Today's Technology for Tomorrow's Firm.
Issue link: https://cpapracticeadvisor.epubxp.com/i/571003
12 September 2015 • www.CPAPracticeAdvisor.com We a s k e d A N G I E G R I S S O M , president of Te Rainmaker Com- panies, for her favorite investment apps, and this is what we learned. FORBES MAGA- ZINE (both the magazine and the app) includes great information about execu- t i v e s a n d i n n o v a t i o n . Grissom likes MINT.COM " because it consolidates everything i nto one place. It i ncludes cred it cards, investments, bank informa- tion and also sends you alerts." MY STOCK CHARTS is a highly visual charting app that allows you t o c u s t o m i z e y o u r views (length of time, t y p e o f c h a r t a n d ot her i n for m at ion) which is helpful, and i t a l s o a l l o w s y o u access to news and a message board. APPLE STOCKS is easily acces- sible (on most people's phones) and highly visual. A nd ENTREPRENEUR MAGAZINE'S app "allows you to see what's happening in business and what investments in ideas and businesses have been paying of," said Grissom. US News and World Report recom- mends ACORNS , the app that allows you to l i n k you r c red it and debit card pur- chases, rounding up each purchase to the nea rest dol l a r a nd i nvest i ng t hat spa re cha nge i nto funds you select. Tere is a small fee a s s o c i a t e d w i t h t h i s s e r v i c e . A nother recommended app, ROBIN- HOOD , a l low s f re e trading of more than 5 , 0 0 0 U . S . - l i s t e d securities and there is no minimum bal- ance on the account. How does t he compa ny ma ke its money? By accruing interest on the non-invested cash ba lances of its customers. Hu f f i ng ton Pos t re c om mend s BENZINGA for investors who want t o k e e p o n t o p o f r e a l - t i m e s t o c k quotes and breaking n e w s a b o u t t h e c o m p a n i e s t h a t interest them. Create w atch l i st s a nd get soc ia l med ia updates on trending stocks. For more social media connec- t iv it y w it h your stock s, Kiplinger m a g a z i ne r e c om me nd s STOCKTWITS – the social n e t w o r k f o r i n v e s t o r s . Created as an ofshoot of Tw itter, StockTw its uses what it ca l ls ca shtags (a dol l a r sig n plu s t he stoc k t ic ker sy mbol) to aggregate information about a particular stock. New investors who are interested in geting started in a mutual fund might like SUMDAY , the ban k ing application that lets you invest as l it t le a s $1 at a time using either bank transfers or s o c i a l m e d i a h a s ht a g s . R e c - o m m e n d e d b y DailyTek k.com, Sumday invests your money in the Drey f us Basic S&P; 500 Stock Index Fund. A nother investment vehicle, Increase ( w w w. increase.com ), lets you engage in rea l-t i me publ ic d isc ussion w it h other traders who are interested in a particular stock. US News and World Report also suggests that investors who yearn to get in on the ground foor of IPOs or invest in the big dollar value stocks can look no further than LOYAL3 , t h e n o - f e e i n v e s t i n g plat for m where t rades are made for as litle as $10 . L OY A L 3 u s e s a bat c h i nv e s t i n g t e c h - nique that allows you to buy a partial share of the expensive stocks as well as participate in IPOs when they are frst available. A n d f i n a l l y , wou ld you l i ke to k now how t he bi l- lionaires invest? Te iBILLIONAIRE app s h o w s d e t a i l e d investment data of the leading bil- lionaires. Mobile Investing Tools By Gail Perry, CPA I f you're in the business of helping your clients with their fnances, or even just futzing around with your own investments, you'll beneft from this crop of apps designed for both new and experi- enced investors. You might not realize how many innovative investment apps are out there, waiting for you to try. Whether you're helping your clients manage a portfolio or trying to make the most out of your pocket change, there's sure to be something here to pique your interest. APPS WE LOVE IS SPONSORED BY HTTP://ACCOUNTANTSWORLD.COM AccountantsWorld ® Accountants First SM ... only at APPS WE LOVE