How Fintech Apps Can Help You Invest
‘I don’t have enough money.’ I don’t know anything about investing.’ These are some common excuses which stop people from investing. Perhaps 15 or 20 years ago these would be valid excuses. However, thanks to the rise of Fintech, the financial services industry is becoming democratised and opening a level playing field for everybody.
Investing is no longer for the wealthy or the experienced and knowledgeable since Fintech investment apps allow you to start investing from as little as $1 and most of them do all the hard work for you. If you have a smartphone and a good Wi-Fi connection, then you can become an investor.
So you’re now probably wondering what apps you can use to invest. Well, without further ado here are the top four apps that we believe are perfect for beginner investors.
8topuz is an artificial intelligence (AI) trading solution. Through utilising AI and algorithms, their leading software offers an automated investing and trading activity on various currency pairs. As the investing solution is fully automated, it doesn’t require any work or knowledge to use. All you have to do is put your money in every month and watch it grow.
Investors can get started from just $500, and with average returns of 20% a year, there aren’t many better investment solutions for beginners than 8topuz.
Betterment is an American robo-advisor that helps you build a stock and bond portfolio through the use of ETFs. Their service is affordable and accessible as they can automate large areas of the investing process by using technology and algorithms. All you have to do is choose how much you want to invest, how long for, and select a risk parameter that you’re comfortable with taking.
There is no minimum investment and no minimum balance, making it a convenient and straightforward way to grow your money over time.
Robinhood is a US online brokerage app that allows people to invest and trade a whole range of stocks, ETFs and cryptocurrencies commission-free. Designed for beginner investors, this broker is helping bring investing to the masses. Although you can invest with little money through this platform, you will have to select your investments which require research.
Just like Betterment, there is no minimum investment and no minimum balance. Robinhood is a good option for investors with limited capital.
Investing in real estate properties used to be pricy, but not any more. Fundrise enables investors to invest in a low-cost, diversified portfolio of real estate hassle-free. All you have to do is choose your portfolio strategy, and Fundrise will then spread your money across a series of investment funds.
Real estate is one of the most sought-after asset classes, and with Fundrise, you can get in on the action from just $500.
Fintech Investing Apps Are the Future
It was not long ago that if you wanted to invest, you had to use a stockbroker or a bank, both of which incur high fees. Fast forward today, and anyone can now invest with just a few clicks on their phone. If you want to start building your wealth, then any of these Fintech apps can help you do it.