The general platform is good enough. I’ve never invested before but seen my dad play the stock markets for years with some success. This app makes it quite easy for newbies with no experience in investing like me. The only two issues I’ve found so far are the app occasionally freezes and crashes, which is easily resolved by shutting it down and restarting it. The other issue is that you can’t change your password via the app, you must go online to do it and if this is done using apples automatic strong password generator, it doesn’t transfer that password to the app. Other than that a good app and well worth it for new time investors.

For me Wealthify has been a great introduction to the world of managed investment funds: I have never ventured into this world before except perhaps to contribute into a pension fund. So far I am pleased with the results. I wanted to test my reactions and my resilience in sticking with it for a while so that I could check if I really was as willing to accept the level of risk indicated for me, determined by performing the simple Wealthify questionnaire. For that reason I decided to invest a reasonable initial sum of money, which I would be comfortable about taking a risk with, over a period of at least 6 months. The app made the process of setting my fund up very simple and it provides me with the means to monitor my investment, whenever I want to. This is also quite straight forward. There was a period early on when the value of my investment became less than the initial sum that I invested; but as I said, I wanted to test my resolve. I have since found that it is better to consider week by week performance rather than worry about the day to day ups and downs. In so doing I am becoming more comfortable with the idea that this will be for the long term. At this point my trial period has been running 105 days and the present indicated level of interest is 2.65%: When I began I was thinking that I would be very satisfied if I managed to achieve a target of 4% interest in a year, so approximately 2% in 6 months. As investments can go up and down, I am not counting my chickens just yet but I am getting more of a feel for things. In the last week, at time of writing, there has been some nervousness on the international markets, due to such things as President Trump’s activities and Italian politics, you name it. This has been reflected in my investment’s performance but it has only lost about 0.42% of interest on its best performance to date of 3.07%.

I’m not entirely sure this is the best option on the market, however it’s very easy to work with and set up. I have 2 gripes both I’m sure they could fix and one is probably my naivety. 1. Please just take a payment directly from the app. Why have I got to set it up from my bank as well. You cannot do quick payments directly from the app. In 2018 this is not entirely acceptable. 2. They deal a lot, this is based on your risk level I’d imagine. Otherwise it’s a good ISA to perhaps run along other investments you have or if it’s your first punt. I’ve said I’ll give it a year then reassess as it’s a buyers market.

I wanted to set up a simple investment with a small amount of cash and hopefully build on that in the future, with Wealthify I was able to open with one £1000 and contribute only £1 a month, which whilst it might not seem worth it, I hope will help to get me into better habits! The app is so easy to use and I am really happy that I was able to choose an ethical plan. I have already had one update that my investment was moved as one of the companies no longer met the ethical criteria and I’m pleased that it is something that is checked and updated regularly. Great work!