is this a good investing app for beginners?

no
it's terrible
don't pollute your mind with it

>>1266758
use robinhood

it is actually quite good.
about as safe as you can get.
super easy
gives you exposure to a range of different markets/bonds
all the day trader fags dont like it because its more of a long term play.

>>1266758
It's good. I'm in Aus and use it as a savings account. I've had it since Jan and it's currently at 5.5%. Obviously this is not a guaranteed return and could change tomorrow but I'll keep depositing till it hits the $5000 mark then withdraw it and put it into something more tangible.

>>1266758
Fucking thing keeps locking me out of my damn bank account so I say no.

>>1267097
also ausfag, ive been pretty terrible with savings and this is helping me save pretty easily, also getting about 6% at the moment

signed up to acorns a couple weeks ago with $6k. $104 profit so far, not bad.

>>1267422
also australian btw

Fellow ausfags,
>why should i dl this
>what is it
>it's 9 degrees in bris help

>>1266758
what's wrong with robinhood?

>>1266758
My buddy put in $5 and made $14, then made $40 from $10 (he just used some spare change, essentially, lol)

I'd say go for it if you don't want to learn stock trading yourself.

>>1268034
>>1267422
>>1266892
so is it just a good set it and forget it while it makes you some extra spending money on the side, but not as good as doing it all yourself?

What type of portfolio are you all using? I'm using the most aggressive one.

>>1267514
Most places don't have RB

>>1268063
moderate one
up 3.63% no bad considering you dont really have to do any market research

>>1267104
>>>1266758 (OP)
>Fucking thing keeps locking me out of my damn bank account so I say no.
>>1267104
THIS

>>1268060
It's probably better than doing it all yourself, because investing in individual stocks (like a lot of the people here) is a crapshoot, at best. Most people with moderate savings rely on the overall growth of the market, not picking a few specific stocks. They spend their time learning something valuable to the overall market, and invest their extra money in retirement accounts or brokerages with diversified products.

Use it in addition to your own portfolio. Make it literally a spare change dump.

Or just put $10 in every week. Forget about it for a long while, check back at that savings fund you just put away at a better growth rate than any bank account.