If you're thinking about ways to make your money work for you or generate more than today's savings account interest rates can offer, or you want to manage your own wealth, it is worth exploring the opportunities investment apps offer.
Investment is no longer just in the realm of pensions or locked away on Wall Street. Instead, as the GameStop shares incident highlighted, retail investors now also have huge collective power in the stock market.
It's not all about so-called "meme" stocks, though, which can be extremely risky. Mobile investment apps, instead, can be used to monitor and manage typical trades including individual stocks, mutual funds/ETFs, ISAs, SIPPS, and other types of pensions, and more. You also don't always need to manage your stocks personally, depending on your preference.
Below, ZDNet has compiled a list of the top investment apps to consider in 2022.
Features: No account fees, no minimum deposit
Fidelity is an excellent option for both professional and retail investors. The brokerage's app, available on iOS and Android, offers individual stocks and shares as well as bundles, such as socially responsible funds or index funds, to explore. There are also useful news feeds, a goal planner, and Fidelity offers commission-free trades of ETFs and shares to retail investors.
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Features: Fully managed portfolios
Nutmeg is my personal favorite for long-term investments in ISAs. One for UK investors and accounting for over 185,000 users, the Nutmeg app can be used to manage general investments, ISAs, and pensions. You can set goals, investment styles, and how comfortable you are with risk. You can also choose to have your funds managed. Nutmeg invests in index funds, ETFs, and by country and sector.
Fees vary by portfolio, whether managed, socially responsible, or based on fixed allocations.
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