One Investing App That Could Change The Future
Choosing what stocks to invest in or what stocks should make up portfolio an d what allocation those stocks should be is a challenge for any investor. Hedge Funds and Mutual Funds have entire teams dedicated to making these decisions. Now with Nvestly you can actual pick investors (anyone who is using the app) who earn great returns and see how they are investing or just match you allocation to exactly what they are doing.
Read about the app changing the way we see investing.
By bringing a social component to online investing, Nvestly allows users to follow top traders and collaborate on new investment ideas. Since their recent launch in October, Nvestly is currently managing over $25M in assets and the top investors are outperforming the S&P 500 for the last year.
I think with enough users that it will be a lot easier to invest and you can see which way the money is flowing in the market by using their “$” system (almost the same as twitter and Instagram with # but a $ instead). The company is also doing a $2,500 AAPL stock giveaway. Who doesn’t like free money? I have not been paid by Nvestly and I have not downloaded the app, yet. I just think it is really cool.
About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.