Wednesday, August 23, 2017

Three Apps For First-Time Investors

Investing, whether in the stock market, real estate, or tech, can be intimidating if you’re not intimately familiar with the inner goings of such activity. Fortunately, with the advancements in technology come a plethora of apps that can help us in this endeavor. Here are three of them.

Image source:cnbc.com
Robinhood

One of the biggest draws of Robinhood among new investors is its $0-commission brokerage firm that makes it easy for anyone to invest without having to pay the typical fee of $10 for every trade you make. Investors make money through their Robinhood Gold membership and earning revenue from interest gained from cash in their accounts much like a bank.

Hello Money

Hello Money’s idea is centered on letting you choose different funds and stocks to create your ultimate portfolio one piece at a time. It allows you to pick from over 24,000 different funds and stocks.


Wealthfront

Perfect for those who can’t watch over their investments by the minute, this automated management service maximizes the “net-of-fee, after-tax, real investment return for each client’s particular tolerance for risk.”

Hi, I’m Taihwa Terry Ho. I’m a capital investor by trade. I’m a technophile so I focus my investments in apps that I see a lot of promise. Visit my blog for more investing tips.