Best Top Trading Apps You Should Consider

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October 6, 2020

Most of the best stock market apps allow you to trade stocks and other products from your phone. These apps also allows you access to stock market data, analytical tools and education resources, to help figure out investment strategies and also track your investments. Take a look at the list below and see which of the stock market app fits your individual needs the best.

TradeStation

TradeStation is one of the best Apps for active and experienced stock traders, providing all the tools you need to trade from your phone. It offers two levels of service, TS Select and TS Go, which come with different fees and funding requirements. You get real-time data, trading strategies, notifications of price changes, and more. Its structure allows new traders to easily navigate, use and learn the basics.

Ally Invest

Ally Invest is an all-in-one banking and investing app. You can manage your checking and savings accounts. Ally’s app is simple to navigate and performs all the services basic investors need, at prices that are hard to beat. It has everything you need to make trades and track your investments.

Robinhood

Robinhood doesn’t come with subscription or commission fees, making it one of a few truly free stock apps. The app provides market research, easy real-time trade updates, and customization. With Robinhood, you can begin investing with no transaction fee.

TD Ameritrade

With this app, you can easily manage your investments, get price updates, and find research tools. TD Ameritrade doesn’t have an account minimum. They were also the first stockbroker to completely eliminate commission fees on stocks, options, and ETFs, forcing most of their competitors to do the same.

E*TRADE

E*TRADE is a brokerage that offers great stock trading apps. It has a basic mobile app and the more advanced Power E*TRADE app. Both apps are loaded with features, allowing you to trade stocks, options, futures, and ETFs on the go. You also get live market updates, interactive charts and other interesting features.

SoFi Invest

If you’re a new investor looking for basic trading tools and great user experience, SoFi Invest is a good choice. SoFi (Social Finance ), packs full financial services into its app, allowing users to bank, borrow, and invest in the app. It gives new investors access lots of educational resources and a navigable catalog of the stocks available to invest in. SoFi also have commission-free trades with no account minimum.

Fidelity

The app also lets you manage workplace investments, deposit checks, pay bills, and more. Fidelity is perfect if you’re new to the investment world and in search of an easy-to-use platform. Fidelity has everything a basic investor needs, beating out the competition in terms of user experience. It is a fee-free broker with no account minimums and you can also start trading in the app, manage your account, and easily track investments.

Interactive Brokers

The Interactive Brokers app includes almost all of the features of the brokerage’s online platform, giving traders full functionality on the move. You get access to streaming data, charts, and a lot of market research on the app, but also the ability to initiate new trades in the app. Interactive Brokers is perfect for active traders with $0 commissions on stocks, ETFs.

Acorns

Acorns is a mobile-friendly investment app that works by rounding up your purchases. With its robo advisor functionality and round-up strategy, Acorns can help you reach your saving and investing goals with little effort on your part. Acorns offers three tiers of service, with a low monthly subscription fee.

Stash

The app provides tools to assist you in setting and reaching financial goals, which includes investing in a range of stocks and ETFs with fractional shares. The app combines banking and investing, giving new investors the resources they need to start saving and growing, at a low monthly rate.

Finally, Nigeria Kickstarts Registration For Its Small And Medium Enterprises Intervention Fund

By

obbuuz

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October 4, 2020

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It is no longer news that the COVID -19 has had a devastating effect on small businesses globally. Many Countries have introduced significant buffers to help these small businesses survive in these trying times. But it is definitely very cheering news that Africa’s Largest economy – Nigeria whose largely informal economy consists of many small and medium enterprises, has finally instituted a deliberate scheme to help small businesses stay afloat in the COVID -19 era.

The Federal Government of Nigeria has released the guidelines to access the N75 billion Micro, Small and Medium Enterprises (MSME) Survival Fund and Support Initiatives, which took effect from 21 September 2020.

The scheme, which is the core of the N2.3 trillion stimulus package of the Nigerian Economic Sustainability Plan includes the N60 billion MSMEs Survival Fund and the N15 billion guaranteed off-take Schemes.

The application for MSME funds for business owners in the education sector, hospitality and other businesses has already started since 21st September 2020 and will end on the 15^th of October 2020.

Think you qualify for this fund? Hit the link: www.survivalfundapplication.com

5 Ways to Start Investing in Gold

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obbuuz

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October 2, 2020

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Gold investment is an inflation hedge that maintains or increases its value over a long period of time. It is a good investment that can be considered during this era.

Why Gold is a Good Investment:

Pros

It can serve as a hedge against inflation
A good way to diversify your portfolio
Buying gold can provide a feeling of security
Gold has intrinsic value
It’s easy to buy and sell gold coins

Cons

Storing gold can be expensive
Dealers can charge a number of hidden fees
Gold doesn’t pay interest or dividends

If you’re now considering to begin investing in gold, here are five great ways you can start.

1. Gold Mining Stocks

Gold retains its value, but it’s not going to earn you any money, which is the entire point of investing. Instead of purchasing physical gold, you’ll buy stocks of companies engaged in mining precious metals. However, this always comes with few risks. So you’ll need to be regularly aware of what’s going on with that company.

2. Gold Certificates

Gold certificates are another good way to investing without necessarily having to physically buy the gold and store it yourself. Basically, you buy a note issued by a company that owns and sells gold. The note isn’t issued for any specific type of gold, but the company verifies that it has the assets to back the note. However, you’ll need to select the company wisely. Otherwise, it could be easy to fall prey to scammers.

3. Physical Gold

You can buy gold bars, coins, or bullions from gold dealers either physically or online. Having a tangible asset can provide many people with a sense of security, and more control over their investment. If you purchase gold coins or bars, you’re going to have to decide carefully the company you choose to work with. Some dealers will mark up the price of gold heavily, so it can be challenging to tell if you’re really getting the best deal or not. And if you purchase physical gold, you’ll have to pay for storage costs to store it till when you’ll sell it again.

4. Gold mutual funds

A mutual fund allows you to own a portfolio of gold mining companies. It is a good way to diversify your portfolio, though the fees may be higher. However you’ll need to find a broker that you trust who can advise you on how to go about with it.

5. Gold Exchange-Traded Funds (ETFs)

This option provides you the opportunity to invest in gold without having to pay for storage costs. An ETF holds gold bullions at a storage facility and allows investors to buy shares of the fund. You can buy gold ETFs through brokerage firms.

These Steps Will Help You Achieve Financial Independence

By

obbuuz

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October 1, 2020

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Usually, financial independence doesn’t just happen, It often begins with having a detailed plan, and a willingness to commit to that plan. There are many ways to reach financial independence, and it’s not just for the wealthy. Here are some wealth generating habits that can make financial independence a part of your future:

Make up you mind that You Want It

Find out what financial independence means to you. Understand your current financial situation and the things you’ll have to give up to get you moving towards your highlighted goals.

Develop Steps to take to help you get there

In order to reach your overall goal of financial independence, you’ll have to establish goals in the various areas of your financial life like understanding your spending/savings patterns, determining your investment objectives and defining your long-term financial goals.

Decide to Always Save Money No Matter What

You need to prioritize saving ahead of everything else. Save before you pay the utility bills, buy groceries or even pay the rent. Paying yourself first encourages you to live on a smaller budget and it’s a powerful saving habit. Set up a personal budget for yourself and include savings goals. Then to keep yourself accountable to review your budget monthly. This helps to keep you in check and on track to reaching our financial goals.

Make Sure To Invest No Matter

Plan to invest no matter how the market is doing. Your efforts to save money and invest should never slow down once you have built your emergency fund. Ensure to protect yourself against unexpected surprises by diversifying your investments across different asset classes.

Buy income generating assets

Once you start saving you have to invest the money in assets that will generate income and appreciate. The stock market has a good long-term track record, and many investors build wealth that way. Buy assets that will make you more money instead of depreciating into a pile of electronic junk.

Make Up Your Mind to Spend much Less Than You Earn

By learning to live beneath your means, you learn how to ultimately become financially independent. You need to track your expenses, see what you spend money on and cut out every expense in your budget that is not absolutely necessary.

Be flexible

Be flexible and adjust your spending accordingly. Some years are bound to be more financially challenging than others, and you need to be able to deal with them as time goes by.

Diversify How You Make Money

Just as you would diversify your investment portfolio, you should also diversify how you make money. Consider creating passive income sources, such as being an investor in a small business that is run by someone else.

Plan For Enough Insurance Coverage

As your wealth increases, your insurance coverage increases as well and the primary purpose of insurance is to protect your assets. The more assets you have, the greater your insurance coverage needs to be.

Decide to Stay Out of Debt

It’s hard to make a case for being financially independent when you owe money to banks or other people. You should have a goal of stay away from debt or getting out of debt as soon as possible.

Good Luck!!

Ever Considered Investing in Gold? Check Out These 5 Best Gold IRA Companies This Year 2020

By

obbuuz

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September 30, 2020

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A gold IRA is a self-directed individual retirement account (IRA) where you invest in gold and other precious metals instead of stocks or mutual funds. Gold is often considered to be a solid investment since it tends to move in the opposite direction of the stock market. That is, that if the market is dropping, your precious metals investment will still be doing well. However, choosing the right company to handle your investment is a vital first step because picking the wrong gold IRA company can cost you time and money. Find below five trustworthy companies you may want to consider for your gold investments.

Patriot Gold Group

Patriot Gold Group is a precious metals dealer, and it facilitates transactions involving precious metals like gold and silver. They have been in business since 1990 and is a certified Professional Coin Grading Service (PCGS) company. When you set up a gold IRA, Patriot Gold Group will work with your custodian and storage facility to facilitate the process of buying precious metals.

APMEX

APMEX is one of the largest online precious metals dealer and offers more than 10,000 items. The company has been in business since 1999, and it helps customers set up gold IRAs and purchase precious metals for their own personal collection. They have a vast variety of precious metals to choose from, and they will walk you through the process of funding your IRA.

Goldco

Goldco started in 2006, and since then, it has helped thousands of customers invest in precious metals like gold, silver, platinum, and palladium. The company offers gold and silver IRAs, and stores these precious metals in a third-party vault. You can also buy precious metals from the company, and they will either store them for you or deliver them directly to your home.

Lear Capital

Lear Capital offers a number of benefits to its customers, including a no-fee buy-back program. They have been in the industry for over 20 years now. By choosing Lear Capital, the company will educate you on how to set up your gold IRA.

Gold Alliance Capital

Gold Alliance Capital will either help you set up a gold IRA, or allows you to buy precious metals from the company outside of an IRA. Gold Alliance Capital have been able to build good reputation as a precious metals dealer, and they provide free precious metals storage to all its customers.

Setting up a gold IRA can be a good way for you to diversify your portfolio outside of the stock market.

Good luck!!

Dare to Dream Big!!!

By

obbuuz

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September 29, 2020

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If there were ever a time to dare..

To make a difference,

To embark on something worth doing,

It is now,

Not for any grand cause necessarily,

But for something that tugs your heart,

Something that’s your Aspiration,

Something that’s your Dream.

You owe it to yourself to make your days here count.

Have fun.. Dig deep.. Stretch…Dream Big

Know, though, that things worth doing seldom come easy.

There will be good days.

And there will be bad days.

There will be times when you want to turn around

Pack it up and call it quits.

Those times tell you that you are pushing yourself,

That you are not afraid to learn by trying.

Taking the necessary steps to live your dreams and do what you want to do will cost you. You will have to work hard. You will have to make sacrifices. You will have to keep learning and growing and changing. Are you willing to pay that price? I certainly hope you are.

Culled from the Book “THE 15 INVALUABLE LAWS OF GROWTH” BY JOHN C. MAXWELL.