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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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                                Published on October 8, 2018

                                13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget

                                13 Incredibly Useful Tactics to Help You to Stick to Your Family Budget

                                Are you having trouble sticking to a family budget? You aren’t alone.

                                Budgeting is difficult. Creating one is hard enough, but actually sticking to it is a whole other issue. Things come up. Desires and cravings happen. And the next thing you know, budgets break.

                                So how can you stick to a family budget? Here are 13 tips to make it easier.

                                1. Choose a major category each month to attack

                                As the saying goes, “Rome wasn’t built in a day.” With that in mind, one approach to help you get into the habit of sticking to a budget is simply starting slow.

                                Spend too much on Starbucks runs, eat out too often, and have an out-of-this-world grocery bill? Choose one bad habit and attack.

                                By choosing one behavior to focus on, you’ll prevent yourself from being overwhelmed. You’ll also experience small victories, which help you gain positive momentum. This momentum can then carry over into your overall budget.

                                2. Only make major purchases in the morning

                                If you’re making large purchases in the evening, there’s a good chance you’re doing so after a long day and you’re probably tired.

                                Why does this matter? Because our judgement tends to be off when tired – our willpower is compromised.

                                Instead, only make major purchasing decisions in the morning when you’re energized and refreshed. Your brain will be firing on all cylinders and your resolve will be high. You’re less likely to give in and settle at this point.

                                3. Don’t go to the grocery store hungry

                                Have trouble with impulse buys at the grocery store? If so, there’s a good chance you’re going grocery shopping while hungry.

                                The problem here is that when you’re hungry, everything looks good. So you’re more likely to make split decisions on things that aren’t on your grocery list.

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                                Instead, make sure you eat prior to your grocery store trip. Then take your list, along with your full stomach, and go shopping. Notice how food doesn’t look quite so good when you’re not fighting cravings.

                                4. Read one-star reviews for products

                                Is there a product you just have to have (but maybe not really)? Check out the one-star reviews.

                                By reading all the horrible reviews, you may be able to basically trick yourself into deciding that the product isn’t worth your time and money.

                                Next thing you know, you didn’t make the purchase, you saved the money, and you feel good about the decision.

                                5. Never buy anything you put in an online shopping cart until the next day

                                If you are making a purchase online, it’s typically a two-step process. First, you click “Add to Cart” and then you go in to review your cart and pay.

                                The problem is that there not typically much reviewing during step two. It’s generally click pay and there you go. However, this is the perfect point to stop for reflection.

                                Once you add to your cart, your best bet is to step away until the next day. Let the item sit there and grow cold, so to speak.

                                This gives you a night to “sleep on it” and decide if you really want and need to spend that money. If you wake up the next day and still find the purchase viable, then perhaps it’s time to go for it.

                                6. Don’t save your credit card info on any site you shop on

                                One of the other pitfalls of shopping online is that fact that most sites ask you to save your credit card information.

                                While the sites will frame it as a method of convenience, the truth is they know you’ll spend more money in the long run if your credit card information is saved.

                                The “convenience” takes away one last decision-making point in the purchasing process. True, it’s a pain to get out your credit card and enter the information every time. But guess what? That’s the point. If that inconvenience helps you stay on budget, then it’s worth it. Which leads into the next tip.

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                                7. Tape an “impulse buy” reminder to your credit card

                                Credit cards make spending much easier than cash. When you spend cash, you can literally see your wallet emptying. A credit card comes out, then goes back in. No harm, no foul.

                                That’s why it’s a good idea to tape a reminder to your credit card. Customize a message that is something along the lines of “do you really need this?” or “does it fit the budget?”

                                That way when you pull out the card, you get one last reminder to help you question your decision and stick to your budget.

                                8. Only use gift cards to shop on Amazon

                                Amazon is probably the easiest place online to blow money. It’s just so easy to click and buy. However, one way you can slow the process down is buy only using gift cards. Here’s how it works.

                                If you plan on making a purchase on Amazon, go to the grocery store and purchase a pre-loaded Amazon gift card of the proper amount. There’s no convenience fee, so you literally pay for the money you’ll spend.

                                Now take that gift card home and load it to your Amazon account. There’s your money to spend.

                                Why does this help? It makes you have to purposely go to the score and purchase the card in order to purchase the item. That’s a pretty deliberate thing that takes some time, commitment, and thought.

                                This process will effectively kill the impulse buy.

                                9. Budget using cash and envelopes

                                As mentioned earlier, it’s a lot harder to spend cash than swipe a credit card. You can take this even farther by using only cash, and separating that cash by budget category.

                                Create an envelope for each category and stick the cash in there at the beginning of each month. When the envelope is empty, no more spending on that category, unless you borrow from another (be careful of that approach).

                                This can be pretty helpful for people that have a hard time following transactions in their checking account, or keeping a budgeting spreadsheet.

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                                The envelopes simplify the tracking process, leaving no room for error. Nothing hides from you because it’s tangible in the envelopes in front of you.

                                10. Join a like-minded group

                                Making the decision to stick to something like budgeting is difficult. It takes long-term commitment.

                                You’re going to feel weak sometimes. And sometimes you may fail. That said, support from others can help strengthen resolve.

                                Support can come from a spouse or a friend, but they won’t always have the exact same goal in mind. That’s why it’s a good idea to join a support group that’s likeminded.

                                No need to pay here, as there are tons of free communities that fit the bill online.

                                For example, reddit has multiple subreddits that deal with budgeting and frugal living. You can follow, subscribe, and get active in those communities.

                                This will open your eyes to new tips and strategies, keep your goal fresh on your mind, and help you realize there are others dealing with the same struggles and being successful.

                                11. Reward Yourself

                                When you set a budget, it’s usually with a large goal in mind. Maybe you want to be debt free, or perhaps you want to see $10,000 in your savings account.

                                Whatever the case, the end goal is great, but the end is often far away, making it hard to see the end of the tunnel.

                                With that in mind, it’s a good idea to set mini-goals along the way. This helps you still look at the big picture but have something that’s attainable in the short-term to help with momentum.

                                But don’t stop there – set rewards for yourself when you reach that small goal. Maybe it’s an extra meal out. Or a new pair of shoes.

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                                Whatever the case, this gives you something in the near future to look forward to, which can help with the fatigue that can result in pursuing long-term goals.

                                12. Take the Buddhist approach

                                You don’t have to be a Buddhist to recognize some of the wisdom in the teachings. One of the tenets of the philosophy involves accepting that we can’t have everything we want. And that’s okay.

                                Sometimes you won’t feel good. Sometimes you’ll have cravings. You can’t deny them. But you can recognize them, accept them, and let them pass by. Then you move on.

                                Apply this to the times you want to do things that will break your budget. You’re going to have the desire to eat out when you shouldn’t. You might want to stay out and spend too much at happy hour with your work friends.

                                The feelings will come. Recognize them, accept them, but let them go.

                                13. Set up automatic drafts to savings

                                If you wait until you’ve spent all your budgeted money to deposit money into savings, guess what? You probably aren’t going to put any money into savings.

                                It’s too easy to see that as extra money and end up using it to treat yourself.

                                Instead, set up automatic savings withdrawals. That way, the money is marked and gone before you can even think about it. It becomes a non-issue. It’s no longer “extra.” It’s just savings.

                                Conclusion

                                Sticking to a budget can be difficult. No one is denying that.

                                However, if you can do a few things to set yourself up for success, and put some practices in place to curb impulse buys, then you can (and will!) be successful sticking to your family budget.

                                Featured photo credit: rawpixel via unsplash.com

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