On this presentation, Jonah Engler shares his top 5 apps for investing. Click here to read the full article : http://jonahengler.tumblr.com/post/118387997626/5-investing-apps-perfect-for-the-millennial
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5 Great Apps for The Millenial Investors by Jonah Engler
1. 5 Investing Apps Perfect for the Millennial
Investor
Millennials are the generation of the social network and the smartphone. So, it should be no
surprise that when millennials are looking for investment advice or tools, they are turning to their
friends and their phones. Luckily, there are quite a few really good investing apps on the market
now to meet the need.
2. 1. Acorns
Acorns makes the idea of investing your spare change a reality. Connect any debit card or credit
card to your Acorns account, and choose one of the five investment strategies based on your
personal level of risk tolerance. Every time you make a purchase with a linked credit or debit
card, your transaction is rounded up to the next dollar and the change is invested into your
Acorns account. Acorns is great because it is simple and literally takes just pennies to start
investing.
2. SavedPlus
Like Acorns, SavedPlus takes money from your account every time you make a transaction and
invests for you. SavedPlus, however, takes your specified percentage of each transaction. Money
saved can be deposited into the bank account of your choice.
3. Betterment
Set a long-term investment goal, set up automatic deposits into your investment account, and the
Betterment financial experts set up a financial plan to help you reach your goal. You can specify
your level of risk tolerance, but you do not have to pick any individual investments. Betterment
allows you to set up a regular investment account, a Roth IRA, traditional IRA, or managed trust
account.
3. 4. Scutify
Scutify is a great investment tool for millennials because it scours social media and compiles
what news outlets, financial bloggers, and other investors are posting. Users are able to interact
with Scutify All-Stars through the app to seek advice on particular investments. More
experienced investors can make sentiment calls and showcase their stock picking prowess to the
community. This is the app for social investors.
5. Shares 2
If you are already invested in the stock market, Shares 2 is a great way to keep track of your
stock investments. You enter in your stock investment information, and the app will keep you
up-to-date on the current stock price as well as your current investment gains or losses. You
can’t search for other market information from the app, but it is a simple way to keep track of
your stock positions.
Jonah Engler is a finance expert from NYC who loves technology and social media.