Online Investing Accounts
Robinhood (4.3 stars)
Robinhood is one of the easiest and most popular investing apps to get started using. They have a good interface and app, and they offer a free stock when you sign-up!
Why should I open an investing account?
Really two main reasons:
1) It’s very easy and requires minimal starting investment
2) The fastest way to build wealth is to invest in the stock market
The market will grow your money over time. Over the last 10 years, the market has grown, on average 12.39% per year. That means $10,000 invested in the stock market is going to grow, on average, $1,200 per year in value.
What do I need to do to set-up an account?
First, we pick a reputable brokerage from the best-of list. Visit their site and open your account – you’ll need some info about yourself, but really not much more than that. Fund your account by linking your bank account or sending money over.
Once you have some money in the account, just start investing in some index funds or stocks your familiar with. You can always get more advanced from there!
Best Investing Accounts
Disclaimer: Rates and terms are subject to change. Please verify the latest details with the respective banks before making a decision. The market is volatile. No investment is a guarantee of returns
