My son's Trump Account app is boring. Here's why I think other investing apps should take note.
I opened up a Trump Account for my son, and was struck by how boring it was. That's great news for encouraging responsible investing.
My son and I opened a Trump Account for him to receive the $1,000 seed money. I was disappointed with the app's lack of engaging features. Unlike other investment apps, the Trump Account has minimal design and functions, focusing mainly on $SPYM, a low-cost S&P 500 index fund. The sign-up process was simple, and the app's projections of future wealth were straightforward.
However, the app could benefit from more transparent contribution sliders and contribution prompts to prevent less savvy investors from making uninformed decisions. The app's straightforward design is a refreshing change in the current market of gambling and investment apps.
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