Investing has become increasingly accessible for unaccredited investors, thanks to a wide array of apps that simplify the process. Whether you’re looking to start small or explore new opportunities, these apps offer low-cost options and intuitive interfaces to help you grow your portfolio. Below are some of the best apps for unaccredited investors to kickstart their investment journey.
1. Robinhood
Robinhood is a popular app for unaccredited investors because it offers commission-free trades, making it easy to start investing with little capital. With its user-friendly interface, Robinhood allows beginners to buy and sell stocks, ETFs, and even cryptocurrencies. The app also features real-time market data and basic charting tools to help users make informed decisions. Although it lacks some advanced investment features, it’s perfect for those just getting started in the world of investing. Another advantage is its ability to buy fractional shares, allowing investors to diversify their portfolios even with small amounts of money. Robinhood’s accessibility and simplicity make it a top choice for new investors.
2. Stash
Stash is another great option for unaccredited investors who want to learn as they invest. This app focuses on financial education, providing resources and personalized advice to guide users through their investment journey. Stash allows you to start with as little as $5 and offers access to a wide range of stocks and ETFs. The app’s “Auto-Stash” feature lets you automate your investments, making it easy to grow your portfolio over time. It also includes budgeting tools to help you manage your spending and saving alongside your investments. With its educational approach and beginner-friendly features, Stash is ideal for those who want to become more financially savvy while building their portfolios.
3. The Motley Fool Stock Advisor
The Motley Fool Stock Advisor is renowned for its expert stock recommendations, making it a go-to for unaccredited investors looking to build a strong portfolio. While The Motley Fool isn’t an investment platform, its app provides valuable insights and stock picks that can help users make more informed decisions. The Stock Advisor service has a track record of picking high-performing stocks, and it’s designed to help investors beat the market over time. Unaccredited investors can use the app to receive monthly stock recommendations and detailed analyses of each pick. This guidance allows you to invest more confidently, even if you’re not an experienced investor. The Motley Fool Stock Advisor app is perfect for those seeking expert advice without the complexities of professional-grade tools.
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4. Acorns
Acorns makes investing effortless for unaccredited investors by rounding up everyday purchases and investing the spare change. The app automatically invests your money into a diversified portfolio of ETFs based on your risk tolerance and financial goals. Acorns is designed for passive investors who want a hands-off approach to growing their wealth. In addition to its round-up feature, Acorns offers automatic recurring investments to help you build wealth consistently. With features like Acorns Later for retirement planning and Acorns Early for children’s investment accounts, the app helps users take a holistic approach to their financial future. It’s an excellent option for investors who want to start small and gradually build their portfolios over time.
5. Betterment
Betterment is one of the top robo-advisors available for unaccredited investors, offering personalized portfolios based on your risk tolerance and financial goals. The app uses advanced algorithms to manage and optimize your investments, making it a hands-off experience for users. Betterment provides features like tax-loss harvesting, automatic rebalancing, and goal-setting tools to help investors maximize returns over time. Additionally, Betterment offers a cash management account that integrates seamlessly with your investment portfolio. The app is great for those who prefer a passive investing strategy with expert management at a low cost. With Betterment, unaccredited investors can enjoy professional-grade portfolio management without the need for a financial advisor.
Start Investing with Confidence
For unaccredited investors, the right app can make all the difference in achieving financial success. Whether you prefer the simplicity of Robinhood or the expert guidance of The Motley Fool, each app on this list offers unique features to suit your investing style. Starting small and building gradually is key, and these apps make it easier than ever to enter the market. With tools designed for beginners and resources to help you learn, you can take control of your financial future. Choose the app that best fits your needs and start investing with confidence today. No matter where you are on your financial journey, there’s an app to help you grow your wealth.
Amanda Blankenship is the Chief Editor for District Media. With a BA in journalism from Wingate University, she frequently writes for a handful of websites and loves to share her own personal finance story with others. When she isn’t typing away at her desk, she enjoys spending time with her daughter, son, husband, and dog. During her free time, you’re likely to find her with her nose in a book, hiking, or playing RPG video games.
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