Investing With an Investment App – The Convenience of Doing it All From Your Phone
Investing involves putting your investment app UK away for the long term in the hope that it will grow. It can be as simple as investing in funds, shares and investment trusts or as complicated as buying property or cryptocurrencies. But whichever way you invest, there are now many investment apps that offer the convenience of doing it all from your phone.
Generally safe and regulated by the FCA, these apps simplify what can be complex and time-consuming investments and help you reach your financial goals. Most are easy to use and come with a variety of features including automatic investing, dealing in fractional shares and analytical tools. Some are also able to handle your pension and ISA savings too.
You can also find a range of ready-made portfolios to get you started and expert advice on hand. Interactive Investor, for example, is a great choice for beginners as it offers one free trade per month on every share purchase or sale – which includes funds, investment trusts and UK and overseas shares. It’s worth noting that investments can go down as well as up and you may get back less than you invest.
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For those who want to take a more hands-off approach there are robo advisors such as Wealthfront, Nutmeg and Plum which will set you up with a ready-made diversified portfolio for remarkably low fees. Alternatively, you can use an app such as eToro which lets you buy and sell individual shares and indices.