Make Money With Stock Trading – For dummies PDF free download
In this article, we’re gonna take a look at five different investing apps or websites to Make Money with Stocks. Also Stock trading for dummies PDF free download you may utilize for more details.
Each one of these has its own pros and cons to it.
We’re gonna break all this down in this article what each one of these apps actually provides that maybe the other apps might not provide.
We’re gonna break down the prices, features, and everything. So let’s get started.
Use Below Best Investing Sites To Make Money With Stocks
[Also Stock trading for dummies PDF free download available here]
You’re gonna get a lot of information right here in the next like two and a half minutes
Alright so these are the five apps or websites that we have.
All these apps are also available on the App Store for both iOS and Android,
So let’s run over the prices really quick this is really important.
Pricing
This is the first thing that I look at.
Acorns and stash they’re both pretty similar, one dollar a month or if you’re over five thousand dollars for your account value.
It’s gonna be 0.25 percent per year which really isn’t too bad.
That’s gonna be a lot cheaper than a lot of traditional financial advisors but It can certainly add up after a while with that 0.25 percent if you calculate that over a span of 50 years.
Now, RobinHood, it’s 100% free not even kidding there’s like zero fees in there
It’s a 100 percent legit app and a lot of people know about Robinhood but it’s probably the most popular investing app if I had to guess
It’s very much free and you can also get fractional shares on it which is really really interesting
Now betterment is going to charge you anywhere between 0.25 percent and 0.4 percent.
The really cool thing about this though is that you get sort of more professional financial advice, which we’re going to get into in the next couple of minutes here.
Also Stock trading for dummies PDF free download you may make use of.
Can you Buy Individual Stocks?
Let’s first talk about something that I think is pretty important is can you actually buy individual stocks with these different apps?
So with Acorns, you can’t.
Acorns is only going to provide you with five different investment options
You can go any for anywhere from conservative to aggressive or moderate anywhere in the middle there.
You can go between those five different options and so that kind of limits you to some stuff.
With Stash, you can buy individual stocks and even fractional shares which means that if you wanted to buy say Amazon stock.
Well guess what Amazon right now is over $1,800 per share but if you wanted to get Amazon stock through stash you could put in five dollars and get a piece of an Amazon share.
So that’s what’s really cool about the stash.
Robinhood does offer a lot of stock so this is probably the one that’s gonna be your best bet if you’re looking for individual stocks.
What I should have mentioned with stash is that they only give you a certain option of stocks that you can buy so they’re only going to give you maybe a couple of dozen different stocks that you can buy through stash.
But with Robinhood you can quite literally buy thousands of different stocks and ETFs and bond ETFs and all kinds of different options with Robinhood.
M1 finance just kind of like Robinhood in the same way, except you can actually buy fractional shares
So you know m1 finance might have the upper hand on this one
Betterment, they can’t really allow you to buy individual stocks.
So this is more so you know funds that they will kind of set up for you and manage for you
It’s definitely the most passive out of these five here.
I would say that betterment is the option for people who just don’t really want to spend time to pick their own companies or pick their own investments but just kind of lay out some plans and some guidelines and then betterment will kind of take care of the rest.
So it’s great for people who don’t want to spend too much time. Also Stock trading for dummies PDF free download you may make use of.
Custodial Accounts?
Now the next thing that I want to briefly touch on is custodial accounts.
This is really important for anybody who is not eighteen years old yet or if you have a kid who wants to start investing and help your kid learn about money and financial freedom.
This could be a great option.
Acorns they don’t technically offer a custodial account but they offer something that’s pretty similar.
You can set up a part of your acorns account, it may be part for your account for your child or a minor
Now stash can do custodial accounts amazing.
That’s what I like about stash, RobinHood and m-1 finance you can’t do that yet.
So you can’t set up a RobinHood or an m1 Finance account if you were not eighteen years old yet
Betterment, while they sort of, are doing like what acorns do at the moment which you can set aside some money for your child through that program but it’s not technically a separate account.
Also Stock trading for dummies PDF free download you may make use of for more details.
Key Features
Now let’s get into the key features and that really set each one of these apps apart and what makes them better from each other
-
Acorn
Here’s the deal with acorns now acorns probably have the most amount of different possibilities in terms of things that the other four apps do not have.
So one of them is called “Found money” this is pretty neat
Usually what’ll happen from here is that they’ll actually give you essentially kind of like coupons and discounts for using certain products through the acorns app.
For example, you can get like $25 for signing up for LifeLock or for example, they might give you 1% of your total purchase from the Apple store or from Walmart.
They might give you 1 or 2% so that’s what’s kind of interesting about it, you might actually make a little bit of money through the acorns app and will then deposit into your account.
Now another thing that they have are these retirement accounts.
They have that pretty well set up, I think that’s going to cost $2 a month for the retirement account
They also have something called roundup so this is something that I haven’t seen any of these other apps really doing and that is they can actually connect your credit card to your account.
Every time that you make a purchase, say you buy a cup of coffee for 2 dollars and 54 cents.
Well what acorn is going to do is they’re going to take 46 cents out of your account to round it up to the nearest dollar which would be 3 dollars
So if I take 46 cents out of your bank account and put it into your acorn account.
It’s a really awesome option for people who kind of maybe not too good at saving money or they just want to add some extra money to their investment account.
That’s what’s really neat about acorns.
Now they also offer a debit card, you can preorder these.
They’re just kind of rolling them out now, so this is kind of something that’s really coming out and it’s new but they do charge you I think a dollar a month for that.
So I don’t know if it’s entirely worth it for those extra features on there for acorns. Also Stock trading for dummies PDF free download you may make use of for more details.
-
Stash
Now stash it looks like there’s not a lot on here on this list of what really makes stash great.
I didn’t really add too much on here just fractional shares and the ability to add money to your account on a daily or a weekly or a monthly basis.
That’s pretty interesting to do and I know we didn’t add too much on but I really do feel like there should be more on here.
And there’s something about Stash I really just like about the app.
It’s pretty easy to use and it’s easy to set up.
I like the fact that you can do a custodial account with them and so that’s kind of the vibe of stash. Also Stock trading for dummies PDF free download you may make use of for more details.
-
RobinHood
This is gonna give you the most amount of options here.
Not only can you trade thousands of different stocks but you’re also able to trade options.
So this is something that they rolled out maybe a few months ago now but it’s a really interesting possibility.
It could bring on a little bit more risk if you don’t know what you’re doing but if you do know you’re what you’re doing you can make a pretty decent amount of money with that possibility of trading options for free.
So the keyword here is free all of this is free through RobinHood.
You can also do some day trading I think it limits you to few times per week where you can buy and sell the same within the same day but it does allow you to do that and it’s all totally free.
Now Robin Hood gold is gonna cost you a little bit of money.
This is kind of how you can buy on margin essentially where they’re gonna charge you maybe a couple of dollars a month.
Then you’ll they’ll give you sort of like a line of credit, they’ll allow you to double your investment and then they’re gonna charge you a little bit of money for that.
You can also invest in cryptocurrencies if you’re considering any of those.
That’s something that you can do through Robin Hood Bitcoin, etherium, litecoin and they’re always adding new cryptocurrencies to their list of possible investments.
Also Stock trading for dummies PDF free download you may make use of for more details.
-
M1 Investments
Now m1 finance they do offer a lot as well such as stocks, ETFs, fractional shares and they offer a lot of different possibilities.
Something else that I noticed that they do that I haven’t seen these other ones doing is offering loans to users of their app or even though their browser and so this is kind of interesting.
I’ve never taken out a loan with m1 finance but I’ve read about them and it seems quite interesting.
It says that they don’t do any hard polls on your credit, they don’t deny you from loans and their loans are pretty low rates.
So maybe I would look into it obviously.
You’re gonna be bringing on some risk when you’re taking out money.
I wouldn’t just you know take money out from n1 finance just kind of for the hell of it.
You probably want to think about that before actually acting on it but it’s something that maybe you want to consider if there’s ever a time where you need some extra money and you need to borrow some money.
I would look into m1 finance and how they set that up because I’ve never taken out loans through this company.
They also do some auto-rebalancing.
So they’ll actually rebalance your portfolio for you if there’s a certain time in the market where they think it would be best to do that.
There’s software that can automatically do that for you.
And they also have retirement accounts I think most of these actually do have retirement accounts but I just threw that in there because m1 finance looks like it has a pretty decent retirement account through their program.
Also Stock trading for dummies PDF free download you may make use of for more details.
-
Betterment
Betterman, what makes this company so much better than the others.
I think the biggest upper edge that Betterment would have over the other four apps here is the fact that they actually have licensed experts and they have financial advisors.
Then you can reach out to and you can talk to you and you can have conversations with them about your future plans.
So like I said earlier I feel like betterment is really the one that is the most professional out of all five of these different apps.
Also Stock trading for dummies PDF free download you may make use of for more details.
They really offer a lot of different opportunities in terms of long term planning and sort of this passive idea behind long term planning and that’s why they only charge you between 0.25 and .4 percent for their annual fee which isn’t too terrible.
I think once you have closer 2.4 percent that’s when you start getting into the traditional financial adviser fees which is typically what they’ll charge you for.
Final Words
I really have nothing but praise for all five of these websites which helps you to Make Money with Stocks. Also Stock trading for dummies PDF free download you may utilize.
So with this i would like wrap up this article.
All other ways of making money online here you can read.
If you have any questions regarding any of these websites, do let us know your question below in the comment box.