Plum, the smart money app, has introduced two new features, ‘Watchlists’ and ‘Price Alerts’, to help customers track stocks and make informed investment decisions.
Facts
- Plum has launched ‘Watchlists’ to enable customers to monitor financial instruments before deciding whether to purchase them.
- Plum has also introduced ‘Price Alerts’, which allow customers to set target prices on stocks and receive automatic notifications when the share price rises or falls to the set level.
- Plum launched stock investing in May 2022 and offers up to 3,000 single US stocks for customers to invest in.
- One-fifth of the investors on Plum’s platform are choosing stock investing to grow their money over the long term.
- Research from Plum shows that knowledge and interest in investing are growing among young people aged 18-44.
- However, the cost of living crisis has impacted their appetite for risk, with 72% of young people agreeing that the state of the economy has made them less likely to take risks with their cash.
- Elise Nunn, Wealth Product Manager at Plum, believes that the new features will help customers invest confidently in a challenging environment and build their wealth.
