Black Business Success

4 Apps to Start Investing in the Stock Market

By Melisha Daniels  -  April 7, 2021
 

The key to building generation wealth in the Black community may rely on our ability to generate multiple streams of income.

Multiple streams of income refers to money generated from different sources. The more recognizable income streams are high-salary career positions coupled with rental properties and interest and dividends earned by trading stock.

For African-Americans who are serious about building wealth to pass on to future generations, investing in the stock market should be a part of the financial plan.

However, many of us face barriers to entering the stock market, such as;

  • How, When and Where to Buy & Sell Stock
  • Having the extra funds to invest in the Stock Market

To help ease these barriers JustasIam.Careers has made this list of apps that can help you get started investing in the stock market.

pie chart credit score breakdown

These apps make investing in the stock market easy, affordable and accessible to everyone.

  • RobinHood:
    RobinHood is owned by Jay-Z and offers commission-free trading on stock, ETF, crypto and options. There is no account minimums, meaning you can start trading stock with as little as $5.00. The app converts the amount you fund into fractional shares. The app is currently offering a free share of stock to new members.
  • Stash:
    With the Stash app you can start investing in Cannabis related stocks with as little as $5.00. The app provides investment plans that range in price from $1 to $9 per month. And allows you to trade stock, ETF and Roth & IRA investment plans. Depending on which plan you select you could have access to retirement fund investing, child investing, life insurance and personalized advice.
  • WeBull:
    WeBull is a self-directed brokerage app. When you sign up a brokerage account (IRA or Individual Brokerage) is established for you. The app provides the tools you need to decide which stock trades to make and charges $0 commission fees.
  • E*Trade:
    With the E*Trade investment app you can trade stocks, futures, options, mutual funds and bonds. E*Trade platform of products offer investing for beginning and experienced investors, alike. I like this app because it's website is easy to use and walks those of us who are new to investing thru the investment account funding and purchasing the first stock.