If you want to invest in stocks, mutual funds, bonds, and several other assets, one of the first things you need to do is choosing an investment platform. There are hundreds of investment platforms on the internet that you can choose from, which makes choosing the right one a challenge, especially for beginners.
In this article, we want to share the top investment platforms you can sign up for, invest in, and start earning passive income.
Vanguard is still the world’s largest investment company with an estimated valuation of $7 trillion in assets. If you want to invest in mutual funds, EFTs, Stocks, CDs, and Bonds, then Vanguard should be the ideal choice for you. This platform is mainly suitable for people aiming at investment for the long term.
Unlike most of the platforms we are about to share on this list, Vanguard doesn’t have a lot of educational resources for investors on their site. So, it is ideal for people who know exactly what to do and how to invest their money. The good news is that their cost for managing your portfolio is very low compared to most investment companies. You can invest in their LifeStrategy portfolios for an annual fee as low as 0.41%.
This platform is ideal for both short-term and long-term investors. It allows anyone in the supported countries to invest in mutual funds, stocks, shares, bonds, and several other assets on their site. If you want to make a long-term investment, choosing mutual funds is the best option since it has minimal risks.
For those who want to do short-term investments like stock trading, buying stocks of individual companies, you can use Fidelity’s trading tool to get started. If you are a beginner, you can use their pathfinder tool to browse through 10 ready-made growth portfolios or six income-focused portfolios. With the already made portfolios, you simply choose the one you want to invest in and let Fidelity manage the day-to-day trading operations for you.
It is a low-cost investment platform that allows its users to invest in low to high-risk investment portfolios. The good news is that you can start investing in the portfolios of your choice for as low as 1 pound. If you have some small capital that you would wish to invest in less risky ventures, this is one of the platforms you may have to consider.
The portfolio management cost is 0.49%, making it one of the cheapest in the market right now.
It is one of the leading Robo-advisers and investment platforms in the world right now. You can use its site to open a bank account, a pension, or a regular general investment account. They offer three different portfolios that you can invest in based on which one you find suitable. Their cheapest is fixed-allocation portfolios.
But they also have fully managed portfolios which are ideal for those willing to pay extra in management fees.