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Published Jun 14, 2022

The Seven Best Investing Apps

Nicole Lapin highlights the top seven investment apps, focusing on trusted platforms like Ally, E*Trade, Fidelity, and Vanguard, and offers strategic advice for selecting reliable tools that suit individual investing needs.
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Episode Highlights

  • Ally Benefits

    highlights Ally as a top choice for new investors due to its online banking model, which offers better interest rates by eliminating traditional bank overheads. She emphasizes the importance of choosing investment apps that are straightforward and reliable rather than flashy or gamified. Nicole advises against apps like Robinhood, suggesting that investors should prioritize substance over style when managing their finances 1.

    Your money and your investments are important. They don't have to be served in some sexy package because that sexy package is likely just smoke and mirrors.

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    Ally's intuitive interface makes it a practical choice for those starting their investment journey.

       

    Etrade Features

    Etrade stands out for its user-friendly design and comprehensive features, making it ideal for beginners. appreciates its breaking news functionality and live Bloomberg video streaming, which keep investors informed and engaged. The app also offers professionally built portfolios, providing a valuable reference for those constructing their first portfolio 2.

    The app is easy to use and the breaking news functionality as well as streaming live Bloomberg video is nice to have.

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    These features make Etrade a solid choice for those seeking a robust yet accessible investing platform.

       

    Fidelity Overview

    Fidelity's app is praised for its versatility, serving as a central hub for financial planning. notes that it allows users to trade, monitor markets, and access research, while also tracking workplace benefits like HSAs and 401(k)s through its NetBenefits app. This makes Fidelity a comprehensive tool for managing various aspects of one's financial life 2.

    Fidelity is one of the most trusted names in investing and the Fidelity app allows you to do anything any other brokerage app does.

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    Its reputation and functionality make it a reliable choice for investors looking for an all-in-one solution.

       

    Vanguard Praises

    Vanguard earns high praise from for its straightforward, no-nonsense approach to investing. She highlights its research reports, which are accessible and devoid of jargon, making them useful for both novice and seasoned investors. Nicole also mentions that Warren Buffet endorses Vanguard for its low-cost S&P 500 index funds, underscoring its credibility and appeal to prudent investors 2.

    Vanguard is a gold standard in the investing world. Its app is straightforward and no nonsense.

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    This simplicity and focus on value make Vanguard a preferred choice for those seeking reliable investment options.

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