 Better stat now What's up money geeks mr. V here welcome to another video so into this video I want to talk to you guys about my top investing apps for 2020 So we're approaching the end of the year Maybe just a little bit over three weeks till the end of the year and so if you have your goals for next year And one of it is to invest Some of the apps that we talked about today are apps that are gonna get you started for as little as One dollar so if you have your end of year review or you're looking for your goals for next year And investing is on top of that list you want to watch this video So think about it most people when it comes to investing it used to be a very complex process You know, you know, there was a smart guy and sometimes you talk to them on the phone And they would take your money and manage and do everything and then came something Call the internet So magical They brought all this investing and everything to the palm of your hand So you can actually sit in your living room with your cell phone or with your computer and do any investment That you want so if you haven't already started investing that little story there was just to kind of get you motivated That investing is not a scary thing It's just for you to start and you can start for as little as one dollar So that was just my little soliloquy. Let's jump into my top investing apps for 2020 number one on my list is M1 finance and one finance is just popped up out of nowhere and like Think about it's this new kid on the block and what M1 finance has done is that it came in Having pulled from all the other investing apps that came before and looked at all the mistakes that they've made bundle that together and Came up with this awesome app. I mean, I love M1 finance number one It's just there the interface is really cool But I mean I don't I can deal with poor interface as long as if I'm saving money So I've talked about this in in the previous video, you know why I really love M1 finance But just to give you guys kind of an idea of why M1 finance made my the top of my list was the fact that It's commission-free. So trading on this platform is free $0 nada, which is awesome number two is that you could do fractional shares in this platform It's just good. So let's say free is this you wanted to invest in Amazon It's trading right now at $1,700 and you only had $200 you can buy $200 worth of Amazon share in M1 finance, which is great number three Is that I like the layout of their of the interface? So when you when you create your investment, it's called a pile, which is really good So it shows you the different sections of the pile based on them percentage that you invest in whatever stocks they invest in So let's say you have five stocks one has 30 percent one has 20 percent One has 10 percent 10 percent 10 percent. They would see the different colors in that pie chat You did I mean the layout is really good. So that's one reason. I love it So M1 finance again is this new key to the block and you can start investing for as little as $1 so if you're thinking of just trying it you don't want to lose money You're scared you can at least afford a dollar to get stuck I'll put a link in the description below if you click on that link sign up You get $10 to start with I mean again that is something to get you started at no cost for you So that's something that you want to try so M1 finance is really an awesome platform I'm loving them so far and I'm gonna do a subsequent video I'm gonna show you guys my portfolio on M1 finance. I have a dividend portfolio built in M1 finance Which is awesome So I will share that with you take you guys into that portfolio show you everything so you can see it If you want to copy it, that's fine But I would advise that you do your research and build your own portfolio that fits your needs so M1 finance top of my list number two is again An old name that you've heard about before Robinhood So Robinhood came out and they came out with a bang because when they started they said it was commission 3 Trading that was something that kind of changed the market. It was new. They kind of Revolutionized the market people didn't really know about That commission free trading. I used to use scott trade which commissions were seven dollars a trade so Buying and selling so if you buy seven dollars you sell seven dollars So it's 14 dollars to go in and out of a trade, which was I mean looking back right now. That was a lot of money But then Robinhood came out and be like, hey, you know what? We're gonna make this stuff free for you. You guys don't buy and sell stocks free So Robinhood is still on top of my list as far as commission free trading platforms And one of the things that Robinhood offers that M1 finance doesn't say you can trade Cryptocurrencies on Robinhood, but the flip side is you cannot do fractional shares on Robinhood So if you want to buy a share, you have to buy the full share So if one share of a stock is $1,800 you have to spend $1,800 you cannot go in Fractionally, which is I think that's something that they have to work on and I'm pretty sure you're working on that right now because Most people are flogging to M1 finance because of that ability to do Fractional shares and then commission free. So that's the reason why most people are moving over to M1 finance So Robinhood again is still really good. If you are more kind of like an active trader You know exactly what you're doing Then stick with Robinhood, but if you are just kind of new to the game Because the AI system in M1 finance is really really awesome. I totally forgot to mention that So I mean when I say AI it's official intelligence So they help you by just asking you a simple question and they can kind of help you Or guide you with some of the stuff that you can get started with what there's some of the investments that you can start with And then as you learn you can start tricking things and making them your own So that's one of the things that I really love about M1 finance. But I was talking about Robinhood So Robinhood is still up there for me. I still like Robinhood But again M1 finance is top of the list Number three is so far. So so far kind of resembles M1 finance In the sense that they it's commission free trading then they do fractional shares as well But M1 finance has even a bigger Portfolio in the sense that they offer your Traditional banking services. So they have a checking account and the savings account I think the savings account Even the checking account it's about 1.5% Interest rate that they pay on those accounts, which is which is awesome Most traditional banks or your local bank will not pay that kind of money. So They offer those other services So if you're looking for a spot where you don't want to be moving money around you have your checking account here Your savings account and your investment account in the same in the same company or in the same bank So far we're coming handy for you As far as all the other things about trading like I said commission free fractional shares All those they do it and they also offer A really robust AI system that helps you guide You as as you go through investing they'll ask you questions as you answer those questions. They'll kind of help you Choose some of the stocks that you can start investing in so so far makes number three on my list And finally number four is stockpile Stockpiles T makes this list just because It's a starter for most people if you're looking to invest In fractional shares, they they brought that this idea of fractional shares into the spotlight Then for some reason they haven't kept up with the movement of fractional shares Um, the reason I don't like Stockpile so much is because they still charge 99 cents for for trading. I'm hoping they send me an email I think two weeks ago talking about some of the changes that they want to do. So I'm I'm assuming In the near future, they're going to take away that At fee because I mean who wants to be paying 99 cents when you can pay free 99 for M1 or on robin hood or on so far. So that's my take on it Again, stockpile. I said that we stockpile I don't use them as much just because all the other guys are really coming in strong. So that's why I'm not super In invested in stockpile anymore, but it still makes the list for me So there you go guys, those are a list of my top four investing apps for 2020 again Let's do a recap here. Number one was m1 finance number two is robin hood number three is so far and finally number four Is stockpile. So question of the day What is your top investing app for 2020? Let me know in the comment section And if you do have any questions about investing or just kind of looking at the different ways of investing Don't hesitate to leave that in the comment section as well like share subscribe and as always Stay motivated