Bloom: Investing for Teens Review

Bloom: Investing for Teens is a free iPhone app developed by Contour Labs Inc. It is a platform that aims to teach teens and young adults about investing and personal finance. With more than 500,000 users, Bloom offers 150+ interactive financial lessons that are crafted by Ivy League professors and business leaders. The app covers critical topics like investing, money, credit, saving, and more. Bloom also allows users to invest in 5,000+ stocks/ETFs, 5 cryptocurrencies, set up conditional and recurring orders, and track their favorite stocks via price alerts.

The app offers a unique reward system where users can earn “Oinks” for completing financial lessons and quizzes, pass the “Investing Basics” quiz, and play games like “Guess the Stock”, “Card Game”, and the “Stock Simulator Tournament”. Oinks can be exchanged for real rewards like stocks, raffle tickets, gift cards, and more. Bloom also provides parental controls and options for parents to approve their teen’s stock trades, monitor their investments and returns, and control the types of assets that they can buy and sell. Bloom is SIPC insured up to $500,000 and protected by bank-grade encryption and authentication.