7 Apps to Help You Invest Like a Professional

Market analysts typically tell investors to ignore the daily chatter of stock markets worldwide, but new apps for smartphones and tablets are making it hard to resist staying abreast of the latest financial news. There’s something to be said for a program that allows you to follow the economic whims of the free market in real time.

Whether you buy and hold for the long term or trade several times a day, these seven apps will help keep you informed and your portfolio updated.

Cutting-edge apps in the smartphone and tablet markets are changing the way investors make decisions and follow the complexities of the financial industry. Use any — or all – of the following apps to make sure your portfolio is as strong as it can possibly be.

Source: Motif Investing via YouTube

1. Motif

Motif from Motif Investing gives traders a creative new way to buy and sell stocks and ETFs. Instead of making several separate orders to buy each individual stock, investors can create “motifs,” which are bundles of up to 30 stocks and ETFs (each motif must be a minimum of $250).

The analysts at Motif Investing also create pre-made motifs for investors, each centered around a different theme or industry. For example, you could purchase a motif made entirely of companies with female CEOs, companies with high dividends, or companies that focus on social gaming. To learn more about a Motif really is, watch this video.

  • Available on iPhone and iPad
  • Cost: Free

Source: Mint.com

2. Mint Personal Finance

Mint Personal Finance from Mint.com is a handy tool millions of people use to keep track of their money in a single place. This app links directly to users’ financial accounts and provides easy-to-read metrics of all their activity. For example, Mint can analyze how you’re spending your money and gives regular updates on what portion of your income is going to investments, restaurants, gas, rent, and so on.

Mint is handy if you have multiple investment accounts with different companies and brokers; you’ll be able to easily track your net position across your different accounts with live updates at your convenience.

  • Available on iPhone and Android devices
  • Cost: Free

Source: Echoboom.es

3. Financial Calculator

Financial Calculator, a handy app by Echoboom, is specialized for unique calculations commonly found in finances. This app helps investors calculate things like the time value of money, annuity growth, compound interest, bond valuation, cash flow analysis, amortization, and more.

Investors can use an app like this when they’re plotting their tactics, such as calculating the exact return on investment in the stock or bond market. Financial Calculator is also resourceful for students in finance programs in college and for amateurs who are new to the advanced mathematics required to make smart decisions in this industry.

  • Available on iPhone, iPad, and Android devices
  • Cost: Free

Source: Stock Guru via Apple App Store

4. Stock Guru

Designers at Value Prime created Stock Guru Pro, one of the best-known risk analysis apps on the market. This app uses complex financial algorithms to provide four key metrics of stock evaluation: risk, valuation, financial strength, and momentum. It provides data and analysis for roughly 7,000 stocks on the NYSE, AMEX, Nasdaq and OTC exchanges. It also includes risk-return illustrations, Sharpe ratio, and volatility comparisons in its analyses, and breaks it down to an easier-to-understand “Guru Rating” to help non-investing professionals make trades and moves like one.

  • Available on iPhone and iPad
  • Cost: $19.99

Source: Bloomberg.com/mobile

5. Bloomberg

If you’re looking for the latest news and analysis of nearly every corner of the global market, the Bloomberg mobile app is a great place to start. This app provides comprehensive access to global business and finance news, including bonds, commodities, currencies, emerging markets, funds, and annuities.

The Bloomberg app also provides snapshots of how industries and other financial entities are faring as a whole. You can even watch Bloomberg Television live wherever you are, which has news that’s especially helpful if you’re planning your retirement.

  • Available on iPhone, iPad, and Android devices, and BlackBerry
  • Cost: Free

Source: SigFig.com

6. SigFig

With so many apps dedicated to storing your investment data and updating it, it’s tough to know which one is the most trustworthy. Although SigFig also provides the same services as these apps, it takes it a step further by checking your portfolio for overcharges, hidden fees, and underperforming funds. Not only will SigFig find problems that might otherwise go unnoticed, but it’ll offer suggestions on how you can improve your gains.

  • Available on iPhone and Android devices
  • Cost: Free

Source: PersonalCapital.com

7. Personal Capital

Budgeting is a lot harder than it sounds, especially when you have a lot of investments in many different areas of the stock market. The Personal Capital app does its best to make that process easier by organizing all of your financial info – including investments — in one place by condensing all of your finances into one concise summary. Some of the other various functions include being able to send money to anyone for free and depositing checks into your bank account with a picture. It even has several tools to help you lower the amount of your taxable income and teaches you about tax harvesting, which is selling losses to offset gains to lower your capital gains tax.

  • Available on iPhone and Android devices
  • Cost: Free

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