THE BEST STOCK-PICK­ING APPS

GQ (Australia) - - GQ INC. -

1ONMARKET BOOKBUILDS Dodgy name, but its busi­ness isn’t. Down­load this app and you can swipe left or right to check out com­pa­nies tout­ing them­selves to new in­vestors sim­i­lar to Tin­der. Be­fore On­mar­ket Bookbuilds landed, the only way to snaf­fle shares in an up­com­ing Ini­tial Pub­lic Of­fer­ing – where com­pa­nies list for the first time on the ASX – was to be matey with your stock­bro­ker. “The process hadn’t changed in 40 years,” says man­ag­ing di­rec­tor Ben Buck­nell. That means most of us were miss­ing out on a way to make a quick buck. Over the past 35 years, shares in newly floated Aus­tralian com­pa­nies have risen by an av­er­age 22 per cent on the first day of trade, says Buck­nell. Two floats got away via the app in late 2015 and both made in­vestors im­me­di­ate prof­its. Plus PM Mal­colm Turn­bull is a fan, “The bril­liance of this app is sim­ply that it makes it eas­ier to buy, to trade,” he said at the com­pany’s launch. Still, just like on Tin­der, you’re ad­vised to do some re­search.

2ACORNS Ash­ton Kutcher is a part owner, so here you’re in with the cool crowd. Work­ing from the maxim of ‘You reap what you sow’, Acorns forces you into sav­ing by mak­ing a mi­crowith­drawal each time you buy some­thing on EFT­POS. For ex­am­ple, your daily $3.80 dou­ble ristretto might get rounded up to $4 and the 20 cents dif­fer­ence gets salted away for later. All those lit­tle pieces of loose change are then in­vested into ETFS (Ex­change Traded Funds), which pool to­gether shares, bonds and cash in­vest­ments, giv­ing you the ben­e­fits of a di­ver­si­fied port­fo­lio. With a swipe of your smart­phone you can choose be­tween five in­vest­ment strate­gies – from con­ser­va­tive to ag­gres­sive de­pend­ing on how much of a hurry you’re in to make money (and your will­ing­ness to lose some along the way). Fees are just $15 a year on your first $5000, and 0.25 per cent of the money un­der man­age­ment af­ter that. Ac­cord­ing to Acorns Aus­tralia’s CEO Ge­orge Lu­cas, a pro­fes­sional fund man­ager would cost you three times that amount.

3CMC MAR­KETS PRO This one’s for the adults. If you know your way around a VWAP, then you’ll find ev­ery­thing you can dream of on this per­sonal fi­nance bad boy. Not an app as such, more a space­ship that takes over lap­tops or desk­tops. Its black screen looks suit­ably ne­far­i­ous and adds a pleas­ing touch of the Bloomberg Ter­mi­nal beloved by in­vest­ment bankers. There’s re­search from Reuters and Morn­ingstar, and a pile of chart­ing tools for those who like to look for mys­te­ri­ous pat­terns like ‘hang­ing men’ and ‘shoot­ing stars’ in share prices. Mas­ter this one and you’ll soon be sport­ing braces and slicked­back hair. Just re­mem­ber, as Gor­don Gekko says, lunch is for wimps. Want some­thing a lit­tle eas­ier for buy­ing and sell­ing shares? Then give CMC Mar­kets Stock­broking app a spin, awarded best value by CANSTAR for five straight years. It also has the low­est bro­ker­age fees and comes with plenty of bells and whis­tles. And there’s even train­ing wheels for new­com­ers.

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