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5 Best Platforms To Get You Started With Investing

More and more people are getting into, and curious about how to actually get started with investing in stocks, bonds, mutual funds, and other types of investment vehicles. Getting into investing has never been easier as there are already so many apps you can download to get you started with it. 

In this article, we’ll give you a layout of the opportunities that are available right now, investing apps and stockbrokers that you could consider starting with. If you have an account with one of these apps, you may want to try out the other apps to kind of let you explore some of the pros and cons of these investing apps. 

1.) Stash Invest

If you’re looking for stock market investments for dummies, Stash is an interesting platform to use because they make it very simple to start investing. You can start with small amounts of capital, like $5 to start investing in specific stocks. 

What’s also great about Stash is that it allows you to buy fractional shares of stock. For example, traditionally, if you wanted to buy one share of Amazon, you’ll have to shell out $1700-$1800 for one share, which is too expensive for most people. But with Stash, you can buy pieces of a share of stock.

2.) Vanguard 

Vanguard is one of the best investing platforms out there, and the numbers really show for it. The manage trillions of dollars worth of assets for millions of people. Even with this big of a user-base, Vanguard’s fees are very low, especially for long-term investors.

Another great reason to consider Vanguards is that they offer many different types of accounts, not just the traditional brokerage accounts. IRA, 401ks, and 529 plans are some of these accounts you can open in Vanguard. You’ll probably open an account with Vanguard at some point in your life just based on the number of opportunities that they offer.

3.) M1 Finance 

The greatest feature of this platform is probably the fact that they offer free trading.  Almost anything you use on this platform is free. It may sound outlandish, but they remain operational because they make money through the interest they put on each people’s accounts. 

One of the most significant features of M1 Finance is that you can view your investments like a pie and put different percentages of investment here. So you can put in say, 20% of your portfolio on technology stocks or 5% in your overall portfolio. It’s really focused on automating the process of investing, making it easier for first-time or veteran investors to use. 

4.) Robinhood

Robin hood is another go-to for most people getting started investing in the stock market. They don’t offer a lot of research capabilities, but almost every week, they introduce new features for their app to keep it optimized. Like M1 Finance, most transaction-related actions in this app are free. 

The app’s interface is very user-friendly; they also offer a lot of different accounts, including Robinhood Crypto, and reliable analyzing tools, to make sure you invest wisely. Robinhood is intuitively designed for newcomers and experts alike and gives a clear picture of your portfolio’s performance over time. 

5.) Fidelity

Fidelity is very similar to Vanguard in a lot of cases, it might not be the go-to for some people, but it certainly is another good investing platform due to their low fees. If you’re looking for long-term investments like mutual funds or ETFs, Fidelity could be a good option for you.

Fidelity has 24/7 customer service so you can call anytime to get you to help with anything related to their app; not every platform offers this kind of service. Fidelity offers so much for news, research, accurate analytics, features that are lacking in some of the platforms mentioned in this list. 

Takeaway 

Many people have different preferences investing-wise. If you’re not sure which one to consider, a way for you to go about choosing your platform is considering opening up one account at a couple of different investing apps and see which one you like best. There are still more reputable investing apps online. Do your research and find out which works for you.  

Shashank Jain
Shashank Jain, founder of good-name, a young and energetic entrepreneur has always been fond of technology. His liking for technology made him go for engineering in computers. During his studies, he learned & worked on different computer languages & OS including HBCD, Linux, etc. He also has a keen interest in ethical hacking.

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