The Money Pouch, a free automated stock trading app, is launching EUR & GBP strategies to compliment its successful USD strategy.
SINGAPORE, SINGAPORE, September 20, 2018 /EINPresswire.com/ — The Money Pouch is a free wealth management app which allows you to trade stocks on autopilot.
The Money Pouch has been running successful ETF strategies in USD for the last 18 months, but now The Money Pouch is expanding to allow GBP & EUR strategies for clients.
This is particularly useful for clients who cannot trade USD ETFs due to PRIIPs regulation.
PRIIPs (Packaged Retail Investment and Insurance Products) are a set of EU investment regulations designed to protect consumers. PRIIPs require fund providers including ETF providers to produce a Key Information Document (KID) that enables investors to compare the risks, rewards and costs of different investment products.
European-domiciled UCITS ETFs were ready with their new KIDs when PRIIPs came into force alongside the MiFID II rules at the beginning of 2018. However US-domiciled ETFs did not comply and, as they mostly serve the US market, producing EU-approved information at their own cost is not a priority. So, many clients could no longer trade these USD ETFs.
Also, many clients are paid in EUR, but based in Asia or elsewhere worldwide and were asking us to create EUR strategies. The Money Pouch has gone one better and also included GBP strategies. Althogether, there are now 9 strategies available in USD, EUR and GBP for a conservative, balanced and adventurous risk profile.
The Money Pouch has now been downloaded over 10,000 times on Android and Apple mobile phones since its launch in February 2018. The Money Pouch was also listed in the Top 3 Business to Consumer Roboadviser Apps by Kaplan Capital in Hong Kong.
The Money Pouch offers clients a free risk questionnaire, where they can find out their free risk score. This score is then used to allocate an investment portfolio which suits a client's risk tolerance. For example, someone who is cautious with how they invest their monies will be placed into the conservative risk strategy, whilst a younger person with a higher propensity to risk, will be placed in the adventurous strategy. Those who are neither risk seekers or avoiders can set up a balanced strategy.
The Money Pouch aims to make 1% – 2% returns per month over a 5 year period depending on a clients' risk tolerance. Not every month will be a winning month and you can expect some losing months over any one year period. This is why investing in stocks and ETFs is a long game. You must remain invested for a 5 year period or more.
The Money Pouch team has a wealth of experience and have built over 400 successful trading algorithms. The Money Pouch app allows for automated stock trading of equity and bond ETFs. You can see the video below to find out how to set up an automated trading account in less than 10 minutes. Once an account has been approved by compliance, which normally takes a few days, you will then be able to fund your account.
The minimum initial deposit is only 10,000 USD. Clients who are worried about tax or court litigation also have the option to set up accounts via offshore companies, offshore trusts or offshore foundations. Joint accounts are also allowed.
Anyone who is an existing Interactive Brokers client, can easily transfer their account over to The Money Pouch with a simple one page form. This will suit clients who don't have time to trade very day or who have accounts which are not trading as they might like. The video below explains how to set up an automated stock trading account. You can set up an account in less than 10 minutes and you can start to trade like the pros immediately.
Click the link below to learn more about the Money Pouch's investment strategies and download the free apps on Google Play and iTunes.
Hudson James Investment Management
+1284 494 8945
email us here
Source: EIN Presswire