It’s investment time; like every year, employees will look up to you HRs for their investment and tax-saving decisions. And, why wouldn’t they. It’s a common notion that HRs would have the best advice in terms of investment and money management since they are looking after the entire company’s finance. If you are an HR and want to help your employees get their finance back on track, here’s 5 best investment apps you can suggest to them.
One might also ask, “Why apps?”
Financial apps are all the hype now because they have broken down complex financing into simple math everyone can understand. Today, one doesn’t need to get fluent in financial vocabulary to make smart investment decisions. From stock market shares to insurances, and other investment strategies, one can find a relevant app for anything.
The best thing about investment apps is:
- It prevents the sharing of important information
- Allows you to keep track of your investments easily
- Helps make changes in moments
- You can pause/start at any point in time
Yes, it’s easy to figure out investment apps when you are exploring the domain. But we list out some investment app suggestions that are influenced by disruptors of the Fintech industry. Unlike the same old list, these apps are considered at the helm and have a history of offering most guaranteed and safe returns.
Whether you are a beginner or someone well-versed in investment, these will easily help you get started.
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Here’s top 5 investment apps HRs can suggest to their workforce in 2021
Betterment
iOS Rating: ⭐⭐⭐⭐⭐ (4.8/5)
Android Rating: ⭐⭐⭐⭐ (4/5)
Users: 500,000+
Based on a Nobel Prize-winning research, Betterment offers a wide range of portfolios to build your investment roadmap. The app claims in its website that its investors could “earn 38% more money over 30 years compared with an average investor.”
A unified dashboard helps you see all your money in one place, keep track of finances, and manage taxes.
Additionally, if you are planning for the golden years after working, Betterment has a category called “Retirement” separately.
Robinhood
iOS Rating: ⭐⭐⭐⭐⭐ (4.4/5)
Android Rating: ⭐⭐⭐⭐⭐ (4.8/5)
Users: 13,000,000+
Highly trusted by users around the United States, Robinhood offers commission-free investment options that can be started with as low as $1. You can choose to spread your money across different stocks to reduce risk.
Additionally, you’ll always know real time share prices as trades placed during market hours are executed at the same time.
Got a thing for cryptocurrency? You don’t have to look outside Robinhood. The app offers a diverse portfolio of almost all cryptocurrencies, allowing you to buy or sell Bitcoin, Ethereum, Dogecoin, etc.
Webull
iOS Rating: ⭐⭐⭐⭐⭐ (4.7/5)
Android Rating: ⭐⭐⭐⭐⭐ (4.5/5)
Users: 2,000,000+
Investing in stocks doesn’t get easier than this. Webull offers a comprehensive suite of investment products – including ETFs and Cryptos.
The desktop version offers detailed, real-time share prices of different stocks, top-performing, top-losers, and other analytics to keep you alert and safe.
Wealthfront
iOS Rating: ⭐⭐⭐⭐⭐ (4.9/5)
Android Rating: ⭐⭐⭐⭐⭐ (4.6/5)
Users: 400,000+
Too busy to analyze stocks and portfolios, but still want to see your money grow? Wealthfront has you covered.
The app automates investment and helps manage your money effortlessly. Its website claims you can earn, “0.35% APY on all your everyday cash,” which is 8X the national average per FDIC.gov.
Wealthfront is a great way to build a solid foundation in investment, reduce your taxes, and enhance your credit score.
Personal Capital
iOS Rating: ⭐⭐⭐⭐⭐ (4.7/5)
Android Rating: ⭐⭐⭐⭐⭐ (4.5/5)
Users: 1,700,000+
Not a typical investment app, but a platform that brings budgeting, net worth tracking, and financial advising into one screen.
The app offers a single view for all your financial planning alongside excellent analytical tools that offer the best advice for managing your finance.