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Hey guys I'm one of the founders at Openfolio. Curious what y'all think of the concept.

• spott 12y ago
  I like the concept, but it feels a little more "cute" to me right now than "very useful". For example, information is given to me that people bought or sold a stock, but not why: which means I don't know if it is appropriate for me to do the same. It feels a little bit like taking advice on trading stocks from people who can't really give that advice. I would love to be able to find people based on their year over year performance, and the diversification of their portfolio: Someone with small amounts of lots of different stocks who is doing better than the S&P500 might be useful to follow, but most of the people I followed are doing worse than the S&P500, and are poorly diversified, because I couldn't choose them based on performance.
  • hal2001 12y ago
    Hey man, fair criticism. We are currently really just a place to "consume" this information – we're not yet providing you with the tools to act on it. We're trying to build our dataset more before we dive deep into answering some of the questions you've raised. In terms of philosophy, we agree with you in many ways. We want to offer you a service where you can find the group of investors you aspire to be like, and then help you figure out how to get your investments on the track to match them. And we do have some opinions on what that group of investors you "aspire" to be like is... they should be diversified and balanced... and their risk should be appropriate for you and your situation. As we grow we hope to get there. Ping me on twitter (@hal2001) or email (hart@) if you want to talk more.