https://www.canva.com/ - Canva Pro
Are you looking for an investment app to help take control of your finances? Perhaps you want to save and invest your money, and learn more about the stock and property market whilst doing so? Whatever your reasons for wanting to download and explore the latest investment apps we've got you covered with the newest technology for your iPhone to help monitor your spending habits and put into motion your plans for investing.
The best investment apps will not only assist you in managing your finances but will allow you to invest more efficiently, freeing up time for you to enjoy the returns on your investments. It's all about finding the right app for you, whether you are starting out in the investment world, or looking for a more experienced platform to stay on top of industry news and your current investments and maximise your financial strategy.
We have rounded up five of the best investment apps for iOS users to help keep your assets and finances in order and reach your investing goals - no matter what they might be.
When it comes to investing nothing is guaranteed, and all investments have some level of risk involved. Having said that, many people do not realise that the biggest risk-takers usually get all their money from a single income - typically a 9 to 5 job. By opening yourself up to the possibility of investments as a second form of income, you can minimise risk factors such as redundancy and prepare yourself for retirement.
Where do you start? Well, getting your credit score up to scratch is a good starting point to ensure you remain attractive to lenders. You may have to borrow money when investing, especially if you are going down the property route. Keeping track of your credit score is essential and allows you to stay on top of your finances. Credit Karma is a useful tool that will give you your credit score along with tips on how to improve it. Check your credit score first and work on improving it if need be before you think about investing. Credit Karma, previously known as Noddle, offers a free and easy app for anyone to use.
The investment app Monzo is becoming increasingly popular with Millennials, and Generation Z. Monzo is an FSCS regulated UK bank that allows its users to create an account all from their smartphone. Using the app makes for a quick and hassle-free process as opposed to visiting a bank branch. This investment app gives people the option to track their spending by categorising their transactions, which can then be viewed as a chart to monitor their spending habits. Monzo also offers users free transactions abroad and why many sign up to the banking app. The card you receive once successfully having set up your account is attractive bright neon orange, making it stand out from the rest of your bank cards.
This app is excellent for those starting out, as it is mainly built for small investments and ISAs. Moneybox gives people the opportunity to save and invest their money easily. You can create pension or savings pots to work towards your future goals, and if you've wanted to try your hand at investing, then you can set up a stock and shares ISA, which is ideal for the less experienced investor.
NB - if you plan on saving for an investment, then you might want to consider the property market, as it is currently thriving, and more and more people are getting involved. Property investment is hard work but can provide a second source of income through rental cash flow or through capital appreciation resulting from property price increases over time. RWinvest has free guides, blogs, and podcasts available for you to download if you are interested in learning more about the property market.
This investment app is suited to investors who like to play the long game and has been named the award-winning app of choice. This app is available to download for a small charge of $5.00 per month, allowing you to learn more about the market you are investing in and monitor the progress of your investments in real-time. Titan is designed for users to grow their capital at high rates of return over a long time, whilst providing them with information to make smarter decisions.
Lastly, this app is perfect for gifting stocks and a great idea with Christmas just around the corner. You can start investing with Stockpile from as little as $5, with the option to buy fractional shares if you cannot afford the whole stock. This app is not only favoured because of its redeemable gifting option but as a way for those that enjoy investing to get involved even if they don't have the money to purchase expensive stock. Children can also use the app with the built-in monitored system, which helps you get the whole family involved and, on the path, to securing financial investments.