With the rise of fintech, there are now many excellent investing apps that make it easy for beginners to start investing even with a small amount like $35k. These apps provide user-friendly interfaces, low fees, fractional shares trading and automated investing features. By choosing the right investing app, beginners can conveniently build their portfolio, access research and make trades online or via mobile. This article introduces the top 5 investing apps suitable for newcomers who want to start their investment journey with $35k.
Robinhood’s simple and free stock trading for beginners
Robinhood is one of the most popular stock trading apps. Its easy-to-use interface, commission-free trades, fractional shares and lack of account minimum make Robinhood a great choice for investing small amounts. Users can conveniently trade stocks, ETFs, options and cryptocurrencies. However, Robinhood also faces criticism over payment for order flow and limited research. Overall, it’s a decent starting app for new investors with limited capital like $35k.
M1 Finance’s automated portfolio building feature
M1 Finance is suitable for hands-off investors thanks to its automated investing service. By selecting their risk tolerance and investment goals, users can let M1 Finance automatically create and manage a diversified portfolio based on their preferences. There are over 80 expert portfolios to choose from. Also, M1 Finance offers fractional shares and zero fees. The app makes investing $35k very simple for beginners.
Webull’s extensive market data for research
Webull stands out with comprehensive graphs, analytics and trading tools that are very useful for researching investment options. It offers Level 2 market data, analyst ratings, interactive charts etc. While the app interface takes some learning, it provides almost everything investors need to analyze securities in one place. With $0 trades and fractional shares, Webull gives investors sufficient capabilities to invest a small $35k fund.
SoFi Invest’s guidance from financial advisors
SoFi Invest aims to provide an investment solution for every need. From stocks and ETFs to active/automated investing, SoFi covers it all. Their unique benefit is personalized guidance from licensed financial advisors available anytime. There are no commissions or account minimums too. So both investing newbies and experienced folks can use SoFi Invest app conveniently to build their $35k portfolios.
To conclude, Robinhood, M1 Finance, Webull and SoFi Invest are among the top investing apps suitable for beginners who want to start investing $35,000 or less. They offer easy-to-use interfaces, $0 stock trades, fractional shares, and helpful features like automated investing. By selecting the app that best matches their needs in research, guidance or hands-off approach, novice investors can start their investment journey smoothly even with limited capital.