What to invest in with a mobile app
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This guide helps you decide what to invest in using a mobile app. We explain what an investment app is, give some suggestions as to what to invest in, and compare the best apps to use when making your investments.
What should I invest in with a mobile app?
The right approach depends on your level of experience. Beginners should look for more hands-off investment opportunities, like trusts and funds, or apps that take care of the process for you. More experienced investors might want more control.
Here is a summary of what you might want to invest in, according to your level of experience.
What to invest in for beginners
New and inexperienced investors should look to use the services of a robo advisor. Robo advisors are apps that make investments for you. When you sign up, you tell the platform how long you want to invest for and how much risk you’re willing to take on. The app then uses that information to automate which stocks to buy and sell on your behalf.
A good example of this type of app is Nutmeg. Another option is to use a micro investing app like Moneybox. It connects to your bank account and rounds up your spending each time you buy something, then uses the extra to invest for you. So if you buy a cup of coffee for £2.50, it will round it up to £3 and use the extra 50p to invest.
The big advantage of investing like this is it gives you time to learn. If you want to choose your own investments instead, then funds and ETFs are often the easiest way to invest for novices as you’ll gain exposure to lots of different stocks in one go.
You should also consider dollar-cost averaging, which is when you invest a fixed amount at regular intervals – such as £50 per month – over a long period of time, rather than trying to time the market. This is often better than trying to ‘time’ the market and invest it all in one go, and is a great option if you only have a little money to invest.
Here’s a quick recap of the best way to invest as a beginner:
- Use a robo advisor or micro investing app
- Invest in large ETFs or funds that track stock indices, such as the S&P 500
- Use dollar-cost averaging to build wealth over time
What to invest in for intermediate investors
If you have invested previously and have some experience then you can take a more hands-on approach to your investments. That means picking out certain stocks to invest in and perhaps signing up to more than one investment app in order to gain access to lots of different investments and to shop around for the best price.
This form of investing requires more time and knowledge but it gives you greater freedom over where your money is invested. Funds and ETFs are still a good option, and you can think about finding ones that represent specific sectors; you might want to invest in a tech ETF to get broad exposure to the technology industry, for example.
Another option is to pick specific companies to invest in. The best option is to choose established companies with a long track record of success. These tend to be the most stable, and the most likely to steadily increase in value over time. Look for companies that pay dividends as well, as they are a good way to add a bit extra to the amount you have to invest.
Here’s a quick recap of what intermediate investors should invest in:
- Use funds and ETFs to diversify
- Buy stocks in large, stable companies
- Look for stocks that pay dividends
- Consider using a few different apps to get the best price
What to invest in for experienced investors
Experienced investors can take more risks and create a balanced portfolio on their own, rather than needing to rely on ready-made ones like ETFs. Consider investing in a range of different assets and taking a few more chances on smaller companies with potential rather than just investing into the finished article.
Mobile investment apps make it extremely easy for experienced investors to decide where to put their money. There are lots of investment apps around and some focus on just one or two markets, while others include lots. Experienced investors can use more than one investment app to invest in different areas; whether that means investing in stocks in other countries, or different assets, like cryptocurrencies.
If you’ve been investing for a long time and are well versed in the markets then you may want to consider investing in some riskier assets. Growth stocks, penny stocks, and crypto coins can increase in value many times over, but are proportionally more risky as a result. As long as you don’t rely on these entirely, they offer huge potential to grow your wealth.
Here’s a quick recap of what to do as an experienced investor:
- Take control of your own investments
- Invest in different assets, such as stocks, cryptocurrencies, and commodities
- Balance risk and reward by investing in things with lots of potential, like growth stocks
- Invest in assets in other countries to take advantage of emerging markets
What markets do investment apps offer?
You can find almost any market on an investment app but the options vary depending on which one you use. Some investment apps let you invest in certain stocks, such as those that list on the NASDAQ Stock Exchange in the US, while others have a far broader range.
Apps that are focused on new investors, such as robo advisors and micro investing apps, usually only make funds and ETFs available. More advanced apps include things like stocks, forex, commodities, and cryptocurrency.
What should I do now?
Decide which of the investor profiles above applies to you. Are you a beginner, or do you have some experience of investing? Then use the advice to start to make a plan for how you want to invest. A good way to do this is to read how other investors make their decisions. When you’re ready, choose an app to download and get started with.
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Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >