It’s nice to save your money, but it’s even better when you get to turn your money into more money through better investing. Having and building an investment portfolio creates wealth and prepares you for a better retirement. If you think investing is best left for wall street traders with slick haircuts and stiff shirts, it’s time to change your mind about what investing is and how to go about it.
Even if you know nothing about investing, there are tools out there that make it easy for anyone to turn their Main Street dimes into Wall Street dollars.
What Is Investing?
Investing your money is a great way to grow your finances. Putting your money into stocks, property, commercial, or other ventures is not without risk. However, if done properly, you can see your wealth increase. Creating an investment portfolio is essential to securing your financial future.
5 Services To Guide You In Investing
As with most things in life, when you’re doing something new or don’t know what to do, you look up how other people accomplish it. This is the basis for eToro, an app that allows you to follow what is working for other people and allows you to invest as they do.
Already an ace at investing? eToro will pay you by being an investment leader and giving your followers good investing advice.
Want to make money, but don’t want to contribute to the evil corporate machine? Well, do we have an app for you! Swell allows you to invest in Earth-friendly, sustainable, and conscientious companies you feel good about investing your dollars with. Check out our review about it!
Don’t want to put too much brain power into investing? Acorns app rounds all of your debit or credit card purchases up to the nearest dollar and invests the change. This app is really simple to use. All you need to do is connect your bank or credit card to the app and let it do the rest. You can add money directly to the app if you wish to speed up the amount your investments make. You could also go the slow and steady route, and let the app do the work for you.
Betterment is another app that is great for the beginning investor. The app helps you decide what to invest in based on long or short term goals, and how much risk you are willing to take on. You can also have money automatically drawn from your account to put towards your investments. Yet another app for the lazy investor.
Robinhood brings stock trading into your pocket. Designed for the savvy investor, you can buy and sell stocks right from the app. It is easy to use and install. You can add money and start trading stocks practically right away. It also gives you tips based on up-to-date trends and can be good to make a quick buck or for a long term investment strategy.
If you’ve considered investing, but haven’t gotten around to doing it yet because it is hard or time consuming, you’ve officially run out of excuses. Whether you have $10 or $1000 to start with better investing tools at your disposal, you should be putting at least some of your money towards investing starting today.