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The "world's best investments"? From what I can tell you can only replicate what others are doing on your site right?
by shakil 11y ago
The "world's best investments"? From what I can tell you can only replicate what others are doing on your site right?
- skhatri11 11y agoYou can make your own investments as well. The "replication" part of it is just to give you an opportunity to see what other people are doing in case you're interested. What's really compelling is that you get to see investment opportunities that you wouldn't normally consider. Most people are investing in Apple and Google, which is fine. But there are inefficient parts of the market and for the retail investor, that's an interesting place to spend time researching.
- biot 11y agoIt seems like the only automated replication that you can elect to use is upon sell. Are there plans to replicate buying as well? No doubt you're familiar with how other sites work: decide to "follow" an investor and your funds are effectively pooled into theirs and executed automatically on your behalf... at the cost of some percentage as management fee. I'm curious as to why you've chosen the model you have.
- skhatri11 11y agoMany sites have gotten it wrong my doing auto buy. We built Instavest for ourselves. I don't want to give someone else a pile of my hard earned money and let them make investments without my approval. Additionally, I want the option to find investment "gems". That is, one off opportunities that I resonate with for any number of reasons. By sifting through a list of curated investments and choosing whether or not to buy in, I preserve my right to manage my money and do what I think is right for my risk / reward profile. M