Which Financial Tools Help Personal Investments?

Imagine how it would feel to reach your financial goals. Whether you’re looking to invest better in the stock market or start more regular trading activity, using the right tool can be a valuable help. Financial tools can help you establish your strategies, track your expenses, or select investments with the best potential. Here are the tools and resources for getting your finances exactly where you want them.

Budgeting and Investment Apps

One of the most basic financial tools for beginners is a good budgeting app. These apps help you manage your income, expenses, and savings. Some of them even offer investment options like stocks and ISAs (Individual Savings Accounts). They are designed to automate savings, analyse spending habits, and guide investment decisions.

Some apps offer automatic savings features that move small amounts of money into your investment account without you having to move a finger. These easy-to-use apps with intuitive interfaces allow you to track your overall financial health and invest for future goals. The latest versions of these apps include AI-driven insights to help optimise your saving and spending patterns.

Investment Platforms

Investment platforms allow you to access a wide range of financial products easily. There are different solutions for different types of investors, from those looking to buy individual stocks to those who prefer diversified funds. If you have a small portfolio, some of these platforms even offer commission-free trading. Others partner with comprehensive research tools and offer educational resources to help investors make informed decisions.

If you want to save on your taxes, certain platforms allow you to invest in tax-efficient products like ISAs and SIPPs (Self-Invested Personal Pensions). On these platforms, you can track your portfolio’s performance, manage risk, and adjust your investments.

Advanced Market Analysis Tools

If you take a more hands-on approach to investing, you should choose a more advanced market analysis tool. These tools are game changers as they offer real-time data, charting capabilities, and comprehensive technical analysis features. They help you analyse market trends, monitor asset performance, and execute informed trades. They are ideal for executing data-driven strategies to optimise investment portfolios.

A good example of a powerful market analysis tool is TradingView. TradingView is a web software dedicated to the stock market and, more particularly to technical analysis. Here, you will have access to a large number of technical indicators and charts, as well as a large quantity of prices on many markets. The interface is very pleasant and the handling is very quick. You can share insights, monitor multiple asset classes, and create customised charts to track price movements. TradingView also allows you to place orders directly from their interface. To do this, you will have the possibility to connect TradingView to several brokers like OANDA. This is a valuable feature for investors who trade in volatile markets or those who engage in forex and CFD trading.

TradingView’s Partnership with OANDA

OANDA is a globally recognized forex and CFD broker and a partner broker of TradingView. This partnership allows traders to link their forex trading accounts on OANDA directly to TradingView to execute trades based on the data and analysis they conduct on the platform. Integrating these two tools allows users to perform technical analysis on TradingView and then place trades without leaving the platform.

Financial Calculators

Financial calculators are indispensable for forecasting investment performance. Whether you’re saving for retirement or planning to buy a home, these tools can help estimate how much your investments will grow over time. Common types of financial calculators include:

• Investment Return Calculators: These help anticipate potential returns on investments over a set period, depending on the amount you invest and the growth rate of your chosen asset.
• Cost of Delay Calculators: This tool shows how delaying your investments can negatively impact long-term returns. It encourages early and consistent investing to meet financial goals more easily.
• Inflation Effect Calculators: These help investors understand how inflation might affect the purchasing power of their investments. They are essential for long-term financial planning to ensure your investments can keep up with rising living costs.

Tax-Efficient Investment Tools

In the UK, some investment accounts, such as ISAs and Lifetime ISAs, are tax efficient. Up to a certain limit, these accounts allow you to grow your savings or investments each year tax-free. The funds you place in these accounts, including the gains, are protected from capital gains tax and income tax. You can invest in a wide range of assets with an ISA account, including stocks, bonds, and funds.

Lifetime ISAs, on the other hand, offer government bonuses and are really useful for those saving for their first home or retirement. These tools are incredibly powerful for long-term saving strategies.

Robo-Advisors

For individuals who prefer a more automated approach to investing, robo-advisors are an excellent solution. These digital platforms use algorithms to create and manage a diversified investment portfolio based on your financial goals and risk tolerance.

Robo-advisors simplify the investment process by automatically balancing your portfolio and making adjustments in response to market changes. This makes them ideal for investors who don’t want to spend time managing individual stocks but still want a smart, hands-off way to grow their investments.

Empower Your Investments With Smart Tools

Whether you are a beginner or an experienced investor, using the right financial tools is essential for success. Budgeting apps can help you track your spending, investment platforms provide access to a wide range of financial products, and advanced market analysis tools offer real-time insights for data-driven trading. Don’t forget to take advantage of tax-efficient accounts like ISAs and financial calculators to optimise your strategy.

Investing doesn’t have to be overwhelming. By using the right tools, you can take control of your financial future, simplify your investment process, and ensure the long-term growth of your wealth.