I like this idea a lot... My only concern is the hip factor in the app could drive a surge in the demand for the underlying securities rather than people investing based on value. This could create a situation where "green investing" is wildly popular and cause a bubble.
Launch HN: Alinea (YC W21) – Invest in stocks you believe in
21–30 of 139 posts
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#22Same name as my favorite restaurant in the world.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#23I think the premise of it is awesome, but it can only be wrong. I'd like some data that proves that the retail investors of your platform end up beating S&P for a start.
Companies themselves struggle to even understand their own balance sheet.
There are plenty of services which offer aggregated data about balance sheets with typical market formulas.
Basically there's a huge industry of sell side analysts that often create huge reports about a company, or something that is going wrong etc. It isn't really possible to distill all this information in an 'bite-sized format', as there are many variables and even some outside factors like macroeconomics and so on. Sometimes, even something that isn't shown Today in the balance sheet end up making a company over time shrink until it's gone.
Wouldn't this actually create the fake perception that they are well informed before getting into a business?
What if I sign up and end up seeing that my market performance by using the Apps advice is trash? What if I end up investing in a company full of intangibles that find out that those intangibles are worth nothing?
If you even go to a hedge fund you might find out that most of the analysts suck, and they study their whole life for it and often have degrees in very respectable universities, while breathing all the 'financial jargons' you wrote. So, can an amateur really read a few sentences and make good investments and at least beat an index?
All this without reading a book about investment or understanding a balance sheet. :-)
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#24Same name as my favorite restaurant in the world.
It means "Align" in Spanish, which is nice and makes sense for such a product.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#25Earlier quoted context omitted.
Yes, Alinea means a new way of doing something,for us, it's a new way of investing!
Why on earth would you name a fintech company after a world-famous restaurant? Bonkers...
To those who have not seen the Grant Achatz profile in the Netflix series Chef’s Table (S02E01), I highly recommend it. One of my favorite episodes in the whole series. Excellent cinematography and storytelling. Obvious not the only reason Alinea is world famous, but definitely gave it a ton of exposure.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#26Does this have any relation to the world-famous restaurant, sometimes in the past ranked as the #1 restaurant in the world, of the same name?
Yes, Alinea means a new way of doing something,for us, it's a new way of investing!
So you deliberately gave your startup the same name as one of the most famous companies in another industry?
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#27Same name as my favorite restaurant in the world.
Considering how famous this restaurant is, it may confound discovery.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#28Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#29I like this idea a lot... My only concern is the hip factor in the app could drive a surge in the demand for the underlying securities rather than people investing based on value. This could create a situation where "green investing" is wildly popular and cause a bubble.
Understand your concern that's why we offer as much insight as possible to push value based investing rather than simply following the hype.
Re: Launch HN: Alinea (YC W21) – Invest in stocks you believe in
#30I think the premise of it is awesome, but it can only be wrong. I'd like some data that proves that the retail investors of your platform end up beating S&P for a start. Companies themselves struggle to even understand their own balance sheet. There are plenty of services which offer aggregated data about balance sheets with typical market formulas. Basically there's a huge industry of sell side analysts that often c…
I think you are missing the purpose of the services they provide.
Why would it be necessary for them to prove their customers beat the S&P but not necessary for Schwab or TDA or Robinhood?