Updated April 15, 2019

Best Ways to Invest: January 2020

Read more about Investing
This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

Thinking of investing, but not sure where to start? Here are the best places to invest money right now.

Here are our top ideas for investing:

Best Way to Invest in Stocks

Ally Invest (our review):

Best Way to Invest Automatically

Are you new to investing and have no idea how to start? Are you afraid of making bad decisions? Or maybe you just prefer to be hands-off.

Let a robo-advisor do it for you instead.

A robo-advisor will automatically select investments for you based on your goals and risk tolerance. It handles all your account management so you don't need any investment knowledge.

Betterment (our review):

Best Way to Save

Traditional bank interest rates are a joke.

Instead, look to online banks for high interest rates. This allows you to grow your money safely while you save for your goals.


    HSBC Direct Savings - 2.00% APY

    • Earn 2.00% APY on all balance tiers
    • No monthly maintenance fee
    • Minimum balance to earn APY is $1
    • Member FDIC

See HSBC Bank Offers >>

Best Way to Invest in Real Estate

Real estate investing is no longer just for the wealthy.

With crowdfunded real estate platforms, you can now invest in properties with little money.


Best Way to Manage Your 401k

If you are contributing to your employer retirement account, great! That's super smart.

But do you really know what it's doing?

Many people just randomly made a selection and aren't aware that you actually have to manage your 401k.

This means your investment may not make sense for your goals. You could be loosing money to fees.


Best Financial Tool

If you're like most people, you probably have multiple financial accounts. It's hard to keep track of each one individually.

Money management tools give you a detailed snapshot of your entire financial life all in one place.

Best for College Students

It's never too early to start saving for the future. The earlier you start, the more time you have for your money to grow.

But investing can be intimidating for young adults. With little capital and knowledge, where do you start?

Acorns rounds up your spare change from purchases and automatically invests them. It's literally investing without thinking.

This is great for novices or those who have trouble saving. Just go about your normal life and watch your round-ups accumulate and get invested.


Best Overall

    Ally Invest
    Read ReviewVisit Site

    Ally Invest

    • Stock Trading: $0 per trade
    • Minimum Deposit: $0
    • Low commission for stock trades
    • No account minimums
    • Ally platform
    • No physical locations

    Our Review: (4.4) Ally Invest (formerly TradeKing) offers free trades for stocks and ETFs, but is it good? Learn the pros and cons and see comparisons with other online brokers in this in-depth review... Read full review

    Get Up to $3,500 Cash Bonus

Disclaimer: Opinions expressed here are author's alone. Please support CreditDonkey on our mission to help you make savvy decisions. Our free online service is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content.

More from CreditDonkey:

How to Invest $100

Best Ways to Invest $10000

Best Online Savings Account

Best Money Saving Apps

If you may find yourself spending more than saving, these easy-to-use apps can help. What's the best money savings app for you? Read on to find out.

Best Money Making Apps

Making money with your phone sounds ridiculous, but it's possible. You can earn money for shopping, working out and other activities you're already doing. Here's a list of our top money making apps.

About CreditDonkey®
CreditDonkey is a stock broker comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.