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Learning Investment Apps

Investment discussion for beginners. Why you should invest your money, get help getting started
feder1
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Learning Investment Apps

#253013

Postby feder1 » September 21st, 2019, 8:52 am

The recent Moneybox radio 4 program mentioned the above and it sounded interesting.

They said that investment in stocks was almost unknown to most people and especially women seemed very unwary about it all. This is incredibly sad despite attempts by governments over several decades. Millions of people are condemning themselves to relative poverty rather than growing wealth as inflation marches on relentlessly.

A quick look came up with Nutmeg, Moneybox, Crowdcube, for example.

BobbyD
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Re: Learning Investment Apps

#253636

Postby BobbyD » September 24th, 2019, 4:23 pm

I find the idea of letting people imagine they have 'learned investment' incredibly frightening. It implies that investment is a finite, stable topic which given a little time and a little application can be conquered like a maths GCSE. Financial planning, wealth management, or Things not to do with your money would I think be less dangerous.

...and if you want shocking stats which bring in to question people's ability to manage their money, heard on a podcast yesterday (FT money I believe) 50% of UK adults can't calculate a 5% pay increase on a £9 an hour pay rate EVEN WITH A CALCULATOR.

Dod101
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Re: Learning Investment Apps

#253646

Postby Dod101 » September 24th, 2019, 4:56 pm

feder1 wrote:.

They said that investment in stocks was almost unknown to most people and especially women seemed very unwary about it all.


I cannot help myself but I guess that 'women seemed very unaware about it all.' or 'Women were very wary about it all' was what was meant, but I take the point. Actually the UKSA is behind a financial education site called www.honestmoneynow.co.uk. It is good I think as at least a primer for people who know nothing. The trouble is people cannot be forced to look at this sort of site.

Dod


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