Updated April 15, 2019

Best Ways to Invest: July 2020

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

    HSBC Direct Savings - 0.70% APY

    • Earn 0.70% APY on all balance tiers
    • No monthly maintenance fee
    • Minimum balance to open account 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 platform
    Cons:
    • No physical locations

    Our Review: (4.4) Ally Invest offers free trades for stocks and ETFs. But is it good? Find out how it compares to other online brokers... Read full review

    Commission-Free Stock Trades

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More from CreditDonkey:


How to Invest $100


Best Ways to Invest $10000


Best Online Savings Account



High Yield Investments

What types of investments pay good returns? Skip high risk options. Find out the safest investments with the highest yield.

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Multiple Streams of Income

Multiple streams of income can help boost your savings or pay off debt. Take a look at these strategies to start building wealth today.

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.

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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.