With interest rates at record lows, it just doesn’t make sense to save money in a bank account anymore. Thanks to inflation your money will be worth less and less each year if it just sits idle in your savings account. So what other options do you have? Well there are now a myriad of different investing apps that have popped up over the past couple of years. These apps make investing in stocks, ETFs (index funds) and bonds cheap and accessible to anyone, no matter how much money you have. In fact you can get started investing and growing your wealth with as little as $5.
Here are some of the top investing apps that have piqued my interest in 2020. I expect we will continue to see more and more innovate fintech apps launch throughout the year, and I’ll keep this post updated.
I’ve been experimenting with the CopyTrading platform 
Commonwealth Bank has launched a new way to invest in ETF’s called 
Many people believe that investing is something for the rich or financial experts. The reality is though that anyone can start investing, and you don’t even need a lot of money. You can start investing in stocks and bonds with as little as $5. And you can even do it without being charged any fees! So read on to find out why you should be investing and how you can do it too, even if you’re broke.
Index funds are a low cost, diversified way to invest in the stock market. The reality is that most retail investors who try and pick stocks on their own will end up either losing money or not beating the market index. That’s why index funds are a great option for investing. They’re hands off and contain a well rounded selection of stocks. And the numbers don’t like – individual investors see better returns when investing in index funds!
It’s tax time! Thankfully these days submitting a tax return is super easy for most people. And a lot of you will be getting a nice little tax refund. So what are some smart things you can do with your return? I’ve put together 5 of my ideas, let me know in the comments if you have any ideas of your own.
It’s amazing that in 2019 it’s possible to invest in a complex, diversified portfolio of stocks and bonds with just a couple of taps on your phone. In fact investing has never been easier. You don’t need lots of money to start investing anymore. In fact you can get started with as little as $5.