In the ever evolving world of investing, more and more beginners are looking to dip their toes into the stock market while also aligning their investments with their values. Sustainable investing, also known as socially responsible investing, has been gaining traction in recent years as individuals seek to support companies that prioritize environmental, social, and governance (ESG) factors in their operations.
For beginners looking to start their sustainable investing journey in 2024, there are a plethora of stock market trading apps available to help make the process easier and more accessible. Here are some of the best stock market trading apps for beginners interested in sustainable investing:
1. Robinhood: Known for its user friendly interface and commission free trading, Robinhood is a popular choice for beginner investors. The app also offers a feature called "Collections" that groups stocks based on themes such as "Eco Friendly" and "Renewable Energy," making it easier for users to find sustainable investment opportunities.
2. E*TRADE: E*TRADE is another well established trading platform that offers a wide range of investment options, including ESG focused funds and ETFs. The app provides educational resources for beginners to learn more about sustainable investing and offers tools to help users create a diversified portfolio.
3. Acorns: Acorns is a micro investing app that allows users to invest spare change from everyday purchases into a portfolio of ETFs. The app offers a socially responsible investment portfolio option that focuses on companies with strong ESG practices. Acorns also provides personalized recommendations based on users' values and financial goals.
4. Stash: Stash is a beginner friendly investment app that offers a variety of ESG focused investment options, including themed ETFs and individual stocks. The app's "Impact" feature allows users to track the social and environmental impact of their investments, making it easy for beginners to align their portfolio with their values.
5. SoFi Invest: SoFi Invest is a comprehensive investment platform that offers both traditional and sustainable investment options. The app provides access to ESG focused ETFs and allows users to customize their portfolios based on their values and preferences. SoFi Invest also offers educational resources and personalized investment recommendations for beginners.
As more investors seek to make a positive impact with their money, the demand for sustainable investing options is only expected to grow in the coming years. With the help of these stock market trading apps, beginners can start their sustainable investing journey with confidence and ease in 2024.