Why is VirtualBox a prereq? This appears to be a locally-run web app, unless I'm missing something.
Show HN: Use wealthbot.io to easily setup your own portfolio management platform
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Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#12Why is VirtualBox a prereq? This appears to be a locally-run web app, unless I'm missing something.
Because the author was nice enough to provide a Vagrantfile that can easily spin up a box that gets provisioned with all the required software installed. Sure you could probably run it on your host OS, but why would you even want to bother with that?
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#13Sorry, but I don't see anyone using this ever. Managing money is mostly about making constituents feel comfortable and this does not. This doesn't strike me as the type of subject matter to do as a side-project or hobby.
I don't understand this kind of cynicism. As a financially literate individual, I think this is pretty cool and will probably give it a go at some point. What's more comforting than a locally hosted app in a vm you can tailor however you want? I certainly prefer that over handing all my financial data to some 'cloud' service.
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#14Sorry, but I don't see anyone using this ever. Managing money is mostly about making constituents feel comfortable and this does not. This doesn't strike me as the type of subject matter to do as a side-project or hobby.
I don't understand this kind of cynicism. As a financially literate individual, I think this is pretty cool and will probably give it a go at some point. What's more comforting than a locally hosted app in a vm you can tailor however you want? I certainly prefer that over handing all my financial data to some 'cloud' service.
I really don't like being critical but I think this is just kind of silly (at least for US citizens). For example, first survey question: are you "Interested in experiencing dramatic short term losses for better returns?". "Interested"? Really? "Dramatic"? Is that just unfortunate word choice or is this thing just not legit?
First of all, Betterment and Wealthfront are good companies. If "startups" concern you, check out Schwab's robo-advisor service or, better, get a Vanguard LifeStrategy fund.
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#15I'm reading the Readme -- what's RIA?
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#16Earlier quoted context omitted.
I don't understand this kind of cynicism. As a financially literate individual, I think this is pretty cool and will probably give it a go at some point. What's more comforting than a locally hosted app in a vm you can tailor however you want? I certainly prefer that over handing all my financial data to some 'cloud' service.
I really don't like being critical but I think this is just kind of silly (at least for US citizens). For example, first survey question: are you "Interested in experiencing dramatic short term losses for better returns?". "Interested"? Really? "Dramatic"? Is that just unfortunate word choice or is this thing just not legit? First of all, Betterment and Wealthfront are good companies. If "startups" concern you, check…
> get a Vanguard LifeStrategy fund
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#17Earlier quoted context omitted.
I don't understand this kind of cynicism. As a financially literate individual, I think this is pretty cool and will probably give it a go at some point. What's more comforting than a locally hosted app in a vm you can tailor however you want? I certainly prefer that over handing all my financial data to some 'cloud' service.
I really don't like being critical but I think this is just kind of silly (at least for US citizens). For example, first survey question: are you "Interested in experiencing dramatic short term losses for better returns?". "Interested"? Really? "Dramatic"? Is that just unfortunate word choice or is this thing just not legit? First of all, Betterment and Wealthfront are good companies. If "startups" concern you, check…
example: Wealthfront doesn't allow you the control to avoid natural resources as an asset class.
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#18I'm reading the Readme -- what's RIA?
"A Registered Investment Adviser (RIA) is an investment adviser (IA) registered with the Securities and Exchange Commission or a state's securities agency." [0]
"A Registered Investment Advisor is defined by The Investment Advisers Act of 1940 as a "person or firm that, for compensation, is engaged in the act of providing advice, making recommendations, issuing reports or furnishing analyses on securities, either directly or through publications." An investment advisor has a fiduciary duty to his or her clients, which means that he or she has a fundamental obligation to provide suitable investment advice and always act in the clients' best interests." [1]
[0] https://en.wikipedia.org/wiki/Registered_Investment_Advisor
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#19It seems like this is targeted at Investment Advisors, would it be useful for the rest of us without any finance training?
You could use it to track the performance and to rebalance your own portfolio. Here's some background on rebalancing: http://www.bogleheads.org/wiki/Rebalancing Btw, I highly recommend Bogleheads.com if you want to learn more about personal portfolio management.
I've been rebalancing religiously every quarter, sector-balanced low-fee mutual funds etc. Lifetime APY so far, 2.5% . S&P500 APY over same time period about 8.3% . Grumble.
Re: Show HN: Use wealthbot.io to easily setup your own portfolio management platform
#20Cool! Even if a demo is great, with the complexity to setup I would prefer screenshots as well to show some standard use-cases.
On the technical side: You should really upgrade Symfony to version 2.7 (new LTS), the 2.1 you use is not supported aynmore. In the demo (production environment) you should hide the webtoolbar for security reasons.