Nowadays, you can almost do everything using only your phone. You can manage your investment in a real-time manner on your phone through a lot of great investment applications that can make you look like a professional Wall Street trader. It is an advantage, especially for those people who are always busy and don’t have enough time to go to places to make sure that their investment is intact.
If you are investing in stocks or investing for dummies, that’s a good way to invest your money with less effort and hassle. Almost everything is made possible by technology because you can learn anything online and apply it to your daily transactions. Here is the list of the best investment apps for entrepreneurs.
Personal Capital
Personal Capital works in a way that tracks and updates all of your investment portfolio holdings, it also evaluates the risk management needs and your portfolio performance as well as your asset allocation. This app can check out specific losers and gainers in your investment portfolio. It gives you the updated state of your performance in the markets.
This app charges one fee from the percentage of trade costs, assets managed, and wealth management. The user of the app doesn’t have to pay trade commissions and the asset fee price starts at 0.89% of the first million dollars that you will invest.
E-Trade
E-Trade is one of the most low-cost investment trading fees. This app makes the lives of the entrepreneurs easier because it makes researching and trading stocks more simple. Through this app, users can trade stocks, ETFs, mutual funds, and options. It has a live update of the chart, steaming quotes, and portfolio data, with high-level help from the investment specialists from E-Trade.
E-Trade also has a built-in and live Bloomberg video feature that keeps you updated on the current market analysis and conditions. The account minimum is $500, but you will get 500 commission-free trades by depositing $10,000 into your E-Trade account.
Stockpile
Stockpile follows a rapidly growing trend among investment apps, and it invests an incremental amount of your money into the stock market. The user of this app can buy a hundred stocks of fictional shares and exchange-traded funds at a low price of $5 per trade. There is also a commission charge at 99 cents per trade, but there are no monthly fees or account minimums.
Stockpile has a gift card option. Instead of buying a video game or a gift card to a big box retailer, it can give a $20 gift card for junior’s birthday. It’s a good deal, and it’s a good start for a child’s launch into this kind of money management, where it might grow more significant in the future.
Robinhood
Similar to Stockpile, this app allows investors to experience an excellent publicly-traded company in a small taste, and it has no commission fee, which entices young investors. Robinhood allows users to invest in options, ETFs, stocks, and even cryptocurrencies without a charge and commissions. The catch is, this app doesn’t allow trading for mutual funds or bonds, which limits the trading options of the users.
The company has a new feature that is Robinhood Gold. It offers after-hours trading, and only qualified customers can use this line of credit to have large amounts of instant deposits.
Wealthfront
Wealthfront is an app that helps you save money for college, and it provides users the complete details of their finances and investments anytime. This app is for capital appreciation, especially for education. It comes with a group of smart, savvy finance and investment analysts. They advise the users in investment strategies that fit them, which is based on their profile and goals.
Takeaway
Investing your money is a good idea, and it creates a lot of opportunities in the future. We are now living in a world where technology is almost everything. Take advantage and invest while you still can. Be aware of the risk that involves this type of industry and take advantage of every opportunity that you can have.
There are a lot of apps that will help you invest your money and be smart when choosing one. Make sure that you know what you are doing, and if you need more knowledge, you can research everything on the internet. Take one step at a time and let your money work for you.
