For the past 15 years we've been researching and investing in the stock market we're always
trying to find the best tools and apps to make us more efficient and more successful here are the
hey guys it's Amber and Jerad here from holy city family we've spent the last 15 years learning
about personal finance saving as much money as we possibly can in investing in the stock
market in real estate we've been married for nine years and have three children on the age of four
that we cheers and love deeply and they've changed our life and shown us what is truly
important in life so driven by that motivation we became millionaires at the age of 35
and Jerad actually just retired from his 9 to 5 job at the age of 38. this year we actually also
founded holy city family and we're using that to share our journey with you through
early retirement and our our plans for the future in a world where 58 of Americans have
less than a thousand dollars saved and only 24 of millennials demonstrate basic financial literacy
we share content that teaches and helps people to save their money and invest it our mission is to
empower you to achieve financial independence so that you can pursue your dreams and ambitions in
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One of the first investment apps that we're going to talk about is personal capital
and this is something that we've been using for a long time and we consider this the foundation
of where we go to look at all of our accounts and all of our investments in one place some of the
things we like about personal capital are number one it's free unless you want to have personal
capital manage your investment for you then there is a cost for that but otherwise it's amazing that
so many of you get so many features in this and it's free I'm always amazed by that so it's also
easy to use and a very simple interface and we also like that it's the website's very easy to use
it looks good on an iPad and it's also very easy on your phone which you'll see we can also use
this to track all of our accounts in the website mobile app all of that together one thing i wanted
to mention I've heard this from some friends that they get a little nervous when you go into an app
and you start adding accounts with usernames and passwords and one thing to note is that a lot of
times with these we could you can do it manually and add the account or add your investments
manually so you don't necessarily have to go in and actually sync your your credentials and
everything with it another feature that we like on personal capital is the net worth tracker and
this is where you can track all of your accounts in one place to know exactly where you stand the
portfolio tracker feature allows you to compare your investments to indexes like the s p 500 this
can also break this break your investments down by asset allocation and this is great because it also
works on index funds and it shows how those would break out by the asset allocation as well there's
also a feature that within this that allows you to look at your investments across US sectors and
last but not least is the retirement planner this is one of the best retirement planners
I've ever seen it allows you to set up many many different scenarios with a lot of customizations
see how those different scenarios will affect your overall retirement plan for example you can add
this ad social security income at certain ages for you and your spouse you can also add inheritance
asset sales if you're going to sell your house at some point down in the future you can put that
into the the calculator and it will adjust your plan for you you can also adjust your cost of
living to a very detailed level and then see how that would affect your overall plan and you can
see that all visually and i think personal capital does a great job and again this is on mobile and
on the website now for the things that we don't like about personal capital the budgeting feature
is a little clunky we actually prefer using mint to it and we've talked about mint and some other
previous videos and we'll share more about men in some future videos can't auto categorize like
you can admit so it mis-categorizes sometimes those purchases and the bad part is you can't
change that and then personal capital may contact you in order to manage your investments for a fee
yeah and i would mention that i would recommend maybe you talk to them the first time and you
know hear them out and see what they what their recommendation is for your investments and just to
get another opinion and then decide if you would want them to manage your portfolio for you or not.
hey buddy let's go
what do you think
oh papa likes those chips
Another app we use is Finbox and here's a few things we like about it it is free
but it also has paid plans that start at $10 a month and on up from there they give you access
to different data elements and different features within the site there's also a stock screener and
this is great to separate stocks depending on the metrics that you set up it's also really good to
find new companies that you may not have thought about that meet different criteria that you set up
another feature is fair value estimates and this is something that we use all the time and we use
it for all the companies that we invest in and the things that we like about it are that it has
a very clear breakdown of what the fair value price is how much upside or downside you're
looking at and then the level of certainty in that fair value whether it's i think it's a high medium
or low there's also a breakdown of the analyst targets and in this example we're looking at
there's 40 different targets that there that this is coming from and then there's a market range uh
for a 52 week and then there's also the fin box models and it shows how many models there are
for each company that you're looking at in the fair value estimate another great feature we
like on Finbox are the health checks and this is where thin box goes through and gives you a score
on your on the health of each company so in this case the score is great that grades the
company based on growth profit price cash flow and relative value and then if you take that
a level deeper what those met what those scores are made up of are all the metrics shown on this
page and then it also shows the health history on the right hand side based on the last five years
and the latest period below Finbox also does a great job of comparing companies or competitors
and in this example apple is compared to companies like HP, Microsoft Alphabet and not only does it
show you this by default and then it shows you a chart on the right Finbox also has a customizable
watch list and this is great because a lot of tools and apps that we've used in the past they
have a watch list but they have very limited data points that you can pull in with Finbox you can
go in and customize all the columns that you use and you can see exactly what you want for all the
different companies another great feature is that for those watch lists they have a data export you
can export all the data elements that you've just set up in your watch list and you can export those
to excel or google docs so some things that we don't like about Finbox they actually discontinued
in excel in google sheets add-on this year so that that's a little yeah and then the more advanced
data points like fair value and the excel export require the paid plan that we mentioned earlier
the next app we use is TradingView and TradingView is a free service and they also have paid plans
so the great thing about TradingView it has stunning charts i think it's the best charting app
out there and the cool thing is that you can add in all kinds of different elements
into your charts it's highly customizable and anything that you create if you were to create
a trendline and you wanted a certain color or size you can create a template for just
about anything so within a click you can put an element on the chart and then you can click
whatever template you've already created and it will make it exactly like that every time so you
don't have to keep doing it manually another great feature of trading view is that their mobile app
is actually almost as functional as the website which is really rare and a lot of brokerage
accounts that we've used they have uh maybe they have a really great charting app on their website
but then when you go to the mobile app they have hardly any of the functionality sometimes they
don't have anything for the charts but in this case you can do almost everything that you can do
from the website on the mobile app which is pretty incredible considering how small that screen is
another great feature for TradingView is the advanced technical analysis
and i can admit that i know how to do a lot of things but it's even over my head as far as all
the different technical analysis that you can do with it apparently it has a hundred plus pre-built
most popular indicators that you can just click on from a list and they're ready to go and they
look great and they're already customized you don't have to go in and set anything up yourself
there's also a hundred thousand community built indicators so the other nice thing about
TradingView is it's not just a cookie cutter app or site it's something that users actually
contribute to and build up together so now for the things that we don't like about trading view
the free plan has limitations such as you can only use three indicators at a time you can see
only one chart on the screen at the time and then there's only one chart layout that you can use and
and that in that plan yeah and i found that these are things that i can do without i haven't had to
upgrade to uh beyond a free plan but i wonder if if someday maybe i will maybe we'll want.
another great app that we use is interactive brokers now this is this has free trades for
the IBKR lite and i think for the IBKR pro it's a it's like a dollar and then there's
uh some kind of variable fee for that one of the great things about using interactive brokers is
that they have access to international stocks and that's something that a lot of the other brokerage
accounts that we've used does not have access to and that's not only stocks but options futures
currencies and bonds and they have access to over 13 different markets 33 different countries and 23
different currencies another thing we like about using interactive brokers is that it's stable
it's reliable and secure and we'll talk about Robinhood in a minute but it has a
lot of features that Robinhood does not on the reliability factor this is also designed for
professional traders so you know it's a pretty stable pretty beefy system so another thing we
like about about interactive brokers is the low they have the lowest margin rates in the business
so for example if you have anywhere from zero to a hundred thousand dollars then the margin rate
would be one point six percent for the IBKR pro account and then for the light account the margin
rate is 2.6 percent which is still very very low some things that we don't like about interactive
brokers the trader workstation platform is slow and outdated there's a monthly cost to
view pre and post market price quotes there's also a monthly cost to view the market data for
different stocks and the charting functionality is actually kind of limited in that sense Jerad.
oh my god
so another great app that we use is Robinhood and i know this is really popular right now and just
iPod i think it was last year not only do we use the app but we've also invested in the company so
here's some of the things we like about Robinhood first of all it's very simple and easy to use
they have free stocks and ETF trades and by the way ETFs are just bundles of stocks that
are put together also Robinhood really changed the industry with the free trades as soon as
they started doing that all the other brokerages did but i can still remember when i was using
e-trade back in the day and it cost i think it was eight dollars to buy the stock and then eight
dollars to sell the stock so you can imagine um that was really crazy they changed every other
brokerage for doing that or because they did that so we really appreciate that uh speaking of that
when you sign up for a robin hood account you do get one free stock i think that's valued up to
300 and it just depends on i guess luck of the draw to see which stock you actually get
when you sign up yet another great feature of Robinhood is that they have fractional shares
and so this is where you could buy maybe a more expensive company like amazon for as little as
a dollar another great feature that we like in Robinhood are the watch lists and these could be
some a custom watch list that you create yourself or they have several that are already created for
you such as the 100 most popular list and that's something that the media talks about a lot
and the cool thing there is that you always have a good idea a good handle on what people
on Robinhood are investing in so it gives you some insight there and last with robin hood the thing
that we like is the IPO access and i feel like robin hood does a better job than other brokers on
keeping you informed about IPOs that are coming up and then once they're available they make it
very clear to you and send you notifications and things to tell you that a company is available
that has IPO'd and they're available to be invested in some of the things that we don't
like about robin hood there's no international trading which like interactive brokers we can
do international trading which first that works and there have been recent outages and lawsuits
against them one outage actually happened during covet the code would crash in 2019 or 2020 sorry
and that was actually during critical trade hours okay to recap now that we've gone through a top
five investing apps that we use we hope this makes you a more successful investor more efficient
and it gets you a little bit closer to achieving financial freedom
if you have any questions about investing apps or apps that you like please put that
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