With each passing year, the world of investments looks less like a frantic bustle on the trading floors of Wall Street and more like an average guy pulling out their phone every so often to view a couple of notifications and react to them with several taps. This inevitably entails the integration of consumer mobile technologies in the process, including omnipresent mobile tracking.
You may be familiar with the term in the context of obnoxious Google Ads, content suggestions, and app permissions. However, an average consumer doesn’t have to be a passive target, a victim of monitoring algorithms. Equipped with a mobile phone tracker, you can feel more informed and empowered not just in the context of your daily routine but also when it comes to investment. Read more to find out about opportunities for investors offered by phone trackers.
Mobile Tracking in a Nutshell
This is how smartphone trackers work in simple terms:
- A sender applet is installed onto the target device. This can be done either manually or over-the-air using cloud tech like Apple’s iCloud.
- The applet is then tweaked to integrate deeply into the smartphone’s software in order to retrieve desired info.
- Using regular data transfer standards like 5G or WiFi, the applet sends data packages first to the tracker servers and then to the user.
- The user, in their turn, is able to view and sometimes manipulate the information remotely – if need be, without any visible traces in the target phone.
The process allows you to extract almost any type and amount of data from the tracked device. This is not much different from your typical spyware, the difference being that trackers are intended for consensual child and elderly care and are thus legal. To clarify it further, here are some types of data that can be retrieved with a phone tracker:
- Incoming/outgoing calls (including call recordings) and text correspondence in standard SMS apps;
- Unprotected files from the phone’s internal directories, like media from the gallery and browser downloads;
- Visited, bookmarked, and even deleted pages in the phone’s standard or custom browser;
- Chats and media from messaging and social apps in the form of screen captures, text logs and audio recordings;
- Real-time data from the device’s GPS module, as well as its camera and microphone.
So far, this list looks more suitable for a homegrown hacker’s routine, but in reality, mobile trackers are already being used extensively by those who seek the means of expanding their investor’s toolkit for informed investment choices.
How Tracking-Aided Investment Is Already Applied
Here are some real-life cases of exploiting tracker potential for the good old money-making:
Portfolio Management
A beginner investor who’s just spent most of their capital on securities might be hard-pressed to find an affordable means of overseeing several portfolios linked to different accounts on different trading platforms. However, with a tracker on their second device, they can view the reports therefrom and spend four times less on a subscription (~$11 vs ~$50) than they would with a designated portfolio management app.
Market Analysis
The versatility and customizing options of the best mobile phone trackers allow you to turn them into an additional pair of hands when it comes to scanning the web for information that may influence your portfolio. Just set the tracker to send automated notifications whenever a certain word or a word combination appears on your monitored device and be among the first to react to the big news.
Location-Based Research
Finally, a tracker enables you to conduct complex research on web trends by collecting and processing data from different areas. For instance, you can rent out a storage box in a certain district away from home, place a device with a power bank there, and monitor it to see how algorithms modify the data displayed in search results or ads in that area.
Main Takeaways
Smart investment and its methods extend far beyond buying a promising crypto coin or paying for lectures of a rebellious trader guru. Some genuinely useful tools can be found in the most unexpected directions, mobile tracking being one of them. The existing cases suggest the following applications:
- Cheaper alternatives to portfolio management apps;
- Powerful, fully customizable web monitoring for verbal triggers;
- Insightful ad and SEO research based on physical location variations.
While an established and resource-independent investor may want to opt for pricey, specialized tools, a beginner trader with a limited budget might consider adding mobile trackers to their toolkit and thus bolster their awareness and responsiveness – the two key aspects of portfolio management.
Note that you don’t have to spend extra for the best phone tracker app – instead, pick one that has just enough features that seem useful. What is more, some products have great trial options that let you run a field test and see if using a tracker meets your expectations.
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