As a first-time investor, even if you understand how the stock market works, you might not know how to play the market wisely. Luckily, there are apps designed specifically for novice investors — the technology is simple to understand, yet the features are comprehensive. These apps not only facilitate stock purchases, but they can help compare fees, offer investing suggestions, analyze mutual funds, aggregate net worth or even track cash flow. If you’re a “hands off” investor that doesn’t have the time to research potential investments or know the difference between a stock or bond, these apps do all the hard work for you like portfolio rebalancing and executing trades. These automated investing apps will be a natural step if you currently invest with a human financial advisor, except your fees will be significantly lower. All you have to do is fund the account, decide how much you want to contribute each month, and let the app know your investment goals.
What exactly is The Money Pouch?
The Money Pouch is a free wealth management app for automated ETFs trading at a low fee. The app comes with a robo advisor, an online wealth management service that will provide us with automated and algorithmic based portfolio management. If a computer algorithm, that never sleeps, can do all the work for us, why spend late and precious hours trading when a robo trader can do that instead of us! The choice of where to invest our money is always a hard and difficult decision and depend on many factors, our objectives, amount of time we have and risk profile, and this app can do all this, and much cheaper than the price of a qualified human financial adviser.
The Money Pouch features
The Money Pouch comes jam-packed with amazing and useful features. Its software will manage your investment account 24/7 while you concentrate on other aspects of your business or personal life. It has lower fees than a human financial adviser and it comes at a fraction of the cost that they and hedge fund managers usually charge. The app manages your investment account with taxes in mind, and we all are familiar that minimizing our taxes is of a key importance to maximizing our long-term returns. And most importantly with The Money Pouch there are no lock-ins. This means you can cash out your investment portfolio at any given time.
The Money Pouch is an amazing investment app you should really try. If you decided to give The Money Pouch a try you can find it for free at both Google Play and the App Store.
Google Play Store download link: The Money Pouch
Originally posted on Intellectuapp.
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