The Best Investing Apps in 2021
In just a few years, many new online investing apps have been launched on the market. While some of them have been more successful than others, they all have had some sort of impact on the financial industry. But which ones are the best? That’s a question that investors often ask themselves. In this article, we’ll identify a few of the top easy investing apps for 2021 and explain what differentiates them from each other.
While using the money investing app and doing financial transactions, keep your privacy. One of the best ways is to use a secure VPN. We’ll also discuss What is the Best VPN for Android and iOS. But first, let’s find out about investment and how it works? So, stay tuned!
What is investing, and how does it work?
Investing is the act of committing money to various securities with the goal of generating a financial return. In simple words, It is the act of acquiring financial assets in order to generate profit or income. The three main traditional types of investments are stocks, bonds, and cash. These investments come with their own risks and rewards, so it’s essential to choose a strategy that will work for your goals.
Investments typically generate income through capital gains or dividends. When you invest in a company’s stock, you’re buying shares from that company’s current owner, either an individual or another company. When you buy a stock, you hope its value will increase and then sell it for a higher price than what you originally paid for the stock.
Why investment apps can be useful and convenient?
The modern way for investing is through mobile apps. Although many people may be hesitant to embrace the new app-based investment strategies, they can be helpful for those who are busy or lack time to maintain an investment account.
By taking the burden out of the hands of investors, these apps make it easy to customize a portfolio with low fees and diversification, depending on your needs. Furthermore, they offer many forms of security that are not available with traditional investments.
As we discuss security, it’s also crucial to have protection for your device and personal data, especially while doing financial transactions. It is always recommended to use a VPN while browsing the internet. We recommend people use VeePN for protected financial transactions and safe browsing. VeePN is a legal, encrypted, and secure VPN and works with all types of devices and OS. VeePN also has a free trial.
Now, coming back, if you are looking to spend your time, money, or both, there are plenty of apps that can help you find the best investments for your needs. Let’s discuss some of the best ones.
Best Investing Apps 2021:
Invstr is an investment app that offers a comprehensive introduction to investing for beginners. The app walks users through the basics of investing and provides a basic understanding of how it works. The app is available on both iOS and Android and offers virtual money for practicing investment.
There are also games available within the software so people of any age can learn and entertain at the same time. There are a lot of learning resources available, including blogs, podcasts, polls, etc.
Wealthbase is another beginner-friendly app that offers a simulated game experience for newbies. Users will get $100,000 virtual cash to play and learn. It has an easy-to-use interface that presents essential information in categories. This app also provides financial news that helps investors in monitoring market trends and events. The design is so easy to use; you won’t be overwhelmed with complicated features.
Fidelity Spire is one of the best investing apps because it has no minimum balance requirements, has excellent customer service, and is very user-friendly. There are also no minimum account requirements, and people can purchase less than one share of a particular security.
It is a low-cost app that offers helpful educational resources and also provides its users access to a wide range of investments.
Acorns is an investing app that helps savers grow their money. The company has partnered with the likes of Visa and MasterCard to offer cardholders investment opportunities. Acorns have low pricing plans, which start from just $1 per month. There is a $0 minimum balance required for saving accounts.
The platform is super secure with 256-bit encryption and 2-FA. However, sometimes it is better to take your own precautionary measurements. That’s why again, it is recommended to use VeePN VPN iPhone and Android. Acorns is a trusted platform and backed by top investors and organizations like CNBC.
Webull is a mobile investment app that offers the best of both worlds. Traders can invest in stocks, ETFs, and ADRs with little investment. There are two types of accounts: IRA for retirement and Individual Brokerage Account, a general account for buying and selling assets. Webull offers a $0 minimum balance requirement which means it can be best for beginners.
So, these were some of the best investing applications in 2021. People can use any of these according to their requirements and goals. However, since your IP address is public while making transactions, it is recommended to use a VPN like VeePN to hide your IP address and make a secure transaction.