{"id":5993,"date":"2024-10-05T21:24:09","date_gmt":"2024-10-05T21:24:09","guid":{"rendered":"https:\/\/finderica.com\/4-best-micro-investing-apps-of-2024-stash-sofi-acorns-public\/"},"modified":"2024-10-07T21:46:49","modified_gmt":"2024-10-07T21:46:49","slug":"4-best-micro-investing-apps-of-2024-stash-sofi-acorns-public","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=5993","title":{"rendered":"4 Best Micro-Investing Apps of 2024: Stash, SoFi, Acorns, Public"},"content":{"rendered":"\n<div>\n<p>Micro-investing apps can be a great way to get your money in the stock market \u2014 even if you\u2019re tight on cash or have little to no investing experience.<\/p>\n<p>But not all investing apps are created equal.<\/p>\n<p>Micro-investing works by consistently allocating small sums of money to an investment portfolio. It sounds simple, but each app has different fees, features and flexibility.<\/p>\n<p>If you\u2019re interested in starting small, check out our list of the best micro-investing apps of 2024 to compare your options side-by-side and find one that works for you.\n<\/p>\n<h2>Best Micro-Investing Apps of 2024<\/h2>\n<p>These four micro-investing apps rose to the top of our list.<\/p>\n<div id=\"review-list-table\">\n<p class=\"review-list-table-title default\">Micro-Investing Apps Features                    <\/p>\n<div class=\"table-responsive\">\n<table class=\"table\">\n<thead>\n<tr>\n<th style=\"text-align: left;\">App<\/th>\n<th style=\"text-align: left;\">Best for<\/th>\n<th style=\"text-align: left;\">Account Minimum<\/th>\n<th style=\"text-align: left;\">Fees<\/th>\n<th style=\"text-align: left;\">Ease of Use<\/th>\n<th style=\"text-align: ;\"><\/th>\n<th><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"column_1\" style=\"text-align: left; font-weight: normal;\">Stash<\/td>\n<td class=\"column_2\" style=\"text-align: left; font-weight: normal;\">Hands-on investors<\/td>\n<td class=\"column_3\" style=\"text-align: left; font-weight: normal;\">$0<\/td>\n<td class=\"column_4\" style=\"text-align: left; font-weight: normal;\">$3 to $9 monthly fee<\/td>\n<td class=\"column_5\" style=\"text-align: left; font-weight: normal;\">Very easy<\/td>\n<td class=\"column_6\" style=\"text-align: ; font-weight: ;\">\n\t\t\t\t\t\t\t<\/td>\n<td class=\"link_column\">\n\t\t\t\t\t\t<a class=\"rl_cta\" href=\"http:\/\/t.thepennyhoarder.com\/aff_c?offer_id=4083&amp;aff_id=2\" target=\"_blank\" rel=\"noopener\">SEE DETAILS<\/a>\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td class=\"column_1\" style=\"text-align: left; font-weight: normal;\">SoFi Invest<\/td>\n<td class=\"column_2\" style=\"text-align: left; font-weight: normal;\">Free investing<\/td>\n<td class=\"column_3\" style=\"text-align: left; font-weight: normal;\">$0<\/td>\n<td class=\"column_4\" style=\"text-align: left; font-weight: normal;\">$0<\/td>\n<td class=\"column_5\" style=\"text-align: left; font-weight: normal;\">Very easy<\/td>\n<td class=\"column_6\" style=\"text-align: ; font-weight: ;\">\n\t\t\t\t\t\t\t<\/td>\n<td class=\"link_column\">\n\t\t\t\t\t\t<a class=\"rl_cta\" href=\"https:\/\/www.sofi.com\/signup\/\" target=\"_blank\" rel=\"noopener\">SEE DETAILS<\/a>\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td class=\"column_1\" style=\"text-align: left; font-weight: normal;\">Acorns<\/td>\n<td class=\"column_2\" style=\"text-align: left; font-weight: normal;\">Beginners<\/td>\n<td class=\"column_3\" style=\"text-align: left; font-weight: normal;\">$0<\/td>\n<td class=\"column_4\" style=\"text-align: left; font-weight: normal;\">$3 to $9 monthly fee<\/td>\n<td class=\"column_5\" style=\"text-align: left; font-weight: normal;\">Very easy<\/td>\n<td class=\"column_6\" style=\"text-align: ; font-weight: ;\">\n\t\t\t\t\t\t\t<\/td>\n<td class=\"link_column\">\n\t\t\t\t\t\t<a class=\"rl_cta\" href=\"http:\/\/t.thepennyhoarder.com\/aff_c?offer_id=2412&amp;aff_id=2\" target=\"_blank\" rel=\"noopener\">SEE DETAILS<\/a>\t\t\t\t\t<\/td>\n<\/tr>\n<tr>\n<td class=\"column_1\" style=\"text-align: left; font-weight: normal;\">Public<\/td>\n<td class=\"column_2\" style=\"text-align: left; font-weight: normal;\">Social butterflies<\/td>\n<td class=\"column_3\" style=\"text-align: left; font-weight: normal;\">$0<\/td>\n<td class=\"column_4\" style=\"text-align: left; font-weight: normal;\">$0<\/td>\n<td class=\"column_5\" style=\"text-align: left; font-weight: normal;\">Very easy<\/td>\n<td class=\"column_6\" style=\"text-align: ; font-weight: ;\">\n\t\t\t\t\t\t\t<\/td>\n<td class=\"link_column\">\n\t\t\t\t\t\t<a class=\"rl_cta\" href=\"https:\/\/public.com\/signup\" target=\"_blank\" rel=\"noopener\">SEE DETAILS<\/a>\t\t\t\t\t<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<h2>Stash: Best Micro-Investing App for Hands-On Investors<\/h2>\n<div class=\"review-digest-table-main\">\n<div class=\"review-digest-table\">\n<div class=\"review-digest-table-container\">\n<div class=\"review-digest-title-container\">\n<div class=\"review-digest-titles\">\n<h3 class=\"review-digest-table-title\" style=\"color:#56209F\">Stash<\/h3>\n<p>Best for Hands-on Investors<\/p>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-features\">\n<div class=\"review-digest-table-key-features\">\n<p>Key Features<\/p>\n<ul class=\"review-digest-table-key-features-list\">\n<li>Both DIY and automated investing<\/li>\n<li>Access to an IRA<\/li>\n<li>Comes with a bank account<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Stash can build an automated portfolio for you, or you can pick your own stocks and ETFs. Each Stash account comes with a bank account, which features no minimum balance requirements, no overdraft fees and no monthly services fees. The Stash Stock-Back program allows users to earn a percentage back in stock on all qualifying purchases. <\/p>\n<div class=\"review-digest-table-main-top\">\n<p>Stash<\/p>\n<div class=\"review-digest-table-main-logo\"><img loading=\"lazy\" class=\"lazyload \" decoding=\"async\" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2021\/11\/07091341\/stash.svg\" alt=\"Stash Logo\"><\/div>\n<\/div>\n<div class=\"review-digest-table-main-bottom\">\n<div class=\"review-digest-table-main-table\">\n<div class=\"review-digest-table-main-table-content\">\n<p>Account minimum<\/p>\n<p>$0<\/p>\n<p>Fees<\/p>\n<p>$3 for Growth and $9 for Stash+<\/p>\n<p>Ease of use<\/p>\n<p>Very easy<\/p>\n<p>Minimum investment<\/p>\n<p>$1<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-additional-details\">\n<p>More Information About Stash App<\/p>\n<div class=\"review-digest-table-addl-details-description\">\n<p><span style=\"font-weight: 400;\">Stash gives users the option to choose how involved they want to be with their portfolio.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the app features many of the same perks as Acorns \u2014 including round-ups, recurring deposits and the option to open an IRA \u2014 it also lets you tweak your portfolio with more than 3,000 ETFs and individual stocks.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In October 2022, Stash also introduced a selection of eight cryptocurrencies investors can purchase, including bitcoin and ethereum. Users with Stash Growth accounts are charged a 1% fee per crypto transaction and Stash+ users pay a 0.8% fee per transaction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you prefer a more hands-off approach, Stash offers that too with its $3-a-month Stash Growth account that functions much like a <\/span><span style=\"font-weight: 400;\">robo-advisor<\/span><span style=\"font-weight: 400;\">. Stash+ is the app\u2019s $9 a month option. You\u2019ll get access to two custodial accounts for kids, a higher reward with Stash\u2019s Stock-Back Card and access to $10,000 worth of life insurance.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All Stash accounts include a bank account with no overdraft fees or minimum balance requirements. (It doesn\u2019t earn any interest either.) You can also create goals by separating your cash into spaces for specific purposes, like buying a home.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a full run down of fees and services, check out our complete <\/span><span style=\"font-weight: 400;\">Stash App review.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>SoFi Invest: Best Free Micro-Investing App<\/h2>\n<div class=\"review-digest-table-main\">\n<div class=\"review-digest-table\">\n<div class=\"review-digest-table-container\">\n<div class=\"review-digest-title-container\">\n<div class=\"review-digest-titles\">\n<h3 class=\"review-digest-table-title\" style=\"color:#56209F\">SoFi Invest<\/h3>\n<p>Best for Fee-Free Investing<\/p>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-features\">\n<div class=\"review-digest-table-key-features\">\n<p>Key Features<\/p>\n<ul class=\"review-digest-table-key-features-list\">\n<li>Access to financial advisors<\/li>\n<li>Passive or active portfolio options<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>SoFi Invest offers two types of investing: active stock trading and a passive, automated portfolio option. There are no annual management fees or monthly charges. A unique perk with this app is access to a certified financial planner at no cost. <\/p>\n<div class=\"review-digest-table-main-top\">\n<p>SoFi Invest<\/p>\n<div class=\"review-digest-table-main-logo\"><img loading=\"lazy\" class=\"lazyload \" decoding=\"async\" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2022\/02\/02115441\/SoFi.svg\" alt=\"SoFi Logo\"><\/div>\n<\/div>\n<div class=\"review-digest-table-main-bottom\">\n<div class=\"review-digest-table-main-table\">\n<div class=\"review-digest-table-main-table-content\">\n<p>Account minimum<\/p>\n<p>$0<\/p>\n<p>Fees<\/p>\n<p>$0<\/p>\n<p>Ease of use<\/p>\n<p>Very easy<\/p>\n<p>Minimum investment<\/p>\n<p>$5<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-additional-details\">\n<p>More Information About SoFi Invest<\/p>\n<div class=\"review-digest-table-addl-details-description\">\n<p><span style=\"font-weight: 400;\">SoFi Invest eliminates annual account fees, monthly charges and trading fees for users while still offering a $0 account minimum.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While SoFi doesn\u2019t charge an annual or monthly fee, you\u2019ll still pay expense ratios on ETFs and mutual funds. This is standard for any brokerage account. However, SoFi (and most micro-investing apps) offers a broad range of ETFs and mutual funds with very low expense ratios.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can choose either an actively managed account for a more hands-on investing experience, or an automated portfolio for passive investing.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also opt for a retirement savings account, including a traditional, Roth or SEP IRA. Each of these accounts can be either passively or actively managed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What makes SoFi unique from other micro-investing apps is you can chat with a financial advisor over the phone or on video at no extra cost. These certified financial professionals act as fiduciaries, meaning they\u2019ll put your financial interests first and won\u2019t try to sell you anything.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a full run down of fees and services, check out our complete <\/span><span style=\"font-weight: 400;\">Sofi review<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Acorns: Best Micro-Investing App for Beginners<\/h2>\n<div class=\"review-digest-table-main\">\n<div class=\"review-digest-table\">\n<div class=\"review-digest-table-container\">\n<div class=\"review-digest-title-container\">\n<div class=\"review-digest-titles\">\n<h3 class=\"review-digest-table-title\" style=\"color:#56209F\">Acorns<\/h3>\n<p>Best for New Investors<\/p>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-features\">\n<div class=\"review-digest-table-key-features\">\n<p>Key Features<\/p>\n<ul class=\"review-digest-table-key-features-list\">\n<li>Round-Up feature for spare change<\/li>\n<li>Access to Acorns Checking <\/li>\n<li>Diversified portfolios<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Acorns has a user-friendly interface and pre-made diversified portfolios that make it easy for new investors to get started. Acorns\u2019 Round-Up feature lets you invest spare change by rounding up purchases made on a linked credit or debit card to the nearest dollar. It also includes a Earn Money feature, which contributes money to your account when you shop with sponsored partners.\n<\/p>\n<div class=\"review-digest-table-main-top\">\n<p>Acorns<\/p>\n<div class=\"review-digest-table-main-logo\"><img loading=\"lazy\" class=\"lazyload \" decoding=\"async\" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2021\/10\/03102742\/acorns.svg\" alt=\"Acorns Logo\"><\/div>\n<\/div>\n<div class=\"review-digest-table-main-bottom\">\n<div class=\"review-digest-table-main-table\">\n<div class=\"review-digest-table-main-table-content\">\n<p>Account minimum<\/p>\n<p>$0<\/p>\n<p>Fees<\/p>\n<p>$3 a month for Personal, $5 for Personal Plus and $9 for Premium<\/p>\n<p>Ease of use<\/p>\n<p>Very easy<\/p>\n<p>Minimum investment<\/p>\n<p>$5<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-additional-details\">\n<p>More Information About Acorns<\/p>\n<div class=\"review-digest-table-addl-details-description\">\n<p><span style=\"font-weight: 400;\">Acorns works as a <\/span><span style=\"font-weight: 400;\">robo-advisor<\/span><span style=\"font-weight: 400;\"> by recommending one of five pre-made portfolios based on your age, financial goals and risk tolerance. Portfolios range from conservative to aggressive. You can choose a different portfolio if you disagree with the algorithm, but you can\u2019t pick your own individual investments.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Acorns\u2019 portfolios are comprised of low-cost <\/span><span style=\"font-weight: 400;\">exchange traded funds<\/span><span style=\"font-weight: 400;\"> (ETFs), which bundle different stocks and\/or bonds into a single share. Acorns \u2014 like all micro-investing apps \u2014 buys fractional shares of ETFs so you don\u2019t have to save up hundreds of dollars to start investing.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The app lets you invest your spare change through its Round-Up feature. After linking a debit card to the app, your purchases are rounded up to the nearest dollar and the difference is invested into your portfolio.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also enable recurring transfers from your savings or checking account on a daily, weekly or monthly basis. You can set up this feature in addition to spare change round-ups to grow your money even faster.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another unique feature is Acorns Earn, which allows users to generate \u201cfound money\u201d by shopping with one of the app\u2019s 350 business partners. For example, you can get 25 cents invested on each GrubHub order or 5% invested on each Groupon order.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re interested in socially responsible investing, Acorns offers Sustainable Portfolios, which the company says are \u201cdesigned to provide exposure to more sustainable companies, while aiming to perform on par with a traditional portfolio.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Acorns offers multiple pricing options: A $3 monthly fee for its Personal account, $5 for Personal Plus or $9 a month for its Premium account. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Personal account includes access to an<\/span><span style=\"font-weight: 400;\"> individual retirement account <\/span><span style=\"font-weight: 400;\">(IRA) and a checking account. The Premium account includes all the features of the $3 account, plus you can add multiple custodian accounts and a debit card for your children. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a full run down of fees and services, check out our complete <\/span><span style=\"font-weight: 400;\">Acorns review.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Public: Best Micro-Investment App for Social Butterflies<\/h2>\n<div class=\"review-digest-table-main\">\n<div class=\"review-digest-table\">\n<div class=\"review-digest-table-container\">\n<div class=\"review-digest-title-container\">\n<div class=\"review-digest-titles\">\n<h3 class=\"review-digest-table-title\" style=\"color:#56209F\">Public<\/h3>\n<p>Best for Social Butterflies<\/p>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-features\">\n<div class=\"review-digest-table-key-features\">\n<p>Key Features<\/p>\n<ul class=\"review-digest-table-key-features-list\">\n<li>Social media-like community<\/li>\n<li>Cryptocurrency available<\/li>\n<li>No monthly or annual fees<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Public lets you buy fractional shares of companies and offers \u201cthemes\u201d of stocks. Themes include health care and women-led companies, and they allow you to invest in multiple companies at once to quickly build a portfolio. Public incorporates a social media-like feed, which lets you keep track of other users\u2019 stock portfolios. You can also buy, sell and hold crypto with this app.<\/p>\n<div class=\"review-digest-table-main-top\">\n<p>Public<\/p>\n<div class=\"review-digest-table-main-logo\"><img loading=\"lazy\" class=\"lazyload \" decoding=\"async\" src=\"https:\/\/cdn.thepennyhoarder.com\/wp-content\/uploads\/2021\/10\/03114422\/public.svg\" alt=\"public.com logo\"><\/div>\n<\/div>\n<div class=\"review-digest-table-main-bottom\">\n<div class=\"review-digest-table-main-table\">\n<div class=\"review-digest-table-main-table-content\">\n<p>Account minimum<\/p>\n<p>$0<\/p>\n<p>Fees<\/p>\n<p>$0<\/p>\n<p>Ease of use<\/p>\n<p>Very easy<\/p>\n<p>Minimum investment<\/p>\n<p>$0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"review-digest-table-additional-details\">\n<p>More Information About Public App<\/p>\n<div class=\"review-digest-table-addl-details-description\">\n<p><span style=\"font-weight: 400;\">Public is an app built on the idea of growing a social investing community.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All portfolios are public by default, so you can track other users\u2019 stock portfolios (and they can track yours). However, the app will never show how much money users invested, lost or gained on any individual stock.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The app has a large community forum where users can offer trading advice and ask questions about stocks. This can be attractive to beginning investors because it provides additional information, feedback and insight from more experienced traders.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building on its social media-like interface, Public compiles a custom feed for your profile, populated with stocks that match your interests, recent IPO announcements, upcoming earnings reports and more.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like other apps, Public lets you buy <\/span><span style=\"font-weight: 400;\">fractional shares<\/span><span style=\"font-weight: 400;\"> of stocks and ETFs (called \u201cslices\u201d on Public) so you can invest with as little as $5.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Public doesn\u2019t offer an automated portfolio like most of its competitors. Instead, it organizes stocks into user-friendly categories called \u201cthemes.\u201d\u00a0 For example, there\u2019s an American Made theme that includes U.S.-based companies and an eCommerce theme with companies like Amazon, eBay and Shopify.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These themes provide diversification, but not in the same way as broad-based ETF portfolios offered by apps like SoFi and Stash.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Public does a great job teaching you about investing as you go. You can tap on key terms to learn simple definitions and see \u201csafety labels\u201d on riskier investments, like companies that recently filed for bankruptcy.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like SoFi, Public doesn\u2019t charge any monthly or annual fees, and offers commission-free trading. You can also buy and sell a limited number of cryptocurrency coins within the app.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users pay a maximum fee between $0.49 to $6.29 for crypto purchases of $500 or less, and a 1.25% fee for crypto orders of $500 or more.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One major drawback with Public is you can\u2019t set up recurring transfers or deposits to the app from your bank.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a full rundown of fees and services, check out our complete <\/span><span style=\"font-weight: 400;\">Public review<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2>Features of the Best Micro-Investing Apps<\/h2>\n<p>What should you look for in an investing app? Here are a few key features offered by the best micro platforms.<\/p>\n<div class=\"thepe-top-of-post\" id=\"thepe-352901401\">\n<div class=\"adBorder\" id=\"thepe-1726885897\">\n<h3>7 Ways to Make Money if You Hate People<\/h3>\n<p>Do you avoid people too? In the past, there was almost no way around working with people if you wanted to earn a living, but things have changed.<\/p>\n<p>Our team has compiled a <a href=\"https:\/\/partners.thepennyhoarder.com\/people-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">list of creative ways<\/a> you can fatten your bank account this month, without having to put up with people.<\/p>\n<p>Enough small talk. <a href=\"https:\/\/partners.thepennyhoarder.com\/people-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">Here are some ways<\/a> to earn extra cash, without all of the social stuff.<\/p>\n<\/div>\n<\/div>\n<h3>Easy to Use<\/h3>\n<p>These apps eliminate the blocky and confusing clutter of some traditional brokerage accounts. Their simple interfaces make them super easy to use and understand, even if you have zero investing experience.<\/p>\n<h3>Low Minimum Investments<\/h3>\n<p>Micro-investing apps get you in the market with as little as $5. They do so by purchasing fractional shares of ETFs and other assets \u2014 which isn\u2019t an option at some traditional brokerage firms. This gets you invested quickly, even if you can\u2019t afford an entire share at first. It\u2019s also free to create an account, and most apps don\u2019t carry account minimums.<\/p>\n<h3>Diversified Investment Portfolios<\/h3>\n<p>Even experienced investors struggle with asset allocation and diversification. If you\u2019re just starting out, using an app that creates a diversified portfolio for you is a plus. Automatically generated portfolios eliminate much of the stress and guesswork new investors face.<\/p>\n<h3>Educational Tools<\/h3>\n<p>The best investing apps provide a host of educational resources and investment advice for beginners, including articles, videos and podcasts. While most micro-investing apps don\u2019t offer access to a professional financial advisor, these free educational tools are a helpful way to boost your personal finance knowledge.<\/p>\n<h3>Recurring Transfers<\/h3>\n<p>Nearly every app lets you set up recurring transfers from your bank account. For example, you can set your Stash app to automatically transfer $20 a week to your portfolio. Setting up recurring transfers makes investing second-nature and helps grow your money even faster.<\/p>\n<h3>Other Banking Services<\/h3>\n<p>Some micro-investing apps offer other services in addition to their brokerage accounts, including access to a savings and\/or checking account, an IRA and custodian accounts. You might pay more for these services, but the cost may be worth it depending on your goals.<\/p>\n<h2>Pros and Cons of Using a Micro-Investing App<\/h2>\n<p>Micro-investing apps offer several advantages, but they\u2019re not for everyone. It\u2019s important to understand the pros and cons before putting your money into any investing app.<\/p>\n<div class=\"ipc-container\">\n<div class=\"ipc-column\">\n<p>\n                                            <span class=\"ipc-checkmark\"><\/span><br \/><span class=\"ipc-name\" style=\"color: #56209F\">Pros<\/span>\n                                        <\/p>\n<ul class=\"ipc-list\">\n<li><b>Around-the-clock access.<\/b> You can quickly and easily monitor your account on the company\u2019s website or mobile app. <\/li>\n<li><b>Fractional shares get you invested quickly.<\/b> Stocks and ETFs can cost hundreds or even thousands of dollars a share, but fractional shares get you invested with whatever amount you can afford.<\/li>\n<li><b>Account minimums are lower than some traditional brokerage accounts.<\/b> Most micro-investing apps feature $0 minimum balance requirements so you can begin investing with just a few dollars.<\/li>\n<li><b>They\u2019re safe.<\/b> Just like a traditional brokerage account, micro-investing platforms must register with the U.S. Securities and Exchange Commision. Savings and checking accounts are FDIC insured.<\/li>\n<\/ul>\n<\/div>\n<div class=\"ipc-column\">\n<p>\n                                            <span class=\"ipc-x\"><\/span><br \/><span class=\"ipc-name\" style=\"color: #56209F\">Cons<\/span>\n                                        <\/p>\n<ul class=\"ipc-list\">\n<li><b>Fees are high for accounts with low balances.<\/b> Apps like Acorns and Stash advertise low fees, but getting charged $36 a year for a brokerage account isn\u2019t a great deal. <\/li>\n<li><b>You\u2019ll miss out on retirement plan tax perks \u2014 or pay more.<\/b> Most of these apps offer retirement accounts, but you\u2019ll usually pay more if you opt for an IRA. <\/li>\n<li><b>Your investment choices may be limited.<\/b> You may or may not be able to handpick the investments inside your portfolio. <\/li>\n<li><b>They probably won\u2019t help you meet your retirement goals.<\/b> Retirement is expensive, and making tiny contributions to an app isn\u2019t likely to amass the nest egg you need to comfortably retire. <\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h3>Recapping the Best Micro-Investing Apps<\/h3>\n<ul>\n<li aria-level=\"1\"><strong>Stash:<\/strong> Best for Hands-On Investors<\/li>\n<li aria-level=\"1\"><strong>SoFi Invest:<\/strong> Best for Free Investing<\/li>\n<li aria-level=\"1\"><strong>Acorns:<\/strong>\u00a0Best for New Investors<\/li>\n<li aria-level=\"1\"><strong>Public:<\/strong> Best for Investors Seeking a Community<\/li>\n<\/ul>\n<h2>Frequently Asked Questions (FAQs) About Micro-Investing Apps<\/h2>\n<p>We\u2019ve rounded up the answers to the most common questions about micro-investing apps to help you decide if they are a good fit with your investment strategies and goals.<\/p>\n<div class=\"irc-faq-container\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/FAQPage\">\n<div class=\"irc-faq-section\" itemscope=\"\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\">\n<div class=\"irc-toggle-section\">\n<p>What are Micro-Investing Apps?<\/p>\n<\/div>\n<div class=\"irc-answer\" itemscope=\"\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p><span style=\"font-weight: 400;\">Micro-investing apps are programs that let you contribute small sums of money \u2014 as little as a few dollars \u2014 to a brokerage account. By connecting a debit card, these apps can consistently invest your money into a portfolio of ETFs or fractional shares of individual stocks. <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"irc-faq-section\" itemscope=\"\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\">\n<div class=\"irc-toggle-section\">\n<p>Can You Get Rich from Acorns?<\/p>\n<\/div>\n<div class=\"irc-answer\" itemscope=\"\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p><span style=\"font-weight: 400;\">You won\u2019t get rich quick from investing in Acorns or any micro-investing app. The app\u2019s fees are actually rather high if you have a low account balance. However, using an app like Acorns can be a good introduction to the stock market if you\u2019re new to investing or you struggle with saving money. \u00a0 <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"irc-faq-section\" itemscope=\"\" itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\">\n<div class=\"irc-toggle-section\">\n<p>What is the Best Investment App for Beginners?<\/p>\n<\/div>\n<div class=\"irc-answer\" itemscope=\"\" itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\">\n<div itemprop=\"text\">\n<p><span style=\"font-weight: 400;\">For new investors, using an investment app with a robo-advisor might be a good idea. <\/span><span style=\"font-weight: 400;\">A robo-advisor is an <\/span><span style=\"font-weight: 400;\">online<\/span><span style=\"font-weight: 400;\"> broker that uses algorithms<\/span><span style=\"font-weight: 400;\"> and advanced software to automatically invest money and manage your portfolio.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After creating your account, you answer a brief questionnaire to assess your risk tolerance and financial goals. The app then selects a pre-made portfolio, so you don\u2019t have to choose any investments yourself.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stash, SoFi Invest and Acorns each offer a robo-advisor feature. The popular Public App does not.\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><i>Rachel Christian is a senior writer for The SS. Contributor Whitney Hansen updated this report. <\/i><\/p>\n<div class=\"thepe-bottom-of-post\" id=\"thepe-245088064\">\n<div class=\"adBorder\" id=\"thepe-16559995\">\n<h3>5 Companies That Send People Money When They\u2019re Asked Nicely<\/h3>\n<p>When you log into your bank account, how do your savings look? Probably not as good as you\u2019d like. It always seems like an uphill battle to build (and keep) a decent amount in savings.<\/p>\n<p>But what if your car breaks down, or you have a sudden medical bill?<\/p>\n<p><a href=\"https:\/\/partners.thepennyhoarder.com\/nice-companies-prt\/?aff_id=384\" target=\"_blank\" rel=\"noopener\">Ask one of these companies to help\u2026<\/a><\/p>\n<\/div>\n<\/div>\n<p>        <!-- ACF Financial Disclaimer --><\/p>\n<p>        <!-- End ACF Financial Disclaimer --><\/p>\n<p>        <!-- \n\n<div class=\"single-social-share-bottom text-center\"> --><br \/>\n                    <!-- <\/div>\n\n --><\/p>\n<p>        <!-- Newsletter Signup Form --><\/p>\n<hr>\n<hr>\n<div class=\"newsletter-signup-wrapper-for-digioh\">\n<div class=\"col-xs-12 newsletter-wrap flex-row\">\n<div class=\"container flex-container\">\n<div class=\"col-xs-12 new-newsletter-form\">\n<p class=\"text-subheading\">Ready to stop worrying about money?<\/p>\n<p class=\"text-get-daily\">Get the SS Daily<\/p>\n<p class=\"email-privacy-policy-blurb-white\">\n<\/p><\/div>\n<\/div><\/div>\n<\/p><\/div>\n<p>        <!-- End Newsletter Signup Form --><\/p><\/div>\n<p><script type=\"text\/javascript\" id=\"wp-fcapi-js-before\">\n\/* <![CDATA[ *\/\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window, document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\nfbq('init', '263664193816679');\n\/* ]]> *\/\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.thepennyhoarder.com\/investing\/best-micro-investing-apps\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Micro-investing apps can be a great way to get your money in the stock market \u2014 even if you\u2019re tight on cash or have little to no investing experience. But not all investing apps are created equal. Micro-investing works by consistently allocating small sums of money to an investment portfolio. It sounds simple, but each<\/p>\n","protected":false},"author":1,"featured_media":5994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[185],"tags":[649,254,646,650,648,647],"class_list":{"0":"post-5993","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-acorns","9":"tag-apps","10":"tag-microinvesting","11":"tag-public","12":"tag-sofi","13":"tag-stash"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/5993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5993"}],"version-history":[{"count":1,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/5993\/revisions"}],"predecessor-version":[{"id":5997,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/5993\/revisions\/5997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/5994"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}