With the rise of software-as-a-service (SaaS) companies, more investors are looking to invest in this fast-growing industry. SaaS stocks like Salesforce, ServiceNow, and Workday have delivered strong returns over the past decade. However, researching and investing in SaaS stocks can be difficult for individual investors. This is where SaaS investing mobile apps come in handy. These apps provide tools, research, and even automated investing in top SaaS companies. In this article, we will explore the value of SaaS investing apps and the key features to look for.
SaaS investing apps simplify research with stock screeners
One of the biggest challenges of investing in SaaS stocks is researching the sheer number of companies in the industry. There are hundreds of lesser known SaaS stocks an investor needs to analyze. SaaS investing apps solve this by providing customizable stock screeners focusing on financial metrics important for SaaS companies like revenue growth, gross margins, and retention rates. Top apps also incorporate third party data on company management, product reviews, and growth trends to paint a complete picture and allow comparing SaaS stocks.
Automated SaaS investing strategies optimize passive investing
Beyond self-directed stock picking, many SaaS investing apps now offer automated investing options. Investors can leverage the expertise of professional investors and data scientists by using these automated strategies tailored specifically for investing in SaaS stocks. This passive investing approach uses algorithms to pick SaaS stocks and manage the portfolio over time by periodically adding new positions and rebalancing. Hands-off investors benefit from technology handling the portfolio without stock-picking skills.
Built-in research tools analyze SaaS stock fundamentals
Fundamental analysis forms a critical part of researching SaaS stocks before investing. SaaS investing apps include digital tools to analyze financial reports, valuation models, and growth projections to determine the fair value of SaaS stocks. Graphs and visualizations also allow assessing historical trends and future expectations of revenue, profits, cash flows of SaaS companies. This data helps investors separate overvalued stocks with limited upside from undervalued picks.
Seamless multi-account access aids portfolio management
As an investor builds a portfolio of SaaS stocks, managing multiple accounts across different brokers and retirement accounts becomes difficult. SaaS investing apps solve this by integrating digital account aggregation which provides a unified view of holdings spanning multiple accounts. This gives a holistic view of asset allocation and sector exposure to manage overlapping positions and gaps in the portfolio. Easy digital access also allows monitoring portfolios anytime as SaaS stocks fluctuate in value.
In summary, SaaS investing mobile apps empower individual investors by simplifying research, enabling passive investing strategies, providing powerful analytics tools, and facilitating multi-account access. Rather than picking SaaS stocks blindly, these apps give the data and automation to invest successfully.