Stuck indoors due to the ongoing and unprecedented pandemic, and want to get to work on something productive? Perhaps you’ve got some savings stored away, and are wondering how to broaden your investment horizons in 2020? Well, for those that are interested, here are a few different ideas on ways to boost your investment prospects using online tools and resources.
Doing Research
First and foremost, the internet presents an almost unending well of resources, data and guidance on investment, and while not all of it is gospel (and in fact, much of it is speculative), you can learn a lot from just doing your due diligence and research.
Online resources are available in a variety of different formats, depending on how you want to consume and learn about your preferred investment strategy. If wanting to learn about the property investment market, for example, RWinvest offer a variety of different content formats, from podcasts discussing the latest up and coming properties to physical PDFs and guides on some of the best areas to invest in for the future.
Getting Started in the Investment World
For those that aren’t sure or confident about investment, there are a variety of different apps out there that might be useful in learning, and getting to grips with the basics. Stock trading apps are a great start, as you can begin investing a very small amount, learning as you go and becoming comfortable with trading. If you don’t want to put money into it, there are even investment simulators and games that you can play to learn in your spare time. These sorts of apps are a much better use of your time than mindless social media scrolling, anyway!
On a separate note, aside from just investment, there are an abundance of different smartphone apps and programmes that can help you with finances specifically. From savings apps that round up any smartphone payments to AI assistants that look critically at your spending habits and what you’re doing right/wrong, there are a ton of different programmes to choose from depending on what you’re looking to achieve with your money. The Big Investment has a good blog piece on these sorts of financial apps if this sounds interesting to you.
Stock and share investment apps that automatically round up payments are a great way to get started. Passive investment is a great idea for when you’re focusing on other projects, and so what apps like this do is that they round up any purchases you make and add the funds into a stock account. You can set how much risk you want to take, and let investment AI build up your funds from there.
Using the Technology in Different Ways
Smartphone apps and programmes aside, there are some other ways that home technology can be used for productive/investment purposes. Again, in the property investment landscape, virtual reality is actually being increasingly used by international buyers that are far away from their chosen development, or those investing from afar due to lockdown caused by the pandemic. Providing an immersive view of the property from the comfort of the home from afar. These virtual viewings are much better than the normal blueprint or floorplan, as the investor can actively look around within the apartment that they’re looking at and get a real feel for it. This is also brilliant for off-plan property developments, investment projects that aren’t yet complete and so can’t be looked around in person anyway!
Another interesting way that technology is used in the investment and property world is in drone technology. Drones have a multitude of different uses, from being used for advanced photography to even more entertainment-based uses such as drone racing, so it’s perhaps unsurprising that they would also be used in investment in specific ways. Using drones, property companies are able to provide investors with unique views of their investment property and the development at large, with aerial views that show them in context to the surrounding area. Again, how this helps you as an investor sitting at home and using the internet is that it allows you to better make a decision on your investment, as you have a more well-rounded view of your investment (quite literally) and so can have peace of mind going forward.
