investors.
Top investment apps for beginners
If you’re new to investing and looking for a user-friendly app to get started, here are some top options to consider:
- Acorns: Acorns is a micro-investing app that rounds up your everyday purchases and invests the spare change. It’s a great option for beginners who want to start investing with small amounts of money.
- Robinhood: Robinhood is known for its commission-free trading and user-friendly interface. It’s a popular choice among beginner investors who want to buy and sell stocks, ETFs, and cryptocurrencies.
- Wealthfront: Wealthfront is a robo-advisor that creates and manages a diversified portfolio for you based on your risk tolerance and investment goals. It’s a hands-off approach to investing, making it ideal for beginners who want a passive investment strategy.
These apps provide a simple and straightforward way to start investing, even if you have little to no experience. They offer educational resources and guidance to help you make informed investment decisions.
Best investment apps for experienced investors
If you’re an experienced investor looking for more advanced features and tools, these apps are worth considering:
- TD Ameritrade: TD Ameritrade offers a wide range of investment options, including stocks, options, ETFs, mutual funds, and more. It’s known for its powerful trading platform and advanced research tools.
- Fidelity: Fidelity is a full-service brokerage that offers a comprehensive suite of investment products and services. It’s a top choice for experienced investors who want access to a wide range of investment options and research tools.
- E*TRADE: E*TRADE is another popular choice for experienced investors. It offers a robust trading platform, advanced charting tools, and a wide range of investment options.
These apps provide the tools and features that experienced investors need to manage their portfolios and execute more sophisticated investment strategies.
Investment apps for automated investing
If you prefer a hands-off approach to investing, consider these apps that offer automated investing features:
- Betterment: Betterment is a robo-advisor that creates and manages a diversified portfolio for you. It offers personalized investment recommendations based on your financial goals and risk tolerance.
- Wealthsimple: Wealthsimple is another robo-advisor that offers automated investing and portfolio management. It also provides socially responsible investment options for those interested in aligning their investments with their values.
- M1 Finance: M1 Finance is a hybrid investing app that combines automated investing with the ability to customize your portfolio. It offers pre-built portfolios called “Pies” and allows you to add individual stocks and ETFs.
Automated investing apps take the guesswork out of investing and provide a convenient way to grow your wealth over time.
Investment apps for real estate investing
If you’re interested in real estate investing, these apps offer opportunities to invest in real estate assets:
- Fundrise: Fundrise is a real estate investment platform that allows you to invest in private real estate projects. It offers a range of investment options, including eREITs and eFunds.
- Roofstock: Roofstock is a marketplace for buying and selling rental properties. It allows you to invest in single-family rental homes across the United States.
These apps provide access to real estate investments without the need to buy physical properties. They offer a way to diversify your portfolio and potentially earn passive income from rental properties.
Investment apps for cryptocurrency trading
If you’re interested in investing in cryptocurrencies, these apps offer a user-friendly and secure platform to trade digital assets:
- Coinbase: Coinbase is one of the most popular cryptocurrency exchanges and wallets. It supports a wide range of cryptocurrencies and offers a simple and intuitive interface.
- Gemini: Gemini is a regulated cryptocurrency exchange that offers a secure platform for buying, selling, and storing cryptocurrencies. It’s known for its strong security measures and compliance with regulatory standards.
These apps make it easy to buy, sell, and store cryptocurrencies, and provide access to a variety of digital assets.
Investment apps for socially responsible investing
If you want to align your investments with your values, these apps offer socially responsible investment options:
- EarthFolio: EarthFolio is an investment app that focuses on environmental, social, and governance (ESG) investing. It offers portfolios that prioritize companies with strong sustainability practices.
- OpenInvest: OpenInvest is a platform that allows you to invest in portfolios that align with your values. It offers customization options based on the causes you care about, such as gender equality and climate change.
These apps allow you to invest in companies and funds that have a positive impact on society or align with your personal values.
Conclusion and final thoughts
With the wide range of investment apps available today, there’s an option for every type of investor. Whether you’re a beginner looking to start small or an experienced investor seeking advanced features, these apps offer the tools and resources to help you grow your wealth.
When choosing an investment app, consider your investment goals, ease of use, investment options, fees, and customer support. By taking these factors into account, you can find the perfect app to meet your needs.
Remember, investing involves risks, and it’s important to do your own research and seek professional advice if needed. Start small, diversify your portfolio, and stay informed about market trends and developments.
So, what are you waiting for? Start investing in your future today with one of these top-rated investment apps and watch your money grow. Happy investing!
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.