Tech and money are ubiquitous these days. Of course, there are various cryptocurrencies doing the rounds, and for those people who have a handle on modern tech, but they are struggling in their day-to-day life financially, marrying the two is one of the most obvious solutions. Technology is making investment easier than ever, because there are so many different apps out there, but also, not to mention the fact that there is so much access to information now that we could all be a pint sized Warren Buffett. So, let’s have a look at how tech is making the investment industry a very exciting arena indeed.
There’s No Need To Walk Into A Bank Ever Again
Who needs to walk into a bank when we’ve got robo-advisors?! The fact is we’ve got the biggest financial innovation of the last 10 years in robo-advisors. Numerous techniques relating to artificial intelligence has helped us to create investment portfolios on getting us started on our own investment journeys. By using the comprehensive experience of a financial advisor, and consolidating it into handy, bite-sized nuggets of information, can make every single one of us dip our toe into the investment game. The fact is, the next generation of investors are going down the technological route and doing it themselves.
The Various Investment Apps
There are so many different investment apps out there, for free stock trading, to learn about investing, and even to plan for your retirement. This is nothing new, but when it comes to giving you handy advice, from lithium stocks to the most modern tech companies to invest in, it’s like being a kid in a candy store. Free stock trading apps like Robinhood gives you an entry point when you have zero clue. A lot of these apps have zero commission, and as soon as you connect the app to your bank account, you can begin to trade for free. But when you are getting further into the rabbit hole of investing, there are automated investing apps like Acorns, and when you are finally buying and selling stocks, apps like Stockpile are making a big impact on the market.
The Future Of Investment
While there is still room for the human aspect of financial advice, the future is all about artificial intelligence and machine learning. And while chatbots have made a major impact on the novice investor, via apps like Plum, artificial intelligence can only do so much when it comes to judgement calls. AI is a great way to sift through data, but it’s not going to replace the human ability to decide on how to invest. There are numerous infect investment firms that are using AI to analyze, but we’re still at a point where we can’t lean on artificial intelligence to do our dirty work for us.
We know that tech is a major boon in the modern world, and when it comes to investing, it’s providing an entryway for so many people, that you would be foolish to not give it a go. Because of the numerous apps, you can get yourself an education in the stock market.