Tech and Business: Best Apps to Invest Money

Looking for the easiest way to invest money or keep track of the investments you have already made? If the answer is yes, you will be glad to hear there are plenty of apps out there designed for that specific purpose. Here are some of the best! SigFig With SigFig, investing money is as simple […]

Looking for the easiest way to invest money or keep track of the investments you have already made? If the answer is yes, you will be glad to hear there are plenty of apps out there designed for that specific purpose. Here are some of the best!

SigFig

With SigFig, investing money is as simple as it gets. First you need to answer some questions about your background and information, after which the app creates a portfolio just for you. It is sometimes called the robo-advisor, since it makes suggestions according to the information you provide. It also gives you the option of letting people from SigFig manage your investments, which might be a good idea for beginners.

Motif

There is a “motif” behind this name. Namely, the app contains all sorts of different investment concepts which are called motifs. There is over 150 of them, and you can base your investments on suggested ones. But to make it even better, once you get the hang of it, you can also create your own motif.

Bloomberg

This app is not for investing money per se, but it still deserves to be mentioned since it has been deemed invaluable to beginners. The main reason for this is the fact that it gives you access to tons of hugely useful information, especially if you are new to the field. Also, if you need something more specialized, you can always choose between Bloomberg Businessweek+, TV+, Radio+ and so on.

Acorns

With the help of Acorns, you can become a success at micro-investing. What the app does is actually really simple – it collects your “change” and invests it for you. The collecting happens every time you buy something, and the app rounds up the sum. It goes without saying that you can also make the investments yourself.

YahooFinance

This is another app that doesn’t really let you invest, but is still invaluable to anyone who wishes to try their luck in the world of finance. Basically, it gathers all the relevant news for you and serves it up in a single newsfeed, so you never get any surprises with your investments.