Best digital investment apps for small-time investors

Aspatria

I,m considering using one of the digital platforms to start investing in a small way.
Can anyone advise on what I need to consider when choosing one?

To date I have been looking at Nutmeg , Plum and Money Box

barnstar2077

If you are thinking about picking individual shares my advice would be to not do it. Start a SIPP or a Stocks and Shares ISA and invest in a good passive multi asset fund as your base.

buglawton

You could buy / trade at lowest cost via X-O share broker service or similar, they hold all your shares and dividends in a nominee acct and are regulated.

Enter the purchase price and quantity you own into the Yahoo Finance app for easy tracking.

Just invest in a diverse portfolio that actually pays dividends in non-glamourous businesses.

Main advice is it's pointless trading in and out frequently and trying to outguess the market If that's your attitude you'd be better off visiting your local betting shop.

Alexland

I use the Hargreaves Lansdown app watchlist functionality to track my investment funds and ETFs held across our S&S ISAs, LISAs, SIPPs and children's JISAs. You don't even need to be a customer to use it in this way and can have your investments on other cheaper platforms.

Although there is no app for the low cost Vanguard Investor the website is mobile friendly and you can put a shortcut on your phone's home screen.

Rather than thinking about Digital and Apps focus on your investment objectives, suitable tax wrappers, suitable investments and costs.

Alex

capital0ne

Aspatria wrote: »

I,m considering using one of the digital platforms to start investing in a small way.
Can anyone advise on what I need to consider when choosing one?

To date I have been looking at Nutmeg , Plum and Money Box

The platform isn't the main thing to consider, you should be working out your investing strategy, albeit in a small way.

Questions to ask yourself How Much, how often, growth or income, UK or global and the main question is what for - house purchase, holiday, wedding, pension, school fees...

Do that first then look for a platform that helps implement your aims.

[Deleted User]

Morningstar and Trustnet