There is one fact – if you do not boost your money you are going to lose it. It becomes obvious when you look at the inflation rate. Even if you have a bank deposit, your funds most likely are going to drop because banks want to earn for themselves and do not have a goal to help you receive an income. So, the best way to gain your capital is to invest. But it is not easy for a beginner to choose where and how much money to invest. So, we at GBC Time made a list of seven tools that will help you with this issue.
The tools listed in this article will help you invest with lower risk and solve a range of investment problems.
Acorns – Earn on your pocket change
This tool is super-easy to use and is perfect for novices in investing. All you need to do is to connect your card (debit or credit) to the app and make any purchases. The change from the price of goods you pay will deliver to the micro-investing. For instance, when you buy something for 4.30, Acorns will automatically invest 0.70 into bonds or stocks.
Also, you can specify the level of the risk you are comfortable with. You may choose a conservative or aggressive investing strategy, which will influent your potential losses and income. Overall, Acorns is a great investment tool to feel out the lay of the land.
Betterment – your personal investment guide
If you are just starting up with investing, you probably feel like you are sinking into a flood of different information. You may also be desperate for bits of specific advice. If this is the case, then Betterment is your superhero app (you may use the web version of the site) that helps you reach various financial goals. It has plenty of helpful tips for people with different investment experiences, so you may feel more confident with stocks, bonds, etc.
iQuantifi – make an individual financial plan
To get started with this app, you will need to answer some questions about your goals and financial behavior. After that, iQuantifi composes your plan, which considers your financial resources and determines key milestones.
TradeStops – cut emotions from investment
The financial advice in TradeStops is based on data analysis and math. No emotions or intuition, just clear logic. While this strategy may not bring you a million at the start, at least you will learn how to invest without great losses.
Stash – Invest in what you are inspired of
Investments may seem not very interesting if you are not a financial geek or a great fan of the Wolf of Wall Street movie. It may seem difficult and boring, and you may think that it is not your cup of tea at the very beginning. But if you want to save up for retirement or reach some other financial goal it is worth taking a closer look at it. And it is much more inspiring when you can invest in companies that you want to support. In this case, you are not only trying to earn money, but also doing some good.
Stash allows you to get a portfolio with companies chosen by category, for instance, environment-friendly ones.
Qapital – start investing in portfolios right away
If you do not want to build your portfolio, this service is just for you. It has pre-build portfolios, so you do not need to monitor tons of companies and choose which stocks to buy.
Estimize – better than the Wall Street
Probably, this tool is for more proficient investors but beginners can also use it for learning and developing investor skills. It builds financial calculations based on crowd patterns. Developers state that their projections are 74% more precise than on the Wall Street.
Estimize analyzes and sums up a great number of reports and analysts’ insights to give the fullest picture of the market.
Conclusion
Investing is not a piece of cake even for those who are deeply involved in it and do this for many years. But it is also a great possibility to ensure financial stability and strength and to earn money while others lose it. However, it is important to remember about risks of investing and approach it with diligence and a cool mind. If you’re looking to diversify your investment strategies beyond traditional methods, consider exploring the opportunities in the gaming industry by reading our article Top Gambling Payment Providers for Online Casinos.
