Due to advanced technology, investing is now a simple and formal process. Various applications have been presented that make it easier for people to invest. These platforms offer easy solutions to assist new investors in making suitable investments and creating wealth. These are some of the top investment apps for first-timers in 2024.

1. Acorns: Micro-Investing Made Easy

Acorns are ideal, especially for novices who are willing to invest. You split these coins on your everyday purchases and let the app round them up so that they are invested in the stock market. It is an easy means of investing without ordering a significantly large stock from the get-go. A stock market investment app like Acorns is helpful for people who do not desire to enter this field with difficulty.

2. Robinhood: Commission-Free Trading

Robinhood has gained a reputation as a crypto trading platform that does not charge its users commission fees, which makes it appealing to beginners. As a stock trading app that allows users to purchase stocks in portions, Robinhood is a perfect trading application for newcomers to the trading space. It enables beginners to invest in stocks, ETFs, and Cryptocurrency without struggle. However, it is significantly limited when providing educational material as opposed to other platforms, which implies that users will need to find different ways and means to deepen their knowledge.

3. Stash: Investing with Personalized Advice

Stash also allows for stock investment and professional recommendations, which will be great for those new to investing. It enables users to trade in stocks and ETFs and provides information concerning how to diversify for desired returns. The fact that Stash provides education and planning tools for new investors to make informed choices as they gain experience is helpful.

4. Betterment: Best for Robo-Advising

Betterment is one of the best apps for robo-advisors for people who don’t want to start investing and constantly manage their accounts. It also displays diversification of investment so that you can arrange a variety of portfolios according to your goals and risk profile. That said, Betterment’s ‘light-touch’ nature will appeal to users who like to relinquish as much control as possible to the app.

5. M1 Finance: Combine Automation with Flexibility

M1 Finance has an element of passive investing, and at the same time, it allows the user to choose where to invest. It enables users to select portfolio templates or create a new one depending on users’ chosen options. M1 Finance offers no commission fees and an opportunity to trade fractional shares; therefore, it is a good platform for newbies.

6. Public: Socially Driven Investing

The public is an investment app with a social touch: a mobile trading product with a social twist. It enables people to view what other people invest in and connect with a pool of like-minded individuals. The public offers free trading and penny stocks, making it suitable for new investors, and its social features offer new investors a way to learn from others.

7. Wealthfront: A Comprehensive Robo-Advisor

Another leading robo-advisor that Wealthfront has designed to make investing easy is among the best for new investors. It offers you an auto investment, which is a grouping of funds according to your objectives and your level of risk. They provide other services such as tax-loss harvesting and focus on long-term planning, so if you wish to ensure your investment is successful, Wealthfront is the best place for you.

Conclusion

It is now easier to start investing because numerous investment apps are available today. If you’re willing to have direct control over your investments, like with Robinhood, set it and forget it with Betterment, or invest as little as $5 with Acorns, there is an app for every newbie. These platforms offer you exactly this: the means to build wealth and confidence in your financial well-being.

（Writer：Laurro）