Top 10 applications to enter the world of wealth

There are many smartphone applications that enable you to invest your money, but before you choose one of them it is important to clearly define your motives and goals, the duration of your investment activity, and the gains you want to reap.

In this report, published by the American "Millennialmoney" website, Grant Sabatii says that investing savings and excess amounts is the best way to obtain additional income and achieve financial independence.

In the past, this field required previous knowledge, or hiring a consultant to guide you on the right path so as not to lose your money.

But today, with the technological revolution, the investment sector has witnessed great changes, and there are simple and easy ways to manage your investments from your smartphone, even if you do not have a large amount.

The writer presents a list of the 10 best investments that achieved success and won the admiration of users this year.

1. Robin Hood

"Robin Hood" application provides a stock brokerage service on the Internet, and it is free, and does not impose any fees on shares, or a minimum amount that must be deposited, and the use of this application is easy even for beginners, and therefore it has achieved great success.

The writer indicates that the application is free and therefore does not include many features, such as search service, trading tools, educational materials in the field of investment, and many other options.

On the other hand, this application allows the trading of cryptocurrencies such as Bitcoin, Ethereum, and others, and you can purchase the paid version of it for $ 5 per month, to access additional features.

2. Ally Invest

You may have heard of Ally Bank, which was selected among the best banks this year, and the Ally Invest application that follows this institution.

The writer believes that this application is suitable for active traders interested in obtaining investment services for a very small fee of zero dollars.

3. Public.com

Public.com, formerly known as Matador, combines zero-fee investing with social networking features to create a unique platform for beginners.

This application, available on the Android and iOS stores, helps you communicate with other investors, and offers you a $50 gift if you invite a friend to enter the platform.

4. Webull

The "Weipole" application is suitable for investors who want to trade stocks through their phones, and it is a new application in this field, but it has become a strong competitor to the "Robin Hood" application.

Wepol is characterized by its simplicity and ease of use through the smartphone or the website, and it displays analytical graphics and data that help you make a decision.

5. Betterment

Betterment is a platform in which you provide advice by means of a robot that manages your investment portfolio in a way that maintains its balance.

To start using this application, it is enough to answer some questions about your age, financial goals, the amount of your income, and the degree of risk you intend to accept, so that you can be evaluated as a new investor and guided according to what suits your goals.

6. Acorns

The “Aecorns” application also enables you to earn money with the click of a button, and it is described as one of the best that has been developed in this field, as it pushes you towards learning the basic skills of investing in a smooth and smart way, and makes you active in this field on a daily and fun basis.

This app introduces a new idea of investing very small amounts of money, which are savings and, at the same time, an opportunity for you to practice. It is sufficient to link this application to your bank card, so that each time it deducts a very small amount when paying with the card, and then guides you on how to invest it.

7. Stash

Recommended for those who want to get started with simple steps, Stash is an investment advisor that provides access to more than 250 different investment funds, as well as individual stocks.

And this application helps you to choose your investments quickly and safely even if you are a beginner, but if you want to enjoy additional services, you must obtain the paid version for $ 9 per month.

8. Fundrise

If you are looking for an alternative way to invest, the “FundRise” application is an excellent platform that provides you with a crowdfunding service to invest in real estate, with the possibility of obtaining acceptable annual profits, and it is a smart way to enter the real estate field even if you have a limited amount, unlike most Applications are not exclusive to accredited investors.

9. TD Ameritrade

The TD Ameritrade app is an online platform for investing and trading stocks, well suited for those who want to practice this activity in the long term. It is easy to use for experts and beginners alike, and also provides educational videos that allow you to acquire skills and knowledge that will help you go through this field, and if you are in the United States, you can also get direct assistance by meeting with advisors face to face.

10. Wealthfront

If you want an easy way to invest, save and plan securely, Wealthfront application responds to your needs. It is an advisor bot that offers a set of solutions, enabling you to reap benefits from your money, get savings management advice, and automate your portfolio.

This application has received an excellent rating in the Apple and Google stores of 4.9, and therefore it is user-friendly.

• How do you choose the right app for you?

The writer says that there are a huge number of smartphone applications that provide various features and services. Before you choose among them, it is important to determine the reason that made you go into this field, the duration of your investment, and the results you want to reap.

And if, for example, you want to start with small and careful steps, because you do not have any experience, and you have a small amount of money, you should choose the application that allows you to invest with a small amount, and guides you step by step.