Bloom App is a new investment app launched in 2022 that aims to simplify investing for beginners. It does this by offering interactive financial lessons and a gamified rewards economy that can help make investing easier to understand and more fun. This makes it a good starting point if you’ve never invested before.

Despite being fairly young, this fintech platform has already crossed 1 million years. It is also backed by Y Combinator and has received some high-profile media mentions from Forbes, AP, and Yahoo Finance.

Before reading more, keep in mind that Bloom costs $15 per month. A bit pricey, considering that there are plenty of free investing apps that you can use.

→ Looking for other platforms that you can use to invest? Check out our article the Best 12 Investment Apps for 2024.

Bloom App Review 

Bloom App offers similar functionality to a lot of other investing apps, including features like:

• Fractional shares
• 5,000 stocks and ETFs
• 24/7 access
• Real-time monitoring
• Bank-grade security
• SIPC insured account

But, Bloom App separates itself by offering 250+ “investing lessons.” These lessons are a mix of video lessons taught by pros and investment guides that are tailored to the ideologies of different famous money managers. In total, Bloom has over 150 lessons on topics like:

• Investing Basics
• Picking Your First Stock
• How to Invest
• Hot the Market Works
• Fundamental Analysis
• Position Sizing

Should You Download Bloom? 

The range of educational materials makes Bloom a good one-stop-shop if you’ve never invested before and need your hand held a little bit. On top of that, Bloom offers “rewards” to its investors and claims to pay out $6 per month in rewards to each user. Not bad. But, it’s not entirely clear how these rewards are paid out. Plus, when you remember that the app costs $15/month, you’re still coming out in the red each month.

Bloom App is still fairly young. But, it has already gotten a lot of traction in the form of 1 million users, high profile media mentions, and backing from Y Combinator. If you’re brand new to investing then you’ll probably want to at least check it out.

But, if you are a more established investor then you probably shouldn’t waste your time. Bloom likely offers the same exact service as dozens of other apps. If anything, it is lacking in terms of the tools and assets that other platforms offer.

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