How to Invest in Stocks With the Best Investment Apps

Disclosure: We’re letting you know that this post contains sponsored links which The Smart Wallet receives compensation for, which may impact their order of appearance because talking about money should always be an honest discussion.

If you haven’t started investing yet, why not? It’s necessary to grow your money and build your wealth, and utilizing time is essential. 

You don’t need to wait until you have “enough” money either because some of the best investment apps make it easy for everyone to invest immediately. You only need $1 to start!

Some people mistake day trading for investing, and they are two completely different methods. Day trading is extremely risky and involves buying/selling stock on the same day to attempt to earn a profit. Investing, when done correctly, is for the long term and can grow your money reliably based on your risk tolerance. 

Here are some of the best investment apps to start, which include cryptocurrency as well:

1

Get $10 to Invest in Google, Amazon, Tesla, Netflix, and More

  • You don’t have to be rich to start investing. And you can get a share of well-known brands like Google, Amazon, Tesla, etc.
  • Stash, an investment app, lets you start investing with as little as $5
  • Choose where to put your money and they provide guidance and tools to help you along the way
  • Invest in major companies you regularly use and love!
  • The Smart Portfolio option offers hands-off stress-free investing if you don’t want to think too much
  • Bonus: Stash gives new members $10 for any first investment so create an account to get started!

Get $10 Welcome Bonus Now with Stash

Paid non-client endorsement. See Apple App Store and Google Play reviews. View important disclosures.

2

Get Free Stock Worth Up to $225

  • Don’t wait until you have “enough” money to start investing
  • Robinhood lets you get started with just $1
  • This free trading app lets you trade stocks, ETFs, and options commission-free
  • New members get free stock worth $2.50 up to $225 with chances to get a high-value stock in Facebook, Microsoft, etc
  • Has a near-perfect 4.8 score from 2.3 million people making it a popular app

Sign Up for Robinhood Now*

3

Forget Reddit Bros, Follow Real Investors Instead

  • Don’t rely on Reddit stock hype to make investing decisions
  • Use Public where you can buy any stock you want for as little as $1, all commission-free
  • Follow real investors on this social-investing app (financial experts, entrepreneurs, celebrities, athletes, etc.) and get a first-hand look at what they’re investing in
  • The active community sets Public apart from the rest of the investing apps!
  • Plus, get a free slice of stock worth $3 – 300 when you deposit funds!

Get Free Stock Up to $300

4

Get $10 to Invest in Real Estate for Passive Income

  • Building wealth through real estate is smart but not everyone can drop down major cash to own entire properties
  • Use HappyNest, an easy-to-use real estate investment app, to invest in a REIT (real estate investment trust) with no platform or broker fees
  • It only takes $10 to start and our readers get a $10 bonus on top
  • You’ll earn income from guaranteed rent that’s collected from Fortune 100 tenants, like CVS Health, FedEx, and more!
  • Offers more stability and protection from typical stock market volatility
  • Earn quarterly income from your REIT

Invest in Real Estate With Little Effort

5

Get a $75 Bonus with This Checking Account That Invests for You

  • Get a checking account that can do more than just house your money.
  • Acorns Checking is a checking account that automatically saves and invests for you
  • Invest spare change into an expert-designed, diversified portfolio of stocks and bonds every time you make a purchase
  • Acorn’s new Smart Deposit feature takes a portion of each paycheck and automatically sets it aside into your checking, investing, and retirement accounts.
  • For a limited time, get a $75 bonus when you set up a direct deposit and receive the first 2 deposits successfully

Get a $75 Bonus with Acorns Checking

Helpful Apps to Manage Your Money and Earn Extra Money

Investing is just one part of the bigger financial picture. It’s still necessary to understand how your money goes in/out, budgeting, saving, and earning extra cash for anything you might need it for. Even having a checking account that won’t charge overdrafts will save you money in the long run.

These are our favorite tools to help us do that:

ChimeA free, award-winning mobile financial app with no monthly fees, savings at 0.50% APY1, spots you up to $2003 when you need it, and you can get paid 2 days earlier with direct deposit.
TruebillA free money management app that’s like your personal finance assistant, who finds all recurring bills and subscriptions, can help negotiate lower bills on your behalf, and will help you budget easily.
SteadyA free app where members on average earn an extra $5,500 a year! Securely link your bank account (read-only access) to track financial progress and explore money-making opportunities

How to Get $750 This Week Into Your Cash App

If you want to earn $750 this week to invest or use on anything else, you can utilize Flash Rewards. It’s a rewards program around since 2016 and has rewarded $12 million to members over time. The most popular way to receive money is via Cash App. 

You have to follow the instructions carefully, limiting participants to once per year.

Flash Rewards work by showing you “deals” they think you would like. This includes mobile apps and games, subscriptions, financial services, etc. Each type of deal you choose has its mini-task to complete.

  1. Head over to Flash Rewards and fill out basic info (Email, Name, etc.)
  2. Take a quick Survey (it helps figure out the optional offers & required deals to recommend)
  3. Complete deals by shopping Flash Rewards’ great brand name partners.
  4. Important: Follow the instructions on completing the specific number of deals for each level and get to Level 5 to get the maximum reward! (there are plenty of deals to try – some are free trials or app downloads, others require a purchase!)
  5. Claim the reward and get it in about a week!

You won’t get your reward if you don’t complete the required amount of deals. Sure, it takes a little more effort, but it’s legit. Get your $750 to start investing with or spend on something you want!

Investing 101 Questions

Here are some frequently asked questions regarding investing and terms you may not know or need a refresher on. 

How Does Investing Work?

Investing is one of the best ways to build your wealth and should be part of your overall financial planning. You can grow your money by utilizing time, and it’s best for mid to long-term goals, while saving is suitable for short-term goals and emergency funds.

Investment money gets put into stocks, bonds, or other assets with the expectation of turning a profit over years or decades. The earlier you invest, the better.

Before investing, it’s essential to know why you’re doing so. Goals can include buying a home, retiring comfortably, paying for a wedding, starting a family, etc. (You can pick more than one goal!)

Then know when you might need this money to determine what type of investing strategy you’ll need. With Stash, they’ll understand your goals first and offer guidance. They also provide stress-free investing if you don’t want to overthink and let them handle it all. 

What’s the Difference Between a Stock and a Share?

“Stock” is a general term that means you own X number of shares in a company’s assets. “Shares” are like company ownership certificates that represent stock units.

For instance, if you have five shares of Apple, you have tech stock.

And you don’t need a lot of money to invest in Apple or other brand names either. You can do it easily with Stash, where new members can get a $10 bonus.

What is Risk Tolerance?

This means how comfortable you are with risk, and there are different levels at Conservative, Moderate, and Aggressive.

Since we never know how well a company can perform, their results will affect your money if you’ve invested in them.

A Conservative approach is less risky and is the “slow-and-steady” way. A Moderate approach gives balance to both risk and reward. An Aggressive approach means you’re willing to risk losing money to get potentially better and more profitable results. It’s essential to know how you feel about risk so that your investment portfolio can reflect your values.

What Are Fractional Shares?

If you think of one share as a whole pizza, you can think of a fractional share as a slice of the pie. When you can’t afford one whole share of a company, fractional shares make investing much more accessible, particularly in the companies you love.

Currently, one share of Google costs $2,781. A fractional share will let you invest in the company as low as $1.

The social-investing app Public has a robust and active community of financial experts, entrepreneurs, celebrities, and athletes. You can follow and get a first-hand look at what they’re investing in to help make your choices and start investing in fractional shares.

What’s a Mutual Fund?

It’s a professionally managed portfolio funded by many investors in stocks, bonds, and other securities. It lets you “pool” your money with other investors to “mutually” buy assets. Since the portfolio has a collection of companies within, a mutual fund offers diversification and lower risk.

Think of it as a group of people who pooled their money together to buy something that they wouldn’t have been able to afford on their own.

What’s an ETF?

An exchange-traded fund (ETF) is a basket of investments like stocks or bonds which can be traded on a stock exchange. It’s similar to mutual funds, but investing fees are typically lower as ETFs are designed to track the performance of specific indexes.

ETFs are more tax-efficient, give trading flexibility, portfolio diversification, and are lower cost. It’s an excellent option for long-term buy-and-hold investing.

Robinhood lets new investors trade stocks, ETFs, options, and cryptocurrency commission-free for just $1. Plus, new members get up to $225 in free stock. 

What’s a Bond?

A bond is a loan from an investor (you) that a company or government borrows vs. a stock that gives partial ownership in a company. The borrower can use this money to fund their operations, and the investor will receive interest.

An example of a bond can include treasury bills, treasury notes, savings bonds, agency bonds, municipal, and more. Since bonds offer relatively predictable returns, they’re considered safer but perform differently than stocks, which provide higher returns.

Investors can buy bond-focused ETFs on Stash, which gives more flexibility than buying a single bond.

What is Cryptocurrency?

Cryptocurrency is a digital asset created with computer networking software. It’s a new medium of exchange that’s digital, encrypted, and decentralized, meaning it’s not regulated by a central bank, government, or other authority.

The technology behind crypto is the Blockchain, which consists of a chain of “blocks” containing digital records. It’s essentially a digital database and a public ledger. A new block is created and added to the chain when a block is complete, which can’t be changed or edited.

It was invented in 2008 and has become more mainstream to invest in. Coinbase is the most secure and one of the most established exchanges to buy & sell bitcoin and other cryptocurrencies, making it one of the best apps for crypto investing. It only takes $2 to start, and readers get a $5 bonus after making their first trade.

Can You Earn Interest in Cryptocurrency?

Investing has more long-term growth than plain savings, but cryptocurrency can be volatile. 

But Gemini is a cryptocurrency exchange that lets you buy/store/sell bitcoin and crypto instantly. You can earn interest on your crypto (including stablecoins) by offering up to 8.05% APY on GUSD (Gemini Dollar). 

How to Invest in Real Estate?

You may not have enough to buy a home right now, but you can still invest in real estate with REITs, also known as “real estate investment trusts.” There’s no need to manage properties either. The business model involves buying real estate and leasing those spaces to collect rent, particularly from Fortune 500 companies like CVS and FedEx. The rent generates income and is paid out to shareholders through dividends regularly. 

HappyNest, a real estate investment app, lets you invest in their REIT with no platform or broker fees. You’ll earn passive income each quarter from the guaranteed rent coming from their tenants! It only takes $10 to start, and our readers get a $10 bonus on top. Investing in real estate also offers more stability and protection from typical stock market volatility.

Read More: How to Get $750 In Your Cash App to Start Investing

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