Nvestly is a new start up that just launched their social investment platform that allows both novice and expert investors to see each other’s trades, share information, and track the performance of their portfolios. Users can interact, collaborate, and even compete on returns with anyone in their network — from followers to friends.
Nvestly allows you to connect your brokerage accounts, and the it reads your data to see how your portfolio performs compared to your friends and other popular investors that you can follow.
What is Nvestly?
By bringing a social component to online investing, Nvestly allows users to follow top traders and collaborate on new investment ideas. Since their recent launch in October, Nvestly is currently managing over $25M in assets and the top investors are outperforming the S&P 500 for the last year. Their goal is to leverage social components and technology to help average investors make better investor decisions.
It’s important to remember that no dollar amounts are ever shown. They aren’t a platform to brag about your portfolio size, but rather what you do with it. Everything is expressed in terms of percentages.
The only thing that Nvestly doesn’t do right now is options or futures. However, these should be coming soon!
Nvestly Teams Up With The College Investor
Nvestly and The College Investor share a lot in common – we are both here trying to help investors make smarter decisions when it comes to investing. Here are The College Investor we do it through eduction, while at Nvestly, you can do it through experience and following other’s experiences.
To make things fun, Nvestly has generously offered a giveaway to College Investor readers. You have your chance to win part of $500 worth of Apple stock – one winner will receive 3 shares and another winner will receive 2 shares.
This Contest Is Over.
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him here and here.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.