Planning for the future does not have to be daunting. Not when you have the right tools at your disposal and you are committed to investing in your future. While many investors use personal financial advisors to help them create a plan and then execute it, several of us don’t have the time or wish to pay for the expense involved in having a personal advisor.
For those of you who are looking for a better way to make smart investments, consider The Money Pouch.
The Money Pouch is an app that uses data analytics to help define a portfolio that works best for you, given your goals, what you are able to invest and your appetite for risk. All you have to do is download the app, provide it with essential information about yourself and what you aim to accomplish, and the app takes care of the rest.
With access to multiple levels of information on several markets, The Money Pouch provides its users with sound investment decisions that are based on market data, trend and information that you provide it. To start, you will answer a series of basic questions aimed at learning more about what your goals are and what you can afford to invest. It also gauges the level of risk you should be able to take. Based on all of this information, The Money Pouch then goes to work to lay out a portfolio of investments; but it doesn’t stop there.
Over time, based on changes in the market and any changes you may have, the app makes its own adjustments to your portfolio to make sure your investments stay aligned to your plan and keeps you on your path towards your goal. The app automatically makes these small adjustments and changes, so you don’t have to. That is the key advantage to The Money Pouch.
The overall look and feel of the app is well designed and easy to use. Dashboards and graphs provide a quick and easy update to your investments, how they are growing and tracking towards goals. Investments focus on low cost ETFs, which most experts will agree are the way to go when investing for the long term. The app also takes into account tax liabilities, working hard to minimize what you pay. Fees are lower than what you’d pay an advisor, plus this automatic advisor, powered by AI, works continuously to keep your investment portfolio on track, not just during business hours.
With all of the eye-catching graphics and dashboard information available in the app, I found myself wanted to send this information to myself via email or even printing it, which would be a nice future upgrade. You can also check out Stockdork and listen to Jeff Brown for additional Investment tips and opportunities.
While I look forward to such an upgrade, as it stands, The Money Pouch makes smart investing possible by doing all the work for you. No more reliance on someone else to assess and make decisions; use the power of data analytics to steer your investments in the right direction, at every turn.
Rating: 9.5/ 10