The financial technology sector continues to revolutionize the investment world, with investment apps gaining massive traction among new and experienced investors alike.
September 2024 presents an array of investment apps that excel at different financial objectives and different investment styles. The top three in terms of free stock trading, real estate investments, and automated investing are Robinhood, Fundrise, and Acorns, respectively.
As of September 2024, the investment apps market is highly active, and these platforms have opened up new financial markets to the average man on the street like never before. From commission-free stock trading to robo-investing and property crowdfunding, the best investment apps of today are offering a multitude of features to enable you to reach your financial goals. This article takes a closer look at the three leading apps for investment this September: Robinhood, Fundrise, and Acorns.
To provide a fair review, it’s important to identify what each investment app brings to the table in terms of its product offerings, its ease of use, and its ability to help you achieve your investing goals. Robinhood is very simple and easy to use and gives you the ability to trade stocks and ETFs with no commissions.
This makes Robinhood an ideal platform if you are looking to make the occasional trade on the stock market without paying high transaction fees, which allow you to increase your rate of return on investments. Fundrise gives individuals who are interested in investing in real estate with relatively low capital the ability to do so in a manner that is significantly less risky than purchasing a single piece of real property. If you are looking for a ‘set it and forget it’ approach to investing, Acorns is a great option due to its automated investing capabilities.
Robinhood shattered many barriers to entry to the investment world by offering commission-free stock trading on its investment app.
Since its debut, the company made no efforts to hide its determination to dominate the market by adding features such as fractional share investments, cryptocurrency trading and other perks like top-notch educational tools with a streamlined intuitive platform and easy-access trading options. It has become a favorite among millennials and younger investors who can easily enjoy and understand the investment world through the app at their fingertips. As of September 2024, Robinhood remains a leader in the free stock trading space, with millions of users who appreciate being able to trade without being charged large fees.
Fundrise is an investment app that specializes in real estate.
The app enables you to invest as little as $500 in a diversified portfolio of real estate projects. It uses crowdfunding to pool money from multiple investors in order to buy into assets that would otherwise be out of reach for individual investors. The projects funded by users are visible on the app, and it provides updates from time to time as well as a steady stream of returns. I particularly like the fact that you can invest in a diverse portfolio of real estate projects with only $500, which can be a great way to start diversifying your investments into real estate.
Acorns is one of the leading ‘micro-investing’ apps that practices round-up investing.
This app rounds up some of your everyday purchases and invests the spare change into one of six different diversified risk-adjusted portfolios. Acorns can turn us into micro investors and you can begin investing with as little as $5. In addition, the app includes a number of financial education features such as daily learning modules, and an option to set recurring investments. Also, Acorns allows you to link it with your bank accounts to get a real-time view of your balance and transactions. By integrating with your bank accounts, Acorns can continue to innovate in the automated investing space and make it easier for us to invest passively, while enhancing transparency and building financial literacy.
While the sheer number of investment apps may confuse you, you can narrow down the best one for you by setting your financial goals and seeing how each platform can help you get there. Robinhood is a great choice for an active trader who wants to ignore the noise of the market, shorten hold times with commissions, and capitalize on market moves. If you like investing in real estate, Fundrise is a solid substitute for REITs, with far lower fees than standard ETFs or site-based crowdfunding options. Acorns suits seamless, automatic investing—a process made stress-free so you can truly forget about your money. Regardless of your chosen app, it is important to priorities your financial goals: that way, you can compare and contrast the features of the top investment apps, and subsequently select a platform that matches your investment strategy and leads you to build wealth in the long-term.
Overall, the investment apps available in September 2024 showcase a great level of diversity to serve every investment purpose as well as personal investment style. Robinhood remains an excellent choice for commission-free trading and minute purchases; Fundrise offers another unique investment avenue in real estate; and Acorns is a user-friendly app for automated portfolio management.