Thanks for spotting this ... no pun intended
Actually my fault for not creating accurate error messaging. It should say "No special symbols allowed." The code itself is fine. Love that you found this. We'll fix it on the next push. Ftr, these are some of the characters that are not allowed: <,>.?/:;"'{[}]|\`~
Hey tinkerrr, I believe the value to someone like you is in connecting with others on the same boat to be better informed. I'm with you in the sense that I don't always care what my friends are holding... unless my friends are really smart.
For example, I see LVS dropping and am considering starting a position. I ping the people who hold LVS right now (nvestly.com/ticker/lvs) and ask them what they think and if they know what's driving the selloff. Reality is that people on Nvestly are generally well-informed about what they hold, so new information surfaces and the entire group benefits. The fact that people's identities are tied to real portfolios tends to generate higher quality discussions vs. a Stocktwits, Yahoo! group or even SeekingAlpha comments.
If you don't ever trade and don't have to discuss anything, it's most helpful just to track your portfolios in one place without multiple logins and to see your returns. The annualized return (IRR) figure for example is something you can't generally get without paying an analyst (or investing hours into a spreadsheet). The IRR is important because it's an annual return that all funds in the world look at (like angels looking at traction).
Newbies do like to follow 'top investors'. I actually didn't think this would be super relevant but people loved it so we made it the homepage upon login and are adding a few things to protect people against blindly following.
Experienced investors have been using Nvestly as an investment resume of sorts. The system pulls up to 10 years of historical track record info and this is unprecedented afaik.
So these are 3 use cases. Let me know if it doesn't answer your question.
Hey I'm one of the co-founders. Thanks for checking it out and for the comments! Right now the site doesn't filter for concentrated portfolios and we'll certainly be adding that. This is our first version of the product. Glad you noticed that! You might find more value in finding people who hold something you hold or something you're considering investing in.
We just added the "professional investors" section today and will be sure to work on the UX. Agree with your points here. That feature would be awesome, we're adding it to the list.
Hey tinkerr, I'm the CEO, thanks for the question.
The value in this space is in the shared data. It's analogous to Twitter -- the individual tweets might be useless, but the collective data is valuable. If you could see all the real portfolio data that people are sharing, it would be magnitudes more interesting than sentiment data from i.e. stocktwits because it represents real dollars (and in that sense we let people share trades to stocktwits, too). Actually, if someday people were to start publishing real dollar amounts you'd even see total aggregate volume. And if people were to add target holding period to their trades, you could see volume by expected holding period. There's definitely inherent value in that, but it's a very long-term play.
For now, the value is in better investment discussions. It's impossible to have one on i.e. stocktwits. The real portfolio info provides an environment for higher quality conversations. A few experiences people have expressed are valuable on Nvestly:
- Finding others who hold a stock they hold and discussing what to do next.
- Finding people who have traded a stock a lot and sharing research
- Having a little more fun by earnings investment merits (similar to badges) or getting feature as a top weekly investor
The 'business' way to describe the value to society is that the social element helps introduce the concept to the younger generation. >50% of millennials are saving for retirement but only 10% are investing even though the majority who save think of the stock market as a viable vehicle for retirement (had to memorize this for a pitch).