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.