Many people may be afraid to start investing because they believe a common myth — that you need a large sum of money and knowledge of how to invest on traditional platforms. Nevertheless, this is a common misconception.
In reality, you can start investing successfully by simply downloading one application — Spendvest. It is a micro-investment app designed specifically for beginner investors and is quite simple to use.
Traditional Investment Apps Vs. Micro-Investing Apps
Nowadays, people who want to invest simply and make the most of technology turn to micro-investing apps. They were designed to make investing as simple as one click, without requiring any complex decisions on your part.
Traditional investment platforms can be confusing, especially for people new to investing. Some apps are filled with financial jargon, too many charts, and complex options.
Such platforms may be hard to understand and do not seem beginner-friendly. You may not feel ready to handle too many investment options. However, it is perfectly normal because there are applications specifically designed with simplicity in mind.
Micro-investing applications are created to make your first investment as simple as possible. They erase the barrier and fear of investing. Besides, they also have multiple advantages for beginners.
Key Features of the Easiest Investing Apps
Simple investment applications make you feel confident about investing and help you build regular habits. A few features make them ideal for people with little or no experience.
A User-Friendly Interface
One of the most important features of an easy-to-use investing app is a clean and simple design. An intuitive application guides you clearly from one step to the next. All the information is easy to understand, and the layout does not feel crowded or too technical. A user-friendly interface helps new users adapt quickly and start investing within a few minutes of installing the application.
Automated Deposits and Investing
A fear of making the wrong investment keeps many people from taking their first step in managing their finances. Micro-investing applications solve this problem by automating the deposit and investing process. Besides, automation makes the investments routine. They do not require daily management or constant decision-making.
Round-Ups and Small-Step Investing
Micro-investment applications offer a round-up feature. It means that users can invest spare change from their everyday purchases. This is a great opportunity for people who do not want to start investing with large amounts of money. Users can start investing with as little as $1. These small, consistent investments are a great start for people who want to invest without complex steps.
Clear Learning Resources
It is always great to have a chance to learn about investing without the need to scroll through the internet for reliable resources. Luckily, simple investment platforms offer free, beginner-friendly educational resources. Micro investment applications also provide clear guidance that helps to understand how the investment process works.
How to Start Investing Simply Today
Spendvest is a simple-to-use, beginner-friendly platform. It is accessible to people with no investment experience.
The application is based on a very simple idea: it automatically turns your spare change into investments. The only thing you should contribute is to choose what percentage of your spending you want to invest.
Starting to invest with Spendvest is simple:
- Set up your account: Download the mobile investment app and create your account on the Spendvest platform through a simple setup process.
- Connect your bank account and card: Link your bank account as the funding account and your debit or credit card as the spending account.
- Choose your investment percentage: Select the percentage of your spending you want to invest, from 1% to 25%.
- Keep spending as usual: Simply continue everyday purchases as usual.
- Let Spendvest handle all the processes: Spendvest will automatically invest a portion of your spending.
Spendvest automatically invests the percentage you set previously into the stocks of the brands you shop from when you make purchases. For example, if you buy coffee at Starbucks, part of that purchase will be invested in Starbucks stock.
The Long-Term Value of Starting Small
Starting to invest small amounts is often one of the best ways to begin. Small amounts invested regularly can grow over time, especially if they are invested regularly. Most importantly, the application builds long-term habits that become part of your lifestyle. The best part is that you can rely on the app to do all the work and help you succeed in investing.
FAQ
What makes an investing app easy to use?
An investing app is easy to use when it is automated and has features such as round-ups and educational support.
Do I need experience to use Spendvest?
No, you do not need experience to use Spendvest. It is designed for people who are new to investing and want a simple way to start.
Can I start with a small amount of money?
Yes, you can start with as little as you feel comfortable with. Spendvest is designed for small and consistent investing.
Disclosure: Certain information contained herein has been obtained from third-party sources, and such information has not been independently verified by Spendvest. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by Spendvest or any other person. While such sources are believed to be reliable, Spendvest does not assume any responsibility for the accuracy or completeness of such information. Spendvest does not undertake any obligation to update the information contained herein as of any future date. Except where otherwise indicated, the information contained in this presentation is based on matters as they exist as of the date of preparation of such material and not as of the date of distribution or any future date. Recipients should not rely on this material in making any future investment decision.
