What do young investors want? They want to make money, of course. But they also want to make their own decisions and not spend a lot of money on fees. These three apps are some of the most popular and useful for Millennials and Gen Z.
Robin Hood: When it comes to the go-to investing app for Gen Z and millennials, Robinhood rules. Its pluses: no commissions, fast executions, a fun interface and a wide range of stock and crypto options. Robinhood, however, is weaker than other investment apps in portfolio reporting, especially for tax planning – as many Robinhooders with large capital gains find out when doing their income taxes.
When E-Trade launched in 1982, it was the Robinhood of its time. Credit: E-Commerce
E-commerce : When E-Trade launched in 1982, it was the Robinhood of its day – a high-tech disruptor of the traditional way of buying stocks. With its low commissions, it became a fierce anti-establishment competitor to venerable Wall Street corporations – until it was taken over by one such corporation, Morgan Stanley, in 2020. E-Trade offers tons of sortable portfolio data, robust stock filters, and plentiful tax reporting to help avoid an April 15th nightmare, especially for Gen Z and Millennials, many of whom do their own taxes.
Looking to invest in bitcoin, ethereum, dogecoin, or one of many other digital tokens? The Coinbase app might be for you. Credit: Coinbase
Coinbase: Looking to invest in bitcoin, ethereum, dogecoin, or one of many other digital tokens? This application from the leading US cryptocurrency exchange facilitates super-fast executions. Coinbase offers tutorials for new and experienced crypto investors as well as social media dedications so you can discuss and debate buying opportunities. It comes with a top notch digital “wallet” to store your crypto or send it to others.
