Jar App is Devastating Beginner Investors: Are you using Jar App to buy gold? Stop right now. There’s something very scary happening that no one tells you. If you’re a beginner investor and think Jar App is safe for saving and investing, let me show you how it’s actually creating big losses for people like you.
How Does Jar App Work?
Jar App promotes the idea of saving your spare change. For example, if you spend ₹98 on something, the app rounds it up to ₹100 and saves the remaining ₹2. You can use this spare change to invest in digital gold or start a SIP. It’s a great habit for savers, as it helps you put aside small amounts without even realizing it but not good for investors.
Jar App looks simple, right? You put your money in small amounts, and it says you’re buying gold. But here’s the truth that no one talks about:
The Big Problem with Jar App
- Different Prices for Buying and Selling Gold
When you buy gold on Jar App, the price is higher than the real market price. But when you sell, the price is lower than the market price. This means the app keeps a big chunk of your money. For example, if the market price is ₹5,000, the app might sell it to you for ₹5,100 and buy it back for ₹4,900. You’re already losing money even before you can make a profit! - It’s Hard to Make a Profit
Normally, when you invest, you want the prices to be fair so you can make some money. But with Jar App, the prices are set in a way that makes it nearly impossible to profit. Beginner investors end up losing their hard-earned money because the system is designed to take more from them.
If you’re serious about investing and want to grow your money, you need a trusted platform. I would recommend Angle One. It is a safe and reliable broker that offers transparent pricing and tools for beginners. You can invest in gold, stocks, and ETFs with fair prices in Angel One with no hidden tricks or unfair pricing gaps like Jar App.
I’ve already talked about how Angel One makes trading easy in my previous articles. If you missed them, you should definitely check them out for more tips here. To open account in angelone, please follow this link.
Final Words
Jar App might look easy and fun, but jar app is devastating beginner investors at all. In fact, it’s making it harder for you to save or earn from your investments. Don’t let apps like Jar drain your money. Start today with the right tools and see your money grow the right way.