Global lockdown restrictions throwing a spanner in the works of your financial plans, and stopping you from investing in the way that you’d like? While many are experiencing financial hardship at the moment due to the amount of issues that the pandemic presents, there is still an abundance of investment prospects that you should be able to take advantage of, even from the comfort of your own home.
If you’re stuck for inspiration on how to invest your money for the future while at home, take a look at this quick guide, giving you a few different tips on some investment tactics you might be able to try and master from home.
Investing smarter with your smartphone
The everyday piece of technology that you use, well, every day, your smartphone has access to a wealth of different financial apps and services that can enrich your lifestyle in the same way that other apps do for your other hobbies and interests.
To start with, before even thinking about investment, there are a ton of financial advisor apps and savings apps that can help you to get a better understanding of your finances, if this is something that you’re interested in doing, in order to provide you with a more well-rounded view of what you’re spending, and what you can actually afford to invest when all is said and done.
MoneyBox is a great starting point investment app, if you’re new to the investment world and don’t really know where to get started. What this app does is it rounds up the money that you’re spending on small purchases and puts the remaining change into an automatic investment profile on your behalf. Admittedly, being stuck in a lockdown means that you won’t really be spending all too much when out and about, but you can round up the change from online purchases, and it’s a good way of also figuring out how much spare money that you could be funnelling back into more practical usages.
Tip – Got an investment prospect that you always want to be able to keep an eye on? You might decide to use your mobile phone in order to set notifications or alerts. Again, if you’re someone that’s a little bit more hands-off with their investments, one of the many trading apps out there should be able to set up a robo-investor profile on your behalf, making the necessary changes for you while you focus on your job or primary employment focuses.
Looking over your next property investment
Got a little bit more capital saved away, and want to invest in something tactile and long-term? Well, many investors are moving their funds into the property as it becomes a more secure option going forward than other volatile markets such as stock and share investments. You might think that looking at property now is a strange idea, since you won’t be able to view the house or apartment in question in order to make a proper decision for yourself, but it’s possible to still invest in property virtually.
Property investment company RWinvest are one of the few at the moment pushing the idea of virtual viewings and screenshares with clients, not just domestically but around the world (as they have been doing for a while at this point). Not only does this package offer VR tours of any property that you might be interested in, giving you an encompassing, first person view that puts into perspective a view of the property that a simple image can’t, but it also provides a screenshare experience in which an investment colleague will give you a tour around the surrounding area and its areas interest, such as Liverpool and its Baltic Triangle, for instance, or Manchester’s Salford Quays.