A man holds his smart phone

Far too much of our population isn’t properly educated about the process of investing, and many people have an image of investing as being something that is only available to the rich and the super rich, with very little way for middle and lower class folks to jump that barrier of entry. However, this couldn’t be further from the truth, especially in today’s tech driven landscape. As a matter of fact, there are plenty of different apps out there that empower and enable users of all incomes to invest their capital and get returns in easy to understand ways. Here are some of the best apps to start investing with your smart phone…

Betterment

One of the most popular investing apps is a robo-advisor (essentially an algorithm that works as your stockbroker) called Betterment. Betterment is incredibly simple to get started and to use. The entire process is that you put in your age, income, and financial goals, select a division between what percentage of your investment you want to allocate towards stocks or bonds, and finally deposit an amount in that the app will automatically invest for you. The great thing about Betterment is that your portfolio is automatically diversified through little effort from you. I’ve been using Betterment for the better part of a year, and have vastly overcome the .35% annual fee that Betterment charges (or .15% for accounts of $100,000 or more).

Acorns

Acorns is another simple app to utilize that pretty much forces you to invest some amount of your money. The way it works is by taking the difference between amounts in dollar purchases from your credit and debit card purchases and automatically investing that amount between several different funds that are at different risk levels. It’s a perfect tool for beginners to start investing.

iBillionaire

If you are looking for an app that is a little more complex, rather than as a way to start investing as a beginner, then iBillionaire might be right up your alley. The way iBillionaire works is by analyzing the available investment purchases of a variety of billionaires who are considered investment geniuses (folks like Warren Buffet or Carl Icahn), and then breaking that information down to you in an easy to understand way that can educate you on what sorts of investments might be wise to make, at the moment. After all, if you invest like the big wigs, then you are more likely to come out on top as often as they are (which is usually).

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