The Modern Newsletter for Finance & Business
The 5 minute newsletter helping you save, hustle, and invest. News, stories, and knowledge.
The 5 minute newsletter helping you save, hustle, and invest. News, stories, and knowledge.
Building a portfolio can be like a second job. Not everybody want to have to deal with the hassle it can be to build their own portfolio. Luckily there are plenty of platforms that do the investing for you. Micro investing apps invest your extra change for you. Automated investing apps also referred to Robo portfolios, invest a set amount for you into pre-set portfolios. Here are the best micro and robo investing apps for the passive investor. Each of these has $0 Fees unless stated otherwise.
Acorns
Acorns is the perfect app for the passive investor. Acorns invests your spare change and is the passive way to get started. We love that they have expanded into banking.
$3/month
Spare Change Investing
Automated Investing
Automatic Rebalancing
Automatic Dividend Reinvesting
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Learn MoreStash
Stash takes automated investing to the next level. We love their many automated features: 1% Stock Back Card, Invest Spare Change, Auto Investing.
$3 – $9/month
Automated Investing with Smart Portfolios
Automatic Rebalancing
Automatic Dividend Reinvesting
Betterment
Betterment is one of the easiest ways to get started investing. We love their automated investing and high APY Savings. This is the perfect app for the passive investor.
Automated Investing
Automatic Rebalancing
Automatic Dividend Reinvesting
Tax Smart Tools
Fidelity
We love the ability to connect and use their debit card which includes ATM reimbursements. We also love their 2% back credit card. Trade from mobile/desktop/browser.
Robo Advisor with Fidelity Go
$0 No advisory fees under $25,000
0.35% a year for balances of $25,000+; includes unlimited 1-on-1 coaching calls
Merrill Edge
We love their Preferred Reward program that allows you to earn rewards by investing with them. Their Idea Builder provides inspiration and ideas for your portfolio.
Managed Portfolios with Merrill Guided Investing
$1000 Minimum Investment
Qualifying Net New Asset Balance | Cash Reward |
---|---|
Less than $20,000 | $0 |
$20,000 to $49,999 | $100 |
$50,000 to $99,999 | $150 |
$100,000 to $199,999 | $250 |
$200,000 or more | $600 |
E*Trade
The OG of online trading. We love that they have two platform options. The E*Trade app or the Power E*Trade app depending on your needs. We also love their Core Portfolios for the passive investor.
Core Portfolios
Pay as low as $1.50 or 0.30% annually.
$500 Minimum Investment
Cash Credit | Deposit Amount |
---|---|
$50 | $5,000–$19,999 |
$100 | $20,000–$49,999 |
$200 | $50,000–$99,999 |
$300 | $100,000–$199,999 |
$600 | $200,000–$499,999 |
$1,200 | $500,000–$999,999 |
$2,500 | $1,000,000–$1,499,999 |
$3,500 | $1,500,000+ |
Vanguard
Vanguard’s Trading app is a simple app for basic trading.
Digital Advisors
$3,000 Minimum Investment
No more than 0.20% in advisory fees for all-index investment options or 0.25% for an active/index mix
Ally Invest
Ally Invest is great for all investors. We love their trading app and the fact that you can do more than just invest with Ally.
Robo Advisors
Many Options
$100 Minimum Investment
Sofi – Invest
SoFi Invest is a great investing app for everybody. We love how you can use all of SoFi’s products from one easy to use dashboard.
Automated Investing
Goal Planning
Auto Rebalancing
Diversification
$1 Minimum
M1 Finance
M1 Finance is a great investing platform that also allows you to earn interest on your cash with their high interest checking and 1% cashback debit. We love their automated pie investing that includes Dynamic Rebalancing.
Automated Investing By Set Proportions with Pies
Etoro
Etoro has a very easy to use platform that allows you to invest in stocks, crypto, commodities, currencies, indices, and etfs. CopyTrader allows you to easily copy top traders.
Copy Trader Automatically Replicates Stock Trades of Other Traders
How much did you spend on eating out last month? You might be surprised! PocketSmith can help you get your sh!@t together.
Learn More