Millennial Investment Apps

Almost every type of investment has a lengthy learning curve. And this is why young people have an added advantage when it comes to investing. 

After all, they have all the time to study the stock market, correct losses, and refine their strategies. So if you are a millennial, one of the best financial decisions you can make is to embrace the stock market.

8 Top Investment Apps For Millennials

Invstr

What better way to learn how to invest than from the investing community itself? And the Invstr app allows you to do just this; you get to know tips from the investing community and understand why they prefer certain stocks over others. 

Invstr

And the good thing about Invstr is that it provides stock market education in a fun way. For example, it includes a fantasy stock game that allows you to manage virtual portfolios and interact with other investors. 

This is just the right investment app if you are a beginner with little to no knowledge of the stock market. This app allows young investors to invest in over 3,000 funds and stocks in fractional shares. Also, it adds a thematic name to every commonly-used ETF, such that the beginners understand the different types of investments and how to browse.

Stash

Besides, Stash offers an educational platform for beginners. For example, it includes many podcasts and a site of articles that helps young investors learn the art of trading. The account has a minimum balance requirement of $5.

Stash

Betterment

The Betterment investment app offers a safe portfolio and a cash management account. These portfolios are managed using a variety of ETFs that focus on two key aspects: when you need cash and your risk tolerance. Still, the app can also help you find investments with higher returns, especially if you are the sort that can deal with a higher risk.

Betterment

Compared with other financial advisors, Betterment has a smaller price. For example, basic accounts charge a management fee of a mere 0.25%. More so, the app does not require any minimum account balance.

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