Did you know that an estimated 144 million adults in the United States of America have invested in stocks? Investing has long been regarded as one of the best ways to grow wealth in a sustainable way. Watching successful investors might feel like you’re watching an impossible dream, but with the right resources and mindset, there is no reason why you can’t find success.
A big part of finding success with investing in stocks, bonds, crypto, and other assets is having the right financial tools at your disposal. Using financial planning tools and financial analysis tools will help you make informed decisions with your money that will set you up for a bright and successful future.
The good news is that you’ve found the perfect guide to learning all about the best financial tools that you can use to start investing your hard-earned money. Keep reading this article to learn about the ten best financial tools to use for beginners today!
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1. Acorns
Acorns is a great app that you should consider downloading if you own a smartphone and you plan on getting into investing. It’s a micro-investing application that makes it easy to link your debit and credit cards to your account. If you spend money on a coffee at Starbucks that comes out to $4.50, Acorns will round up the difference of the $5 and invest that leftover 50 cents into stocks.
It’s possible to go into the app and adjust your investing strategy in a way that is more conservative or aggressive. It all comes down to your preferences and your investment style when you start using Acorns to make good investments. Keep in mind that you will need to be less risk-averse if you want to see big gains from your investments.
You won’t find an easier way to break into the ranks of seasoned investors than using Acorns. It is a low-stress way of investing in stocks and it is all automated so you don’t need to get emotions involved or overthink your investments. This app is a great way to start building your wealth in a slow and steady manner.
2. Betterment
Betterment is another great option if you’re looking for financial planning tools that are designed to help you build wealth. This service is accessible through an online browser or you can install the app on your smartphone or tablet. It’s an effective way to help new investors get up to speed and become more confident in their investment strategy and investment decisions.
If you want a financial safety net or you want to start saving for your retirement then Betterment is a great place to get started. This app will help you through each step of the process and makes it easy to reach all of your investment goals.
It’s much easier to feel confident and secure in your investments when you have great financial analysis tools at your fingertips. Look into downloading Betterment sooner than later to get a head-start on building your personal wealth.
3. iQuantifi
Sometimes it is easier to move forward with your investing career when you have a financial advisor to point you in the right direction. If you don’t want to hire a traditional financial advisor then you should look into trying out iQuantifi for your investment needs. You will find that it is easy to set goals for yourself with this service, and it is geared toward helping millennial investors.
You’ll need to answer a few questions in order to start getting financial advice, but after you get through that it should be smooth sailing. The service will come up with a customized financial plan based on the assets and money that you have at your disposal. This is huge because it makes it much easier to set realistic and attainable goals for your investments.
If you’re looking to start saving money for personal milestones then it’s a great idea to consider getting iQuantifi. You will have plenty of fun goals that you’re shooting for with your money so that you can save more and get what you want out of life.
4. TradeStops
Another great option to consider if you’re planning on making use of the financial tools on the internet is TradeStops. TradeStops is one of the best services out there if you’re looking for more financial analysis tools. It is all about making investments based on math and financial analysis rather than your gut instincts and your emotions.
Many investors are nervous about getting started because they don’t feel that they have an ample amount of background knowledge on investing in crypto or the stock market. Fear of using new technology like a bitcoin atm could keep you from turning your investments into thousands of dollars.
You will get plenty of helpful algorithms from TradeStops, which means that you will have all of the information to make an informed decision about investment opportunities. The app will provide logical solutions as you seek out new opportunities. You can enjoy peace of mind as you watch your money grow.
5. Mint
Mint is an app that offers a wide variety of services. It is a great financial tool that you need to download sooner than later since it is effective for setting and keeping a budget and monitoring your spending. It’s difficult to know how much money you have to play with if you don’t have financial management tools at your disposal.
Mint is perfect for tracking all of your spendings in a variety of categories. You will have an easy time tracking the amount of money that you’re spending each week and each month on ordering food and shopping for clothes. It makes managing and tracking your money easier than ever and allows you to get a realistic idea of how much money you have to invest.
Mint is one of the best ways to make your personal finances work for you. You will start meeting your financial goals when you download and use it. You can get an idea of how much money you should put away into your savings account after each paycheck.
If you have trouble tracking where your money is going then you can’t go wrong with downloading Mint and getting it set up. You will put together a strong budget and have a better idea of where your money is going.
6. Robinhood
Another financial tool that is worth exploring for your personal wealth is Robinhood. Many new investors make the mistake of thinking that they need to work with a broker in order to start investing in stocks. You can avoid those unnecessary conversations and spending money on brokerage fees when you take the simple step of downloading Robinhood on your personal device.
Once you have Robinhood set up, you can start investing in a wide variety of valuable assets. You can start purchasing stocks, ETFs, and cryptocurrencies with this app. It’s a great way to start your investing career since it offers a simple and effective method for investing your money.
The internet makes it easier than ever to start putting your money into assets that will build and diversify your portfolio. The stated goal of this app is to bring democracy to the financial institution of the United States.
This is great news if you’re looking for investment tools that don’t require you to spend more money. Robinhood offers its services for free, meaning that you have important financial tools at your disposal at no cost to your bank account.
7. Stash
Stash is another great tool if you’re new to investing and you want to start out on the right foot. This useful investing tool is perfect for beginners because it offers helpful tips about the best types of investments to make when building a portfolio. It offers a wide range of features that make it easier than ever to invest your hard-earned money into stocks that make sense.
It also allows you to purchase stock in businesses that you support and appreciate. Having emotions tied up in your investing strategy isn’t always the best idea, but it feels good to purchase stocks from a company that has a message that you support.
It’s easier than you’d think to find human rights-supporting businesses to support. You can also do this with businesses that are dedicated to running their businesses in an eco-friendly and sustainable fashion.
Stash makes it easy for you to grow your wealth while supporting causes that are important to the planet and humanity as a whole. Don’t ignore this financial tool when you start your investing career.
8. Personal Capital
Anyone that has gone down the rabbit hole of personal finances and investing knows that it is tricky at times to figure out the right step to take. Your personal finances get much easier when they’re all linked and in one place. Downloading Personal Capital is a great step in the right direction if your goal is to tidy up your personal finances and get all of your information from one source.
It’s much easier to know how much money you have when you can visit one app and see all of your finances. Floating from one banking app to the next on your phone is stressful and draining, but Personal Capital eliminates that. All you’ll need to do is open up the Personal Capital app and all of your financial information will be there for you to digest.
It also offers other features like savings goals, monitoring your spending habits, and planning for unexpected expenses in the future. You should consider getting this app if you want to make your life and your finances much easier to manage.
9. Qapital
Qapital is different from most apps and financial tools listed in this article because it is more focused on offering portfolios that financial experts have built for new investors like you. This is a great route to take if you’re hoping to build a diverse portfolio or add to an existing one.
Using Qapital is a perfect method to use if you want to set and reach savings goals for things like buying your first home or saving for a new car. You will set yourself up for a much brighter future when you take the time to download Qapital.
10. Estimize
Estimize is a great tool to use if you’re looking for financial analysis tools that you can use at your own convenience. It focuses on what the crowd is doing when it comes to investing in stocks and cryptocurrencies. You’ve likely heard that it is difficult to find sustainable success with investing if you’re following the crowd.
With that mentality, Estimize might seem a bit counterintuitive. Estimize, on the other hand, claims that it has a much higher range of accuracy than Wall Street itself when it comes to stock investments.
It works by collecting information from tens of thousands of financial analysts from across the United States. It compiles these reports and passes along the financial data to you so that you can make smart investments and grow your wealth.
If you’re looking for financial tools that are perfect for financial planning and analysis then you can’t go wrong with Estimize. It’s the perfect tool to find what you want to invest in next. Use this app to get the crucial insight that you need as a new investor to start making your way into the world of investing your money.
Use These Great Financial Tools to Start Investing Today
Getting started with investing is a much easier task to conquer when you have a number of helpful financial tools at your disposal. Tools like Mint and Estimize are great for tracking your spending and finding the next great investment opportunity for your portfolio.
You can also look into financial planning tools like Acorns that will use your change from purchases to invest in stocks. Don’t forget to use apps like Robinhood to get started with investing in stocks, ETFs, and cryptocurrencies.
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