Growing your finances can now be done with minimal effort thanks to automation and technology.

Remember how popular it used to be to monitor and record expenses and deposits to your bank accounts using a physical ledger? Most transactions can now be recorded online or via a smartphone application, thanks to technological advancements.

Aside from expense tracking, technological advancements now enable us to transfer money to each other, whether near or far. Banks and other financial institutions are harnessing the advantage such advancements bring. It’s now so much simpler to make payments through online banking services or even e-wallets.

Nowadays, there are also solutions to invest (grow) your money with technology that is right at your fingertips.

Here are some of the best automated investment apps that you can use to grow your finances.

#1. StashAway

StashAway is popular in Malaysia for its comprehensive wealth management suites that is customized to your preferences.

StashAway Simple allows you to grow your money by obtaining unit trust management rebates. You’ll get a predicted return of 2.4 percent every year, which you can use to make more investments.

Once you’ve decided to invest, StashAway lets you tailor your investment strategy to your specific goals and risk tolerance. As you do so, you can seek advice from real individuals about how to improve your money management plan for better results. With mobile and desktop apps, StashAway may be accessed anytime and anywhere you want. Regardless, it contains a two-factor authentication function that ensures that only you can access your account.

  • The projected return of 2.4% per annum for StashAway Simple.
  • Customize your investment plan.
  • Consult real people.
  • Two-factor authentication.

#2. MYTHEO

MYTHEO, allows you to invest in global exchange-traded funds with a minimum beginning amount of RM100 (ETFs).

MYTHEO keeps track of financial and economic statistics, as well as current events. MYTHEO rebalances your investments and puts your money in a better performing ETF if it detects an approaching market slump. MYTHEO also ensures the security of your data, allowing you to invest with confidence.

  • RM100 minimum starting capital.
  • ETFs exposed in the global market.
  • Better returns and diversified risks.
  • Rebalances your portfolio in the event of a market slump.
  • Data protection.

#3. BEST

BEST by BIMB Investment touts itself as a user-friendly Robo-advisor. To begin, creating an account is free and does not involve the completion of lengthy paperwork. To begin investing, all you need is RM10. Enter your risk profile and desired outcome, and BEST will select the funds that are most appropriate for you.

After that, you can relax and keep a check on your money as needed. The nice part about BEST is that you can invest and withdraw funds whenever you want. Additionally, there are no sales, withdrawal, or switching, or transfer costs.

  • Easy account opening.
  • RM10 minimum investment.
  • Invest and withdraw anytime.
  • No sales charges, withdrawal charges, and switching or transfer fees.

#4. Wahed Invest

With a minimal investment of RM100, Wahed Invest allows you to start an account in minutes. Wahed invests for you based on your risk tolerance. Meanwhile, you may sit back, relax, and keep an eye on your performance. You can be confident that your investment portfolio will expand significantly while they handle it.

Your investments will be spread across many enterprises in various places throughout the world. This also appears to be an effective method of risk reduction. You can invest halal without fear with Wahed Investment.

  • RM100 minimum.
  • Invests for you.
  • Diversified investment portfolio.
  • Protected data.
  • RM20 on successful signup with min RM100 investment with promo code STEVYON1

raiz

#5. Raiz

Raiz allows you to invest tiny sums of money automatically, such as your spare change. Not only that, but it also suggests an investment portfolio tailored to your present financial situation and objectives. There are three types of portfolios to choose from: cautious, moderate, and aggressive.

Raiz will automatically rebalance your portfolio if it becomes detrimental. Raiz provides limitless free deposits and withdrawals as they handle your money. Your data and money are also kept safe and secure and are stored on a remote server with the highest level of protection, so nothing is stored on your devices.

  • Invest small amounts easily.
  • Conservative, moderate, and aggressive portfolio.
  • Automatic rebalancing.
  • Unlimited, free deposits and withdrawals.
  • Maximum security.

#6. GO+

Users can invest their eWallet balance into the integrated GO+ account and get a nett daily return rate of 1.73% per year.

If you’re new to the investment market and want to get started, all you have to do is open your Touch ‘n Go eWallet app. You’ll have complete discretion over when and how you cash out your balance, and you’ll only need RM10 to get started.

The SC has granted GO+ a license, and it is operated by Principal in collaboration with CIMB Bank.

  • Integrated with your Touch ‘n Go app.
  • Cash out in any of the 30+ banks nationwide.
  • the GO+ fund is Shariah-compliant
  • Can start with just RM10

#7. Versa

Versa debuted in January of this year, with returns comparable to fixed deposits (FDs) and the ability to withdraw cash at any time without penalty. To begin earning up to 2.4 percent interest every year, all you need is a one Ringgit deposit.

Deposits will be placed in the MMF Affin Hwang Enhanced Deposit Fund, estimated returns of 2.46%. Daily interest returns will be credited in the form of biweekly distributions to investors. Versa charges a 0.3 percent annual fund management fee and a 0.05 percent annual trustee fee.

  • No lock in period
  • Start saving with as low as RM1
  • No sales charges, transfer and exit fees
  • Offers interest that is compounded daily

#8. Luno

Look no further than Luno if you want to join the cryptocurrency craze!

You can start trading a range of cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple, with a minimum investment of RM10. You may earn free Bitcoin simply by encouraging your friends to join, and if you join using a friend’s invite link, you’ll both receive RM25 in your e-wallet to begin spending crypto! OR with MyPF’s exclusive promo code buy RM500 crypto and get additional RM50 BTC, with promotion code LUNOMYPF50.

  • Regulated by Securities Commission Malaysia.
  • Can use direct bank transfer deposit or FPX for buying crypto coins.
  • Supports the major cryptocurrencies such as Bitcoin and Ethereum
  • Ease of use.

Conclusion

Technological advancements are here to improve our lives, including our financial lives too.

Refer to our article here to get more details on the experience using some of the platforms mentioned above.

It should be noted that while these investment apps are some of the most prominent in Malaysia, you should consider doing your due diligence before opting for any one option. Some aspects of certain platforms may not be suitable for you depending on your unique requirement, preferences and circumstances.

 

Which of these apps have you used before? Let us know in the comments down below.