If you are like me, you don’t hold much interest in the stock market, what drives it and what to look for to predict a good buy or sell. I simply do not have the understanding or patience for any of it. Thankfully, much of what is happening in the market is now digitized and online. This means there is a great deal of information that data engines can take all of this information and turn it into meaningful information that you can use to make smart investment moves.
The Money Pouch is one of those programs that you can download on your device, and it provides just about everything you could possibly need to learn about the market, how it affects you and where you should invest your money based on your comfort level with risk. It’s an app that serves as a financial advisor that uses vast amounts of data, current and historical to show trends and use predictive analytics to provide you with solid advice. You can login with your Facebook or Google accounts.
The app takes into account your current finances and any goals you have in mind to create a portfolio of suggestions and investment plans. The real value in The Money Pouch is not only the sound advice, but the easy access to information to help you make decisions when you need to make them, not when a financial advisor is available to meet you. Wait too long and you may miss a great opportunity.
The Money Pouch primarily focuses its information on ETFs. This is based on research indicating that most investors choose index funds and that index fund tend to do perform better than most types of investments.
Minimum investments start at $10,000, and none of your money is locked in. That means you can buy and sell as you wish. This lower start point brings savvy investing to more people, whereas other investment houses tend to cater the wealthy with higher minimum investments.
One of the highlights in this app is the dashboards that help you easily visualize where your investments stand, how you are doing in terms of progressing towards a goal and what you can do to bridge the gap faster, if that’s needed. The overall layout of the app is clean and easily readable, which helps you focus on the content and making the right investment choices. Setup is easy and using the app is intuitive, so you can focus on the numbers.
Not much is lacking in this app. Sure would be nice in the future to be able to download reports that show trends so you have a hard copy record of what occurred in the past to help you understand future investments.
As a financial advisement tool and investment tracker, The Money Pouch helps you make the most of your money and keep it in your pocket.