00:00what's happening guys it's shane here so
00:02last year i did the video about my
00:05finance apps and it did really well but
00:08a lot has happened since then in the
00:11today robin hood cracks down on trading
00:15as the reddit rebellion dominates
00:17discussion on wall street
00:18and i've also spent a lot more time
00:20using and researching a lot of these
00:22there's so many at this point there's
00:24some new ones that have come onto the
00:25market that i wasn't even aware of
00:27and so that's what this video is it's
00:29going to be an update on my 2020 version
00:31so without further ado
00:33let's jump right into it first one on
00:35the list is going to be
00:36acorns and i have to say this is
00:38probably the easiest investment app to
00:41basically what you do is you hook up
00:43your debit card or your credit card to
00:46and then every single time you buy
00:48something let's say you go to starbucks
00:49and you get a coffee for four dollars
00:52it actually rounds it up to five dollars
00:54and it will invest about 50 cents
00:56into whatever you choose to invest in it
00:58takes like 10 minutes to set it up
01:00super easy so if you're looking for the
01:02easiest possible way to just get started
01:04investing this one can be great the only
01:07problem is they charge you about one
01:08dollar a month in order to invest
01:10and chances are unless you're just
01:12buying stuff left and right that one
01:14dollar charge is gonna be a heck of a
01:16normal brokerages would charge you for
01:18commission so for that reason i'm gonna
01:21acorns into c tier c for costs a lot
01:24next one on the list is going to be
01:26betterment and this one is going to be a
01:28robo-advisor so if you don't know what
01:30robo-advisors are that's basically
01:32kind of like an algorithm that invests
01:34for you and sometimes they'll even give
01:35you financial advice
01:37they have little to no human
01:38intervention whatsoever some of the robo
01:41advisors have a little bit and then some
01:43quite a bit more but this one doesn't
01:45have all that much intervention now robo
01:48relatively new i would say that
01:50betterment is one of the better ones out
01:51of all the robo advisors there's so many
01:54so i'm gonna go ahead and put this one
01:58b-tier b for better than average next on
02:01the list is going to be
02:02m1 finance now m1 is sort of like a
02:05robo-advisor brokerage hybrid
02:07so it's a good kind of combination
02:09between having that automated
02:11investment so you don't have to spend
02:12too much time on it which you know
02:14time is the most valuable currency as
02:17and then also having a little bit more
02:20control over where your money's going
02:22they also have pretty much zero fees on
02:24their platform which is awesome
02:26i used m1 finance i really liked it i
02:28think it's probably the best robo
02:31i liked it so much that i actually
02:33started investing my
02:34roth ira into m1 finance so i move my
02:38over from fidelity which is also awesome
02:40into m1 finance just because of the fact
02:43hands-off it is i don't have to do
02:45anything with it so m1 finance
02:47is going into s for shares are bought
02:51all right so next one on the list is
02:53going to be mint.com this is one that i
02:56used for years i absolutely loved
02:59it was great for budgeting just keeping
03:01things simple and budgeting
03:03and i made an entire video about it
03:05mint.com because i liked it so much
03:07basically what happened is the company
03:09moved away from their free product which
03:12into kind of uh not really providing any
03:16like you would call and you know they
03:18wouldn't have any support they'd tell
03:19you to call another number and then the
03:20other number would tell you to call back
03:22to the original number
03:23just really awful support there was a
03:26and you could just tell that the company
03:28uh decided into it is the the parent
03:31they decided to move away from their
03:32free product of mint
03:34and so this used to be an amazing
03:35product it looks like they're still kind
03:37of going down that route of not really
03:38providing much support for it
03:40so for that reason it is going into d
03:42tier d for disappointed
03:44next one on the list is a really good
03:46alternative to mint.com which is
03:49started using this one last year huge
03:52fan of personal capital it's very
03:55not quite as detailed but it's kind of
03:57like a wealth planning
03:58site very easy to use good budgeting
04:01tools customer support is great
04:03i've been really enjoying uh personal
04:05capital they are gonna go into
04:07s tier s for super useful next one on
04:10the list is gonna be
04:11a very controversial company they have
04:14been in the headlines
04:15all throughout 2020 and into 2021
04:18robin hood so i used to be a huge fan of
04:21robin hood i still maintain that they
04:23changed the investing game
04:24forever when they basically made fees
04:28all of the other brokerages kind of
04:31robinhood basically made it to where the
04:35could invest for very low fees and also
04:38get into investing extremely
04:40easily okay so they changed the game
04:41forever you got to give them credit for
04:44but unfortunately they were involved in
04:46a huge controversy this last year
04:48a lot of people probably know about it
04:50you know they block the
04:52buying of a gamestop stock when it was
04:55going up when hedge funds were losing
04:57billions of dollars to average normal
05:01and that actually helped the hedge funds
05:03out and hurt normal people now there's a
05:05lot more to it than that you know there
05:06are certain stipulations that they have
05:08to meet as a financial company you know
05:11of robin hood came out and he kind of
05:13explained what happened
05:15and you know there's a lot more to it
05:16than that but they seem to be the
05:19scapegoat for the entire situation
05:21also uh there is a lot of limits to
05:24robin hood and how you can use it how
05:27they make money is a little bit
05:28sketchy as well to say the least and uh
05:31you know i've just been
05:32i haven't been using robinhood as much i
05:35think i really like using
05:36weeble which is kind of a the main robin
05:39hood competitor it's a little bit more
05:40difficult to use than robin hood just
05:42slightly more difficult but there's just
05:44so much more that you can do
05:46on weeble so overall i'm gonna have to
05:49drop robin hood down into b tier
05:52b for blocked gamestop stock next one on
05:55the list is going to be
05:56stash and this is a really interesting
06:00basically what stash is all about is
06:04you really believe in something like
06:05let's say you really believe in like
06:07augmented reality okay you can invest in
06:10companies that are surrounding
06:12that entire technology right so you can
06:15really get down to what you believe in
06:17you are really into like sustainable
06:19energy you can invest in companies that
06:22sustainable energy friendly right so you
06:25what types of companies that you invest
06:27in and then they sort of like make
06:29everything else automated for you
06:31so this is a new thing that i see a lot
06:33of people really getting into
06:34is they don't care as much about the
06:36profits like they're willing to maybe
06:38take a few hits on when it comes to the
06:40but they want to invest in things that
06:42they really believe in so that's why i
06:44think stash has been so
06:45popular especially with the younger
06:47crowd so you know stash is kind of a
06:49dark horse candidate
06:50they could potentially be even worth
06:53more in the future but at the same time
06:55i could see some of these other
06:57companies kind of copying what they do
07:01so i'm gonna go ahead and put stash into
07:04b tier b for belief and investing in
07:08next on the list is going to be titan
07:11you know this one is really interesting
07:15when i went over them i wasn't a huge
07:16fan of them but they have done
07:19really really well especially over this
07:22this you know 2020 and this last bull
07:24run that happened titan has
07:26really performed well so i got to give
07:27them props for that but basically what
07:29titan is or i guess kind of the way that
07:31they market themselves which
07:33i don't know to me it's just a little
07:35bit sketchy but the way they market
07:38like you have access to hedge fund
07:41and they invest for you but they sort of
07:44how they're investing so the way they
07:46market themselves is they're bringing
07:48hedge fund investing to the general
07:51public so if you're the type of person
07:52who wants to get really serious about
07:54investing like maybe you want to go into
07:55the finance industry
07:56maybe you should invest on this one just
07:58so you can kind of see their thought
08:01their stock picks now i'm not really
08:03into like hedge fund investing and like
08:05mutual funds and that sort of thing i
08:06think mutual funds are great
08:08it's just that index funds are better
08:10the reason for that is because index
08:12funds do just as well as mutual funds if
08:14not a little bit better
08:15but there's less fees but with that
08:17being said you got to give titan their
08:18props they did great over this last year
08:21i'm going to go ahead and put them into
08:23b-tier next on the list we're going to
08:26wealthfront another robo advisor this
08:29is you know they all have their own kind
08:31of little flavor to them they're not all
08:33exactly the same this type of robo
08:37other services kind of like wealth
08:40so it's not just about investing but
08:42it's about the full financial picture
08:45wealthfront is trying to do for you so
08:47they're kind of integrating like your
08:49financial picture together so that you
08:51sort of just have one
08:52platform to go through that will kind of
08:55so i've used wealthfront's emergency
08:58fund for a while i thought it was really
08:59good it was like 2.57 percent at one
09:01point and then it dropped down like
09:04when stocks dropped and it hasn't really
09:06recovered so that was a little
09:08but if you want a service that just
09:10invests for you makes everything
09:12super super easy you got to give it to
09:15they are great you just put your money
09:17in with them you you set it to be
09:19automated and they'll just do all of the
09:21for you and they'll also give you really
09:23good financial tips along the way they
09:25also do what's known as cash loss
09:26harvesting and they can do that
09:28automatically for you which can save you
09:29a little bit of money when it comes to
09:33really big fan of wealthfront i'm going
09:34to go ahead and put them into
09:36s-tier s4 superior robo advisor next one
09:39on the list is going to be
09:40weeble and this is my favorite company
09:42for beginners okay so
09:44if you're a beginner you've never
09:46invested before i think this is the best
09:48company to start with the reason
09:50for this is not only because they're
09:51very easy and beginner friendly they've
09:53got a great interface on their app but
09:55on top of that they offer you a free
09:57promo just for signing up and it's
09:59probably the best promo in the entire
10:01depending on when you sign up you know
10:03as long as you invest about a hundred
10:04dollars they're gonna give you somewhere
10:05between like fourteen hundred
10:07and eighteen hundred dollars in free
10:09stocks usually it's like two to four
10:10free stock sometimes they run promos and
10:12it's a little bit more but it's like a
10:14ridiculous value you get
10:16so much just for starting off investing
10:18with them and because of that
10:20so many people that probably never would
10:22have invested have started to invest
10:24and you know sometimes it's not about
10:26how good the return is
10:28it's more about just getting people to
10:30start investing right getting people
10:31excited about investing at an early age
10:34right so if this gets people excited
10:36about investing at like 18
10:3719 20 instead of the average person who
10:40probably doesn't even start investing
10:41until they're like 35 years old
10:43then that is a great thing you can also
10:45check out their link down in the
10:48i think right now it's about eighteen
10:49hundred dollars up to four free stocks
10:52very user friendly takes like 15 20
10:56love weeble i actually have multiple
10:58accounts with them because i use them
10:59for some of my videos here on youtube
11:01this one clearly goes into s tier s for
11:05easiest way to buy stonks next on the
11:08also known as you need a budget it's
11:12app this one charges a certain amount
11:15it changes depending on the promo it's
11:17like seven to like 12
11:18per month just to have a budgeting app
11:20there is an entire community of people
11:23ynab and i just don't understand it it
11:25seems like a cult to me
11:26you know i i don't see how this app can
11:29be better than the free ones i mean it's
11:31just very easy to set up like a
11:33free or you know app that's a budgeting
11:36system i i don't understand it
11:37you can also just you know budget using
11:39paper there's a lot of different systems
11:41you can use like the envelope system
11:42google excel spreadsheets i've actually
11:44made several videos on my channel about
11:46so i i don't get it you know there's a
11:48there's so many people who really like
11:50ynab i i just i don't know f tier i'm
11:54f4 should be free next on the list is
11:57public and uh this is a new company
12:00what i really like about public is they
12:04long-term investing okay so public is
12:07one of those companies that encourages
12:09long-term investing which you know i
12:10talk about this all the time on my
12:12the best type of investing is going to
12:14be long term you know doing like day
12:16trading or swing trading
12:18most people end up failing with that
12:20however it's very difficult to fail if
12:21you invest for the long run and you
12:23diversify it also kind of sets
12:26like a social media type investing
12:28platform so it's sort of trying to be
12:30investing like making investing cool and
12:33specifically making long-term investing
12:36i'm totally behind that mission really
12:38like public i'm going to go ahead and
12:41s tier as well s for social media for
12:45next on the list is going to be zach's
12:47trade and they kind of encourage
12:49like day trading kind of like penny
12:50stock type of trading which i'm not a
12:52big fan of personally
12:54however if you are into day trading they
12:56are going to be one of the better ones
12:58they've got really good research
12:59functions and just really good
13:00functionality in general
13:02so if you're into day trading this is
13:04going to be one of the better ones i'll
13:05go ahead and put zach's trade into
13:07c tier next one on the list is going to
13:09be ally invest and i would say that this
13:11is a company that has done a really good
13:13job of kind of integrating
13:15a ton of different finance related
13:18so you know you've got the online bank
13:20account for instance they've got a great
13:21online bank account then they've also
13:23got this investment platform i think a
13:25lot of these companies are sort of
13:26moving towards trying to combine all of
13:28these services into one so that people
13:30don't have to go to like five different
13:32apps just to use their financial
13:34services ally has done a pretty good job
13:36of doing that i'd say they're
13:38pretty close to being the best when it
13:40comes to combining all the services
13:42it's not quite there yet i would say
13:44they're kind of a dark horse candidate
13:45they could turn out really well in the
13:48right now i'm going to go ahead and put
13:49ally into a tier a for
13:51all around pretty good service all right
13:53next on the list is going to be
13:55cash app this is a new one that's kind
13:56of burst onto the scene
13:58and they are sort of a combination of
14:00being almost like a venmo where you can
14:02cash from one person to another but at
14:04the same time they also offer an
14:05investing platform as well
14:07so i'm relatively new to this one
14:09haven't really looked into it all that
14:10one thing that's a big positive that
14:12popped up when i was doing my research
14:14people who got their stimis you know
14:16their stimulus checks a lot of them were
14:18that if they used cash app they would
14:20get their money right away
14:22whereas banks would hold their money
14:24sometimes for several days before they
14:26would release it to them so that's
14:28pretty cool that cash app was able to do
14:31i was doing some research on this one
14:32and it doesn't seem like they are
14:34fdic insured so if you're using it as a
14:36bank account they're not necessarily
14:38insured the same way
14:40and it wouldn't necessarily be as safe
14:42as normal bank accounts
14:43so this one could do a lot better when i
14:46next year but right now i'm going to
14:48have to put them into d
14:50tier next one on the list is going to be
14:52another one where they're relatively new
14:54and they're trying to break into the
14:56investing game and just use a bunch of
14:58finance related services and that's
15:01now sofi is best known for being a debt
15:05so they will help you if you want to
15:08consolidate your debt especially if it's
15:09like student loan debt for instance and
15:11then refinance it now with sofi you are
15:13going to have free management and access
15:15to financial experts that can help you
15:18just finance situation in general you
15:21some choice over whether you invest
15:24automatically or you have more control
15:26over your investments they've actually
15:27separated those two functions which i
15:29think is pretty cool
15:30so overall i'm not going to put them in
15:33they're just so new and i couldn't do
15:35that with a new company
15:36i think one of the most important things
15:38in the finance world is that
15:40you know you choose companies that have
15:41been around for a little bit just
15:42because of the fact that
15:44you know sometimes companies will offer
15:45some really good promo and then a year
15:47later they take it away it's like a bait
15:49and switch you see this
15:50all the time in the finance world so for
15:52that reason i'm gonna go ahead and put
15:55a tier but maybe this time next year
15:57there'll be an s tier we'll just have to
15:59now for my people who are international
16:02i know sometimes like that's one of the
16:05comments that i get on my videos when i
16:07talk about these investment apps is
16:09people were like oh what
16:10what if i'm in europe what if i'm in
16:12australia okay so i did a little bit of
16:14obviously i haven't used any of these
16:16but the ones that you should look into
16:19if you're in europe would be etoro de
16:22and revolut in canada it would be quest
16:24trade or wealth simple trade
16:26in the united kingdom trading 212 is
16:29free trade is also pretty good really
16:31like that name right free trade
16:33and in australia i would look into steak
16:36self wealth okay so those are the ones
16:39that i would look into if you are
16:41in the other english speaking uh
16:43countries that commonly watch my content
16:45see i don't forget about you guys i care
16:47about you as well alright so
16:49if you enjoyed this video go ahead
16:51gently tap that like button hit the
16:53ring the notification bell comment down
16:54below any thoughts comments criticisms
16:57which ones i got right which ones i got
16:59wrong and also share
17:00your experience with these uh different
17:04and before you go check out my other
17:05videos right here i made them
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