1. WEALTHFRONT
WealthFront is the most trustable and Best rating Robo advisor on Google Play Store. It invests your money in exchange-traded funds (ETFs) and different stocks. WealthFront has a great financial planning system. After asking your goals and achievements, it will help you in investing the money and also saving it. WealthFront automates your money at a very low cost.
It offers you a decent amount of percentage on your cash that is uninvested money. App has collaboration with FDIC Insurance so that you can feel confident that your money is safe. After linking your account to Wealthfront, and asking questions about your financial situation, it will tell you when you can retire and live your life freely or when you can achieve the financial goals that you have set in your life. It will complete guidance to both short term and long term goals.
You must have at least $5000 to open a brokerage account in WealthFront. It has also a minimum withdrawal amount of $250, to withdraw your money, you must have $250 in your WealthFront account. It has different types of accounts like Taxable, Joint, Traditional IRA, Roth IRA, Rollover IRA, SEP IRA. WealthFront’s fee is 0.25% per year which is worth it because of the great feature and amazing support through phone calls and emails.
The main feature of WealthFront is that it provides a loan with an interest rate of 4.75–6.00% APR. Money can be borrowed up to 30% of your current value of the account. WealthFront has a great option called WealthFront’s Smart Beta. Smart Beta reduces the impact of taxes and lower the risks and improve the rate of return. This option is not available for newbies and beginners, it is only available for those investors who have at least $500000 in their account. The Smart Beta of WealthFront works best than all other Robo advisors.
2. TD AMERITRADE
TD Ameritrade is the Best online stock broker for beginners. It introduces Commission-free trading. It offers $0 commission on online mobile stock trades, 0$ commission on online exchange-traded funds, 0$commission on online option trades.TD Ameritrade provides customized dashboards to every investor.TD Ameritrade offers an Alexa Skill, it integrates with Facebook Messenger, embracing the future of artificial intelligence (AI) with its chatbot.
But, there are now only contract fees of 0.65$ and there are no assignments or exercise fees.
TD Ameritrade gives you free access to real-time streaming quotes, access to practice trading platform using historical and current market data. TD Ameritrade has quick live support. TD Ameritrade has the ability to make options, futures, and forex trades via mobile app. It creates pre-defined covered call strategies that automatically roll forward.
3. BETTERMENT: CHECKING, CASH MANAGEMENT, INVESTING
Betterment is built to help you in investing and saving your money. Betterment helps you manage your money so that you can live better. It is one of the best and first Robo advisor that has useful tools for investing and saving your money. It offers a no-fee account so that every newbie can start their investment journey. This app is perfect for beginners because the user interface of the app is very easy. The app has a quick and easy setup. Checking accounts and the Betterment Visa Debit Card are provided and issued by nbkc bank, Member FDIC.
You can start with any amount of dollar that you want, there is no restriction of minimum investing value. It has 0.25% (annual) for digital plan, 0.40% (annual) for the premium plan. You can set your goal so that the app will track your finance and make you able to achieve or complete your goal. You can also sync external accounts to different goals. Just like other apps, Betterment automatically conducts tax-loss harvesting on all their investor’s accounts. Betterment checking has no monthly maintenance fees, no overdraft fees, no minimum balance, and ATM fees are reimbursed.
Betterment doesn’t depend on any single company or source. It diversifies portfolios for different kinds of investors so that risk get reduce and profit will increase. Betterment has all the professional members in their team that always advise you what to do in each and every step, they do not promote any stock or fund and will just tell you the right thing. Betterment has an advice package for the needs of all kinds which is paid and the price is $199 so if you don’t what to do or you need personal financial advice so you can buy this course.
4. M1 FINANCE: SMART MONEY MANAGEMENT
M1 Finance is a Robo advisor as well as an online stockbroker. With M1 Finance, you can easily manage your money in smart and innovative ways. M1 Finance has various innovative tools that help you in investing and managing your money and these tools make the app best. It has different types of accounts like Taxable, Joint, Traditional IRA, Roth IRA, Rollover IRA, SEP IRA. You can also borrow money from M1 Finance at one of the lowest rates in the market.
You can start your investment with a low amount also, you don’t thousands of dollars to start investing your money with M1 Finance. M1 Finance offers no broker fee or commission on your trading. M1 Finance is the most amazing trading platform which automatically invests your money or it gives you the choice to select your stocks on your own and do investment yourself. M1 Finance offers you to create a portfolio with any stock or ETF(Exchange-traded funds) for free. Your money is totally safe because M1 Invest accounts are insured up to $500,000 by the SIPC.
M1 Finance is for free but it has also an upgraded version that is named as M1 Finance Plus .M1 Finance plus which gives you extra accessibility to manage and invest your money. It gives you 1% APY* checking (that’s 16x the national average APY for a checking account), 1% cashback on M1 Plus Visa™ debit card purchases and 1.50% discount on M1 Borrow base rate. You can unlock a second daily trading window for more control over your investments.
5. ACORNS — BEST APP FOR SAVING YOUR MONEY
Acorns is the best money management app. Acorns is a perfect guide to maintain your savings. It helps you in investing, saving as well as spending for just $1, $2 or $3 per month. The app is supported by various leading investors, innovators, and press like BlackRock, PayPal, Ashton Kutcher, and CNBC. It shows that the app is safe and trustworthy. Acorns is app is very easy to use. It offers no low-balance or overdraft fees and free or fee-reimbursed ATMs nationwide. You can earn up to 10% extra bonus investments from select local restaurants and businesses.
Acorns doesn’t lots of dollars to start investing with it, you can also start with a low amount according to you. It offers a financial learning program which teaches you how to get more from your money with easy-to-understand articles and videos from financial experts. Acorns Spend is an FDIC-insured checking account all the way to $250,000, plus fraud protection and instant, all-digital card lock. The best part of the app is that it automatically invests spare change and also provides cashback to selected retailers.
It only charges $1 a month for a taxable investment account, $2 a month to add on an individual retirement account, or $3 a month for an Acorns checking account. ETF(Exchange-traded fund)expense ratios range from 0.03% to 0.18%. It supports different types of account like Individual non-retirement accounts, Roth and traditional IRAs Online checking account with debit card. It has various innovative tools that help you in not only investing your money but also in saving your money. Acorns Spend account comes with a debit card, and mobile check deposit and check to send, but no interest is paid on the account.
