Investing App?

RobCR_2

Hi everyone,

I wanted to know if anyone knew any investing apps suitable for beginners? Most of the stuff i've come across (from google searching) is still looks complicated.

I know the consensus is generally to put your cash into a index fund such as Vanguard but I'm going to try put 70% in a fund and 30% into the equities so I can give a crack at it and hopefully learn a few things or too.

If anyone knows any apps, would appreciate it!

bowlhead99

What do you want the app to do? Once you set up an account with a stockbroker or investment platform, you can invest in funds and equities through the websites provided by that service provider. Some of them have apps too (e.g. I use TD Direct and Youinvest who both have apps).

Generally you get more features and certainly a lot more research if you use full websites rather than apps, as apps can only show you so much information at once.

Also if you are only investing a small amount in equities to have a crack at it, dealing fees will eat a lot of your investment so keeping fees down is key. Some of the execution-only brokers with the lowest fees (like x-o.co.uk) are not going to have invested as much money on technology so will have a rudimentary clunky website and perhaps no app at all, but if it saves you a fiver for each buy and sell it might still be of use, given phones and tablets have web browers anyway.

Another platform with decent technology is IG.com if you are looking more at sharetrading or betting on share prices than fund investing. I use their app for my spreadbets from time to time, very easy as a beginner (of course spreadbetting itself is high risk if you don't know what you are doing).

For someone who is still confused by the complexities of investing, read full websites, rather than apps, until you're less confused.

IronWolf

I have Bloomberg App, but to do any meaningful research you need to use a proper PC really.