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.