This article discusses the best micro-investing apps available to Millennials, Gen-Zers and any generation interested in learning how to invest small amounts of money steadily and consistently over time.
The interest earned in these accounts will not make a significant dent in your retirement preparation like investing can. Investing is more powerful than leaving cash in a savings account.
The right time to invest is now and it all starts with a simple download of a micro investing, robo-advisor app like Acorns. But don’t let that investing term scare you. A robo-investing app takes your deposits and automatically invests them in a diversified portfolio.
This list of the best micro investing apps looks to offer simplified investing experiences at the start but ones which can still serve your needs as you grow your investing knowledge.
Acorns is a micro investing app for minors and young adults who wish to start with a small amount of money in their investments. You can choose to invest your spare change through a linked debit card and make regular deposits to contribute to your investment portfolio.
The app is a great choice for investing your spare change or adding more to the market at once by tapping into savings accounts to make larger deposits on a regular basis.
What Public.com is really about is making investing like an investing social network, where members can own fractional shares of stocks and ETFs, follow popular creators, and share ideas within a community of investors.
M1 Finance acts as a singular personal finance app to assist with building wealth through automating your investments into diversified portfolios, having a bank account and linked debit card that provide market-beating interest rates and have access to valuable personal finance literature.