There are many smartphone applications that enable you to invest your money, but before you choose one of them, it is important to clearly define your motives and goals, the duration of your investment activity, and the gains you want to reap.

In this report, published by the American website "Millennialmoney", writer Grant Sabatii says that investing in savings and excess amounts of money is the best way to obtain additional income and achieve financial independence.

In the past, this field required prior knowledge, or hiring a consultant to guide you in the right path so as not to lose your money.

But today, with the technological revolution, the investment sector has witnessed great changes, and there are simple and easy ways to manage your investments from your smartphone, even if you do not have a large amount.

The writer provides a list of the top 10 investments that have achieved success, and won the admiration of users this year.

Robin Hood

Robin Hood is an online stock brokerage app that is free, and does not charge any stock fees, or minimum amount to be deposited, and is easy to use even for beginners, so it has been a great success.

The author points out that the application is free and therefore does not include many features, such as a search service, trading tools, educational materials in the field of investment, and many other options.

In return, this application allows trading cryptocurrencies such as Bitcoin, Ethereum, and others, and you can buy the paid version of it for $5 per month, to access additional features.

Ally Invest

You may have heard of Ally Bank, which was chosen among the best banks this year, and Ally Invest app follows this institution.

The writer believes that this application is suitable for active traders who are interested in obtaining investment services for a very small fee of up to zero dollars.

Public.com (Public.com)

Public.com, formerly known as Matador, combines zero-fee investing and social networking features, creating a unique platform for beginners.

This application, available on the Android and iOS store, helps you communicate with other investors, and offers you a gift of $ 50 if you invite a friend to enter the platform.

Webull

The Whippool application is suitable for investors who want to trade shares through their phones, and it is a new application in this field, but it has become a strong competitor to the Robin Hood application.

Whippool is simple and easy to use through a smartphone or website, and it displays analytical graphs and data to help you make a decision.

Betterment

The Betterment application is a platform where you provide advice through a robot, which manages your investment portfolio in a way that keeps it balanced.

To start using this application, it is enough to answer some questions about your age, financial goals, the amount of your income, and the degree of risk you intend to accept, so that you will be evaluated as a new investor and guided according to what suits your goals.

Acorns

The "Icorns" application also enables you to earn money with the click of a button, and it is described as one of the best that has been developed in this field.

This application presents a new idea of ​​investing very small amounts, which are savings, and at the same time it is an opportunity for you to practice.

It is enough to link this application to your bank card, so that each time it deducts a very small amount when paying with the card, and then guides you on how to invest it.

Stash

Recommended for those who want to get started with simple steps, Stash is an investment advisor that provides access to more than 250 different investment funds, as well as individual stocks.

This application helps you choose your investments quickly and safely even if you are a beginner, but if you want to enjoy additional services, you have to get the paid version for $9 per month.

Fundrise

If you are looking for an alternative way to invest, Fenders is an excellent platform that provides you with a crowdfunding service to invest in real estate, with the possibility of obtaining acceptable annual profits, and it is a smart way to enter the real estate field even if you have a limited amount, and unlike most The applications are not exclusive to accredited investors.

TD Ameritrade

TD Ameritrade application is an online platform for investment and stock trading, well suited for those who wish to engage in this activity for the long term.

It is easy to use for experts and beginners alike, and also provides educational videos that allow you to gain skills and knowledge to help you get into this field, and if you are in the United States you can also get direct assistance by meeting with counselors face to face.

Wealthfront

If you want an easy way to invest, save and plan securely, the Welthfront app responds to your needs, an advisor bot that offers a suite of solutions, enabling you to reap benefits from your money, get advice on savings management, and automate your portfolio.

This app has received an excellent rating on the Apple and Google Play Stores with a score of 4.9, and therefore it is user friendly.

How do you choose the right application for you?

The writer says that there are a huge number of smartphone applications that provide various features and services.

Before choosing among them, it is important to determine the reason why you entered this field, the duration of your investment, and the results you wish to reap.

And if, for example, you want to take small and careful steps, because you have no experience, and you have a small amount of money, you must choose the application that allows you to invest in a small amount, and guides you step by step.

On the other hand, if you have the necessary experience and want to take risks and make big profits, then the right choice for you is an application that gives you the freedom to act and make decisions on your own.