Your investments are like a garden—they need regular tending and care in order to grow. Whether you make your own investments or work with money manager, a financial app can help you keep tabs on your investments without spending hours jumping from website to website, hunting for information. A financial app can be a one-stop shop for data, analysis, and strategies that may help you grow your investments. Look for an app compatible with your mobile device and has the features you are looking for.
Stay Current
It can be overwhelming to watch the way headlines can affect asset classes especially stocks, currencies, and commodities. One cataclysmic event could send shockwaves through the markets of several countries and send indexes down dramatically. On the other hand, positive global news can move markets up in ways that cannot be predicted. While you may not be able to foresee news and headlines at the time, you can at least stay current with events around the world that are likely to affect your investments. An app that can track your portfolio, and provide updated stock charts for your entire portfolio is Stocks Tracker. It combines real-time market updates and how they apply to your portfolio.
Get an Expert Opinion
If you have a financial advisor managing your investment portfolio, a financial app can provide market insights and analysis.For example, the Fisher Investments app on iTunes provides news and commentary from research experts at Fisher Investments, as well as headlines relevant to investments. You can also access opinions about certain kinds of investments as well as strategies outlined by the firm. Look for other financial apps by wealth management firms as well financial news broadcasters such as Bloomberg and CNBC.
Reading analysis of investments can be a valuable tool in making investment decisions. It is important to know what other investors are saying about your stock or commodity. You may not agree with the opinion of a certain analyst, but it is important to keep track of opinions for and against specific investments. Whether you disagree or disagree, knowing what is being said or written about an investment can make fluctuations in value less surprising.
Reaching out on Social Media
Among social media’s myriad uses is creating a platform for investors to stay informed about their holdings and to be involved in conversations about finances. You can “follow” an investment expert and apply their strategies and advice or prompt discussion about a specific stock or options trade. This interactive discussion of investments can help you refine your strategy and give you new ideas regarding where to invest your money. The advantage of social media is you can ask questions and have them answered fairly quickly.
Financial apps, whether free or paid, could represent a significant investment in your future. You can receive general news right away and read investment-related headlines on your mobile device, and can dramatically cut the time it takes to research investments. By using different types of apps, you increase your financial IQ, and hopefully your portfolio.
