4 reasons why you should invest in stocks using your bank app
In today’s world, having one source of income is just not enough due to the inflation present in the market. Hence, people look for alternate sources of income to deal with the inflation and take care of their expenses.
Investing in the share market is one such alternate source which provides protection against the rising inflation in the market. You could invest in stocks for long-term or gain profits from intraday trading. Many people rely on the stock market for their primary source of income. There are several ways one could invest in the share market, however, one of the best ways to do so is through an internet banking app, here’s why:
● No need for a middleman
Stockbrokers, also known as middlemen in the process, are not involved in the entire process. Hence, there is no need to pay a consulting fee or a commission fee as there is no involvement. Investors can choose from a variety of portfolio suggestions made by the internet banking app. However, it is always advisable that the investor conducts his/her own research before investing in these portfolios.
● Transactions are completed faster
Earlier, to complete a transaction, investors needed to fill and submit forms which would be then processed. However, while trading through an internet banking app, investors can buy or sell their shares within a few seconds. Investors can complete their payments online directly from the bank app. This increases safety as there are no third-party people or apps involved in the process and investors can carry out their transactions with peace of mind.
● Convenient to trade
Opening a trading account on the internet banking app is extremely easy and a hassle-free process. Investors just need to install the banking app and create an account by entering a few details and uploading the supporting documents. The app helps save time as the trades can be carried out anywhere during the market hours. It does not require the investor to sit in front of the screen till the market closes.
● Allows to keep a constant eye on the market
Investors can keep a constant eye on the market and monitor their investments without a broker telling them their best recourse option with the help of an internet banking app. Most mobile banking apps are designed to show all the investments made and their performances in a single interface. This allows inventors to keep a track on the performances of their shares. They can purchase or sell their shares during market hours at their convenience, while also evaluating their profit and losses. Moreover, investors can easily apply for an IPO through their bank app which eliminates the need for any third-party app to carry out their trading functions.
Banking apps provide investors with several features which makes the entire trade process convenient, safe and easier for them.
We hope this article was informative and you invest in the share market through your banking app. Thank you!