Though we’re hearing a lot about the not-so-fabulous state of the stock market right now, it’s the time to invest (buy low, sell high — right?)
That said, growing your income, even in times of uncertainty, is still a good idea.
Sure, passive income or side hustle is great, but for some, it’s hard to juggle more than one job and for others, it’s just not their cup of tea.
One of the most rewarding, results-driven ways to grow your income this year is by way of the best investment apps. Before you heighten your defense and say you aren’t well-versed in the subject matter, hear us out.
Not only are investment platforms a centralized hub for tracking your savings and propagating your portfolio, but the best ones are designed and managed by a team of experts who cut most of the confusion out for you.
From personal experience, we can attest that investing — depending on your comfort level and financial situation, of course — is a quicker option to see those dollar signs increase compared with your funds just sitting in the bank. However, it’s important to recognize that with all investments come a low, medium and high-risk potential.
What’s more, investing comes in all different shapes and colors. Aside from managing stocks or mutual funds, you can even dabble in real estate investing through one of our most recommended platforms. But, more on that below.
Read on to find the 8 best investment apps and platforms for beginners and advanced wealth managers alike. With these options, you’ll want to create a spreadsheet and get to number crunching.
Roofstock One | Invest in the SFR Asset Class
Roofstock One is an easy and cost-effective way to add the single-family rental (SFR) asset class—a $4 trillion sector—to your portfolio. Accredited investors can purchase shares of Tracking Stocks that follow the economic performance of curated, fully managed SFR property portfolios.
Roofstock One provides opportunities to expand your portfolio with lower capital requirements, spread effectively across multiple markets and properties.
The platform enables accredited investors to invest in the SFR asset class without any of the traditional property management responsibilities. It’s pretty fantastic, and we think it’s a smart way to get into real estate investing.
Rocket Money | All Your Finances in One Place
Rocket Money isn’t like those other budgeting apps — it’s a cool budgeting app. It’s like your financial wingman, helping you put everything in one handy place to stash cash and cut splurges.
Whereas Rocket Money doesn’t invest your money for you, it makes it almost too easy to track the number of investments and other financial obligations you have going on right now. Rocket Money allows you to link up all your investments, bank accounts, and credit cards for a comprehensive financial snapshot.
Additionally, you can stay current on major credit moves so you can say something if you see something. Set up a budget that makes sense so you can keep tabs on your spending by category and head straight toward your monetary goals.
Another way Rocket Money helps you invest is by saving money you don’t even know you’re already spending. Say goodbye to sidelined subscriptions with your own concierge service that hunts them down and cancels them for you and slashs rates on your bills, from cable and internet to phone and more.
But here’s the kicker: Rocket Money isn’t only about doing all the heavy lifting. Put your savings on autopilot, and it’ll become your financial whisperer, learning your spending habits and stashing cash with you barely even noticing. It’s easier than ever to boost your net worth when Rocket Money lays it all out for you, assets and debts, in one straightforward view.
Fidelity Investments | Retirement Plans, Investing, Brokerage
From personal use, we love Fidelity Investments for visibly growing your earnings (thanks, mutual funds). Its automatic investments feature is one of the most noteworthy ways to invest; for instance, if you invest in six mutual funds and wish to invest $1,200 monthly, you can automate $200 into each account without even worrying about it.
Plus, you’re able to see all of your accounts — including your retirement account — with detailed descriptions of how each fund is performing annually, every five years and more.
Titan | Long-Term Investment Platform
If you’re seeking an investment app with a modern interface and a lean toward long-term planning, Titan is the platform for you. Not only will you be able to build a custom portfolio of managed stocks, crypto, real estate, private credit, venture capital and more, but it’s color-coded and easy to use.
Namely, Titan provides research and trade updates along with helpful resources (including articles and newsletters) to guide you toward a well-planned future, even if you’re a beginner. We recommend giving it a try.
Public.com | Invest in Stocks
Public offers a unique suite of stocks, funds and crypto, so diversification is its middle name.
Not only does the app provide a Top 20 deck of popular, community-wide investments, but it also provides segmented lists for companies contributing to the travel boom, female-led companies to invest in and notable education institutions, among others.
TradeStation | Trade Real-Time Market Data
Why TradeStation? Well, for starters, the app provides in-depth access to broad market data, along with investment optimization tools and educational resources to equip you to become a better investor. Specifically, it’s an app ideal for beginner investors.
Acorns | Invest, Earn, Spend, Later
You’ve likely heard about Acorns in one way or another (and for a good reason). The app is unique in that it allows you to invest your spare change and a piece of each paycheck.
Plus, the green-plated app has a paired credit card you can use (with no hidden fees) and access to more than 350 brands for handpicking your investments. Well-designed and backed by experts, it’s a good one to look into.
Robinhood | Trade Stocks & Funds, Cryptos
Robinhood makes the cut as one of the best investment apps for its option to invest in fractional shares, meaning you can invest any amount, build a balanced portfolio and trade in real-time.
From stocks and funds to options, crypto and gold, it’s a catered-to-you app that’s well-suited for your portfolio.
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