Investing is a great way to save for the future, even though it can be intimidating. By taking small steps and building a solid investing foundation, you can start to gain confidence and make sound decisions that will benefit your financial future. Even if you don’t have a lot of money, micro- investing apps make it easy to invest.
Micro- investing involves putting small amounts of money into the market. Even if you don’t have a lot of money, micro- investing is a great way to start. Many people choose to save their money for retirement through an employer-sponsored 401(k) or IRA. If you want to invest and save more, download and use a micro-investment app. You can maximize your savings with an app that helps you organize and track your investments.
You can have full control of your investments with some micro- investing apps. These apps are a great way to start building a diversified portfolio. The best apps for micro- investing are listed below. Before you sign up for a micro- investing app, you should do your research and read the reviews to make sure it’s the right fit for you.
10 Best Micro-Investing Apps for 2023
Here are the top 10 best micro-investment apps right now:
1. Robinhood
Best Overall
If you’re looking for a micro-investing app that allows you to be very hands-on, consider Robinhood. The aim of the app is to make investing accessible and affordable for everyone. One of the most popular and widely used investing platforms in the world is the app.
Robinhood is free to open an account. The user interface of the app is easy to use. You can transfer funds to your bank for free. You don’t have to pay additional fees if you make as many transfers as you need.
It is a simple app that can be used by new investors. It is attractive to those who want to invest without having to pay commission fees. The app is designed to be easy to use, so there are no bells and whistles. The user experience is easy to use. Investopedia says that if you are more experienced at investing, you might find the platform lacking. If you’re looking for more advanced features, such as options trading and margin accounts, it may not be the best choice.
Robinhood lets you trade full stocks. You can buy and sell with the virtual currency. You can use it as an investment as its value often fluctuates over time, and it is a revolutionary form of digital currency that provides an efficient and secure way to make payments online. With real-time market data, you can stay on top of your investments.
You can access your account from your laptop or computer. The platform is designed to be secure, with the latest protocols in place to protect your account. You can find new stocks via the Collections section, which sort investments into categories like gas and oil, social networks, and entertainment. You can invest directly from the app.
You can see the average share price investors bought. This can help inform the decision to buy or sell a stock. Other features include a list of related stocks that other investors bought, stock ratings by analysts, earnings information, and general stock market news. To get an in-depth look at a company’s financial performance and current market position, investors can view up-to-date financial reports.
If you want to take a deeper dive into the stock market but aren’t sure where to start, you can use Robinhood. The app can help you understand the stock market and make informed decisions. The app is available in the U.S.
2. Acorns
TheAcorns app is for people who are more of a hands-off type. Even if you don’t have a lot of money, you can invest with the app. When you connect your bank account to Acorns, it will round up your purchases and deposit the money into your account. It is possible to set up recurring investments to make sure you are saving consistently.
If you buy something for $15.49, Acorns will take the extra 51 cents and save it.
Once your account reaches $5, Acorns will begin investing for you. The app can decide where to invest if you set your preferences. You can let the app invest for you in a way that suits you. While still taking advantage of the stock market, you can focus on your other financial goals.
It is unlikely that you will make a killing with your investments, but it is a good supplement if you want to start saving more. You can get into the habit of building a healthier financial future with the help of acorns. Since the amounts are so small, you won’t notice the money missing from your account each month. This is a great way to save money.
To learn more check out our Acorns review or download Acorns from the App Store or Google Play if you live in the U.S. Australia can be found at the link below. If you want to learn more about visiting the Great Barrier Reef, you can find more information at the link below.
3. Public.com
If you mixed investing with social media, the end result might resemble Public.com.
You can connect with friends on social media, but you can also connect with other investors. A wide range of features in the apps make investing more accessible and enjoyable. When you don’t know where to start as an investor, interacting with more experienced traders can help. consulting with a financial advisor for more tailored guidance on how to invest your money
Public uses themes to make investing easier. There are about 50 investing themes on the platform.
Maybe you want to invest in women-led businesses. You can help create a sustainable future by doing this. Public has a theme that helps you invest with your heart and head. While still making sound financial decisions, this approach to investing means you can feel good about where your money is going.
They appeal to your common sense. The benefits of investing in these products are attractive and can help you save money in the long run.
Public.com Investing Features:
- Nowadays, commission-free trading is commonplace. Commission-Free Trading has changed the way investors and traders make decisions. Matador was a pioneer. Public built on the success of Matador and is now a leader in its field.
- Do you want to wait until you have the funds to buy a full share? There is a way to invest in a fractional share. (Public calls fractions “Slices.”)
- A Refer a friend and you will get a free slice. (Your friend gets a free Slice, too.)
- Real-time Trading: During trading hours there’s no delay even when you trade only a Slice.
- You can chat with a customer service rep through the app when you’re confused. We can help you get the most out of your app experience.
- You can open an account with any amount. There are no fees for opening and managing an account.
- Up to $500,000 of your account’s uninsured money will be insured by the SIPC; however, Public.com no longer pays interest on invested cash.
It doesn’t work for international trading and it isn’t for high-volume day traders. If you’re looking for a platform that can handle those types of investments, look elsewhere. Public isn’t for you if you prefer a completely passive approach. Public is a good choice for a hands-on investment strategy.
Public works best for new investors who want to learn the ropes, earn some extra cash, but not control every aspect of their portfolio, because it has some advanced features. Even those who are new to investing can get started quickly because public makes it easy for users to set up their own portfolio.
Common sense should be used when taking investment advice from friends on public’s optional social media platform. It’s important to remain objective and do your own research before taking any advice. Financial advising is a paid profession. It takes a deep understanding of the economy, personal finance and financial markets to provide sound advice.
4. Stash
The app is designed for beginners who want to be hands-on with their investments. Users can build their own portfolio, choose from a variety of funds and track their investments with Stash. They don’t charge trading fees or commission. They make sure that any questions or concerns are addressed quickly.
You can connect the app to your bank account after you download it. You can easily keep track of your finances once connected. Stash will ask you questions to figure out your risk level. You will be provided with tailored investment options once you have answered the questions. This can be conservative, moderate, or aggressive. The degree of risk assumed in an investment strategy should be carefully evaluated to determine the best fit for the investor.
If you read the investors’ guide first, you can pick the companies and portfolios you want to invest in. You have the option to invest in causes that are important to you, specific interests, products, and services, or specific companies. You can support the organizations that best reflect your values by investing in these areas. This allows you to decide where your money goes. You can use this freedom to better allocate your resources to meet your financial goals.
You can see a list of companies that match your preferences after choosing the types of companies you want to invest in. You can start researching which ones are best for your portfolio after selecting the ones you’re interested in. Before investing your money, you can read more about each company and assess its risk level.
Once you’ve made your decision, you can add it to your Stash portfolio and even choose to “Auto-Stash,” where you can determine how much money to add to the investment on a weekly or monthly basis, it could be investing $100 or as little as $5. You can $$$[ on your portfolio in the app at any time. You can easily adjust your portfolio with Stash.
It is available on both phones. It’s a great way to start investing, no matter what your financial background is. You can only access it in the U.S.
To learn more check out our Stash review or download stash using the link below.
Stash Plans:
- St Ash Beginner helps customers learn the basics of saving and investing with a personal brokerage account and access to banking services. Customers can start investing with as little as $5.
- Stash Growth helps customers build the foundation of a healthy financial life with a personal brokerage account, retirement account, and access to banking services. STASH Growth gives customers exclusive access to expert advice and insights to help them make better financial decisions.
- STASH+ helps customers maximize the value of every dollar they make with a personal brokerage account, retirement account, two custodial investment accounts for minor, and a monthly market insight report. STASH+ gives customers access to personalized financial advice from experts and guides to help them make informed decisions about their investments.
5. Betterment
If Robinhood sounds too hands-on for you, consider Betterment. While this app allows you to be hands-off about your investments, it also gives you access to real financial advisors who can help you decide where to invest your hard-earned dollars. You can make informed decisions by doing this.
You can choose between Betterment Digital and Betterment Premium when you sign up. The simpler of the two is the one with no account minimum and a small fee. Depending on your needs, either of these options could be a great fit for managing your investments. The latter gives you easier access to financial advisors and has a higher fee.
You can speak with financial advisors with Betterment Digital. You will get unlimited phone access if you choose the Premium service. You will be able to access exclusive content that isn’t available through the regular service. Most of us will have to stick with the Digital package because we need a $100,000 account minimum to sign up for the Premium service. The Premium package has a wide range of additional features that are worth considering if you can afford them.
Betterment is recommended for investors who want to be hands-off, are retired, have low balances or like goal-based tools. Betterment offers tax efficient strategies for investors, making it a great choice for those looking to maximize their returns. The Betterment app is available on both the App Store and the Play store, but you can also access it online. The Betterment app helps you stay on top of your finances and make the most of your money.
No matter what type of investor you are, there is a micro- investing app for you. You can find the right app for your investing style. Betterment is a good choice for more hands-off investing. You can rest easy knowing that your money is working for you, because both services allow you to easily set up automatic investments and withdrawals. If you want to dig deeper into the market and have more of a say in where you invest, go with either of the two. These services can help you learn the ins and outs of investing, and give you the chance to create a portfolio that suits your needs.
Make sure you research the benefits of each app before you sign up, so you don’t end up with a bad choice. It’s important to remember that the app you choose should be tailored to your specific needs and financial goals.
6. SoFi
SoFi is a popular personal finance company that offers banking, loans, insurance, and investment services. It is one of the easiest investment platforms to use, with a simple mobile app for managing all your investments. The platform allows users to invest with as little as $5.
You can get early access to IPOs with SoFi. Financial planning, money management, and loan refinancing are some of the additional services offered by SoFi. Sofi has over 30 available coins. Both experienced and novice traders can use SoFi’s service.
You can invest as little as $10 and get up to a $100 bonus on your first trade. You can get a head start on your financial journey with this small investment. It could be a disadvantage for more seasoned investors to not have mutual funds or bonds at SoFi. Sofi is a great option for the modern investor if they are comfortable with stock and ETFs investments.
It is rewarding to invest small amounts of money with SoFi. No matter the size of your wallet, it’s a great way to start investing.
You can invest in fractional shares from your favorite companies for $5 and no commission. Everyone can invest regardless of their income or investment knowledge.
You can play a less active role in investing if you choose to. It is possible to leave the day-to-day decisions to SoFi’s experienced team of experts. You can use a single investment or a recurring one to set up automated investing. It’s easy to build a portfolio with just a few dollars.
If you have a You can make small investments with round-ups on Mastercard purchases. This is a great way to start building your savings and investing.
Account management fees are not included in SoFi’s automated investing. It’s a great way to get started in the world of investing without having to worry about high fees. When you set your investing goals, SoFi invests on your behalf to meet those goals by changing your investments and rebalancing to keep you on track. SoFi’s team of experts will help you stay on track with your investing goals, providing guidance and support every step of the way.
7. M1 Finance
If you’re looking for a platform that’s a hybrid of automated investing and customization, M1 Finance could be for you.
M1 Finance is built around the idea of pies. You can easily manage your portfolio in a way that best meets your individual needs with M1 Finance. The platform calls its portfolios. Portfolios are managed according to your personal goals and risk tolerance. You can choose from over 60 carefully-curated pies or make your own by choosing the stocks and funds you want to invest in. A portfolio that is tailored to your individual needs and goals can be created with the combinations.
This also includes fractional shares. If the share price is too high, fractional shares can be used to purchase a portion of the share. As little as $1 can be used to invest in high-priced stocks. If you don’t have a lot of money, this is a great way to start investing.
M1 will automate your investments from there. M1’s investment strategies can help you reach your financial goals. It is one of the top picks for self-directed investing. It is an easy, cost-effective way to invest money.
There is no account management or trading fees, but there is a minimum of $100 and a minimum of $500 for retirement accounts. There may be fees associated with transferring funds from other financial institutions.
M1 also offers a checking account, rewards credit card, and an Owner’s Rewards Card. You can get up to 10% cash back on purchases from brands you are invested in with this card. Refer friends to join the program and you can get extra cash back. It’s possible to automate the process of reinvesting your rewards. This can help you save time and money.
M1 has a premium account, M1 Plus. M1 Plus can help you maximize your savings and investments. The account is free for the first 3 months. You can either continue using the account or cancel it at no cost after the initial 3 months. It comes with better credit card rewards and loan rates, as well as access to a custodial account, smart transfers, and AM or PM trading. It’s an attractive package that can make managing your finances easier.
8. Greenlight
You should consider Greenlight if you want to teach your kids about investing. Greenlight is the perfect choice for parents who want to introduce their children to investing.
Greenlight is the only platform in this review that is specifically designed for teaching kids and teens how to invest. The educational component helps users understand the stock market and how to make sound investment decisions.
The platform teaches kids about personal finance and investing. It is a safe and secure way for children to practice their financial literacy skills.
With parental consent, kids and teens can invest in stocks and exchange traded funds. This is a great way for them to learn how to invest. You can approve or deny the trade if they decide to make it. To keep track of your progress, you can view all your past trades in the app.
Contributions towards education and other saving goals can be made by parents. Setting up a 529 plan, custodial accounts, or other savings vehicles can benefit both children and parents in the long run.
You and your kids can invest as little as $1 with Greenlight fractional shares. Even with a limited budget, you and your kids can still enjoy the benefits of investing in the stock market. Greenlight has monthly fees, but there are no trading fees. There is a free one-month trial for Greenlight.
Here’s a breakdown of Greenlight’s plans:
- The plan comes with up to 5 kids’ debit cards, an educational app, personal finance tools, parental controls, and 1% interest on savings, for $4.99 per month.
- Greenlight + For $7.98 per month, this plan adds investing for kids and parents.
- Greenlight Max: Greenlight Max also gives your kids 2% interest on savings, 1% cashback, a Priority customer support, phone protection, purchase protection, and identity theft protection are included in the Greenlight Black Card. You can rest assured that your credit and personal information is safe with Greenlight Black Card.
9. Webull
If you are looking for a sleek mobile app with advanced trading tools, Webull could be the right fit. It has educational resources to help you make the most of your investment journey. The platform is easy to use for beginners and powerful for experienced investors. It makes the investment process simpler for all types of investors.
It is one of the most affordable options with no minimum deposit requirements or commission. Many investors like the convenience of trading through the mobile app.
Webull loses points for its lack of mutual funds.
Webull allows you to trade, store, and transfercryptocurrencies securely in the app. Webull gives you the ability to buy and sell a variety of coins in one place. You can start trading with $1. It can be hard to decide which one to invest in.
Webull allows you to make small investments with your favorite companies stocks. It’s possible for almost anyone to start investing, no matter how small their budget is. You can invest $5 in fractional shares.
You could win up to 12 free stocks when you sign up for a new Webull account. Refer a friend who is a Webull user to get bonus stocks.
Webull has less educational tools for new traders than some of its competitors, but it is adding more courses and guides to its library. Webull’s library is an excellent place to start learning about trading and investing.
It is important to know that Webull is an active trading platform. Webull is an affordable platform with a lot of analytical tools. Webull is a great choice for beginners and experienced investors.
10. Wealthsimple
Wealthsimple offers the best of both worlds if you’re drawn to automated investing but want to work with a financial advisors. You can choose to have access to a financial advisor or trade actively. If you don’t know which option is right for you, it’s best to talk to a qualified financial advisor.
You can share your goals and risk tolerance with therobo-advisor option. A personalized portfolio is created by the robo-advisor. Wealthsimple uses that info to build a portfolio. They pick investments that are well-diversified, low-cost, and tailored to your goals. You can ask your portfolio manager questions without paying an additional fee.
It is possible to invest in socially responsible companies if you are passionate about social causes. Direct donations can be made to non-profit organizations that are working towards causes you care about. Wealthsimple has investments that comply with Islamic law.
Some management fees are DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch The fees are usually lower than those charged by traditional financial institutions. You will pay a management fee if you deposit less than $100,000. There is no fee associated with the account if you deposit more than $100,000. Tax-loss harvesting is one of the features that come with six-figure accounts. The accounts are ideal for investors who want to maximize their financial growth potential.
You can invest as little as $1 in an automated account. Automated investing accounts are a great way to start building wealth. Wealthsimple’s active trading is a good fit for micro-investors. With the help of Wealthsimple’s experienced investment professionals, you’ll be able to tailor your portfolio and make decisions on when to invest or sell.
There are no account minimums or commission, and you can trade thousands of stocks with a basic free account. It’s easy to start investing regardless of budget or experience level. More than 50 coins are available to trade with Wealthsimple. Buying and selling coins is the main activity in cryptocurrencies, with investors able to purchase fractions of coins for as little as a few cents.
Frequently Asked Questions
How Does Micro Investing Work?
There is a popular micro- investing strategy rounding up. The strategy involves rounding your purchases to the nearest dollar and investing the difference into a micro-investment account. Apps like Stash and Acorns link your debit card to your investment account and automatically round up your purchases to invest in stocks and ETFs.
Purchase fractional shares and make small investments into your favorite companies. Major brands like Amazon, Apple, and Target can be bought for a fraction of a share for a few dollars. You can spread out your risk by investing in a variety of stocks, which will allow you to take advantage of potential gains.
Can You Make Money Micro Investing?
Yes, a short answer. Absolutely! Micro investing is a great way to learn about investing, save towards your goals, and start building a diversified portfolio regardless of how experienced you are or how much you have to invest. Micro investing is a great way for people who don’t have a lot of money to start investing.
Micro- investments add up over time. Discipline and consistency are the keys to successful micro-investment. You will need more than 24 round-ups here and there to retire. It’s important to make sure you put away enough money for retirement. Set up recurring weekly or monthly investments. If you prefer, you can set up a lump sum investment.
You need to be aware of account fees. When opening a new bank account, be sure to read the fine print to make sure you don’t get hit with any unexpected fees. To make sure the interest is worth it, weigh your contributions against plan fees. Make sure you research a plan that will benefit you in the long run.
