The Best Monthly Subscriptions Make You Money. Here’s a Neat One
Monthly subscriptions are all the rage these days, and we get it. There’s something really appealing about receiving a product or service without having to get off the couch.
Of course you need a box of vitamins delivered to your door each month. And a box of fab, fit and fun items? Why not? You can even sign up for broth subscriptions. Yes, like bone broth… delivered to your door each month…
Subscriptions don’t just come in the form of a box at your front door, either. You also have to consider your monthly subscriptions to Spotify, Netflix, Hulu and even Amazon Prime.
Although convenient, these one-and-done transactions quickly add up. In fact, subscriptions top AOL’s list of sneaky expenses destroying your budget. You enter your credit card information, then you’re on autopilot, hardly acknowledging the new charge tacked onto your monthly statement.
Six months later, and your freezer is stocked with enough broth to feed your first, second and third cousins.
But did you know the best subscriptions could potentially make you money?
The Most Valuable Monthly Subscription? An Investment App
If you’re trying to determine if a monthly subscription service is worth signing up for, consider the value it’ll potentially add to your life.
Do you need makeup samples once a month? Or three streaming services? Will these help you become a better person, improve your productivity and your life? Perhaps, but it’s easier to justify paying $1 a month for an app that’ll help you become more financially savvy.
With iBillionaire, an investment app, you’ll pay $1 a month to learn to invest in the stock market through your phone. And if you already know how to? Great, then you’ll pay $1 a month to make the process as simple as possible.
Here’s what you’ll gain access to through iBillionaire for that $1 monthly subscription fee:
1. Warren Buffett’s Investments
One of the neatest features of iBillionaire is that it lets you invest like a billionaire. For example, if you want to invest like Warren Buffett, you can. iBillionaire has aggregated information on his investments and makes it available to invest in for as little as $5.
But before starting with a $5 investment, take the pulse of the investing strategy. You’ll see a rundown of important information, including the dividend yield percentage, the average market cap and the risk profile (conservative, moderate or growth).
Other featured billionaire portfolios include Carl Icahn and Bill Ackman.
2. A Variety of Investing Strategies Based on Your Needs
Investing requires a lot of strategy. As a rule of thumb, the younger you are, the more risk you can — and should — welcome.
For overarching strategies based on risk, invest in iBillionaire’s Conservative, Moderate or Growth pre-made diversified portfolios. Here’s an example of iBillionaire’s Moderate strategy:
The moderate-risk strategy can be a great option for beginners who simply want to get a feel for investing. It’s made up of a nice mix of stocks (typically riskier investments) and bonds (typically less riskier investments), so you’ll ideally see growth without taking any huge risks at first.
As you start feeling comfortable, you can begin dabbling in other strategies. One of the most common mistakes young investors make is not taking risk, so look into the Growth portfolio, which consists of more stocks — a potential for higher growth over time.
Warren Buffett has a famous quote worth remembering:
“Risk comes from not knowing what you are doing.” — Warren Buffett, reported by Business Insider
3. A Variety of Investing Strategies Based on Your Interests
So you can invest based on your needs… but what about your interests?
When you invest through iBillionaire, your money is going into an iBTF. An iBTF, which stands for iBillionaire Theme Funds, is the app’s version of an ETF. It allows your investments to be bucketed into funds based on your interests. For example, you can invest in marijuana stocks, in FinTech companies, or in health and fitness industries.
Again, for each iBTF, you’ll find all the information you need to make a smart, informed decision, including the stocks included in the iBTF as well as its overall performance.
4. Stocks With Big-Name Companies, Like Amazon and Netflix
If you’re not as interested in investing in bundles of companies through iBTFs, you can put your money toward individual holdings. Current top stocks based on returns include Square (the little chip reader you see everywhere), Amazon, AMD, Netflix and Apple.
Tap each company to read more about it and take a look at its historical performance.
5. The Ability to Automate Your Investments
The best way to handle your investments is to ignore them.
It sounds crazy, but here’s what Buffett advises:
“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for ten minutes.” — Warren Buffett, via Business Insider
If the market drops, don’t panic alongside everyone else. Just ride it out.
To make life even easier, you can implement a set-it-and-forget it strategy with iBillionaire, where you can choose to invest small amounts of money at regular intervals. For example, if you want to invest $5 once a week, you can — without thinking.
Consider this: if instead of subscribing to Netflix, you had invested $10 in Netflix every month starting 5 years ago in November 2013, your investment would be worth over $1,800 today. By contrast, spending $10 per month on Netflix adds up to $600 over 5 years.
6. The Latest Strategy Alerts
You don’t have to subscribe to constant news alerts to understand what’s going on in the market. iBillionaire offers an “advisor” section within its app. It updates multiple times a day with news and strategy alerts so you can stay informed.
7. Monthly Performance Updates
You can expect monthly updates from iBillionaire that’ll break down what happened in the market and explain how your stocks are doing.
Conclusion: Investing $1 a Month Helps You Save For The Future
The bottom line is that the market is saturated with monthly subscription services these days, but the truth is they’re not all valuable. Many play to your impulses… Oh, wouldn’t it be nice to get a box of perfume samples delivered to me each month?
The best subscription services are the ones that’ll add value to your life.
At least with iBillionaire you know you’re going to pay a fixed $1 fee. That’s $12 a year, which equates to about one month of a streaming service. Additionally, you’re tapping into a ton of powerful investing information. And if you’re a beginner investor? That’s fine, too. Apps like iBillionaire are there to walk you through the process.
If $1 a month can help you save money for your future self… isn’t it worth it?
Learn more about iBillionaire, then sign up for its valuable subscription.