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15 Must-Have Apps For Investors

15 Must-Have Apps For Investors

Today, the whole world is going mobile and fast. The role of mobile technology is increasing and has major impact on people’s day-to-day lives. Now, investors trust on their smart phones and tablets more than their laptops. Because of the increasing usage of mobile technology, app developers are working hard to meet the needs of these investors. There are a lot of great investment apps on the market; here are some worth checking out to stay on top.

1. MarketWatch

    Gather important financial news, global market stories, prices in real time and daily analysis of the market, this free app keep you updated with the stock market news, even when you’re on the go.

    Pros:Quick access to new stories with MarketWatch makes it that much easier to remain up to date with all that you need to know – required for any investor.

    Cons:This app requires to swipe up and down to check out the latest market update, which is spontaneous compared to swiping left and right and usual in other apps.

    2. Forbes Intelligent Investing

      If we talk about some trusted names in the financial world, there are few that can compete with Forbes. With video interviews, panel discussions, investment articles, and features relevant to the market, this is one app you can’t neglect.

      Pros:This app gives a good insight about the world of finance from valued professionals. It’s up to date and current news features and enables the user to save favorite videos and features.

      Cons:This app takes a disappointingly long time to open; with screen freezing issues, some sections are empty. The interviews with top experts in the field aren’t lively but just as you become captivated in an interview, the video freezes.

      3. Bloomberg

        When it comes to up-to-the-minute information on stocks, bonds, commodities, and currencies all over the world, few apps do it better than Bloomberg. Besides trackers for this info, which you can customize as you see fit, the app also offers breaking news and headlines from Bloomberg’s global journalism network. The app presents these features in an easy-to-use, highly eye-pleasing package.

        Pros:Bloomberg provides lots of customization options; Stock summary and Graphs that help investors make an informed decision.

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        Cons:Users with wide portfolios probably need more information than what Bloomberg app provides. User can’t hide news sections that are not relevant.

        4. SigFig

          SigFig stands out for going the extra mile to provide such service that could make it your most trusted adviser. SigFig will give all the information about the hidden fees, overcharges, drifting funds, and other problems that you might use to neglect. SigFig also offers suggestions to optimize your gains.

          Pros:This app gives you the best way to look at your stocks and other investments. Shows everything clearly, in the best format, suggests better investments according to their automatic algorithms.

          Cons:Many other investment apps offer complete services for storing and checking investment data and updating your portfolio; SigFig is no exception.

          5. AnalystRT

            If you’re one that uses analyst ratings as part of your research, check out AnalystRT. This app includes analyst ratings for thousands of stocks and allows you to create a watch-list for stocks that you’re considering to buy.

            Pros:With Analyst Rating Tracker, you can track Buy, Sell, Hold stocks ratings given by research analysts from world’s largest banks and research firms in the palm of your hands.

            Cons:There is no website interface for the data; you cannot access the same info from website.

            6. StockTouch

              This app features a unique view of global stocks and ETFs. You can change the way it categories the stocks between percentage gains, market capitalization, volume, and alphabetical.

              Pros: This app has very attractive, responsive graphical interface that provides a quick view of market trends and charts and summary information.

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              Cons:You can’t monitor ETF’s, mutual funds, or stocks not categorized in the top 100 of their sector.

              7.ChartIQ

                Technical traders would love this app. In this app you can view, bar, line, candlestick or wave charts with various indicators. You can even include trend lines, remarks, rays, sections, and zig zags.

                Pros: all the news, posts and opinions from more than 200,000 users of ST can be viewed at the right of the screen.

                Cons: Some functionality just doesn’t respond

                8. E*TRADE

                  This is exactly an all-in-one app, that not only allows you to get real-time price quotations for almost any stock, ETF, mutual fund, or option, but you can also buy and sell them.

                  Pros: voice recognition, barcode scanning, educational videos, research reports and additional chart features are added in this app.

                  Cons: Once orders executed, there is no functionality available to easily close out positions from the menu.

                  9. Motif

                    Motif Investing helps you in making your investment strategies in a safe environment. The app uses themed portfolios to explain the ups and downs of function markets and gives a valuable learning experience.

                    Pros: Motif does offer investors the opportunity to essentially create their own ETFs.

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                    Cons: Motif doesn’t offer the trading tools and research opportunities of some traditional brokerages

                    10. Personal Capital

                      Personal Capital simplifies procedures by giving you a platform to organize all of your investment information in one suitable place. The app’s greatest deal is its simplicity and effectiveness; it will shorten your broad financial status in into a concise summary.

                      Pros: Personal Capital can be used on your computer, smart phone or tablet. This makes it easy to check or track accounts on the go.

                      Cons: There really isn’t much bad about this app. It’s exceptional for a free tool.

                      11. Stock Twits

                        StockTwits is just like Twitter for traders. Along with the Twitter-style feed, there are some traders who also post charts and videos offeringfree technical analysis. If you’re a short-term broker, this is very useful app to watch and top of all, it’s free.

                        Pros: StockTwits is ideally suitable for those who need a social network to keep them updated in to what other investors are thinking and doing.

                        Cons: Twitter feed doesn’t update often enough, the stream doesn’t automatically update.

                        12. CNBC Real-Time

                          The CNBC Real-Time app gives you free access to real-time stock prices – before, during and after market hours, straight from both the New York Stock Exchange and NASDAQ Marketplace.

                          Pros: In this app, additionally you will receive CNBC breaking news alerts, top news stories & analysis, and access to the latest CNBC business video clips, interviews and market updates.

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                          Cons: The ads in this app are problematic and exhausting. The previous version was reasonably good as the ads used to take a very little space. However the current version has the 10 percent of the content space and ads never disappears.

                          13. Daily Stocks

                            The Daily Stocks app can provide you all the technical updates of the market and is aimed to focus on trends in the marketplace built on some technical analytical techniques. This kind of information is mainly the field of fairly serious traders.

                            Pros: Daily Stocks works great in landscape and portrait mode, but landscape mode shows you a little more information and it’s very easy to use.

                            Cons: There is lack of international markets data information; means that non-US investors will find it somewhat inadequate.

                            14. Yahoo Finance

                              Yahoo Finance app is a complete finance place. It delivers breaking news, related market synopses, lending rates, and other financial news. In this app, there are segments for investing, news & estimation, personal finance, and tools for chasing the market and creating an online portfolio.

                              Pros: Yahoo Finance is complete and has information for every investor, regardless of experience or knowledge.

                              Cons: The data loading issues and the overall usage make it not nearly as user friendly.

                              15. Stock Guru

                                Stock Guru is a robust engine that delivers real time study for nearly 7,000 stocks. You can analyze risk, drive, financial power and a exclusive guru rating that sums up all of the data for those who don’t want to dive into the details.

                                Pros: This is the only hedge fund holding tracking app in the market to view hedge funds.

                                Cons: One downside in this app is that it doesn’t have enough hedge funds in their database.

                                Featured photo credit: Simon Cunningham via lendingmemo.com

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                                Tayyab Babar

                                Tayyab is a PR/Marketing consultant. He writes about work, productivity and tech tips at Lifehack.

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                                Last Updated on June 26, 2020

                                25 Easy Tips on How to Save Money Fast

                                25 Easy Tips on How to Save Money Fast

                                “How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

                                If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

                                You don’t really need to order in food. You don’t really need to buy expensive perfume.

                                Building from that, you can work out how your regular expenses can be reduced.

                                As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

                                And remember: a budgeted lifestyle does not mean a bad or boring one!

                                But first, understand what budget you can cut down on daily:

                                • Regular expenses for the average adult (can be trimmed but not eliminated):
                                  • food
                                  • rent/mortgage
                                  • cell phone
                                  • insurance
                                  • socializing/entertainment
                                  • transportation
                                  • hygiene products
                                  • household bills
                                • Irregular expenses for the average adult (can be eliminated or cut down a lot):
                                  • travel
                                  • clothing
                                  • medication (*depends)
                                  • grooming (hair, nails etc.)
                                  • gifts

                                Now, let’s dive right into the 25 ways to save money fast:

                                Save Money on Food

                                1. Bring a stock of food to the office/work

                                Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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                                Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

                                2. Buy the store-brand version

                                Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

                                3. Eat cheaper cuts of meat

                                Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

                                4. Have group dinners

                                If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

                                Save Money in Transport

                                5. Get a bicycle

                                Save on gas money and bus/metro fares with this underrated mode of transport.

                                6. Use public transport and/or don’t get taxis

                                Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

                                7. Find the cheapest gas

                                Regularly check out where the cheapest gas can be bought.

                                Save Money in General Shopping

                                8. Shop online

                                Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

                                9. Sell your old stuff

                                Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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                                Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

                                10. Bulk buying stores

                                For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

                                Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

                                11. Become a flea market/car boot sale/street market guru

                                You can find original gifts and develop good negotiation skills at these places.

                                12. Generic brand medication

                                More often than not, the generic version of paracetamol and other basics work the same as the branded version.

                                13. Choose deodorant, not perfume

                                It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

                                Cut Down on Household Expenses

                                14. Printing

                                Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

                                e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

                                Expand the margins of what you are printing as often as you can to save on paper.

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                                15. Minimize SMS and phone calls

                                A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

                                16. Shop around for insurance

                                Most people don’t spend enough time searching for the best insurance deal.

                                Keep a watchful eye out for deals and new competitors in the market.

                                17. Try re-negotiating your rent/mortgage

                                If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

                                18. Don’t get a TV

                                Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

                                19. Pool your internet bill with a neighbour

                                My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

                                Save Money in Socializing, Entertainment And Travel

                                20. Have house parties

                                Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

                                For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

                                21. Open festivals, meetups and events

                                It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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                                22. Volunteer

                                If you can’t pay for a ticket, volunteer and get to be there anyway.

                                23. Housesit

                                There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

                                Save Money on Hygiene and Beauty

                                24. DIY beauty

                                French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

                                25. Fewer haircuts/volunteer at a trainee hairdresser

                                If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

                                Bonus: Effective Money-Saving Tips for Everything

                                Here’s a summary of what you can generally do to save more money:

                                • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
                                • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
                                • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
                                • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
                                • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
                                • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
                                • Stop and think. Do I really need it?

                                Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

                                What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

                                Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

                                More Tips for Personal Finance Management

                                Featured photo credit: Unsplash via unsplash.com

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