OnMarket Bookbuilds gives retail investors access to IPO market

OnMarket Bookbuilds, an app launched in Australia late last year allows retail investors to bid on IPO's. Investors can view the prospectus and any independent research on the company and are alerted when a company is coming to market.

To "make it rain" means a variety of different things on Urban Dictionary. The most enjoyable is almost biblical in expression: "to have a fat wad of cash and thusly throw it in the air and let it fall from above them as if it was raining". The definer then added, "it's funny to watch non-ballers do this in the club".

If you are a non-baller, money can be a tricky subject. And in and of itself, budgeting can be a boring subject. Which is why allowing technology to take care of some of the mundane aspects of keeping one's fat wad of cash still fat, is perhaps a baller move.

There are plenty of budgeting apps to keep track of your spending, but most of them require you to log each purchase, perhaps categorise it and then the app will create some kind of chart so you can monitor inflows and outflow. That kind of topline view is helpful when you're looking to save, but what about using those funds to invest and make a mint?

The Acorns app rounds-up each purchase you make and stores it in an investment portfolio for you.

Acorns has just arrived in Australia and it's a really simple investing platform. It basically rounds-up each purchase you make. A $7.70 bill becomes $8.00 and once you've linked Acorn to your bank accounts, it pulls that extra 30¢ and stores it in an investment portfolio for you.

You can select from one of five portfolios, depending on your risk tolerance and your investment goals. There's no minimum account balance you need when opening an account but you do need at least $5 in it to keep investing.