I took some time this past weekend to dive into MeetInvest, see what it was all about and what I could learn. I was a little blown away by the information to choose from and was worried that everything was going to be way over my head.
So, is it worth it to join? Here’s my honest meetinvest review.
MeetInvest – What it’s All About
MeetInvest is a social network for investors and it’s one hundred percent free.
When you sign up you fill out some basic info just like you would with any other social media platform. You also have to pick two investing interests that range from stocks to real estate and everything in between.
You can then follow people and groups based on your interests, whose updates will then show up in your feed. (Think Facebook style formatting.)
Also, based on the interest you chose you’ll be given information ranging from beginner to expert.
What I Liked
Just as a reminder I am not a seasoned investor. While I started out trying to pick dividend stocks I have now just taken a hands off approach, putting all of my money in index funds.
With that said, what I liked the best about MeetInvest was the “create a basket feature.” Here’s how it works: after clicking create a basket you’ll be taken to a page where you can choose an investing strategy. (These strategies range from aggressive, non-aggressive, utility, mid cap, etc. and are based upon an investing guru’s strategy.)
As you can see I chose “Benjamin Graham – Intelligent Investor” strategy and also chose worldwide. From there I had the option to get a daily notification of incoming and outgoing stocks. Meetinvest also has a virtual calculation tool that can help you pick stocks.
What I Didn’t Like
While there was some basic information for beginner investors (located under the insights tab) a lot of the information felt a bit over my head.
I definitely don’t feel like meetinvest is for the everyday investor.
Will I Use meetinvest?
I don’t think meetinvest will be a social network that I actively participate on, but I definitely see its appeal for more advanced investors.
If you’re an active investor wanting to connect with like-minded people and share investing strategies then this a great social network for you. But for the rest of us? I think there are much better places to get information.
Have you tried MeetInvest Yet? Did you find it useful?