Considering what you’re getting in return literally makes it free. There is a monthly fee of $1 associated with Stash. The app basically teaches you how to invest and lets you earn profits as a bonus. Even if you don’t have any Finance background you can still use the app without any worry. After that, it’s a piece of cake to use the app and make investments. With Stash you can deposit any amount starting from $5. Stash is another popular choice among micro-investors all over the world. Robinhood is available on both Android and iOS platforms. Gold account gives you more buying power and more control over stock trading. There are two types of accounts you can create: Standard account and Gold account. Stock trading is absolutely free and you can invest anything from $1 to thousands of dollars. The best thing about Robinhood is you don’t have to pay any Fee to join the platform. They have a user base of more than a million users who have already invested more than $25 Billion through their platform. Robinhood is currently one of the most popular Micro-investing mobile apps. Here is a list of Micro-investment apps that let you make more money with your money: How to make Money with Micro-investment Apps We will discuss the functionality of each of the apps we are going to share with you. Thanks to the advancements in Mobile technology, there are some reputable apps that let you create a micro-investment account and monitor your cash flows from your mobile phone. The returns will be bigger with bigger investments of course. It doesn’t necessarily mean that you cannot invest big sums through this technology. ![]() This is especially a great opportunity for people who have a limited amount of spare cash and want to make profit from it. ![]() Micro-investment leverages the use of technology to create a platform for users where they can invest their small savings. How will it happen? That’s where the Micro-investment apps come in. The most important thing to know right now is that you can potentially multiply the money in your savings account. It combines the concepts of both Technology and Finance to create a digital product that can facilitate users. Micro-investment is a relatively new term in the world of Finance. When they see their savings grow, they will be motivated to invest seriously," said New Delhi-based financial planner Amit Suri.Do you have some savings in your account but don’t know what to do with them? In this guide we are gonna teach you how you can re-use your savings to invest in micro-investment apps. “Investing through these apps can be a good start for young earners. “Though SafeGold is the provider, the gold is actually backed by an RBI-regulated trustee-IDBI in this case- so the investment is completely safe," said Nishchay. Investing in digital gold through Jar attracts GST of 3% as the gold provider, which is SafeGold in this case, buys physical gold equivalent to the invested amount on the user’s behalf. Take the case of Jain, who invests ₹100 daily, which is over and above the money that gets deducted from his spends.īoth companies offer the service free of cost. ![]() Besides investing the change, users can also set up a fixed daily investment, just like a systematic investment plan (SIP). While Niyo tracks transactions made only through its savings account NiyoX, Jar sifts through the user’s SMS inbox to detect all types of spends. The user can turn the feature off any time he wants," said Vinay Bagri, co-founder and CEO, Niyo. The platform will accordingly invest the change, which can be as low as ₹1, with each spend. How it works: All that a user has to do is select the nearest round-off amount and enable auto-debit on the app. This week, fintech startup Niyo launched a similar service called Invest the Change, which allows users to round off their spends such as cab fare, subscriptions and fund transfers to the next 10, 50 or 100 and invest the spare change into a mutual fund available on the company’s platform.
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