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The Best Investment Apps for Teens to Start Building Wealth Early

Building wealth early is one of the best financial moves a teenager can make. By starting to invest at a young age, teens can take advantage of compound interest and potentially set themselves up for a comfortable financial future. Luckily, there are a variety of investment apps available that make it easy for teens to start investing and building wealth. Here are some of the best investment apps for teens to consider:

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1. Robinhood
Robinhood is a popular investment app that allows users to buy and sell stocks, ETFs, options, and cryptocurrencies without paying any commissions. This makes it a great option for teens who are just starting to invest and want to keep costs low. Robinhood also offers a user-friendly interface and a variety of educational resources to help teens learn more about investing.

2. Acorns
Acorns is an investment app that helps users automatically invest spare change by rounding up their everyday purchases to the nearest dollar and investing the difference. This makes it easy for teens to start building wealth without even thinking about it. Acorns also offers personalized investment portfolios based on a user’s goals and risk tolerance, making it a great option for teens who are new to investing.

3. Stash
Stash is an investment app that allows users to invest in stocks, ETFs, and fractional shares of companies for as little as $5. Stash also offers a variety of educational resources and personalized investment recommendations based on a user’s financial goals. This makes it a great option for teens who want to learn more about investing and start building wealth early.

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4. Stockpile
Stockpile is an investment app that allows users to buy gift cards for stocks and ETFs, making it easy for teens to start investing with as little as $5. Stockpile also offers a user-friendly interface and educational resources to help teens learn more about investing. Additionally, Stockpile allows users to set up custodial accounts for minors, making it a great option for parents who want to help their teens start building wealth early.

5. Wealthsimple
Wealthsimple is an investment app that offers personalized investment portfolios based on a user’s financial goals and risk tolerance. Wealthsimple also offers socially responsible investing options, making it a great option for teens who are passionate about making a positive impact with their investments. Wealthsimple also offers a variety of educational resources to help teens learn more about investing and build wealth early.

In conclusion, investing at a young age can have a significant impact on a teenager’s financial future. With the variety of investment apps available, teens have the opportunity to start building wealth early and take advantage of compound interest. By choosing the right investment app and educating themselves about investing, teens can set themselves up for future financial success.

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