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Show HN: Nvestly, Never Invest Alone

nvestly.com

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Re: Show HN: Nvestly, Never Invest Alone

#3

> Your sensitive information including brokerage account login credentials are always kept encrypted using 256-bit level complexity. You need a lot more cryptographic detail if you want this product to be treated as secure.

Thanks for the feedback. We wanted to keep it simple for the general audience and we dig in just a little bit more in FAQ. We're in the process of creating a dedicated "security" page. As this is probably the smartest community we can find on the subject, would love any specific input on security.

TBH, we leveraged some of the same technology and thus wording that SigFig, Personal Capital, Mint and other pioneers in the space use.

Re: Show HN: Nvestly, Never Invest Alone

#6
This is really cool, nice work.

It feels to me like all the online brokerages are stuck in the dark ages. I'd like to be able to trade on a nice modern site with good reporting tools. Maybe you guys could build that eventually. I'm sure in the meantime I will be interested in watching people who are doing really well -- that information is extremely interesting to me.

Re: Show HN: Nvestly, Never Invest Alone

#7
post #6

This is really cool, nice work. It feels to me like all the online brokerages are stuck in the dark ages. I'd like to be able to trade on a nice modern site with good reporting tools. Maybe you guys could build that eventually. I'm sure in the meantime I will be interested in watching people who are doing really well -- that information is extremely interesting to me.

Thanks for the kind words my friend.

Yes we'd love to get there. Our CEO left the investment management industry precisely for that reason. Said his boss, who managed $6 billion, still typed with 2 fingers. No offense, but probably time to start embracing technology.

Re: Show HN: Nvestly, Never Invest Alone

#9
post #8

Wish you supported more brokers. I personally am interested in support for Optionshouse and Interactive Brokers.

Thanks for the input! We're integrating more brokerages as we go. We've been swamped with requests, so any indications on your favorite brokerages would help us choose. Right now we've queued up Interactive Brokers, OptionsHouse, TradeKing and Wealthfront. Also have requests for Betterment, Loyal3 and Motif. If there are any more we should add to the list we'd love to hear it.

Re: Show HN: Nvestly, Never Invest Alone

#10
Honest and serious question - what's the purpose of this service? Do you think an investor will get higher returns if he knows what his friends are buying? What experts are buying? It seems to me that no serious investor would ever need this type of a service. I understand it's cool to make everything social, but I can get absolutely no useful information from this aspect.

The reporting side can definitely be very cool though, and it could provide serious benefits if done right.

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