Follow Your Favorite Portfolio
Sorry for the short post, but sometimes things are better when they are brief (don’t tell the search engines that). Anyway I just got an email from Thrillist which surprised me. Usually they send emails about cool happenings in your city and new services that are springing up. However, today they mentioned a new site called Covestor, get it Co and Investor together ( let me guess coinvestor.com was taken ).
Here is what Covestor is all about.
Basically its a web 2.0 trading site. What this means is that you can track all you investments in all the typical flashy graphics. But the cool part is that you can follow other people’s portfolio. This is all anonymous of course, but it is still a pretty neat thing to see how other investors similar to your profile are doing.
I think if this thing catches on it will act to minimize risk even more. I am a big believer in that the group is wiser than any computer program or model out there. If you do not believe me just check out how much more accurate Intrade is compared to all the pundits and indicators out there.
Will Covestor take some of the power back for individual investors away from major financial institutions?
