4 Best Investing Apps for Beginners To Make Money Today

This video is about the four best investing apps for beginners to make money, with a focus on Acorns as a popular and beginner-friendly app that offers automatic investing and customization options.

This video by Brian Jung was published on Aug 1, 2023.
Video length: 23:49.

This video is about the four best investing apps for beginners to make money.

The speaker discusses their personal experience with the Acorns app, which they used while attending Community College and cashed out over $30,000. They explain that Acorns is a beginner-friendly app that offers automatic recurring investments and handles the research on which investments are best for the user. The speaker also mentions other investing apps like Robinhood and discusses the benefits of using credit cards for daily purchases.

They highlight Acorns' investing calculator as a useful tool for determining potential growth based on investment amounts and time.

• Acorns is a popular investing app for beginners that offers automatic investing and customization options.
• 84% of first-time investors lose money, but Acorns helps reduce risk by doing research on the best investments for you.
• Acorns automatically invests based on your risk profile and money goals, and users can link their checking account or use a debit card for automatic investments.
• The app rounds up transactions to the nearest dollar and invests the difference, making investing more automated and less intimidating.
• Acorns has an investing calculator to estimate future growth and offers customization options for risk tolerance and return expectations.
• Acorns is easy to use and beginner-friendly, with a low minimum investment amount and reasonable fees.
• Weeble is targeted towards beginners and intermediate traders, offering a wide variety of investment options and advanced tools for trading.
• Robinhood is a popular app known for its commission-free trading, offering a wide range of investment options and educational resources.
• Stash is a beginner-friendly app that offers personalized investment recommendations and a wide range of investment options.
• MooMoo is a well-organized investing app with access to advanced tools and features, including notifications and paper trading.

4 Best Investing Apps for Beginners To Make Money Today - YouTube

Section 1: Introduction to Acorns

• Acorns is a popular investing app for beginners.
• The app is simple and beginner-friendly.
• The speaker personally used Acorns and cashed out over $30,000.
• Acorns offers automatic investing and customization options.
• Acorns allows users to set up automatic recurring investments.

Section 2: Benefits of Acorns

• Acorns is considered the best beginner-friendly app.
• 84% of first-time investors lose money, but Acorns helps reduce risk.
• Acorns does research on the best investments for you.
• Users can adjust their risk profile and investment preferences.
• Acorns offers a recurring investment feature called dollar cost averaging.

Section 3: How Acorns Works

• Acorns automatically invests based on your risk profile and money goals.
• Users can link their checking account or use a debit card for automatic investments.
• The app rounds up transactions to the nearest dollar and invests the difference.
• Acorns makes investing more automated and less intimidating.
• Users can still use credit cards for daily purchases to earn cashback.

4 Best Investing Apps for Beginners To Make Money Today - YouTube

Section 4: Additional Features of Acorns

• Acorns has an investing calculator to estimate future growth.
• The app allows users to input their investment amounts and timeframes.
• Acorns offers customization options for risk tolerance and return expectations.
• Users can set up recurring contributions to their Acorns account.
• Acorns provides a hands-off approach to investing.

Acorns

• Acorns is easy to use and beginner-friendly.
• It offers automatic investing and customization options.
• It has a low minimum investment amount of just $5.
• The fees are reasonable at $3 per month with no additional investing fees or commissions.
• Acorns offers FDIC insurance for up to $250,000 in cash and $500,000 in investments.

Weeble

• Weeble is targeted towards beginners and intermediate traders.
• It offers a wide variety of investment options, including stocks, options, ETFs, and cryptocurrencies.
• Weeble has a user-friendly interface and is available on mobile, computer, and iPad.
• It provides advanced tools for trading and leveling up your trading skills.
• Weeble offers educational resources, although they may not be as comprehensive as other apps.

Robinhood

• Robinhood is a popular app known for its commission-free trading.
• It offers a wide range of investment options, including stocks, options, ETFs, and cryptocurrencies.
• Robinhood has a user-friendly interface and is available on mobile and computer.
• It provides advanced tools and features for trading, such as limit orders and stop-loss orders.
• Robinhood offers educational resources, including articles and videos, to help users learn about investing.

Stash

• Stash is a beginner-friendly app that offers personalized investment recommendations.
• It provides a wide range of investment options, including stocks, ETFs, and fractional shares.
• Stash offers educational content, including articles and videos, to help users learn about investing.
• It has a user-friendly interface and is available on mobile and computer.
• Stash offers a variety of account types, including individual brokerage accounts, retirement accounts, and custodial accounts.

Weeble

• Weeble is a beginner-friendly investing app with a seamless and well-organized interface.
• It offers a mobile app for iOS, MacBook, and PC, as well as a website.
• Weeble provides a wide array of investment options, including crypto, options trading, traditional IRAs, and Roth IRAs.
• It allows fractional shares, which means you can buy a fraction of a stock instead of a whole share.
• Weeble offers a cash management feature with a 5% APY on uninvested cash.

MooMoo

• MooMoo is a well-organized investing app with access to advanced tools and features.
• It provides notifications for news alerts, press releases, and important events.
• MooMoo offers a variety of investment options, including stocks, options, ETFs, and margin trading.
• It has a paper trading feature for beginners to practice trading without risking real money.
• MooMoo's stock analysis and market insights tools help users understand market movements and make informed decisions.

Robinhood

• Robinhood is a popular investing app known for its commission-free trading.
• It has a user-friendly interface and offers a mobile app and website.
• Robinhood provides a wide range of investment options, including stocks, ETFs, options, and cryptocurrencies.
• It offers fractional shares and a cash management feature with a 0.30% APY on uninvested cash.
• Robinhood has a social aspect with a community forum and the ability to follow other investors.

Acorns

• Acorns is a beginner-friendly investing app that focuses on automatic investing and customization options.
• It rounds up your everyday purchases and invests the spare change.
• Acorns offers pre-built portfolios based on your risk tolerance and investment goals.
• It has a Found Money feature that allows you to earn cashback from partner brands.
• Acorns provides educational content and tools to help users learn about investing.

MooMoo

• MooMoo has a bit of a learning curve, but it can be easily understood by watching their tutorials.
• It has a rating of 4 out of 5 for ease of use.
• MooMoo does not allow buying fractional shares, does not have an IRA option, and does not support crypto trading.
• However, it does allow access to markets outside of the US.
• MooMoo is a commission-free trading platform with small transaction fees on certain trades.

Coinbase

• Coinbase is a beginner-friendly app focused on crypto trading.
• It offers a clean and simple interface.
• Coinbase is publicly traded, providing transparency and stability.
• It offers a wide variety of cryptocurrencies and has its own native NFT marketplace.
• Coinbase provides educational resources and rewards for users.

Flexibility and Fees

• Coinbase offers various ways to make money, such as staking, trading, and accessing other tools.
• It has a rating of 3 out of 5 for flexibility.
• Coinbase has higher transaction fees compared to standard crypto exchanges.
• There are ways to reduce fees, such as subscribing to Coinbase Pro.
• Coinbase has a solid welcome bonus offer, with the chance to win up to $200.

Security

• Coinbase is the largest crypto exchange in the US and has a strong balance sheet.
• It prioritizes security to protect users' assets.

Acorns as a beginner-friendly investing app

• Acorns is a popular investing app for beginners.
• It offers automatic investing and customization options.
• Acorns allows users to invest spare change from everyday purchases.
• Users can choose from different investment portfolios based on their risk tolerance.
• The app provides educational resources to help beginners learn about investing.

Concerns with Robinhood as an investing app

• Robinhood has faced controversy and criticism for restricting trades during volatile market periods.
• Users have experienced issues with cashing out and accessing their own money on Robinhood.
• The app has been accused of not prioritizing the best interests of its customers.
• Robinhood uses payment for order flow, which raises questions about the best execution of trades.
• Many users have switched to alternative investing apps due to these concerns.

Watch the video on YouTube:
4 Best Investing Apps for Beginners To Make Money Today - YouTube