When you think about investors, you might think of power suits, the ‘80s, rotary telephones, and really heated arguments about bears and bulls. Oh, and a whole lot of money.
These days, investing is a much easier. You can bypass the funds manager, the stockbroker, the plaid jacket, and do it all from the comfort of your phone or computer. Thanks to the wonders of technology, all you need to start investing is a great app – and a little bit of capital (that’s money).
So if you’ve ever been curious about what investing’s all about, but don’t have a whole lot of cash to splash, you’ve come to the right place. Here are a few of our favourite apps and websites for investors new to the game.
Keen to start small? Launched in Australia in 2016, Raiz is a handy little app that allows you to invest as much – or as little – as you like. The minimum spend is $5, but that’s enough to create a nice pool of cash if you play your cards right. It also allows you to round up purchases, and then invests the difference into your chosen fund.
Superhero’s ethos is to make investing as accessible and easy to understand as possible, so they’re a great place for wannabe investors to start. They don’t have a joining fee, and you can start investing with $100. You can also choose to invest your cash in the companies you’re interested in, and their user-friendly app means you can easily track who’s doing what in the market.
Listed on the ASX, SelfWealth is one of Australia’s most popular low-cost brokers. There’s no joining fee, no account fees, and you can invest from as little as $9.50 per trade. The SelfWeath website has a stack of great videos explaining how investment works, so if you’re a little green this is a great place to start.
Along with having a really nice interface, the Spaceship app is another good spot to learn about what’s involved in investing (you can get help and support through the app too). The app makes it really easy to get started, with no minimum investment – not to mention your first $5000 is fee-free – plus they make it simple to set up recurring investments. They’ve got a range of diverse portfolios as well, including companies like Atlassian and Shopify that have a positive impact on people and the planet.
5. Bell Direct
An easy-to-use app for beginners, Bell Direct has a tonne of great features like real-time data, company announcements, and the ability to make trades on the go. They also offer daily trading ideas – three bullish (recommended shares to buy) and three bearish (shares you should sell) – to help you figure out which is best for you, and also provide a speedy one-second-placement guarantee.
It’s important to note that these are just suggestions. We’re not financial advisors, but these are some of the apps the team at Dodo are fans of. We’d recommend doing your own research before sinking money into any investments.
Ready to start investing in bulls and selling your bears? Make sure you’re on the right mobile plan first. Check out our range of packages here.