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Swarms of new investors jumped into the market in the first quarter of 2020. Mobile investment apps grew their new accounts by as much as 170%.
While Robinhood was the most popular platform by far, it is far from perfect. On March 9, trading volumes overwhelmed their servers, causing some users to miss out on profits when they couldn't sell.
Now, this could theoretically happen with any digital investing platform. Robinhood just happened to be the most popular at the time. We're not going to argue for which stock investing platforms are most "uncrashable."
But we do want you to see the investing options you have at your fingertips. There are so many types of investors out there. And many of these companies have developed tools catered to specific styles.
Whether you're a new or experienced investor, there's probably a platform for you. Robinhood is among the best. But there could be one or two with tools better suited for where you are in your investing career.
Let's look at some of the best investment apps that aren't Robinhood.
Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter
Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…
About the Author
Mike Stenger, Associate Editor for Money Morning at Money Map Press, graduated from the Perdue School of Business at Salisbury University. He has combined his degree in Economics with an interest in emerging technologies by finding where tech and finance overlap. Today, he studies the cybersecurity sector, AI, streaming, and the Cloud.