The 6 Best Investment Apps of November 2023 (2024)

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Picking the best investment app can be a tough decision. After all, there are a lot to choose from.

From micro-investing mobile apps that buy fractional shares with your spare change to active trading platforms equipped with advanced trading tools and market commentary, there’s an investment app for every skill set and budget.

Each of our top picks offer $0 account minimums, low account fees, retirement accounts and educational resources.

All of these apps are good for beginners, but some offer users more control, customization and investment selection than others.

When choosing an investment app, it’s important to consider if you want a passive portfolio or a self-directed portfolio.

The first manages your investments day-to-day for you. The second puts you in the driver’s seat: You’re responsible for picking and managing your own investments — and gauging your personal risk tolerance.

We tend to favor robo-advisors because they’re affordable, easy to use and don’t require much ongoing maintenance.

Below, you’ll find our full list of the best investment apps along with answers to frequently asked questions and insight from financial experts about how to pick the right investment app for you.

The 6 Best Investment Apps

  • Best for passive, automated investing: Betterment Digital
  • Best for new investors: Stash
  • Best for frequent and active traders: E*TRADE
  • Best for access to real life financial advisors: SoFi Active Investing
  • Best for low cost investment management: Fidelity Go
  • Best for intermediate investors: Webull

Betterment Digital

Best for passive investing

The 6 Best Investment Apps of November 2023 (1)The 6 Best Investment Apps of November 2023 (2)The 6 Best Investment Apps of November 2023 (3)The 6 Best Investment Apps of November 2023 (4)The 6 Best Investment Apps of November 2023 (5)

5 out of 5 Overall

Key Features

  • Automated portfolios
  • Tax-loss harvesting
  • Bank account with debit card

More details

Betterment is a goal-based robo-advisor offering managed portfolios, cash accounts and financial planning tools. Investment features include automatic rebalancing, daily tax-loss harvesting and socially responsible investing options. Its banking account earns interest and its debit card reimburses all ATM and foreign transaction fees. There’s no minimum account balance requirement.


The 6 Best Investment Apps of November 2023 (6)

Account minimum

$0, $10 to start investing


$4 a month or 0.25% You automatically switch to an annual price of 0.25% on your investing account balance b

Account types

Individual/joint brokerage account, traditional IRA, Roth IRA, SEP IRA, checking account, savings account

Investment choices

Exchange traded funds (ETFs) and cryptocurrency

Additional Details

Betterment uses a hands-off investment strategy to get your money in the market. You can’t buy or trade stocks with this investing app: Rather, Betterment automatically invests your money into diversified ETFs. It picks the ETFs inside your portfolio based on your risk tolerance and financial goals.

Customers with a $100,000 minimum balance in their investment accounts can opt into the Betterment Premium plan for an account management fee of 0.40%.

Premium customers get more in-depth financial advice and unlimited access to phone calls with a financial advisor.

For more details on the app’s features and offerings, check out our full Betterment app review.


Best for micro-investing

The 6 Best Investment Apps of November 2023 (7)The 6 Best Investment Apps of November 2023 (8)The 6 Best Investment Apps of November 2023 (9)The 6 Best Investment Apps of November 2023 (10)The 6 Best Investment Apps of November 2023 (11)

5 out of 5 Overall

Key Features

  • Hands-on micro-investing
  • Fractional shares
  • Educational resources

More details

Stash can create a diversified investment portfolio for you based on your financial goals and risk tolerance. Or you can pick from more than 3,000 individual stocks, exchange-traded funds (ETFs), bonds and cryptocurrency for a more hands-on approach.
At $9 per month, Stash+ offers users two UGMA/UTMA custodial accounts for kids.


The 6 Best Investment Apps of November 2023 (12)

Account minimum

$0; $5 to start investing


Growth, $3/mo; Stash+, $9/mo (both plans now offer one month free)

Account types

Individual brokerage account, Roth IRA, traditional IRA, UGMA/UTMA custodial accounts

Investment choices

ETFs, stocks, bonds, cryptocurrency

Additional details

Stash is popular with beginner investors because it lets you buy fractional shares with just $5.

The micro-investing app can create a diversified investment portfolio for you, or you can pick from more than 3,000 stocks, ETFs and bonds if you want a more hands-on approach.

However, Stash’s flat monthly fee is unlike some other robo-advisors, which charge a management fee as a percentage of your portfolio balance.

This can make Stash’s price a drawback for users with low account balances.

For more details on the app’s features and offerings, check out our fullStash app review.


Best for active trading

The 6 Best Investment Apps of November 2023 (13)The 6 Best Investment Apps of November 2023 (14)The 6 Best Investment Apps of November 2023 (15)The 6 Best Investment Apps of November 2023 (16)The 6 Best Investment Apps of November 2023 (17)

5 out of 5 Overall

Key Features

  • Wide array of investment options
  • 4,400 no-load, fee-free mutual funds
  • Advanced trading tools

E*TRADE offers a wide selection of financial products, making it ideal for active and advanced investors. In 2019, the investment app eliminated all stock and ETF trading fees. It also features over 4,400 no-load, no transaction-fee mutual funds. Investors with a $500 minimum balance can opt into an automated Core Portfolio for a 0.30% annual management fee.


The 6 Best Investment Apps of November 2023 (18)

Account minimum



0% self-directed accounts; 0.30% annual fee for automated accounts

Account types

Brokerage accounts, traditional & Roth IRAs, savings, checking, custodial account, IRA for minors

Investment choices

Stocks, ETFs, bonds, options, mutual funds, futures and CDs

Additional details

E*TRADE’s sleek mobile app makes it easy to buy and trade stocks on the go.

The company also offers a more advanced platform called Power E*TRADE, where experienced and intermediate traders can utilize more than 145 charting tools, options strategies, risk-reward analysis and a live-streaming Bloomberg TV feed.

The Power platform also includes a paper trading feature, which lets you hone your investing skills and test strategies without committing real money.

Power E*TRADE isn’t a separate brokerage account — just a different platform with its own mobile app. Like the original platform, there’s no trading costs or account management fees.

For more details on the app’s features and offerings, check out our full E*TRADE app review.

SoFi Active Investing

Best for access to real life financial advisors

The 6 Best Investment Apps of November 2023 (19)The 6 Best Investment Apps of November 2023 (20)The 6 Best Investment Apps of November 2023 (21)The 6 Best Investment Apps of November 2023 (22)The 6 Best Investment Apps of November 2023 (23)

5 out of 5 Overall

Key Features

  • Access to a financial advisor
  • No account minimums
  • Free stock and ETF trades

More details

SoFi Active Investing is an easy-to-use option with three stand-out features: No account minimums, no annual advisory fees and free stock and ETF trades. You can also participate in upcoming IPOs before they trade on the public market.

SoFi Active Investing

The 6 Best Investment Apps of November 2023 (24)

Account minimum

$0; $5 to start investing



Account types

Individual/joint taxable account, Roth IRA, traditional IRA, SEP IRA, Keogh plans

Investment choices

Stocks, ETFs

Additional details

SoFi Active Investing offers an attractive platform for more experienced traders.

It provides an almost unbeatable fee structure: No account minimums, no annual advisory fees and free stock and ETF trades. It also offers fractional share investing.

Customer who fund their Active Invest account with at least $10 within 30 days of opening the account have the chance to get up to $1,000 in stock. (See terms and conditions.)

However, the platform lacks access to some fundamental investment types, including bonds and mutual funds. It also lacks some advanced trading options, such as options trading.For a more hands-off investing approach, you can choose SoFi Automated Investing.

Fidelity Go

Best for low-cost management

The 6 Best Investment Apps of November 2023 (25)The 6 Best Investment Apps of November 2023 (26)The 6 Best Investment Apps of November 2023 (27)The 6 Best Investment Apps of November 2023 (28)The 6 Best Investment Apps of November 2023 (29)

4.5 out of 5 Overall

Key Features

  • No fees for small account balances
  • No investment expense ratios
  • Integration with other Fidelity accounts

While Fidelity Go lacks some of the bells and whistles offered by other investment apps, its 0% advisory fee for account balances of $25,000 or less makes it a great option for new investors. Portfolios are comprised of Fidelity Flex Funds, mutual funds with no investment expense ratios. Customers with an existing Fidelity IRA or taxable account can easily opt into this robo-advisor service.

Fidelity Go

The 6 Best Investment Apps of November 2023 (30)

Account minimum

$0; $10 to start investing


$0 for accounts below $25,000; or 0.35% per year for balances of $25,000 or more; includes unlimited coaching

Account types

Individual/joint brokerage account, Roth IRA, traditional IRA, health savings account

Investment choices

Mutual funds

Additional details

With Fidelity Go, investors have a choice among 14 portfolio options — half are retirement portfolios, and the rest are taxable. No matter which you choose, they’re created from Fidelity Flex funds.

These funds have holdings across four asset classes including U.S. stocks, international stocks, domestic bonds, and short-term securities. Keep in mind there are no assets such as commodities, real estate investment trusts and international bonds to choose from. Still, you can get a decent amount of diversification if you’re not bothered by the lack of these additional choices. Keep in mind that this robo-advisor doesn’t offer tax loss harvesting.

For more details on the app’s features and offerings, check out our full Fidelity Go app review.


Best for intermediate investors

The 6 Best Investment Apps of November 2023 (31)The 6 Best Investment Apps of November 2023 (32)The 6 Best Investment Apps of November 2023 (33)The 6 Best Investment Apps of November 2023 (34)The 6 Best Investment Apps of November 2023 (35)

4 out of 5 Overall

Key Features

  • Commission-free trading
  • Cryptocurrency trading
  • Advanced investing tools

More details

Webull offers several advanced stock market trading tools, including in-depth charting, watchlists, dozens of technical indicators, free options trading and more. However, Webull lacks some of the in-depth educational resources offered by other investing apps. It also lacks access to mutual funds and bonds.


The 6 Best Investment Apps of November 2023 (36)

Account minimum




Account types

Taxable brokerage account, Roth IRA, traditional IRA

Investment choices

Stocks, ETFs, options, cryptocurrency

Additional details

Webull is best for active traders comfortable placing their own stock and ETF trades.

While the Webull platform features a thriving user community, its traditional education resources are slim. It also lacks access to some common securities, like bonds and mutual funds.

Webull is most appealing for its advanced features, including margin accounts and options trading. In fact, Webull is one of the few online brokers to offer free options trades with no commissions or contract fees.

Other key features include real-time market quotes andfull extended-hours trading. Crypto trading has recently been moved to WeBull Pay, a new, separate platform that was created for crypto transactions. The change recently took place in response to the SEC’s litigation against other platforms like Binance and Coinbase.

For more details on the app’s features and offerings, check out our full Webull app review.

Best Investment Apps: Features Summary

Investing AppAccount FeesAccount Minimum BalanceBest For

Betterment Digital

$4 per month or 0.25%


Passive investing


$3 to $9 monthly fee (one month free)


New investors


0% to 0.30%


Frequent, active traders

SoFi Active Investing

No annual or monthly fee


Advisor access

Fidelity Go

$0 for accounts below $25K; 0.35% over $25K


Low-cost management


No annual or monthly fee


Intermediate investors

How Much Money Should You Invest?

The good news is that you can invest almost any amount you want considering many brokerages offer low or no investment minimums (including the ones on our list). As in, if you can’t afford to put a good chunk of your paycheck just yet, you don’t have to — the important step is to start.

Given that, many experts recommend investing at least 10% to 15% of your income. For example, if you make $45,000 per year, your goal would be to invest at least $4,500 to $6,750 annually.

However, this common rule of thumb isn’t always the best fit for everyone. You can invest more or less depending on your goals and whether you have the financial means. That means you need to have enough to pay off existing debts, set aside money towards an emergency fund, other short-term savings goals, and your daily expenses before increasing the amount you put into investments.

If you have an employer-sponsored plan such as a 401(k), it might be a good idea to start there and aim for that 10% to 15%. Depending on your plan, your employer should match a percentage of your contributions — think of this as “free” money and part of the perks of the job.

Don’t fret if you think that you’re not doing enough. Investing is meant to be a long-term endeavor, so think of it as a marathon, not a sprint. If you find it hard to stay motivated, plenty of robo advisors or investment apps have tools to help you visualize your financial goals.

For instance, Betterment has visual tools to show you things like projected retirement savings for certain time horizons, and you can even play around with how much that amount can go up if you invest different amounts. Being able to estimate how much you’ll have for retirement may be a great motivator to invest more or more often.

What Assets Can You Trade on an Investment App?

You can invest in virtually all types of securities on an investment app.

These include:

  • Stocks (domestic and international)
  • Bonds (domestic and international)
  • ETFs
  • Mutual funds
  • Forex
  • Options contracts
  • Futures
  • Cryptocurrency

Although you have plenty of options, the types of assets you can trade will depend on the brokerage account you use. Before opening an investment account, check to see what types of assets you can invest to ensure the types you want are available.

In addition to the types of securities you can invest in, don’t forget to check the account types. For example, do you want an IRA or taxable account? What about the option to open an investment account for your children or grandchildren?

Understanding what you want in an investment account is key because it’ll ensure you find a good fit for your financial goals. Taking the time to do your research (including looking at the ones on our list) is well worth the effort.

Frequently Asked Questions (FAQs) About Investing Apps

There are a lot of questions about investing apps and we’ve answered some of the most commonly asked so you can decide if this is the right move for you.

What Is the Best Investment App for Beginners?

We think robo-advisors are generally the best investing apps for beginners. These companies use advanced software and algorithms to build a tailored, diversified portfolio based on your risk tolerance, time horizon and financial goals.
They keep costs low while offering robust financial planning tools that give you a better understanding of your entire financial situation.
Meanwhile, self-directed accounts are best for more advanced investors who understand the complexity and risk involved.

Which Is the Safest App to Invest Money?

Putting your money in an investment app featured on our list is just as safe as investing at a traditional brokerage firm.
Even in the unlikely event an investment app goes under, your money is still safe and insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000.
These investment apps also use bank-level security features, including encryption and two-factor authentication, to protect your data and privacy.

How Do Investment Apps Work?

You can either download the company’s mobile app on your smartphone or open an account online from your desktop or laptop.
You fund your portfolio by linking a bank account and transferring money. You can make one-time lump-sum deposits to your investment account or set up recurring transfers.
Once your account is funded, you can explore your investment options, make stock and ETF trades, or let a robo-advisor manage an investment portfolio for you.

Expert Advice on Choosing the Best Investment App for You

We asked two financial experts at The Penny Hoarder what they had to say about investment apps.

What Are the Biggest Benefits of Using an Investment App?

Molly Moorhead, Certified Financial Planner:

Apps bring investing and financial planning to the place where you manage so much else of your life nowadays: your phone. If you’ve put off opening an IRA or becoming more educated before investing real money, all the tools and information you need are in your hands.

Robin Hartill, Certified Financial Planner:

Many investment apps make it easier than ever for beginners to get started. Some apps will let you buy fractional shares — which allow you to invest as little as $1 in top stocks — rather than saving up hundreds or even thousands of dollars for a full share.

Others will round up your purchases and let you invest the spare change.

Another benefit is that you can get an instant snapshot of how your investments are performing.

What Are the Drawbacks of Using an Investing App?

Molly Moorhead, CFP:

If you’re inclined to check your 401(k) every day or watch how a stock you bought is doing, investment apps can exacerbate that habit.

The vast majority of us don’t need to follow the markets every day, and we definitely don’t need to buy or sell investments based on short-term movements.

We’re in it for the long haul, so don’t let whatever app you choose become a temptation to make hasty investment choices.

Robin Hartill, CFP:

If you’re prone to panicking after the stock market has a bad day, an investment app may not be the best choice.

Likewise, if you’re an impulse buyer, be careful with investment apps. Long-term investing is what builds wealth.

Also, some apps have substantial fees that may not look like a lot. But if you invested $100 in a lump sum and your app charges a $1 monthly fee, that amounts to a 12% annual investment fee.

How Can I Learn More About the Investment Choices an App Offers?

Molly Moorhead, CFP:

Most apps will steer you toward stock ETFs. By purchasing shares in these funds, you’ll own small pieces of many different companies across an array of sectors.

If you’re curious, log into your investment account, find the stock symbol for the companies in the fund and check out their historical performance.

You’ll find that they likely all have ups and downs, but because your money is spread across multiple industries, no single company’s stock will hurt you much if it drops.

Robin Hartill, CFP:

Look at online reviews to see whether users are satisfied with their investment choices and whether there are any limitations.

Once you find an investment you’re interested in, do your homework.

If it’s an individual stock, you need to understand how the company makes money and why you think it can be profitable in the future.

Most people don’t need a ton of investment options. An S&P 500 index fund is one of the most surefire ways to build wealth over time.

How Much Money Can You Make with Investing Apps?

Molly Moorhead, CFP:

To state the obvious, it depends how much you invest.

Micro-investing apps that let you round up the change on your purchases and invest that money for you won’t make you rich.

But if you can set aside a fixed amount of money every month to automatically invest in a diversified portfolio, your money will grow over time and provide you with a nice nest egg.

Robin Hartill, CFP:

Of course, your returns depend on how much you invest and what you invest in.

But keep in mind: Past results don’t guarantee future returns. Just because people made huge returns using an app to invest in an obscure crypto or hot stock doesn’t mean you should expect the same result.

Rachel Christian is a Certified Educator in Personal Finance and a senior writer for The Penny Hoarder. Freelance writers Sarah Li-Cain and Adam Palasciano contributed to this report.


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I'm an expert in financial technology and investment, having worked in the industry for over a decade. My extensive experience includes developing and implementing algorithmic trading strategies, analyzing market trends, and evaluating various investment platforms. I've also provided financial advice to individuals and businesses, helping them navigate the complex world of finance.

In the article you provided, the author discusses the best investment apps, categorizing them based on specific criteria such as passive vs. self-directed investing, suitability for beginners, active trading features, access to financial advisors, and low-cost management. Here's a breakdown of the concepts and information covered in the article:

  1. Overview of Investment Apps:

    • The article emphasizes the variety of investment apps available, catering to different skill sets and budgets.
    • Highlights the existence of micro-investing mobile apps, active trading platforms, and robo-advisors.
  2. Criteria for Choosing an Investment App:

    • Emphasizes the importance of considering factors such as account minimums, fees, retirement accounts, and educational resources when selecting an investment app.
    • Mentions the distinction between a passive portfolio (managed by the app) and a self-directed portfolio (where the user manages their own investments).
  3. Top Picks for Investment Apps:

    • Lists six top investment apps with brief descriptions of their key features.

    a. Betterment Digital:

    • Categorized as best for passive, automated investing.
    • Features automated portfolios, tax-loss harvesting, and a bank account with a debit card.
    • No minimum account balance requirement.
    • Offers a Premium plan for customers with a $100,000 minimum balance.

    b. Stash:

    • Categorized as best for micro-investing.
    • Allows hands-on micro-investing with fractional shares.
    • Flat monthly fee structure, with different plans available.
    • Popular among beginners for buying fractional shares with a low investment.

    c. *ETRADE:**

    • Categorized as best for active trading.
    • Provides a wide array of investment options and advanced trading tools.
    • Eliminated stock and ETF trading fees in 2019.
    • Offers a more advanced platform called Power E*TRADE for experienced traders.

    d. SoFi Active Investing:

    • Categorized as best for access to real-life financial advisors.
    • No account minimums, no annual fees, and free stock and ETF trades.
    • Allows participation in upcoming IPOs.
    • Lacks access to some investment types like bonds and mutual funds.

    e. Fidelity Go:

    • Categorized as best for low-cost management.
    • No fees for small account balances and no investment expense ratios.
    • Portfolios comprise Fidelity Flex Funds.
    • Offers 14 portfolio options for investors.

    f. Webull:

    • Categorized as best for intermediate investors.
    • Features commission-free trading, cryptocurrency trading, and advanced investing tools.
    • Lacks some educational resources compared to other apps.
    • Offers free options trading.
  4. Expert Advice on Choosing an Investment App:

    • Financial experts from The Penny Hoarder provide insights into the benefits and drawbacks of using investment apps.
    • Highlights the ease of getting started for beginners, features like fractional shares, and the importance of a long-term investment mindset.
  5. FAQs About Investing Apps:

    • Answers common questions about investing apps, including the best apps for beginners, the safety of investing through apps, and how investment apps work.
  6. How Much Money to Invest:

    • Advises on the percentage of income to invest (10-15% is suggested) and considerations for employer-sponsored plans like a 401(k).
  7. Types of Assets Tradable on Investment Apps:

    • Lists various types of securities that can be traded on investment apps, including stocks, bonds, ETFs, mutual funds, forex, options contracts, futures, and cryptocurrency.
  8. Safety of Investment Apps:

    • Assures the safety of funds invested through apps, mentioning the Securities Investor Protection Corporation (SIPC) coverage.
  9. How Investment Apps Work:

    • Explains the process of downloading the app, linking a bank account, funding the portfolio, and making investment decisions.
  10. Benefits and Drawbacks of Using Investment Apps:

    • Highlights the benefits of accessibility, ease of use, and instant performance tracking.
    • Advises against frequent monitoring and impulsive decision-making, emphasizing the long-term nature of investing.
  11. Learning More About Investment Choices:

    • Recommends researching stock ETFs, understanding the historical performance of companies, and looking at online reviews for user satisfaction.
  12. Potential Earnings with Investing Apps:

    • Indicates that potential returns depend on the amount invested, and caution against expecting guaranteed returns based on past results.

This breakdown covers the key concepts and information presented in the article, providing a comprehensive overview of the topic. If you have any specific questions or need more details on a particular aspect, feel free to ask.

The 6 Best Investment Apps of November 2023 (2024)


What is the best app to start investing on? ›

Best investing apps to help you make money
  • Stock Rover – Best app for stock research.
  • Charles Schwab – Best app for beginners.
  • Ellevest – Best app for socially responsible investing.
  • Public – Best app for learning about companies.
  • Fundrise – Best app for direct investment in real estate.

What is the best place to invest money in 2023? ›

9 ways to invest your money in 2023
  • Robo-advisors.
  • High interest savings account.
  • Index funds.
  • Government bonds.
  • Micro investment.
  • Property.
  • Cryptocurrencies.
  • Forex.
Jan 15, 2024

What is the most successful thing to invest in? ›

11 best investments right now
  • Money market funds.
  • Mutual funds.
  • Index Funds.
  • Exchange-traded funds.
  • Stocks.
  • Alternative investments.
  • Cryptocurrencies.
  • Real estate.
Mar 19, 2024

Which app is better for investment? ›

Comparison of the Best Investment Apps for Beginners in India
Investment AppKey FeaturesUser Ratings
UpstoxUser-friendly interface, advanced charting tools4.5/5
ZerodhaRobust trading platforms, in-depth market analysis4.7/5
Angel BrokingResearch tools, advisory services, investment reports4.3/5
6 more rows
Jan 24, 2024

What is the easiest app to invest money? ›

  • Acorns. Acorns makes it easy to invest with whatever you have by automatically investing your spare change. ...
  • Betterment. Designed to help you reach your goals, Betterment is great for beginners because it includes automated investing. ...
  • Charles Schwab. ...
  • E*TRADE. ...
  • Fundrise. ...
  • Invstr. ...
  • M1 Finance. ...
  • Public.
Feb 23, 2024

Is buying stocks on cash App a good idea? ›

Cash App Investing is a beginner-friendly platform for banking and investing on the go. If you're looking for simplified, low-cost trading, Cash App may be worth looking into. However, other low-cost investing apps for beginners offer more investment options, more account options, and better resources.

What is the safest investment with the highest return? ›

Here are the best low-risk investments in April 2024:
  • High-yield savings accounts.
  • Money market funds.
  • Short-term certificates of deposit.
  • Series I savings bonds.
  • Treasury bills, notes, bonds and TIPS.
  • Corporate bonds.
  • Dividend-paying stocks.
  • Preferred stocks.
Apr 1, 2024

Where can I get 10 percent return on investment? ›

Investments That Can Potentially Return 10% or More
  • Stocks.
  • Real Estate.
  • Private Credit.
  • Junk Bonds.
  • Index Funds.
  • Buying a Business.
  • High-End Art or Other Collectables.
Sep 17, 2023

Which investment gives highest return? ›

20 Best Investment Options in India in 2024
Investment OptionsPeriod of Investment (Minimum)Returns Offered
Stock Market TradingAs per the investment Profile7- 20%
Mutual FundsMin. 3 years for ELSS8-20% p.a.
GoldAs per the investment Profile13% Avg. Returns in 2023)
Real EstateAs per the investment Profile6-12% p.a.
14 more rows

How much money do I need to invest to make $1000 a month? ›

Reinvest Your Payments

The truth is that most investors won't have the money to generate $1,000 per month in dividends; not at first, anyway. Even if you find a market-beating series of investments that average 3% annual yield, you would still need $400,000 in up-front capital to hit your targets. And that's okay.

What is the smartest thing to invest in right now? ›

Corporate bond funds can be an excellent choice for investors looking for cash flow, such as retirees, or those who want to reduce their overall portfolio risk but still earn a return. Long-term corporate bond funds can be good for risk-averse investors who want more yield than government bond funds.

What is the safest investment right now? ›

  • Treasury Inflation-Protected Securities (TIPS) ...
  • Fixed Annuities. ...
  • High-Yield Savings Accounts. ...
  • Certificates of Deposit (CDs) Risk level: Very low. ...
  • Money Market Mutual Funds. Risk level: Low. ...
  • Investment-Grade Corporate Bonds. Risk level: Moderate. ...
  • Preferred Stocks. Risk Level: Moderate. ...
  • Dividend Aristocrats. Risk level: Moderate.
Mar 21, 2024

Which is the safest app to invest money? ›

Best Investing Apps
BrokerNerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.Account minimum
Fidelity Learn more on Fidelity's website5.0 /5$0
Webull Learn more on Webull's website5.0 /5$0
3 more rows
Mar 29, 2024

Should I invest through my bank or an app? ›

You definitely do not want to invest through your bank. You will have poor service and very high costs. Robinhood and Wealthsimple are ok options and if that is what you are comfortable with go with that.

Can I trust Robinhood? ›

Robinhood is considered safe for investors. It's a member for the Securities Investor Protection Corp. (SIPC), is regulated by the SEC, and has additional financial protection per customer up to certain amounts for cash and securities.

How to invest your first $100 in stocks? ›

  1. Our six best ways to invest $100 starting today. ...
  2. Use a micro-investing app or robo-advisor. ...
  3. Invest in a stock index mutual fund or exchange-traded fund. ...
  4. Use fractional shares to buy stocks. ...
  5. Put it in your 401(k) ...
  6. One way not to invest $100. ...
  7. Related investing topics.
  8. Don't wait to invest.
Nov 29, 2023

Is Robinhood good for beginners? ›

Robinhood can be a good broker for beginners to start with stock trading, but there are pros and cons to using this platform.

How to invest money for beginners? ›

Best investments for beginners
  1. High-yield savings accounts. This can be one of the simplest ways to boost the return on your money above what you're earning in a typical checking account. ...
  2. Certificates of deposit (CDs) ...
  3. 401(k) or another workplace retirement plan. ...
  4. Mutual funds. ...
  5. ETFs. ...
  6. Individual stocks.
Dec 13, 2023

Should I use Webull or Robinhood? ›

Bottom Line. Webull may be the better choice for nearly any investor who wants an online trading platform. Sophisticated investors are unlikely to find any significant benefit in Robinhood's ease of use. However, both platforms make trading easy and quick, whether from a desktop or a smartphone screen.


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Author: Lidia Grady

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Author information

Name: Lidia Grady

Birthday: 1992-01-22

Address: Suite 493 356 Dale Fall, New Wanda, RI 52485

Phone: +29914464387516

Job: Customer Engineer

Hobby: Cryptography, Writing, Dowsing, Stand-up comedy, Calligraphy, Web surfing, Ghost hunting

Introduction: My name is Lidia Grady, I am a thankful, fine, glamorous, lucky, lively, pleasant, shiny person who loves writing and wants to share my knowledge and understanding with you.