We live in a time that investing is open to everybody.
You can learn how to invest without going to college and can put your own money into any market you choose without having to leave the house, pick up the phone, lick an envelope, or talk to a broker.
If you are looking to grow your pennies, there’s no reason or excuse not to. To make sure that you are going about it in the most sensible way, it is important to pick up some tips and tricks on the road to growing your investment education.
To go from complete investing newbie to seasoned pro, start by embracing the following apps that will both teach you and help facilitate your transactions.
Acorns gives you a starter investment education by letting you get started growing your money right away.
The basis of the app is to link it to your bank account or debit card to track your transactions. From there, the app gives you the option to round up your daily purchases so that you’re saving money without thinking about it.
For instance, that $2.25 you spend on your morning coffee will be tracked in the app, so that you can add 75 cents to investment portfolios of your choice. You can round up manually or set the app to do it automatically.
By training yourself to save money without thinking about it, you will have a nice nest egg stashed away before you know it. Plus the app offers you several investment vehicles to choose, which gives you an entry into learning the markets.
It essentially creates a mutual fund portfolio for you, without you having to need the minimum investment that these funds usually require. This app is an excellent savings tool and entry into investing as a whole.
When you are ready to make bigger investments, Robinhood has you covered.
With this app, you can start making stock market trades without the fees you usually get with brokers. The app quickly and easily links up to your bank account, letting you jump right in to make transactions with absolutely zero commission fees.
Since minimizing fees is a big part of any investment strategy, you need to download the Robinhood app if you’re trying to make stock market trades.
Since knowledge is power, you need to have access to one of the best resources for financial information.
The Motley Fool staffs writers and experts from all financial backgrounds. With the app, you can subscribe to blog posts and articles every day that let you build your investing education.
Reading just an article or two per day will allow you to train your brain to know the markets and make intelligent financial decisions. Before you know it, you will be a sponge and raking in cash from great investments.
Make Investment Education a Never-Ending Quest
To really get your investment education, it takes time, research and a willingness to get out of your comfort zone. These apps bridge that gap so that you can begin growing your money.
Keep up with our site so you can learn more about making money on your terms.