According to Stash, since it launched in late 2015, it's amassed nearly 2 million customers and 5 million educational subscribers, with approximately 40,000 new clients joining weekly.Īcorns lets you round up credit and debit card purchases to the nearest dollar and then invests your digital change. Stash lets you pick more than 40 different exchange-traded funds (ETFs) and stocks for a minimum deposit of $5. The apps' low barriers to entry, automation and familiar tap-swipe-buy, Tinder-style interface have led to a gold rush of sorts. These kinds of apps are exploding right now, appealing mainly to Millennials looking for convenient ways to start saving and increasing their money. More: Bull market for stocks is turning 9. gold and other investments during 9-year bull market More: Common-sense tips for keeping wild stock market rides in perspective More: Stock market 10-month win streak ends in February after correction You ask, what you’re after - and whether you want one more way to get addicted to your smartphone.
New investing apps like Robinhood, Acorns and Stash make it easier than ever to invest on the go, with zero experience and little more than pocket change to pony up.Īre what's known as micro-investing apps handy in a fluctuating stock market? It depends on who Watch Video: Microinvesting apps: How they work in a volatile stock market
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