Hey Cometa. Yes, they will require your SSN when signing up. But this is standard across US investment brokerage accounts for tax and verification purposes 👍
As someone totally green to this and just looking to get started (with all the fears and confusion that comes with) I find your videos to be the most simply put, clear and to the point. You have a new subscriber.
@@laurab257 i let them takes 25 dollars out of my weekly paycheck which don't hurt me at all..lets hope if they still around after 20 or 25 years you will see the differences
So far, I am having them take out smaller amounts while I pay off the last of my debt and work on increasing my income. Yes, I have seen a small profit. I assume that if I could contribute more that I would see greater profit. I allow them to invest spare change and a small amount each month. I started a "Later" account as well. I opted for their moderate option. Acorns does choose your stocks for you...which is nice until I feel ready to choose my own. In the future, I plan to branch out. This is a good place to start if you know very little about the stock market...while you learn...and if you have limited money to invest. I recommend it!
I really enjoyed this video. As a beginner I've watched several different people explain all types of things for the beginner but they never seem to get around to just telling me which app to use. That's the real "start" or "begin" and they just seem to skip right by that. You nailed it. Thanks for everything. I became a subscriber.
I’m 14 and spend most of my time playing games. Especially these days, so my dad one day told me to make money online by investing and that he will help me
I really like the tone of your videos Erik. Most financial advisors and "experts" sound like they're yelling. The idea of investments and retirement are confusing/daunting as it is. Thank you!
May I suggest having the name of the app you are talking about continuously shown in the video? Some viewers may want to skip to different time frame of the video and would be nice to see which app is being talked about.
The more best stock apps I watch the more I am confused. I have investments in Edward Jones. I watch my stock and if a particular stock does nothing for several months I'm ready to sell and find something els, but EJ charges like $50 to sell and $50 to buy. My last simply transaction with EJ costed me $150 in fees. I just want to bounce my investments around even few months if they are stagnate. I never done online trading before so I am a beginner. Which app do you think is best for me?
This is quite unfortunate for me. Turns out that stash app is only availble for US cetizen.😔. Can you suggest an online investing that good for passive investor outside US?? I'm from the phillipines.. thank you.😁
I’ll use acorns. Currently 14 and my dad wants me to start investing so I can have money in the future. Choosing acorns because it looks great. As I learn I’ll see what it do.
Dude! I’m a power you tuber! I watch UA-cam for everything. I’ve said for years you can learn how to be a brain surgeon on UA-cam. I average between 5 and 10 hours per day to both learn and enjoy. With that said I almost never give a video a thumbs up unless it’s stellar! You definitely hit that mark! What I liked most was I never once felt that you were trying to sell a particular platform. You simply gave the best information for almost every app available. This gave me exactly the information that I needed as a new trader/investor! Now I know my pick is based on best knowledge rather than someone trying to sell a particular platform or app. Thanks!!!
I am beginner, but I know basic things, but I would like to study first of all from seminars, books, YT videos or from another place during recession. where should I get start studying investments? thanks.
Hi. I am a new investor and im curious to know if the money i have earned from Acorns can i transfer them back into my debit card? Second is that acorn will automatically do the buy n sell of stocks for me is it?
Hey Darren. Yes, Acorns will automatically invest any money you deposit into your chosen Acorns investment portfolio. But they will not sell for you. Investing is most effective over the long term, but with that being said, you can sell and withdraw back to your linked bank account at anytime if needed 👍
Hi, your videos are great. What kind of investment application do you recommend for people living in Nigeria? For active and passive investment. This is my third day of learning about stock trading. Thanks pro.
Hey! Great video btw! Just planning on starting to invest. Are these apps useful for European citizens? (Portugal to be exact) Do they work the same? Or are there better options for us? Thanks and keep up the good work!
Hey Adrian. You can close out your account on any of these apps at anytime without penalty. The only exception would be if you opened a retirement account with one of these apps. Retirement accounts have penalties for withdrawing from them before retirement age. But none of these apps charge a fee to withdraw to your bank and/or to close out your account. However, they may charge a transfer fee if you ever wish to directly transfer your stocks to another investment brokerage without selling them. Hope this helps 👍
Hey Eric thanks for the video it was great ! and I am motivated to really start investing seriously. Would you recommend using 1 bank account for all 3 apps? Or separate accounts for each ? For the visa debit card 💳
He probably invested more than he had only invest with money you already had . With money u don't have for example from a loan or postpaid methods and u will be good
It was a weird bug that made it look like he was 700k in debt, if he had calmed down waited for them to fix it he would have realized he was actually like 17k in the positive
Thank you good sir! This is very informative. Im in the military but as well want to learn how to invest especially for my daughter on the way!!! Im more of a invest and wait person, so would these apps be better than Robinhood? I have a Robinhood account, invested $300 and making $150 profit, what would you recommend? Thank you for the response
Hi thanks for this valuable information. I’m a beginner and plans to invest here in Singapore. Please suggest/recommend a best app for beginners to use here in Singapore. Thank you so much for your time. 🙂
I had a question. Let’s say I have 500$ in robinhood or a broker that’s free. Let’s say I buy a Facebook share and sell it for a prophet of 5$ would that 5$ go into my bank account or does it just go back to the account. Also when is drip and fractional shares and the 1.3% interest rate. For the 1.3 interest thing would I get it every year or month?
Hey Sid. In that scenario, if you sold your stock for $505, that entire amount would go into your Robinhood cash management account. It would be labeled as "buying power." This means you can use those funds to re-buy new stocks or to withdraw to your bank account. As for DRIP and fractional shares, those features are coming to Robinhood but are not there yet. There is a waiting list, but there is no ETA. And the interest rate Robinhood offers on uninvested cash is yearly. However, that rate is not fixed at 1.3%. The interest rate with the Robinhood cash management account is variable, meaning their interest rate will fluctuate as the federal interest rate fluctuates.
Unfortunately, I haven't tried Fidelity yet. I know they no longer charge any commissions or fees to buy or sell stocks and I also believe they are adding the ability to invest in fractional shares. So I do believe they can also be a good option for investors as well. I hope to test Fidelity out this year so I can better compare it to other apps 👍
Sorry, but these apps are currently only available in the US. If you are outside the US, I would recommend searching in your phone's local app store for "investment brokerage" and hopefully there will be a good alternative 👍
I’m VERY new to investing and after watching this video (recommended by my husband) I am considering Stash. What other videos would you recommend that I watch? What subjects should I research? Thank you!
Hey Felice. Stash is definitely a good choice for new investors. If you'd like to learn more about it I have a more full in-depth Stash app review video here: ua-cam.com/video/Jd3ZYtdp1_M/v-deo.html In terms of subjects to research, Stash also has many helpful articles covering investing topics for beginners inside the app as well 👍
If i buy let's say stocks for $1000 and those stocks rise 2% - will i be able to immediately sell and cash in? Or do you first have to find a buyer? And will i have to pay a fee?
Hey Kate, that's a great question. Right now the stock market is very volatile due to the global pandemic going on. It will eventually resolve, but no one knows when. So in the meantime, the stock market definitely has more volatile times ahead for the time being. With that being said, it can be a good time to start investing if you are investing for the long term. I like the approach of dollar cost averaging, where you invest a consistent amount on a consistent basis, regardless of if the market is up or down. This way you invest when the markets down (for a good deal) and you also avoid over investing when the market's at a high. You get the best of both worlds without ever having to worry about timing the market.
The only exception where this isn't recommended is if you plan on needing your investment money to fund a major purchase in the near term. Those funds shouldn't be invested in the stock market. Those funds are still best in a savings account at your bank. Just keep in mind that investing is always best for the long term. In the short term, the stock market may fluctuate up or down but over the long term the stock market has a history of increasing in value. If you're investing for the long term, your investments can weather any short term downturns in the stock market (like right now) 👍
YO ERIC , DO YOU RECOMMEND USING THE SAME BANK ACCOUNT FOR ALL 3 APPS ? ALSO IS IT POSSIBLE TO USE WHILE LIVING OVERSEAS? I'M AMERICAN CITIZEN LIVING IN JAPAN . THANK YOU SO MUCH IN ADVANCE I used caps lock so you could see my message lol
Yes. For practicing trading with virtual money I recommend the Webull app. Here is a video review I made on Webull: ua-cam.com/video/ceO8JX6RBe0/v-deo.html It is one of the only investing apps I know of that also lets you practice trading with paper money 👍
Can these apps be used in Middle East? Also is it necessary to have their cards to do all the transactions? Debit cards of your local country (Middle East) can be used?
Sorry, but these 3 apps are only available in the US at this time. Some investing platforms I've heard of that are available in the UK / Europe region are: Revolut, Degiro, Trading 212, Free Trade, and Ninety Nine. They might be some alternatives worth looking into for UK / European citizens 👍
Great video and very informative. I truly need your guidance here. Couldn’t find acorn in my local iOS store. What app would you recommend for someone in Saudi Arabia for long term investing?
Hi there. I am sorry, but all these apps are currently only available in the US. If you are outside the US, I would recommend searching in your phone's local app store for "investment brokerage" and hopefully there will be a good alternative 👍
I am from Australia and I only have Aus bank accounts in use but I am living in Spain. What do you think the best option would be or app to use? Great video also!
Yes, Acorns is also available in Australia! The Australian version is just under a different name, called "Raiz Invest." Also, if you have citizenship in Spain, some investing platforms I've heard of that exist in Europe are: Revolut, Degiro, Trading 212, Free Trade, and Ninety Nine. They might be some alternatives worth looking into for Spain/European citizens. 👍
I use both personally. I use M1 Finance for my Roth IRA (retirement account) and I use Webull as more of a shorter term trading account. M1's features are better suited for passive investing and Webull's features are more targeted towards shorter-term trading. Both are great options it just depends what you are looking to do 👍
So is Acorn is just like a 403B with mutual funds? Acorn is just like my 403B through my job retirement agency it just you get more things to put your money in besides mutual funds
Similar, yes. But there core investing account is an individual investing account that is taxable (unlike your 403b). However, they do also allow you open a tax-advantaged IRA if desired 👍
I really like public app but they don’t allow unlimited day trading.. Webull and Robinhood is complications too many features for beginners if any suggestions please let me know with basic day trading
Hello sir i am a beginner, for the first time i am learning about the stock market . can you please suggest me a good app to use inside the europe or in Portugal. And thank you so much your videos are very helpful.
Hey there. Some investing platforms I've heard of that exist in Europe are: Revolut, Degiro, Trading 212, Free Trade, and Ninety Nine. They might be some alternatives worth looking into for European citizens 👍
Hello Eric. Am Evans. I would like to know if these app are used for African countries or not or is it recommended in USA and other European countries.
I watched both videos. I am brand new and I know I want to invest, however which of the investment app or trading apps is good for me if I eventually want to do more frequent trading as well?
Hey Chris. There's nothing wrong with using multiple investing apps. You can always start with one and later add on another. For instance, maybe you want to use an app such as Acorns or Stash to invest more passively and build a more diversified portfolio of investments as you learn about the stock market. Then maybe later on you may want to add on a stock trading app such as Robinood or Webull to begin trading stocks more actively. This way you can have the best of both worlds 👍
@@EverydayInvesting done. went with M1 and Webull, thanks for the rec's. Any help with best website to search for trading news/advice? or best site to find balance sheets or chart analysis?
Nice! Both M1 Finance and Webull will have articles and news on every stock. Webull will especially have more in-depth data and charts. If you want to supplement these apps with more research, some great resources I would recommend would be CNBC and Yahoo Finance (Free), The Motley Fool (mostly free), or Morningstar and TheStreet (Mostly Paid/ Partly Free) 👍
Hey Tae. You really can't go wrong with any of them, it just comes down to personal preference. I would say Acorns and Stash offer more built in educational resources, a more user-friendly app mobile app, and more investing automation tools. Between those two, I might give the slight edge to Acorns for new investors because it simpler to get started. However, Stash does offer you more customization of your portfolio. But both are excellent investing apps for new investors. If you're still unsure which is the best option for you, I'd recommend you watch any of my individual app review videos below to help you make the best choice for you 👍 - Acorns App Review: ua-cam.com/video/xELC_EUr_n8/v-deo.html - Stash App Review: ua-cam.com/video/Jd3ZYtdp1_M/v-deo.html - M1 Finance App Review: ua-cam.com/video/-eUZBGQJfZI/v-deo.html
Hey Eric. If you want to invest in Tesla stock specifically, you would want to choose between Stash and M1 Finance. Between these 3 apps, Stash and M1 Finance are the two that allow you to invest in Tesla stock, along with thousands of other companies 👍
Not with these 3 apps. For investing in cryptocurrency I would recommend checking out my review of the Crypto .com app here: ua-cam.com/video/iwpsiPtuSRY/v-deo.html
I'm sorry, but none of these apps are available in Canada at this time. One investing app I've heard of that is available in Canada is called Wealthsimple. Unfortunately, I don't have any experience with it as I am located in the US. But it may be an alternative worth checking out for Canadian citizens 👍
Hey Michaelis. I only recently became aware that Cash app now offers the ability to invest in stocks as well. So I'll plan to test it out and make a review on it in a future video. But in the meantime, I would probably say the Cash app won't offer as many investing automation tools as these other apps do. At least not yet, as they've only just recently launched the ability to invest in stocks.
@@EverydayInvesting thanks so much for a speedy response. I just found your channel and subscribed last night. Looking forward to more of your content!
(@4:10) you discuss fee. I see where an individual below asked you to discuss the fees... what do you mean exactly by fee? Once you invest so you have to pay a fee?
So when it comes to fees, I am referring to the monthly subscription each app offers. None of these apps charge a fee for buying or selling stocks. However, they do offer monthly subscriptions that offer access to different features. For instance, Acorns has different subscription levels with plans starting as low as $1/month and Stash also has different subscription levels with plans starting as low as $1/month. M1 Finance has a free subscription level but they also offer an upgraded account option as well 👍
what is the difference between being actively invested & just hanging onto your stock to build portfolio and gain more money? Honestly I am new to this. I’ve watched a few of your videos along with paying attention to other beginners questions and concerns. So far I am interested in Akron’s app since u did say it is good for beginners. If basically does the work for you once u invest. I don’t understand the purpose of having a card with the company? Why so? Is that how you receive the money from your investment?
Hey there. I like to think of actively trading stocks as a more short term approach where you are researching stocks, company news, and studying stock price charts to try to make profits in the near term. This approach can work but will require a lot more time and involvement on your part. On the other hand, I like to think of passive investing as more of a long term approach where you invest in companies you believe will continue to grow over the long run. As a result, your investments can grow in value over time as the stocks you invest in grow in value as well. I am a long term investor myself. With Acorns you choose the portfolio that best suits your investing goals, such as a more conservative portfolio for a shorter term investing horizon or a more aggressive portfolio for a longer term investing horizon. The Acorns debit card is actually separate from their investing account. Their debit card is linked to your Acorns mobile banking account (this account is optional) 👍
No problem! When it comes to the debit card I would say it depends. If you are an Acorns user looking for a mobile banking account, and you are already using their investment account, it can be helpful to have both of your accounts together under one dashboard. Their mobile banking account and debit card have some nice features that go well with the investment account. Another factor to consider is pricing. Acorns has subscriptions starting as low as $1 per month for just the investment account, however in order to also get the debit card you will need to be on their $3 per month subscription (this includes the investment account + a retirement account + the mobile checking account).
Hello. What app would you recommend for long term investment (6 months-2yrs)? Also, what stocks is good to invest for beginners (Disney, Wal-mart, Visa, Exxon...et)? And would you recommend to buy 3-5 stocks in different companies to make better profit? Also, what company is great to invest that has dividend? Btw, great stock info.
Hi there. Any of these 3 apps would be a great choice for that investing timeline. It just comes down to personal preference and which features you like best. M1 Finance gives you the most control over investing in individual stocks. Whereas, Acorns and Stash offer more investing automation features overall.
For new investors I wouldn't encourage investing in too many individual stocks right off the bat, as it can get a little overwhelming following all the different companies. I do like to recommend considering ETFs (exchange traded funds). Essentially, an ETF is a basket of related stocks grouped together in one investment. ETFs are often composed of individual stocks related by a specific sector of the market. ETFs can be an easy way to diversify your investment portfolio and may help reduce risk rather than investing solely in individual stocks. The most popular and well known type of ETF is the S&P 500 ETF. There are a few S&P 500 ETFs, such as SPY, VOO, and IVV. These S&P 500 ETFs are often composed of over 500 of the largest US companies. In addition to stocks, both Stash and Acorns offer access to ETFs , whereas Acorns only offers ETFs. Another great thing with ETFs is that you can also invest in ETFs by market sectors as well, such as ETFs composed of Technology companies, Retail companies, etc. 👍
Hi, which app do you recommend for users who are living away from the US. Currently I live in Egypt. Also, what is the average ROI i can get for 6 month investment. Thank you,
Hi Mohamed. I'm sorry but these apps are currently only available in the US at this time. I would suggest searching in your phone's local app store for "investing apps" and hopefully there will be some good alternatives 👍
How much your investments can make over time will depend on number of factors such as how consistently you invest, the investments you choose, how those investments (companies) perform over your given time frame, and for how long you invest. But please keep in mind that investing is always best for the long term. In the short term, the stock market can fluctuate up or down but over the long term the stock market has a history of increasing in value 👍
Hey there. Yes, unfortunately these apps are only available in the US at this time. Hopefully one day they will expand to more countries. In the meantime, I would recommend searching in your phone's local app store for "investing apps" or "investing brokerage." Hopefully there is a good alternative 👍
Hi, I'm wondering what the best app would be for global investing? I was going to use sharesies nz but I don't have nz passport and will possibly be leaving nz soon. What app is best for someone traveling/global investments? Thanks.
Hi there. I am sorry, but all of these apps are currently only available in the US. Unfortunately, I am not aware of any stock market investing apps that offer global access. If you are looking for a region specific platform, I would suggest searching in your phone's local app store for "investment brokerage" and hopefully there will be a good alternative 👍
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Hi, I noticed that you did a few videos on Gemini. Did they require your SSN to register? Thanks
Hey Cometa. Yes, they will require your SSN when signing up. But this is standard across US investment brokerage accounts for tax and verification purposes 👍
@@EverydayInvesting Thank you.
What would you say about 'fantasy invest'??
Is there an investment app that doesn't require a bank
As someone totally green to this and just looking to get started (with all the fears and confusion that comes with) I find your videos to be the most simply put, clear and to the point. You have a new subscriber.
Thank you, I appreciate it! 👍
Are we suppose to pay these app every month just to stay connected with investments?
Re watching...I need to make a decision this week. I would rather start and then as I learn, make changes...💯...thanks!
Awesome! I hope you'll find the best one for you 👍
@@EverydayInvesting I started with Acorns! Thank you! I like it because it is a start while I have no idea what I am doing! 🥴💙
@@laurab257 Mind updating us on how things are going? Did you profit overall? Did you stay with acorn? How is acorn?
@@laurab257 i let them takes 25 dollars out of my weekly paycheck which don't hurt me at all..lets hope if they still around after 20 or 25 years you will see the differences
So far, I am having them take out smaller amounts while I pay off the last of my debt and work on increasing my income. Yes, I have seen a small profit. I assume that if I could contribute more that I would see greater profit. I allow them to invest spare change and a small amount each month. I started a "Later" account as well. I opted for their moderate option. Acorns does choose your stocks for you...which is nice until I feel ready to choose my own. In the future, I plan to branch out. This is a good place to start if you know very little about the stock market...while you learn...and if you have limited money to invest. I recommend it!
Thank you for this! I am brand new to investing and excited to learn.
Thanks Axel! I'm glad it was helpful 👍
Bitcoin is the most profitable investment online if only you trade with a professional broker
Hi
I really enjoyed this video. As a beginner I've watched several different people explain all types of things for the beginner but they never seem to get around to just telling me which app to use. That's the real "start" or "begin" and they just seem to skip right by that. You nailed it. Thanks for everything. I became a subscriber.
Your channel is blowing up for a reason bro! Good stuff. Thank you!
Thanks Ryan, I appreciate the support! 👍
I’m 14 and spend most of my time playing games. Especially these days, so my dad one day told me to make money online by investing and that he will help me
Cn you help me?
What should I use?
@@official_jeshua acorn is probably the best
@@yokosukashareef7413 real men use hard cash
@@neptunianman 🤣. No way I ain’t spending my whole life to work for a dollar every hour 😭
Only in the USA. All these UA-cam videos should have a sign saying these app are only available in the USA only.
Based on the thumbnail I thought this was Matthew Santoro lmao 😂
I've made it 😂👍
that's what I was gonna say
I really like the tone of your videos Erik. Most financial advisors and "experts" sound like they're yelling. The idea of investments and retirement are confusing/daunting as it is. Thank you!
Thanks Esther, I'm glad to hear I could help you! 👍
May I suggest having the name of the app you are talking about continuously shown in the video? Some viewers may want to skip to different time frame of the video and would be nice to see which app is being talked about.
The more best stock apps I watch the more I am confused. I have investments in Edward Jones. I watch my stock and if a particular stock does nothing for several months I'm ready to sell and find something els, but EJ charges like $50 to sell and $50 to buy. My last simply transaction with EJ costed me $150 in fees. I just want to bounce my investments around even few months if they are stagnate. I never done online trading before so I am a beginner. Which app do you think is best for me?
This is quite unfortunate for me. Turns out that stash app is only availble for US cetizen.😔. Can you suggest an online investing that good for passive investor outside US?? I'm from the phillipines.. thank you.😁
During this pandemic crisis, and as a beginner is this the best time to invest in "gold?"
I’ll use acorns. Currently 14 and my dad wants me to start investing so I can have money in the future. Choosing acorns because it looks great. As I learn I’ll see what it do.
Thank you so much for this. I AM a pharmacist and have no idea about stocks exchange. This is very helpful and informative. THANK YOU
Dude! I’m a power you tuber! I watch UA-cam for everything. I’ve said for years you can learn how to be a brain surgeon on UA-cam. I average between 5 and 10 hours per day to both learn and enjoy.
With that said I almost never give a video a thumbs up unless it’s stellar!
You definitely hit that mark! What I liked most was I never once felt that you were trying to sell a particular platform. You simply gave the best information for almost every app available. This gave me exactly the information that I needed as a new trader/investor! Now I know my pick is based on best knowledge rather than someone trying to sell a particular platform or app.
Thanks!!!
i just turned 13 and i plan to start investing soon
U know what u invest in?
@@assassin7250 nah idk how to do any investmenst and that dream has kinda shaded away for me
@@vexile2963 But my bro just told me it’s not worth investing if you don’t know what you’re investing in. I’m so clueless lol
Get into it little man! Learn all you can. Learn Learn Learn & keep that fire up. Also keep on insisting on help from close family
@@nashhinga yea i'll try. right now im just learning editing and coding but i'll try to learn investing soon if i understand anything of it
I am beginner, but I know basic things, but I would like to study first of all from seminars, books, YT videos or from another place during recession. where should I get start studying investments? thanks.
Hi. I am a new investor and im curious to know if the money i have earned from Acorns can i transfer them back into my debit card? Second is that acorn will automatically do the buy n sell of stocks for me is it?
Hey Darren. Yes, Acorns will automatically invest any money you deposit into your chosen Acorns investment portfolio. But they will not sell for you. Investing is most effective over the long term, but with that being said, you can sell and withdraw back to your linked bank account at anytime if needed 👍
@@EverydayInvesting Alright. Thankiew so much 😊 Really appreciate it
Hi, your videos are great. What kind of investment application do you recommend for people living in Nigeria?
For active and passive investment. This is my third day of learning about stock trading.
Thanks pro.
Everytime i play a game on it, it says "something went wrong. Why is it like that
Hey!
Great video btw!
Just planning on starting to invest.
Are these apps useful for European citizens? (Portugal to be exact)
Do they work the same?
Or are there better options for us?
Thanks and keep up the good work!
Can you use stash and m1 at the same time?
What about "closing account" or "partial pull out" fees for each? That would be helpful.
Hey Adrian. You can close out your account on any of these apps at anytime without penalty. The only exception would be if you opened a retirement account with one of these apps. Retirement accounts have penalties for withdrawing from them before retirement age.
But none of these apps charge a fee to withdraw to your bank and/or to close out your account. However, they may charge a transfer fee if you ever wish to directly transfer your stocks to another investment brokerage without selling them. Hope this helps 👍
I cant find acorns in the UK. What do you recommend for us? Thanks
Wonderful thank you so much!! Appreciate it.
Thanks, I'm glad it was helpful! 👍
Hey Eric thanks for the video it was great ! and I am motivated to really start investing seriously. Would you recommend using 1 bank account for all 3 apps? Or separate accounts for each ? For the visa debit card 💳
I am scared now after that 20 years old dude who committed suicide after losing more than 700 k in debt
that's a good reason to get a financial advisor help you
Bitcoin is the most profitable investment online if only you trade with a professional broker
He probably invested more than he had only invest with money you already had . With money u don't have for example from a loan or postpaid methods and u will be good
It was a weird bug that made it look like he was 700k in debt, if he had calmed down waited for them to fix it he would have realized he was actually like 17k in the positive
Start taking risks bro
None of these are available where I live
Thank you good sir! This is very informative. Im in the military but as well want to learn how to invest especially for my daughter on the way!!! Im more of a invest and wait person, so would these apps be better than Robinhood? I have a Robinhood account, invested $300 and making $150 profit, what would you recommend? Thank you for the response
Which one's are international investors
Can i use a different currency is it still the same bugget or different like in malaysia 50 us scents is 2 dollors
What’s the typical fee per £1 please
I live in COUNTRY Georgia can I use my Mastercard to cash out?
Thank you for this video. I want to know if I can buy the stock at real price and not from another broker?
Hi thanks for this valuable information. I’m a beginner and plans to invest here in Singapore. Please suggest/recommend a best app for beginners to use here in Singapore. Thank you so much for your time. 🙂
I had a question. Let’s say I have 500$ in robinhood or a broker that’s free. Let’s say I buy a Facebook share and sell it for a prophet of 5$ would that 5$ go into my bank account or does it just go back to the account. Also when is drip and fractional shares and the 1.3% interest rate. For the 1.3 interest thing would I get it every year or month?
Im not understanding that either
Hey Sid. In that scenario, if you sold your stock for $505, that entire amount would go into your Robinhood cash management account. It would be labeled as "buying power." This means you can use those funds to re-buy new stocks or to withdraw to your bank account.
As for DRIP and fractional shares, those features are coming to Robinhood but are not there yet. There is a waiting list, but there is no ETA. And the interest rate Robinhood offers on uninvested cash is yearly. However, that rate is not fixed at 1.3%. The interest rate with the Robinhood cash management account is variable, meaning their interest rate will fluctuate as the federal interest rate fluctuates.
Everyday Investing thansk
Which of the 3 is an individual broker?
I need personal help with investment it looks so different
Are all apps shown here, fit for US sitizetns only?
Hi, I am completely new in investing, but I am living in Australia. Which app will you recommend for me in Australia as a complete beginner. Thanks
What about for iPad ? Favorite app to use?
The robinhood app will not update. Been having trouble with this for last 30 days.
Where do you download the apps
which one is international?
What you think about fidelity?
Unfortunately, I haven't tried Fidelity yet. I know they no longer charge any commissions or fees to buy or sell stocks and I also believe they are adding the ability to invest in fractional shares. So I do believe they can also be a good option for investors as well. I hope to test Fidelity out this year so I can better compare it to other apps 👍
Everyday Investing alright thanks for the feedback
Amazing video thank you
Do I trust acorns with my ssn?
Question, being that I am from the Caribbean. How would I be able to use these apps in terms of bank accounts?
Sorry, but these apps are currently only available in the US. If you are outside the US, I would recommend searching in your phone's local app store for "investment brokerage" and hopefully there will be a good alternative 👍
Depends on the island that you are from, if it's a US territory then Acorns and Stash is available there.
@@jellyg.8961 unfortunately we're British territory
I’m VERY new to investing and after watching this video (recommended by my husband) I am considering Stash. What other videos would you recommend that I watch? What subjects should I research? Thank you!
Hey Felice. Stash is definitely a good choice for new investors. If you'd like to learn more about it I have a more full in-depth Stash app review video here: ua-cam.com/video/Jd3ZYtdp1_M/v-deo.html
In terms of subjects to research, Stash also has many helpful articles covering investing topics for beginners inside the app as well 👍
I wish you would mention the fees of the these services when you go over Cons.
Hi there. I do discuss each app's fees at 4:10 (Acorns), 8:29 (Stash), and 12:58 (M1 Finance) 👍
Bruh ur slow😂
@@tmoney5036 Good one nerd
If i buy let's say stocks for $1000 and those stocks rise 2% - will i be able to immediately sell and cash in? Or do you first have to find a buyer? And will i have to pay a fee?
Is Stash for US only?
Great video! Thank you for all the valuable information
Are you making money now?
Share
Hi
But I can't find all the apps he mentioned
Do you recommend start using one of these apps at this time?? when the stock market is not doing well? I’m totally NEW to this. Thank you!
Hey Kate, that's a great question. Right now the stock market is very volatile due to the global pandemic going on. It will eventually resolve, but no one knows when. So in the meantime, the stock market definitely has more volatile times ahead for the time being. With that being said, it can be a good time to start investing if you are investing for the long term.
I like the approach of dollar cost averaging, where you invest a consistent amount on a consistent basis, regardless of if the market is up or down. This way you invest when the markets down (for a good deal) and you also avoid over investing when the market's at a high. You get the best of both worlds without ever having to worry about timing the market.
The only exception where this isn't recommended is if you plan on needing your investment money to fund a major purchase in the near term. Those funds shouldn't be invested in the stock market. Those funds are still best in a savings account at your bank.
Just keep in mind that investing is always best for the long term. In the short term, the stock market may fluctuate up or down but over the long term the stock market has a history of increasing in value. If you're investing for the long term, your investments can weather any short term downturns in the stock market (like right now) 👍
Everyday Investing you just dropped some serious knowledge, thank you!
YO ERIC , DO YOU RECOMMEND USING THE SAME BANK ACCOUNT FOR ALL 3 APPS ? ALSO IS IT POSSIBLE TO USE WHILE LIVING OVERSEAS? I'M AMERICAN CITIZEN LIVING IN JAPAN . THANK YOU SO MUCH IN ADVANCE
I used caps lock so you could see my message lol
is there a app i can use fake money like demo to learn to trade well
Yes. For practicing trading with virtual money I recommend the Webull app. Here is a video review I made on Webull: ua-cam.com/video/ceO8JX6RBe0/v-deo.html
It is one of the only investing apps I know of that also lets you practice trading with paper money 👍
Yes search stock market stimulator on play store
Trading 212 does it
Ameritrade has a demo that can help you learn about investing but eventually it costs money
Can these apps be used in Middle East? Also is it necessary to have their cards to do all the transactions? Debit cards of your local country (Middle East) can be used?
Can you pick your own portolio on accorns are is it just them that picks it and is all these 3 apps for uk please
Sorry, but these 3 apps are only available in the US at this time. Some investing platforms I've heard of that are available in the UK / Europe region are: Revolut, Degiro, Trading 212, Free Trade, and Ninety Nine. They might be some alternatives worth looking into for UK / European citizens 👍
Great video and very informative. I truly need your guidance here. Couldn’t find acorn in my local iOS store. What app would you recommend for someone in Saudi Arabia for long term investing?
Hi there. I am sorry, but all these apps are currently only available in the US. If you are outside the US, I would recommend searching in your phone's local app store for "investment brokerage" and hopefully there will be a good alternative 👍
All 3 app can buy and sell Crypto currencies and transfer to Bank account? Thanks
Stocks are good but i swapped and invested in forex, Bitcoin and other Cryptocurrency. I have been making good profits.
Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise
Am from Nigeria. I like you videos. What beginner investment app would you recommend for me?
that is what this video is about..lol
I am from Australia and I only have Aus bank accounts in use but I am living in Spain. What do you think the best option would be or app to use?
Great video also!
Yes, Acorns is also available in Australia! The Australian version is just under a different name, called "Raiz Invest." Also, if you have citizenship in Spain, some investing platforms I've heard of that exist in Europe are: Revolut, Degiro, Trading 212, Free Trade, and Ninety Nine. They might be some alternatives worth looking into for Spain/European citizens. 👍
There're these 3 for Australia investors 1. Self wealth 2. Commsec Pocket 3. Stake
can be used in middle east?
I can't find any of these apps on Google play store :/ maybe because I'm from England ?
The big question if someone that's get money from social security well it effect them in the near future??????
Do you prefer m1 finance app or webull app?
I use both personally. I use M1 Finance for my Roth IRA (retirement account) and I use Webull as more of a shorter term trading account.
M1's features are better suited for passive investing and Webull's features are more targeted towards shorter-term trading. Both are great options it just depends what you are looking to do 👍
Is their any international investment
Which one can I buy international stock ?
Hmmm, I don't believe international stocks are available on these apps. You can invest in international ETFs on all of them though.
Unfortunately non of the abovementioned apps are available in my country (Belgium)
So is Acorn is just like a 403B with mutual funds? Acorn is just like my 403B through my job retirement agency it just you get more things to put your money in besides mutual funds
Similar, yes. But there core investing account is an individual investing account that is taxable (unlike your 403b). However, they do also allow you open a tax-advantaged IRA if desired 👍
Do these apps work in Trinidad West Indies
No investment apps you recommend for people in South Africa 🇿🇦?
I really like public app but they don’t allow unlimited day trading.. Webull and Robinhood is complications too many features for beginners if any suggestions please let me know with basic day trading
Hello sir i am a beginner, for the first time i am learning about the stock market . can you please suggest me a good app to use inside the europe or in Portugal. And thank you so much your videos are very helpful.
Hey there. Some investing platforms I've heard of that exist in Europe are: Revolut, Degiro, Trading 212, Free Trade, and Ninety Nine. They might be some alternatives worth looking into for European citizens 👍
Hello Eric. Am Evans. I would like to know if these app are used for African countries or not or is it recommended in USA and other European countries.
I watched both videos. I am brand new and I know I want to invest, however which of the investment app or trading apps is good for me if I eventually want to do more frequent trading as well?
Hey Chris. There's nothing wrong with using multiple investing apps. You can always start with one and later add on another. For instance, maybe you want to use an app such as Acorns or Stash to invest more passively and build a more diversified portfolio of investments as you learn about the stock market. Then maybe later on you may want to add on a stock trading app such as Robinood or Webull to begin trading stocks more actively. This way you can have the best of both worlds 👍
@@EverydayInvesting done. went with M1 and Webull, thanks for the rec's. Any help with best website to search for trading news/advice? or best site to find balance sheets or chart analysis?
Nice! Both M1 Finance and Webull will have articles and news on every stock. Webull will especially have more in-depth data and charts. If you want to supplement these apps with more research, some great resources I would recommend would be CNBC and Yahoo Finance (Free), The Motley Fool (mostly free), or Morningstar and TheStreet (Mostly Paid/ Partly Free) 👍
Which one of the 3 would you recommend for beginners
Hey Tae. You really can't go wrong with any of them, it just comes down to personal preference. I would say Acorns and Stash offer more built in educational resources, a more user-friendly app mobile app, and more investing automation tools. Between those two, I might give the slight edge to Acorns for new investors because it simpler to get started. However, Stash does offer you more customization of your portfolio.
But both are excellent investing apps for new investors. If you're still unsure which is the best option for you, I'd recommend you watch any of my individual app review videos below to help you make the best choice for you 👍
- Acorns App Review: ua-cam.com/video/xELC_EUr_n8/v-deo.html
- Stash App Review: ua-cam.com/video/Jd3ZYtdp1_M/v-deo.html
- M1 Finance App Review: ua-cam.com/video/-eUZBGQJfZI/v-deo.html
Are these international or are they just based on U.S ?????
Is it possible to just make them send the money to my normal bank account?
For stash
Yes it is. You can choose to send everything to your external bank account if desired. Stash's mobile banking account is completely optional 👍
I'm trying to invest in Tesla, what app should I use?
Hey Eric. If you want to invest in Tesla stock specifically, you would want to choose between Stash and M1 Finance. Between these 3 apps, Stash and M1 Finance are the two that allow you to invest in Tesla stock, along with thousands of other companies 👍
@@EverydayInvesting thank you
@@ghettocrypto3080 Robinhood
Have you ever considered that the apps don't work in other countries outside the U.S.
Can I invest in crypto currency with these tho....
Not with these 3 apps. For investing in cryptocurrency I would recommend checking out my review of the Crypto .com app here: ua-cam.com/video/iwpsiPtuSRY/v-deo.html
@@EverydayInvesting thanks
Can find acorns app in app store ? Im beginners want to learn how to invest. Any app that you can recommend for me.
Im from Singapore. Hoping for you reply
Non are available in Canada what do I do?
I'm sorry, but none of these apps are available in Canada at this time. One investing app I've heard of that is available in Canada is called Wealthsimple. Unfortunately, I don't have any experience with it as I am located in the US. But it may be an alternative worth checking out for Canadian citizens 👍
move
Sorry for being late, but thoughts on Cashapp's investing features?
Hey Michaelis. I only recently became aware that Cash app now offers the ability to invest in stocks as well. So I'll plan to test it out and make a review on it in a future video. But in the meantime, I would probably say the Cash app won't offer as many investing automation tools as these other apps do. At least not yet, as they've only just recently launched the ability to invest in stocks.
@@EverydayInvesting thanks so much for a speedy response. I just found your channel and subscribed last night. Looking forward to more of your content!
Thank you, I appreciate it! 👍
Wich is best to make beginner extra money
(@4:10) you discuss fee. I see where an individual below asked you to discuss the fees... what do you mean exactly by fee? Once you invest so you have to pay a fee?
So when it comes to fees, I am referring to the monthly subscription each app offers. None of these apps charge a fee for buying or selling stocks. However, they do offer monthly subscriptions that offer access to different features. For instance, Acorns has different subscription levels with plans starting as low as $1/month and Stash also has different subscription levels with plans starting as low as $1/month. M1 Finance has a free subscription level but they also offer an upgraded account option as well 👍
what is the difference between being actively invested & just hanging onto your stock to build portfolio and gain more money? Honestly I am new to this. I’ve watched a few of your videos along with paying attention to other beginners questions and concerns. So far I am interested in Akron’s app since u did say it is good for beginners. If basically does the work for you once u invest. I don’t understand the purpose of having a card with the company? Why so? Is that how you receive the money from your investment?
Hey there. I like to think of actively trading stocks as a more short term approach where you are researching stocks, company news, and studying stock price charts to try to make profits in the near term. This approach can work but will require a lot more time and involvement on your part. On the other hand, I like to think of passive investing as more of a long term approach where you invest in companies you believe will continue to grow over the long run. As a result, your investments can grow in value over time as the stocks you invest in grow in value as well. I am a long term investor myself.
With Acorns you choose the portfolio that best suits your investing goals, such as a more conservative portfolio for a shorter term investing horizon or a more aggressive portfolio for a longer term investing horizon. The Acorns debit card is actually separate from their investing account. Their debit card is linked to your Acorns mobile banking account (this account is optional) 👍
Everyday Investing wow thanks a lot, very informative. You definitely influenced me to sign up and invest with acorns.
do you recommend the debit card? what’s the purpose? (sorry for all my questions.)
No problem! When it comes to the debit card I would say it depends. If you are an Acorns user looking for a mobile banking account, and you are already using their investment account, it can be helpful to have both of your accounts together under one dashboard. Their mobile banking account and debit card have some nice features that go well with the investment account.
Another factor to consider is pricing. Acorns has subscriptions starting as low as $1 per month for just the investment account, however in order to also get the debit card you will need to be on their $3 per month subscription (this includes the investment account + a retirement account + the mobile checking account).
If you want to learn more about the Acorns Spend debit card, I made a review of it here: ua-cam.com/video/VEBWSqYh95o/v-deo.html 👍
Thanks.
Glad I could help! 👍
Hello. What app would you recommend for long term investment (6 months-2yrs)? Also, what stocks is good to invest for beginners (Disney, Wal-mart, Visa, Exxon...et)? And would you recommend to buy 3-5 stocks in different companies to make better profit? Also, what company is great to invest that has dividend? Btw, great stock info.
Hi there. Any of these 3 apps would be a great choice for that investing timeline. It just comes down to personal preference and which features you like best. M1 Finance gives you the most control over investing in individual stocks. Whereas, Acorns and Stash offer more investing automation features overall.
For new investors I wouldn't encourage investing in too many individual stocks right off the bat, as it can get a little overwhelming following all the different companies. I do like to recommend considering ETFs (exchange traded funds). Essentially, an ETF is a basket of related stocks grouped together in one investment.
ETFs are often composed of individual stocks related by a specific sector of the market. ETFs can be an easy way to diversify your investment portfolio and may help reduce risk rather than investing solely in individual stocks. The most popular and well known type of ETF is the S&P 500 ETF. There are a few S&P 500 ETFs, such as SPY, VOO, and IVV. These S&P 500 ETFs are often composed of over 500 of the largest US companies.
In addition to stocks, both Stash and Acorns offer access to ETFs , whereas Acorns only offers ETFs. Another great thing with ETFs is that you can also invest in ETFs by market sectors as well, such as ETFs composed of Technology companies, Retail companies, etc. 👍
@@EverydayInvesting ....thx for the great & helpful info. Definitely thought you have great info, please keep us update.
I have a simple question with investing helps you make a lot
Hello am from Nigeria,what do I do,is it available in my country
Use vpn bruh
Hi, which app do you recommend for users who are living away from the US. Currently I live in Egypt. Also, what is the average ROI i can get for 6 month investment.
Thank you,
Hi Mohamed. I'm sorry but these apps are currently only available in the US at this time. I would suggest searching in your phone's local app store for "investing apps" and hopefully there will be some good alternatives 👍
How much your investments can make over time will depend on number of factors such as how consistently you invest, the investments you choose, how those investments (companies) perform over your given time frame, and for how long you invest.
But please keep in mind that investing is always best for the long term. In the short term, the stock market can fluctuate up or down but over the long term the stock market has a history of increasing in value 👍
Actually none of these app available at my country i live in Italy
Hey there. Yes, unfortunately these apps are only available in the US at this time. Hopefully one day they will expand to more countries. In the meantime, I would recommend searching in your phone's local app store for "investing apps" or "investing brokerage." Hopefully there is a good alternative 👍
@@EverydayInvesting bro i am completely beginner so i searched that and found webull didn't understand anything will u give me any tutorial to help me
Ugh I'm so nervous. I dont know what to do.
Fr
I've been thinking, instead of gambling. just invest💲
Hi, I'm wondering what the best app would be for global investing? I was going to use sharesies nz but I don't have nz passport and will possibly be leaving nz soon. What app is best for someone traveling/global investments? Thanks.
Hi there. I am sorry, but all of these apps are currently only available in the US. Unfortunately, I am not aware of any stock market investing apps that offer global access. If you are looking for a region specific platform, I would suggest searching in your phone's local app store for "investment brokerage" and hopefully there will be a good alternative 👍