Investment Earning Apps3 min read
If you’re looking for a passive income, an investment earning app can help you earn some extra money without doing much work. These apps can also be a great way to save for big purchases or supplement your income.
The best investing apps are tailored to suit your needs and experience level. Beginners and passive investors may prefer robo-advisors, while more experienced traders can find investing apps with more research tools and advanced trading tools.
Acorns is a robo-advisor that invests your spare change — and any other contributions you make — into a selection of about 25 low-cost, diversified ETFs. The company puts your money in one of five prebuilt portfolios based on your investing risk tolerance and goals, and it automatically rebalances your portfolio.
The company claims its fees are less than 1% of your balance, but that may depend on how much you invest. Regardless, the app is an attractive option for new investors.
Acorns also provides customer support via email and chat, 24 hours a day, seven days a week. The only downside is that customer service does not offer phone options, which can be frustrating for those who need to talk to a human.
Betterment is an investment earning app that picks investments for you based on your goals and risk tolerance. It has a simple interface and low fees.
Betterment’s default Core Portfolio is made up of ETFs in about a dozen asset classes. Its other strategies range from socially responsible investing (SRI) to a retirement strategy, which aims to grow your savings over the long run.
In addition to investing, Betterment also offers checking and savings accounts. There are no trade or withdrawal fees on those accounts and no account minimums.
If you’re looking for an investment earning app that aims to build a community around investing, Public is an option worth considering. Its social cornerstone is a feed where you can follow other investors’ portfolios and see what they buy, why and how.
It also allows you to purchase fractional shares of stocks, ETFs and crypto. This is a great way to diversify your investments and get the most out of your money no matter how little you have to invest.
You can also join a chat group with friends or other members to discuss the app and the markets. The community is a great way to learn from others and make smarter decisions when it comes to investing.
Drop is a mobile app that lets you earn rewards for shopping at a variety of retailers. To earn points, you need to link a credit or debit card to the app.
Unlike most other cash-back apps, Drop is free to download and doesn’t require any monthly fees. However, you do have to give them access to your bank account information, which can be a bit of a concern for some users.
To get started, you need to sign up for an account with a valid email address or Facebook account. You can also refer friends to the program and earn 5,000 points for each referral.
Fundrise is an investment earning app that uses a combination of real estate strategies to build dynamic portfolios that fit your specific investment goals and risk profile. Investors choose an account level and then pick from a variety of investment plans based on their objectives and investment amount.
The platform is easy to use and intuitive. You answer a few questions about your investing experience and goals, and then the platform selects funds that match your strategy. It even offers an easy way to track your progress toward your goal.
M1 Finance is an investment earning app that aims to make investing quick, simple and free. It offers automated monthly investments in a diversified portfolio of ETFs and stocks, and it even allows users to reinvest dividends.
The platform also offers a flexible loan on up to 35% of your account value at low rates. This is an ideal option for people who want to pay off debt or save up for a home or other purchase.
M1 Finance also offers a digital checking account that works with your investments and the portfolio line of credit. You can link your bank accounts and make recurring deposits at your preferred intervals.