This site cuts down on the cost of investing so you can make more money – Business Insider

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  • Many apps and online services help interested investors trade stocks, bonds, and options, and save up for the future.
  • At $4.95/trade and $3.95/trade for active investors, Ally Invest makes investing more accessible by cutting down on potentially prohibitive costs.
  • Hands-on investors can take control of their own trading, while investors who’d like a little more guidance can opt for automated, managed portfolios.

Investing for a future large purchase, your retirement, or to simply build your wealth is a smart financial decision, but factors such as lack of general knowledge and high costs of investing often deter people from jumping in the investment world.

The whole system can seem intimidating or confusing, especially when conducted through traditional banks. For those looking for better-designed, low-cost alternatives to begin investing with, one service we recommend is Ally Invest.

Formerly TradeKing, which was acquired by Ally Bank in 2016, Ally Invest offers two types of approaches, Self-Directed Trading and Managed Portfolios. Very active and less involved investors alike will benefit from Ally Invest’s low fees, streamlined web-based platform, and dedicated customer service.

Below, we take a closer look at Ally Invest’s services, including how they work, how much they cost, and the tools and resources available to you.

Open an account and start investing with Ally Invest here.

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