Investing in the stock market is one way to make use of extra cash you may have sitting in the bank, but it doesn’t pay to get into it if you aren’t prepared to make smart investment choices. If you aren’t quite ready to hire a financial advisor to help you do that, the investing app Tykr offers a potential stop-gap solution.
Tykr is a stock screener designed to help you find low-risk stock options without having to devote a ton of time to doing your own research. If you’re curious to see how it can impact your investment portfolio, right now you can get an additional $20 off its discounted price using the coupon code STOCK.
Browse stock options, make better choices
Tykr aims to both help you research stocks and teach you how to make wise investment decisions. It uses straightforward language and a user-friendly interface help the layperson grasp the basics of financial statements, stock charts, and ratios before they invest their first dollar.
Once you find a stock you’re interested in, you can check its Tykr summaries and scores. The former indicate whether a stock should be considered a potential buy or sell, while the latter attempt to outline how safe or risky the investment is. At the moment, Tykr includes information on over 9,000 U.S. stocks.
After you make your first investment, Tykr can advise you on when it might be time to sell. If you aren’t quite ready to invest yet, you can create a watchlist of stocks you want to monitor, and Tykr will notify you when they drop in price and become a potential buy. The general idea is the more you use Tykr to familiarize yourself with the basics of investing, the more comfortable you’ll feel managing your own portfolio.
Tykr offers resources to help you make your first investment
Tykr connects you with educational resources that can help you become a more competent and knowledgable investor. It also provides access to an interactive community forum and free webinars so you can learn from other investors.
Right now, a lifetime subscription to Tykr Stock Screener’s Pro Plan is 65% off, and you can save an additional $20 off with the coupon code STOCK.
Prices subject to change.