Investors have jumped on the mobile app bandwagon. They are trading more on their cellphones and say it gives them confidence and provides an investment edge, a Fidelity survey found.
Nearly seven out of 10 (69%) respondents to Fidelity’s Mobile Money Study released Tuesday feel mobile trading gives them an advantage over investors who don’t use mobile apps. And 41% said they place at least one mobile trade per month.
Four out of 10 (41%) of frequent users of financial apps reported a return on investment of more than 20% on their total investable assets in the past 12 months, while just 22% of less frequent users cited similar returns, the Fidelity survey found. Read more here.