Auto-investing Apps

When it comes to investing, there are no guarantees. Past performance is not a reliable indicator of future results. Your investments can go down and up in value, so you could get back less than you put in. It is generally recommended that you hang on to your investments for at least five years, to give your investments the best chance of providing the returns you’re hoping for. Even if you wait five years, you might still get back less than you put in. It would help if you were comfortable with this before you begin.

Automatic investing apps could be right for you if you fall into one or all of the following categories:

1. You are new to investing and would like to see how things work without dedicating too much time to research.
   
2. You want to earn higher interest on your savings.
   
3. You aren't sure how much to invest or when to.
   
4. You would like to invest small amounts regularly.
   
5. You have spare cash you'd like to put away for a long term, say, five years.
   
6. You are saving towards a long term goal such as buying a home or retirement. If you are saving towards a short term goal, such as going on a vacation in three to twelve months, click here to view our top five automatic saving apps.
   

1. These apps help you regularly invest with little or no effort required from you, but you should monitor your investments to make sure they are still right for you.
   
2. You could earn way more interest than you currently earn in your savings or current account.
   
3. They help you set money aside regularly with little effort required from you.
   
4. Sometimes, regularly investing bits of money could turn out to be a better investment strategy than simply investing a lump sum once.
   
5. They can be a fun way to learn about money, saving and investing.

1. Some of these apps are quite expensive. In most cases, you could get a much cheaper deal if you went directly to the investment providers these apps use. Click here to view our top investment providers.
   
2. You need to have a smartphone to use them.