5 App Ideas for the Novice and Seasoned Investor
Whether you’re a seasoned investor, or a timid first timer. You can’t argue that keeping informed is incredibly crucial to your investment portfolio. Here’s a few apps we think you need to keep your investment decisions smart, informed, and successful:
No matter what level of investor you are, being informed as to what may happen to your money is a pretty good practice to follow. Depending on where you’re at, the economy might not be the greatest and it can be a scary time for investors hoping to see a decent return on their investment. As the best iOS developer in Calgary, we wanted to put together a quick list of apps we believe can help you to “weather the storm” depending on your economical situation. Let’s take a look:
Acorns
Acorns boasts itself as being a fantastic “set it and forget it” investment system that requires very little upfront. This makes the app perfect for beginners and millennials who enjoy using technology to reach their short term financial goals. The app is free… so what’s in it for Acorns? Acorns charges a monthly service fee that can eat up your investment if it’s too small. The best way to come out ahead is to invest a bit more upfront, so those pesky service charges don’t upset your final balance. As of now, Acorns is only accessible on your smartphone which sucks for browser users, however there are plans happening right now to bring Acorns to the desktop scene so you can access your portfolio anytime you need. To find success with acorns, your initial investment should be a bit of a larger lump sum or a few small investments back to back. All in all though, still worth checking out!
Bloomberg
Anyone familiar with the Bloomberg website can rejoice as there is now an app. With the app you can check out news articles, check prices, manage virtual portfolios, review charts, and listen to podcasts of Bloomberg Radio. The unfortunate part is that you can’t link your personal brokerage accounts so you have to enter everything manually for now. A Bloomberg App user remarks “If you’re more interested in world and financial news than you are stocks, Bloomberg doubles up as a great resource for such information. It ties news and the stock market together in a fluid way that users will appreciate.” Think of Bloomberg like that one friend who knows everything and you trust what they’re saying is true, such as the best Android Developer in Calgary. 😉
StockTwits
Imagine an app that let you see what people were talking about, liked, disliked, and trending. Meet StockTwits. StockTwits gathers data from Twitter to see what stocks are being talked about the most. It then builds a list to see what’s popular, moving up, and being discussed by other top investors and traders. Sometimes the information can be a bit overwhelming and hard to decipher, but if you are someone who loves data and makes wants to make informed decisions based on the success of others, StockTwits might be the one for you. Remember though, with an app with this much connectivity, not much stays private in terms of stock choices.
News Apps
Just about any news or business relevant apps will have some sort of investment information. Business channels like CNBC have great apps with tons of good investment information depending on what it is you’re investing in. Be encouraged to go take a look around for an app from a station you trust most. CNBC for example, has a 24 hour real time system that updates you in changes the moment they happen. It also features a good looking, easy to understand interface. If you’re an aggressive investor, this could be what you’re looking for.
Chart Apps
There are tons of apps out there for the hardcore investor looking for the most analytical data. An app called DailyStocks is loaded with stock scans based on prices, volume, patterns, etc. SigFig pulls data from over 100 brokerages all in one to provide good, relevant data. Options Wizard helps you calculate potential profits from various strategies. The list goes on. Do a little bit of digging and see what type of chart app intrigues you? Maybe you’re looking for an all in one app that gives relevant data and predictions. Maybe you’re looking for an app that gives real time data so you can make quick informed decisions. When it comes to your investments, make a clear informed decision about your app just like you would your investment options.
A Final Thought
Everyone is different, and that’s why variety is the spice of life. There are so many app options out there it can be difficult to NOT find the app you’re looking for. Perhaps you have and you need a bit of Android or iOS Development in Calgary to make it a reality? Come chat with us! We would love to sit down with you and help you create a fantastic app that is perfect for your investments. Check out the Contact section of the site and we will get to work setting up a time to sit down and chat with you.
References:
http://www.huffingtonpost.com/gobankingrates/10-best-apps-for-timid-fi_b_6556678.html
http://www.businessinsider.com/17-must-have-mobile-apps-for-investors-2012-8
https://investorjunkie.com/37824/smartphone-apps-investors/
