Investing apps have become a popular way for college students to learn about investing. They make it easy to set up an account with as little as a couple of dollars. With a variety of features, such as investment trackers, budgeting goals, and a free credit score, these apps are a great way to gain control over your finances.
The Acorns app is one of the best investing apps for beginners. Its built-in robo-advisor helps investors build a diversified portfolio with low fees. It’s also great for those who have little or no market knowledge. Acorns also offers a savings account feature called Acorns Later that lets you save money for your retirement.
Another great app is Ellevest. This app offers robo-advisor services and has an emphasis on investing in companies that positively impact women. It also offers portfolios focused on impact funds, community services, and sustainable business practices. Ellevest aims to help women achieve financial independence by providing tools to manage their money.
Another good app is Public, which allows beginners to buy fractional shares of their favorite companies. The app also allows users to chat with other investors and view their portfolios. They can also share tips and ideas with each other.