Smartphones are changing the way we live. Every major walk of business now has a mobile component: students studying for their college degrees can access crucial PDFs while waiting for the bus, or find out educational information with sites like online-degree.com; executives can phone conference with clients and colleagues from the backseat of a car; and now stock investors too can stay on top of the market without being tied to a desktop. Investing has a taken a turn for the mobile this decade with the smartphone apps that offering investors all the tools they need to position themselves for major gains in the market. Here are the major benefits offered to stock junkies by way of smartphone apps:
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Acquire quotes while you’re in transit. Smartphone apps for the stock market offer the one-of-a-kind ability for investors to stay on top of fluctuations in the market when they’re in between destinations. Whether you’re stuck in a traffic jam, waiting in an airport, or stuck in an elevator, if you’ve got a phone or mobile device apps like Bloomberg, DailyFinance, iSwim, and dozens of others will keep you in the loop.
Assess the latest in stock market news and keep a close eye on your watchlist wherever you are. The latest stock apps allow you to monitor the happenings of the market no matter where you are. Combined with social media services like Motley Fool CAPS, SocialPicks, Stockpickr, Wikinvest, and Covestor, the investor on the go can not only keep track of stocks, he or she can network with other investors on the latest social media networks.
Simulate the purchase of a stock and see how it performs. FantasyStock and apps like it offer investors the unique ability to see how a stock would perform in a simulated stock environment that incorporates all the latest data from the market. While there’s no way to know for sure how a stock will actually do prior to the ringing of the bell, FantasyStock lets you see how various trajectories would affect your portfolio in both the short run and the long run.
Move funds among accounts synchronously while buying or selling shares. Most investors have run into the problem of not being able to buy or sell because of imbalances in their various investing accounts. Apps like Mint, which doubles as both an all-purpose financial tool and an investing site, allows users to switch funds between different accounts so that stock shares can be bought or sold without missing crucial hours or minutes.
Since the stock market is a game for innovators, trend-seers, and entrepreneurs, it makes sense that the industry setting the most trends, creating the most innovation and inspiring the most entrepreneurs would adopt it enthusiastically. In a turbulent season for stocks, one of the newest apps may be an investor’s best friends.
