Gone are the days of having to pay a financial advisor to handle your money for you. With today’s technology, you can take the power of investing into your own hands. Here are five unique apps that will change the way you think about your finances.
Stash is an all-in-one personal finance app set on empowering everyday Americans to build wealth. What used to be a luxury privilege, building wealth is now accessible to anybody. Stash gives access to simple, affordable investing, and will help you improve your financial literacy
Stash Growth is only $3/month, which is ideal for first time investors. Their premium plan Stash+ is $9/month, and includes exclusive features like a monthly markets report, investing for kids, and double stock back with the Stock-Back Card.
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There’s so many investment opportunities these days: stocks, bonds, mutual funds, commodities, cryptocurrencies. Have you ever considered investing in wine? It may sound like a crazy idea, but with 13.6% annualized returns over the last 15 years, not so crazy for your portfolio.
Of course, past performance is no guarantee of future success. But with Vinovest, you can now easily invest in fine wine from around the world. They will curate a portfolio based on your risk tolerance with master sommeliers who know the wine you’re investing in. Wine is also recession-resistant due to its low correlation with markets, so great for diversification.
Vinovest will even send the wine to you if you want to enjoy your investment. So go ahead, buy, sell, or just drink some wine.
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Machine learning has been brought to your finances. Cleo is an AI chatbot that acts as your personal finance assistant.
Cleo’s goal is to “make it normal to talk about money”. And why shouldn’t it be? It’s your livelihood.
Through the Cleo app, you can budget, save, borrow, and build credit. It will even spot you up to $100. Cleo’s satisfied customers rave that it has helped them cut down on spending and focus more on saving. Cleo is also entertaining and it only takes 2 minutes to sign up, so why not give it a try?
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Have you ever heard that our money has no intrinsic value anymore? Looking for an investment that has been valuable since time immemorial? Look no further than Vaulted.
Vaulted allows you to invest in physical, deliverable gold. Not just a stock that tracks the commodity’s worth. This puts your financial future in your own hands. The gold is stored at the Royal Canadian Mint and a real gold kilo bar can be at your doorstep within a week.
Gold acts as the perfect hedge for traditional stock investments. Additionally, Vaulted offers the best cost structure in the industry, personal advising from commodities experts, and top-tier security.
5. M1 Finance
You may have heard the saying “time is money”, and that is something M1 Finance has taken into account. M1 Finance, or The Finance Super App, is an all-in-one intuitive platform that has the ability to invest, borrow and spend.
With its automated money management, all you need to do is set your strategies, then sit back, relax, and let M1 do the heavy lifting. Investments are commission-free and include fractional shares and dynamic rebalancing.
M1 already has over 100,000 investors using it daily. It has been called “Best for sophisticated investors” by Investopedia and “One of the best robo-advisors” by Money as of this year.
For many years, real estate has been an investment class available only to the upper-class and institutional investors. Now you can easily invest in real estate too, thanks to Fundrise.
Fundrise is a real estate investment platform that allows you to build a diversified portfolio with institutional-quality properties. For a limited time, you can invest only $10 and you’ll get another $10 in shares.
Real estate works great as a hedge, especially with Fundrise. At the time of publishing, they have a $7+ billion real estate portfolio, and YTD returns of 5.52%. The stock market has been down this year, with the S&P 500 returning at -19.96% YTD. Fundrise can add some stability to your portfolio, and is the future of real estate investing.