Applications that are best for Investing among Entrepreneurs.

Applications that are best for Investing among Entrepreneurs.

Investing doesn’t have to be scary and intimidating. Most entrepreneurs wants to invest but have no idea how to go about it, the first time investing might not pay off because one lacks the knowledge of making smart investing decisions. However, investments has been made easier and less excruciating and with the knowledge of investment one can make decisions that would pay off in the long run.

What investments apps can I make use of while trying to invest and what are their charges?
The following are a list of investment apps you might be interested in:


Stash is an investment app that lets you invest with as little as $5 and also teaches you about your financies. Stash co-founder and CEO Brandon Krieg began working in electronic trading in 1998. “What I’ve learned is that picking stocks and day trading is really, really hard—next to impossible,” Krieg says. “But dollar-cost averaging little amounts of money has worked for me, and I think it’s really important for us to share that fact with our customers.” (Dollar-cost averaging, or buying small fixed amounts on a regular schedule, regardless of share price, gets its name from the potential to reduce your average cost of buying shares.)

After you Sign up, the information you fill as well as other factors like low fees, managed risk, and historical performance, will determine the sets of investments that would be recommended for you. The Auto-Stash feature makes it easy to turn investing into a habit, and accessible educational content provides tips and tricks to develop your investing knowledge. Saving and retirement options are also available.

Charges is free for the first month but after that, $1 will be charged per month for Invest accounts while $2 for Retire accounts. A flat fee of 0.25% will be charged per year once your account reaches $5,000.

Acorns helps you save without really noticing you are saving, it rounds up your everyday credit and debit transactions and automatically invests the spare change for you. Like Stach, Acorns teaches you how to manage your finances. In Acorns, you can invest more with its Recurring Investments, One-Time Investments, Referrals, and Found Money features. Acorns’ diversified portfolios are developed with help from Nobel Prize-winning economist, Dr. Harry Markowitz.

The CEO of Acorns – Noah Kerner explained that the app nudges you to make an automated recurring investment that can be by the day, week, or month depending on whatever one is comfortable with.

Charges in Acorns is a monthly charge of $1, a yearly flat fee of 0.25% once your account reaches $5,000.

Robinhood is inspired by Occupy Wall Street and it has no minimum account requirements. It allows you to invest in individual stocks, ETF’s (Exchange-Traded Fund) and trade options—and unlike bigger, traditional brokers, it charges no commission fee.

You can invest in Robinhood with as little and as much as you like. A standard account gives you access to instant deposits and you don’t have to wait for your funds to process when selling stocks or making deposits up to $1,000. A Robinhood Gold account gives you access to extra buying power, larger instant deposits, and extended trading hours.

There are no charges in Robinhood.


Wealthfront is unlike the earlier listed investment app, it is a combination of software and human financial advisers, it uses software and takes the passive investing approach to investing your money in 11 ETFs. Its signature PassivePlus features include tax loss harvesting, direct indexing, and advanced indexing. The Path tool provides visualizations of your financial future.

Charges in Wealthfront is free for the first $10,000 invested and a yearl charge of 0.25% with a $500 minimum balance.


Betterment is similar to Wealthfront, it takes the passive investing approach to investing your money in 13 ETFs. It builds a personalized portfolio for you based on your goals and risk tolerance, then automatically rebalances it for you. It helps you sync bank accounts if you want and other investments so you can monitor all financial activity in one place. RetireGuide helps you reach your retirement goals, while SmartDeposit automatically invests excess cash in your bank account.

Charges in Betterment is according to the plan you are into; the Digital plan is a yearly charges of 0.25% with a $0 minimum balance while the Premium plan is a yearly charges of 0.40% with a $100,000 minimum balance.



Mary Akinsande

Thanks for reading, kindly drop a comment

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