● 3 minutes TO READ

Fill Up Your Pot O’ Gold

Let’s celebrate St. Patrick’s Day with a lucky combo: technology & investing.

Rainbows and Riches

Legend says if you corner a leprechaun and keep your eye on him, he has to lead you to his pot o’ gold. Unfortunately, leprechauns are slippery little dudes, and they always seem to trick you into looking away long enough for them to escape with their pot still hidden.

There are better ways than chasing rainbows to gain wealth. Investing in the stock market is one popular way, even though for some, the thought of buying and selling on Wall Street is as exotic as a salty little dude with a red beard and green hat. But finances in the world today have evolved, and when smart technological advances are applied, gaining wealth through investment becomes a goal as close as … well, the palm of your hand.

When it comes to personal investment, we at Cellular Sales are all about managing our portfolios on our smartphones.

The thing is, folks who don’t use their smartphones to invest might think we’re crazy. But more people are doing it, and for good reason! Smartphones are getting more secure, with passcodes, fingerprint lock and even face recognition. The ease of accessing a dashboard with your trends, net worth and more means that managing your investments seems a whole lot more within your control. Investment these days isn’t just about the ease of accessing your portfolio. It’s about being able to get in the game with a whole lot less capital. Most of us don’t have millions to get started. Most of us don’t even have thousands of dollars to spare in the name of growing personal wealth.

But, the same mindset behind crowdsourcing and crowdfunding is revolutionizing access to the stock market. As a result, there are more and more companies offering investment services for the rest of us in the 99%. Two popular companies are Acorns and Betterment.

Read on to hear how they’re changing investment for the masses.

Acorns

This investment company connects its app to your bank account. Then, every time you make a purchase with a card, your Acorns app automatically “rounds up” and invests your change. So, if you buy a coffee for $3.78, Acorns invests $0.22 for you. It doesn’t sound like much, but that handful of digital coins turns into dollars within the week, which turn into thousands of dollars over years. Acorns is all about micro investing, but over time, just a little can turn into a lot!

Pro Review: Nerdwallet.com says Acorns is an excellent app for those new to investing, and who tend to be very hands-off with their investments.

Betterment

This company is revolutionizing index funds with an easily accessible platform, no minimum investment amount and low annual fees. After you sign up for the service and link your bank account, you can deposit any amount of money you want with Betterment, where they allocate your investments based on your short- and long-term financial goals. Betterment acts just like any index fund, with two big differences: low fees and no minimum investment amount.

Pro Review: Nerdwallet.com gives Betterment a 5/5-Star rating.

How are these companies able to offer entry into the investment world to folks who might not have otherwise been able to get started? It’s all about technology.

These companies have living, breathing people at the helm, but they use incredibly smart algorithms to track the stock market and make financial decisions. And the reality is, even the biggest firms in Wall Street are implementing artificial intelligence to make investing decisions.

You don’t need the luck o’ the Irish to take control of your financial assets. We hope we’ve inspired you to follow the rainbow to a financial investment that gets your own pot o’ gold filled up.

Please note: we’re not affiliated with or endorsing either Acorns or Betterment. If you decide to invest your money, research your options thoroughly and choose the best company and/or methods for your needs.

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