To become a successful investor, you need to do smart investing. Smart investing is nothing new or magical - it is just an extension of basic investing principles. It helps you make the right investment choices so you meet your specific financial goals. Today, smart investing has become even more crucial as investors need to deal with high inflation. It is mandatory to invest in instruments that can give you double-digit returns.

How does smart investing help you?

Smart investing helps you with three essential points:

·         You get to create an additional income source if you require one (dividend stocks if we talk about equity).

·         It provides your long-term financial security since you invest wisely.

·         It helps you create sufficient post-retirement wealth.

Every investor has this question - How to become a smart investor? The not-so-easy way is to learn about investing. The problem is that it requires a lot of effort and time. Not everyone can give the required time to this - they have a job and a family to look after. The alternative is to use technology to bring equity intelligence to your investing journey. Let us see how to use technology for smart investing.

Technology & Smart Investing

Look at your portfolio as an integrated investment (all your assets as a whole). There are only a few assets where you can use technology for smart investing. One such instrument is equity investment. For equity, being smart is vital given the risk. Let us see how technology brings equity intelligence to your investing:

Stock selection: It is one of the biggest challenges for any investor - novice or seasoned. If you have failed to pick the right (and quality) stocks, you can become smart by using tools that help you with stock selection. There are AI-driven tools available that you can explore for the same purpose.

Monitoring: You selected the stock (DIY or technology), but you continuously need to monitor it if you want to become successful. What if there is negative news around one of your investments, and it is obvious it will fall? You must exit, right? You can only exit on time if you regularly monitor it, and most people are unable to do it. Use technology for stock or portfolio monitoring. AI tools can continuously monitor your portfolio and alert you if there are any red flags.

Portfolio rebalancing: Investors need to book their profits regularly and move to the other stocks where they see growth potential. Investors can use technology that can help them with portfolio rebalancing.

Conclusion

Before you start your investment journey, please ensure you have enough funds in your emergency account - that is one thing every smart investor does. It will protect your equity investment even in the worst-case scenario.

Smart investing is the need of the hour. Technology gives every investor an opportunity to become a smart investor. Sumit Chanda, CEO of Jarvis Invest, and his team has created this excellent AI-driven platform that helps investors invest in the stock market with ease. You can explore the app or other similar apps if you want to use technology to become a smart investor.