The Best Investing Apps You Need To Beat The Market
Fellow Investor,
Chances are, you've come across this report through my writings for Forbes. If you've been reading my columns regularly, you already know that I do my best to help investors like you think differently about finance & the stock market.
This report was adapted from one of my most popular articles. After reading it, you'll find out what some of my favorite investing apps are and you'll even have the opportunity to get a free stock or some free cash by signing up using the links I've provided.
Whether you're already investing or you're looking to get started, I can assure you that you'll find something of value within this brief report.
Here's to many happy returns!
Karl Kaufman
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1. Robinhood
Robinhood seems too good to be true -- commission-free trading from your phone with no minimum balance, and if you use this link to sign up, you & I will both get a free share of a random stock. The Robinhood Gold program even allows you to trade on margin for a low monthly fee.
Besides stocks, Robinhood also gives you the ability to trade options and cryptocurrencies, all for free (do so at your own risk!).
So what's the catch? Well, the company makes money by selling its orders to high-frequency traders who can make your trade slightly more expensive (using limit orders can help eliminate this).
If you're looking for commission-free trading with no-frills, it's hard to beat Robinhood.
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2. Personal Capital
Personal Capital is a terrific finance tracking tool to help you manage your investments, especially if you have multiple accounts with different firms. Their trademarked "You Index" tracks your performance across all of your accounts and compares it to benchmarks like the Dow and the S&P 500.
You can work with one of their financial advisors if you're so inclined, for a reasonable annual fee based on managed assets. When I registered and linked my accounts, I received a free consultation with my assigned advisor, who had previously worked for Charles Schwab and Edward Jones. Since I manage my own investments, I declined this service.
Personal Capital also has a budgeting tool, which is not nearly as robust as Mint's, but for keeping track of your investments, Personal Capital blows Mint out of the water.
Sign up using this link, and we'll both receive $20.
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Yahoo! Finance is still one of the best investing information resources available, and their app is my go-to for news and real-time data throughout the trading day. The ability to quickly and easily browse videos, read charts and view financials (all for free!) make this app stand out.
They've recently added a feature allowing you to link your broker account so you can easily trade through the app, but I have not tried this out, nor do I plan on doing so anytime in the future.
4. Learn
If you're looking to get started with investing, I highly recommend Learn. It contains clear, concise and easy to follow text and audio lessons about investing basics. Topics include "What is a Stock?", "Balance Sheets" and "Mistakes to Avoid."
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It's pretty basic stuff, so experienced investors would be better served sticking with a site like Investopedia.
5. StockTwits
The so-called "Twitter for investors," StockTwits is a community of traders exchanging ideas, news and complaints (so many complaints!). When you post a message, you're supposed to check a box indicating if you're bullish or bearish about the stock you're posting about, and it's fascinating to see how investor sentiment changes over time.
The community seems to have a lot of day traders interested in technical analysis, but still holds value for fundamental investors. As always, separating the wheat from the chaff is a challenge, but I've been able to find breaking news here that's not being reported in Yahoo! Finance (specifically when it comes to analyst's upgrades or downgrades).
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They even have their own rallying cry: BTFD ("Buy the F'n Dip") and an online store selling ugly Christmas sweaters.
7. Stockpile
Stockpile allows investors to buy fractional shares of stock. If the thought of buying a company trading at $1,000 a share scares you, you can buy $100 worth and get 0.10 shares. The app interface is similar to Robinhood's and also has limited research and analysis, but Stockpile charges $0.99 to make a trade and requires a $5 minimum investment.
Stockpile doesn't allow you to buy companies trading below $6.00, so if you want to trade penny stocks, you should look elsewhere.
One unique feature is the ability to send gift cards for stocks -- you can send someone shares (or partial shares) of a stock and the recipient can exchange that stock for a different one.
I’m the founder and CEO of American Dream Investing, a financial membership service sharing independent and unconventional thoughts on building wealth through the stock market.
I manage a private multimillion-dollar portfolio and send text alerts to members whenever we make a trade. Our motto is “No One Loves Your Money More Than You.”
I graduated from Cornell University, worked as a market data analyst, and passed the Series 65 Exam. I’ve been invited to present to students at Boston College & the University of Central Florida about the importance of investing at an early age.
Writing as a Forbes contributor, my articles have been viewed over 1,000,000 times by more than 800,000 people. I've interviewed financial heavyweights like Tony Robbins & Jeffrey Gundlach and have appeared on Bloomberg TV.
Most importantly, I'm passionate about helping readers like you think differently about investing!
Some people don't have the time to listen to conference calls, watch CNBC, look at charts all day and read dozens of publications.
That's why we created an investment service that does most of the heavy lifting for you! We don't manage money; we send you information about every trade we're making and you decide what to do. After all,
As a Member, you'll get:
Find out more by clicking below: