Updated April 15, 2019

Best Ways to Invest: December 2019

Read more about Investing
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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 Bank

    HSBC Direct Savings - 2.05% APY

    • Earn 2.05% 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.

Fundrise:

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.

Blooom:

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.

Acorns:

Best Overall

    Ally Invest
    Read ReviewVisit Site

    Ally Invest

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

More Articles in Money Tips


EveryDollar Review

EveryDollar promises to help you get out of debt by sticking to a user-friendly budget. But does it work? Read this review to learn more about this budgeting program.

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December
13
2019

Earn Side Money

With so many bills to pay, it can be hard to squeeze anything more out of your budget. Especially when you sit down to unravel all those crumpled up receipts and add up the cost of groceries, gas and rent.
More Articles in Investing







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