Investing in the stock market for the first time is intimidating, but it doesn’t have to be. Twenty years ago, if you wanted to start investing, you might have called a full-service broker on the phone who charged outrageous fees just to make a trade. Now, discount brokerages and do-it-yourself models allow regular people to make their own trades for a fraction of that cost — and user-friendly investing apps allow anyone with wifi and a bank account to start playing the stock market from the comfort of their phone. For “hands-off” investors that don’t want to handle the daily investing decisions and portfolio rebalancing, some of these apps will even manage your entire account at no additional cost. If the only reason you still pay a fee to have a traditional broker, like Edward Jones, keep on reading to see how you can save some serious money without compromising portfolio performance!
Let The Money Pouch do all the work for you!
The Money Pouch is a free wealth management and investment app that will for sure make all of our lives easier. We’ve been working really hard for our money and with this investment app we can take the next step and invest our cash smart and wise. No more staying up all night and spending all of our free time trading to achieve our desiered goals. The Money Pouch app comes with robo advisor, an automated algorithm portfolio manager, without the interferences of human emotion and bias which often lead to emotional errors and mistakes. With this app we can auto-pilot the trading of investments.
Robo advisor 24/7
This app can manage our investment account 24/7, all day and every day! It uses the Modern Portfolio Theory, which is an automated algorithmic trading, risk profiling, and frequent rebalancing that maximize our returns. This app manages our investment accounts with taxes in mind, as we all know that minimizing our taxes is the key to grow the low-turn investment returns. While most portfolio bonds and investment platforms charge an annual fee plus service charges, admin fees and performance fees, The Money Pouch and the robo advisor reduce those charges down to an insignificant amount while including all of the important trading algorithms we need.