Best online investing websites

10 Best Online Investing Websites in 2021

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Online investing is a great way to earn money over time simply by setting your money aside and watching it grow. Obviously, this isn’t going to make you money quickly, but it can benefit you in the long term. And rather than store your money in savings, why not invest it so that way, after years down the road, if you wanted to draw your money out, you’ll receive more than what you deposited?

If that sounds cool to you, you can start investing online from the comfort of your home. And, if you’re not sure where to start, I have put together a complete beginner’s guide on how to invest online for you to take a look at.

So where can you get started investing money online? Here are 10 great websites you should look into in order to start investing some of your money without leaving your home. I’ll explain what they are and how you can make them work for you.

Stash

New Stash logo

This is by far the best online investing website I’ve ever found! Stash boasts an all-in-one investment account that you can manage all on your own. Even beginners are welcome in Stash with their learning area that teaches a special investing philosophy known as The Stash Way, where you learn the benefits of long-term investing over short-term investing.

It costs $1 a month or $12 a year to start using Stash, but there are great benefits you get out of investing with Stash!

With Stash, you can choose the companies you would like to buy stock from in order to build your own personal portfolio. But, if you need help building your portfolio, Stash can definitely help you out. You can also set up auto investment into your portfolio so you don’t have to worry about remembering to invest!

There is also a feature called Round-Ups where Stash rounds up any transaction you make with your card to the nearest dollar and invests whatever change is left. So, if you charged your card for $22.64, this rounds to $23, leaving you with $0.36 change. Stash takes that change and invests it into your portfolio.

Another feature Stash has is called Smart Stash where Stash can predict when you have extra money on your card to make an investment. However, Smart Stash might interrupt your own personal spending plans, so keep that in mind.

Stash is perfect for any investor, from beginner to expert, which is why I highly recommend them if you are looking into investing online.

START INVESTING WITH STASH!

Acorns

Acorns logo

Acorns is basically online investing made simple. For only a dollar or two a month, you can open an investment account on Acorns. Once you do, Acorns will create a portfolio of stocks and bonds that are personalized to you. That way, you don’t have to worry about buying stocks or losing money.

Just like Stash, Acorns has Round-Ups where every purchase you make with your card is rounded up, and the leftover change is invested into your portfolio. Acorns allows you to set up auto investment as well. Pricing on Acorns is pretty much the same as on Stash: $1 per month just to invest. You can add a retirement account and a checking account for an additional $1 a month each.

So, if you’re looking for a simplified way to earn money through online investing, Acorns is a great website to do just that.

Betterment

Betterment logo

What’s great about Betterment is you can have a real investment account that you get to manage online. However, if you are a beginner, I actually don’t recommend Betterment since they do cater to investors who know what they’re doing. Betterment offers a huge variety of investment accounts to choose from, ranging from IRA’s and Roth IRA’s to just a simple investment to help you save money for something such as retirement or a brand-new house.

There is no minimum balance to open a Betterment account. Your only cost to use Betterment is 0.25% per year of your balance or $25 for every $10,000 you invest per year. This is indeed the best website to actually become a true investor from the comfort of your home.

Wealthsimple

Wealthsimple logo

The biggest advantage of investing with Wealthsimple is investing on autopilot! You can choose from a wide range of investment accounts, including IRAs, Roth IRAs, trusts, and even joint accounts for married couples or business owners!

But what’s really awesome about Wealthsimple is that they truly make gaining investment “wealth simple” by providing you with automation. Whenever the market changes or however you set it up, Wealthsimple will automatically invest an ideal fraction of your balance to invest into your Wealthsimple account. This means you can truly play the game of investing pretty much without thinking about it. They are a little pricier than Betterment as they charge you 0.5% of your account balance per year.

Robinhood

Robinhood logo

If you’re interested in buying stock and investing your money into a portion of a company, maybe two, I definitely recommend Robinhood. It is by far the best way to manage your stocks and monitor the stock market online! They even have a mobile app so you can take your stock investing with you on the go.

Keep in mind that investing in Robinhood requires you to deposit funds into your Robinhood account. You can then use those funds inside your Robinhood account to invest into stock or even cryptocurrency.

With the technology age dominating the world, it may be a good idea to consider investing into a currency that could be the new way we would pay for stuff, and that is cryptocurrency! Robinhood can easily allow you to buy crypto with just a few clicks.

And the best part: Robinhood is practically free to use. You may be charged a small fee or two, but there are no big fees to pay when maintaining or trading with your Robinhood account.

5 Additional Online Investing Sites

There are many websites where you can put your money aside online and let it grow on its own. I just introduced you to five of them, but if you’d like five more ideas that you can look up and do your own research, here they are:

Final Words

The plant of investment

I hope this article gave you ideas on where you can get started with your investment online. Investing can be a great way to profit from the money you already have online from home. However, I do have one word of warning: if you don’t have a good income, do not invest!

So how can you start earning income online? Thankfully, there are many ways to do it! There are many different work-from-home jobs you can look into and, if you have a skill to sell to others, you could make money being a freelancer. Then, when you start earning good income, you can turn it into passive income! I wrote an article showing you a few ways that you can make passive income online.

With that being said, I wish you the best of luck with your online investing. Again, if you need a helping hand with your first online investment, be sure to check out my online investing guide for beginners so you know the best way to get started with your online investment.