Instavest
Finance and crypto
social investing
SHOW HN2015
How HN took it
1 positive, 39 neutral or asking, 4 mixed, 20 critical, out of 64 comments about the project. Thread score -0.43.
Idea: 1 for, 12 againstDesign: 0 for, 3 againstExecution: 0 for, 1 againstDocs: 0 for, 1 againstPricing: 0 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Social, community aspect of copying investors is interesting
From 1 comment
The voluntary gifts aspect is interesting. In the FAQ, there's mention of the option to tip someone whose investments you've shadowed, if you've been successful. If you…
chiaro on HN
Objections
Pump and dump and manipulation risk
From 2 comments
I can think of many ways to abuse this site[0], and that is just from an initial standpoint. This could be the next big SEC case waiting to happen. Are there measures in place to…
gravypod on HNI would worry about lead investors front running their trades; its pretty easy to make money in the market if you can get a large number of people copying your trades AFTER you…
mckoss on HN
Survivorship bias and past returns do not predict future results
From 3 comments
How are you controlling for survivor bias? Unless these investors are highly leveraged, have insider information, or are simply 'lucky' (or a combination of all three) I would…
bdkoepke on HNWhile it's an interesting idea, it seems like this is suggesting trying to copy someone's short term stock wins. The current page shows someone (6 random faces, where you can't…
mpdehaan2 on HNIdeas like this one smell of ponzi schemes. If this method were really a profitable idea they would not share it.
bottled_poe on HN
Review and verification of lead investor writeups may not scale
From 1 comment
> The write up is reviewed internally by member of the Instavest team and is cross checked for financial discrepancies against SEC filings. Is this really scalable?
discardorama on HN
Sign-up requires funding and investor details are hidden behind login
From 2 comments
Why is it that I can't see any details about the investors without logging in? The only thing I can see are the returns of 6 select investors, which is less than helpful. And I…
gruez on HNI closed the signup exactly at that same spot. Unfortunately this gives the sign "snake oil". The intent and model is o.k but not enough credibility for me to wire money without…
3327 on HN
US-only, with citizenship and residency requirements
From 3 comments
I've seen a few platforms like this and they're US only. Anyone aware of one that supports Canadian investors?
biot on HNNot according to your signup. It requires me to affirm that "I am a US citizen or permanent resident." I'm a legal long-term US resident but not a permanent resident (i.e. green…
ctphipps on HNAlso, Why does it require me to be an US citizen?
ravenkat on HN
Requests
Support for Canada and other countries
From 2 comments
I've seen a few platforms like this and they're US only. Anyone aware of one that supports Canadian investors?
biot on HNCan I sign up to receive a notification when you do add canada.
mrebus on HN
Integration with other brokers such as Robinhood
From 1 comment
Cool! But i would like to have it integrated with other brokers (robinhood!). BTW: this is very similar to https://zercatto.com , no?
tuxetuxe on HN
Team page with names and bios
From 1 comment
> Our team includes alumni from the U.S. Department of the Treasury, Goldman Sachs, Braintree, and Oaktree Capital Management. Where is the team page with their names and bio?
btian on HN
Questions
How are lead investor trades reviewed and controlled
From 2 comments
>3. An investor must disclose if the asset they are purchasing is held on another platform workaround: get your spouse/in laws/friends to hold the assets for you >4. Moderation…
gruez on HN3. Like other financial institutions, we cannot stop bad people from doing bad things. What we can do is put the proper safeguards and procedures to protect people. 4. Let's say…
skhatri11 on HN
How is this different from Covestor
From 1 comment
How is this different from Covester (http://covestor.com/), which has been around (and seemingly struggling) for awhile?
bcaine on HN
Alternatives named
eToro
From 2 comments
This is exactly what Etoro does. Etoro has many problems though. To name a few: - Many traders will keep losing trades open indefinitely and only close their winning trades. This…
Avalaxy on HNEtoro.
Avalaxy on HN
Covestor
From 2 comments
How is this different from Covester (http://covestor.com/), which has been around (and seemingly struggling) for awhile?
bcaine on HNI am not sure how this is a pump & dump scheme. Covester (backed by USV and acquired by Interactive brokers) has a similar model. Wealthfront's predecessor -KaChing-(backed by…
nrao123 on HN
DittoTrade
From 1 comment
Sounds awefully familiar to DittoTrade (http://www.dittotrade.com)
jlatibonite on HN
Zercatto
From 1 comment
Cool! But i would like to have it integrated with other brokers (robinhood!). BTW: this is very similar to https://zercatto.com , no?
tuxetuxe on HN
Motif Investing
From 1 comment
I was referred to a similar website, when I share this with my co-worker. https://www.motifinvesting.com/motifs#catalog=our
grdvnl on HN