The internet has been around for about two decades and it has definitely changed the world and brought a plethora of online opportunities. With this technology, advancements come other ways to do things on the go and that comes with investments on the go.
What is micro-investing
Micro investing helps everyday consumers to build habits of saving money and getting the best returns on investment in the open market. These platforms/apps provide trackers and budgeting tools to help inform you in the financial market which including real estate with no or low minimum amount requirements. Micro investing platforms also guide you with investment education and provides you with support and advice. The purpose of this type of investing is to have these small investments accumulate to become large sums. This will also increase your experience and knowledge and can possibly be a step towards bigger investments. This is great for beginners because it keeps the customers cost low and maximizes their return.
Can you make money with Micro investing apps
Yes, you can and can expect to every day because you’re invested in pooled funds on your behalf into the same open markets which make your odds for profiting are the same as the mainstream players. With these investments on average people tend to yield 2.81% profit in 30 days, or 34.18% annualized. All of this is factored with having average market conditions.
Best micro-investing Apps
Acorns- has more than 3.5 million customers worldwide. You can start with as little as $5 and the platform is focused on helping the average joe generate savings and returns. The approach is beginner-friendly, but Acorns further also invests in experienced investors as well.
Qapital- is New York-based, but originates from Sweden. You can start with as little as $10 and It currently has more than 420,000 users. Qapita focuses on helping to set financial goals and targets by investing for optimal returns in the open markets.
M1 Finance- out of Chicago M1 Finance has over 25,000 customer accounts currently. M1 Finance is focused on making users’ financial activities extremely simple and cost-effective by combining spending, borrowing and investing all on one platform.
Webull- is another New York-based company that has more than 10 million users. Webull tries to provide on-the-go mobile trading tools for tech-savvy everyday consumers to manage their own market portfolios for stocks, ETFs,