Investment Applications
Investment Applications
Investments are a big part of your future, helping to build for retirement and other long-term financial goals. With the advent of financial technology, investment apps like Robinhood, Webull, and others have significantly appealed to the young adult population, allowing young people to enter the stock market more efficiently. These apps have made investing more accessible; however, like anything, there are problems. These investment apps are often gamified, making risky moves seem more appealing to uninformed investors. Additionally, you are usually entirely alone in investment without access to extensive market research and other things that traditional investment services offer. It's essential to understand the advantages and disadvantages associated with investing through nontraditional apps.
Robo-advisors and other Applications
Robo-advisors are a massive part of the financial landscape now. Apps like Wealthfront offer premier robo-advisors who will invest your money for you at often lower prices than traditional advisors. This allows you to build wealth hands-off with good information without the cost barrier. However, there are pitfalls with robo-advisors because, just like humans, every program can be flawed. Ensure you understand the risk you're taking with robo-advisors and that these advertised "guarantees" might not necessarily pan out like you'd hoped.
Next Chapter: Cryptocurrency
[Chapter 1]: What is FinTech and Why Do You Care?
[Chapter 2]: Common FinTech Services
[Chapter 3]: Investment Applications
[Chapter 4]: Cryptocurrency
[Chapter 5]: Blockchain
[Chapter 6]: FinTech in the Insurance Industry
[Chapter 7]: Financial Security and the Future