Whether you’re a complete beginner at investing or a seasoned professional, there are plenty of modern tools that you could be using today to streamline the process, give you a better overview of your portfolio and also help you understand the options that you have. Investment is driven by statistics and figures, meaning it’s important to have the right software to portray this information in a concise and practical way. This will help you make informed decisions regarding your investments and will shed some light on how your investments are doing.
So no matter if you’re new to investments or have a sizable portfolio, here are some of the best investment tools that we can recommend today.
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For beginners; the smartphone apps
There are plenty of investment apps that you can download on your smartphone. These can range from simple money-saving applications that invest in a variety of different things or a mobile version of a cloud-based trading platform that offers you similar functionality. There are also some apps that allow you to invest in stocks. ETFs and options without needing to pay a fee. While most of these apps will have some kind of paid features, the majority of them are perfect for anyone that’s looking to get started with trading.
For enthusiasts; online trading platforms
There are countless trading platforms available on the internet these days and the majority of them can be accessed through a typical browser. These offer a bit more control compared to smartphone apps because they’re not as streamlined, meaning you can have more control over your investments and you’ll also have more figures and stats available for examination. We highly suggest this as a step up from smartphone investment apps, especially if you’re interested in learning about trading or serious investments.
For experts; investor reporting solutions
Lastly, if you’re a professional or have plans to invest or trade as a career, then you’ll want to look at investor reporting software. This offers far more flexibility in terms of customization of the software and also the type of trading or investing that you do. From automating the creation of reports to supporting fund managers and investors alike, this type of software is perfect for serious investors that are looking for maximum control and transparency with their portfolio.
What should you be using?
The best solution for you will greatly depend on the type of investing you do. For most people, using a smartphone app is generally fine because there’s likely an online trading platform equivalent, meaning you can upgrade to a more detailed solution in the future. However, if you’re interested in pushing your trading knowledge to the limit, then professional solutions are a must-have because they function very differently to the consumer-friendly solutions available today. Regardless of what type of trader or investor you are, we highly suggest that you check out these types of apps and software to see what works best for you and your style.