The Top 5 BEST Investing Apps

Here are my Top 5 Favorite Investing Apps in 2019 - and each of their pros and cons. Enjoy! Add me on Instagram: GPStephan

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They’re a stock trading app that allows you to trade stocks, efts, and even cryptocurrencies…completely FREE. That’s right, I said it…it’s FREE.

Now, I will say, this app is NOT perfect, and there are a few small downsides I see:
1. I’ve heard customer service is lacking in the event you have any issues. For this reason, I probably wouldn’t recommend trading with a HUGE amount of money if you’re going to be using this
2. You’re not able to purchase fractional shares…this isn’t the end of the world, but it would be nice to be able to get fractional shares if you can.
3. No dividend re-invest (DRIP)
4. No retirement accounts

M1 Finance is an investment app with…my favorite…NO FEES. Now since I’m reviewing this second to Robinhood, I should note a major difference between the two:

Robinhood is an app that’s GREAT for trading stocks…if you’re buying and selling all day, Robinhood is the best choice.

A HUGE benefit to using M1 Finance is that they allow you to buy Fractional Shares. The other benefit with this is that they allow dividend re-investing, which allows you to continually purchase more stocks with the money those stocks generate.

If there’s ANY downside here, it’s that it’s not really the ideal platform for DAY TRADING stocks…this is because they don’t allow you to buy and sell a stock within the same day..

So overall, I’m super happy with M1 Finance and would recommend this as a good app to use.

THIRD: Acorns Investing

Acorns is an an app that helps automate your investing. And their most notable feature, in my opinion, would be their “round up” feature - this lets you invest the spare change from what you spend, and you can just “round up” every single purchase to the nearest dollar to invest the difference.

Overall, this is a REALLY decent app if just for the round-up feature alone. However, the downside is that the $1 per month charge heavily eats into your profit if you only happen to have a few hundred dollars invested, or ONLY use it for the round up feature.

But, once you have more than $5000 invested in Acorns, the $1 per month fee is pretty much on par with Vanguard, and beyond that dollar amount, they even become CHEAPER.

FOURTH: WeBull

This one is fairly similar to Robinhood in the sense that it’s a free stock trading app where you can buy and sell stocks with ZERO commissions…and on the surface, they’re very much alike.

But where WeBull really pulls ahead of Robinhood, is in their charts…as you begin to get more serious into stock trading, WeBull just offers a lot more with their analytics.

Overall, if I were to say anything negative about them - I would just say that it takes a little bit to figure out how to navigate the app and their charts, but for a free stock trading app, I’d highly recommend it.

FIFTH: Fidelity Investing
The reason I like this so much is that their app allows you to invest without any minimums, without any fees, into many of their completely free index funds…so everything within this is totally free.

Now I need to mention, this is NOT good to use if you’re looking to buy and sell individual stocks - because they will charge you a $4.95 commission per trade. So don’t ever do that when you could just use M1 Finance, WeBull, or Robinhood to do that for nothing…BUT, if you’re looking to invest in their own index funds…which most of you should be doing…this is ideal.

[JacobFoster-uy]

What is the best approach to enter the market now as a beginner with more or less than $10, 000

[relatablyus]

Guys, I had a consulting call with Graham on Sunday and he was in his car with broken A/C and he rolled his windows up to take my call and nearly died of heatstroke. Graham is a true man of the people 🙌🏼

[ConradGosling]

The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[darrenvictoriano]

NEED 2021 EDITION: Fidelity doesn't charge a commission for stock trading anymore and Robinhood is robbing the hood.

[DoomFinger]

1) Robinhood @1:39
2) M1 Finance @ 5:56
3) Acorn @ 8:58
4) Webull @ 11:25
5) Fidelity @ 13:54

[christopherphillips]

Started following you about two months ago. Going back to all your old videos. I love your content. So interesting and love your enthusiasm.

[benjabeeshow]

Graham, I've binge watching your videos, and I want to thank you for so much good advice and tips for improving credit and investing, It's been motivating me to pay off my debt faster and investing/save a bit more so I appreciate that! Thanks and keep up the good work!

[CharonXul]

Graham is the type of guy to run into Doug Demuro while clothes shopping...

But seriously I do learn a lot from your videos so I always SMASH that like button!

[davidhannaman]

You'll have to re-make the video after the GameStop war. Lots of new investors will want to switch after Robinhood, eTrade, etc blocked their buy.

[fahmocali]

To anyone reading this, Remember Rome wasn't built in a day, Your hard work will pay off

[oliviaralston]

You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just a few months ago and now they are multimillionaires....

[imgonzalez]

Got a robinhood ad while watching you talking about robinhood

[jacobcroy]

You’re videos are very well researched and presented. Keep up the amazing work.

[DesertWolfSurvival]

Great amount of appreciation for everything you do. 🤫 I noticed how your phrasing ties in perfectly with a lot of your ads. Very compelling lol good on ya.

[HeresyFinancial]

Hey Graham, good info. One hidden fee you didn't mention on the "free" apps is the order execution quality. The biggest way companies like Robinhood make money is by (basically) selling your orders to high frequency traders who can front run the trades. Each trade ends up with a worse fill on the price by a few cents. If someone is investing with only a few hundred dollars, that is still a good deal. But once someone is investing with more than a few thousand dollars, they will end up paying much more than $4.95 per trade in poor execution. Instead, they will save money overall if they invest somewhere like Fidelity which does not sell orders. The quality of order execution will save the investor much more than the $4.95 they charge.

[mkd]

Definitely Graham, you need to UPDATE this VIDEO!

[taterigby]

This channel has been one of my favorite and has grown so much since I joined at around 200k. Please never stop being you! Much love!

[ash_posh_omg]

I 💓💓💓 this! Thanks! Great content! So smart! So much info to really help me get started😇😇

[Viipxz]

Yes you should make a worst investment app video

[Cesarbalboa]

Do a Fidelity app overview! and how the index funds work!