Wednesday, April 6, 2022
Show HN: I built a tool to aggregate your investments and follow other investors https://ift.tt/deVSPY3
Show HN: I built a tool to aggregate your investments and follow other investors Hi HN! Over the past year, we’ve been building Wealthly ( https://wealthly.com ), a tool to help you aggregate all your investments, and a community of investors who are sharing their portfolios and knowledge. I started working on this idea because I had two personal frustrations: 1. I had a few different brokerage accounts, some retirement accounts, and a little crypto all in different places. It was hard to get a glance of everything I had. I tried all the products in the market, and they all had various issues (poor data quality, constant disconnect, didn’t support options, etc) 2. I learned a great deal about investing from other people online, but I always wanted to see where people actually put their money. I needed the transparency because it gave me a sense of comfort and trust We’ve slowly built up a small group of users who have connected close to $18M of live assets. We’re hoping that the HN community will find a tool and a community like this useful! I think whenever a product like this shows up, the number one thing people get most concerned with is always security and are you scraping brokerages for data. Unfortunately we don’t have a magic bullet around this issue in the US. We use the brokerages’ official OAuth APIs whenever we can, and resort to scraping when we’re forced to with no other solutions. To address the security and privacy concerns people have, we are also thinking about open sourcing our connectors, and creating a desktop app where all your data is stored locally instead of in the cloud. We haven’t opened up sign ups yet, but you can join with this invite link: https://ift.tt/LTiJRSb . Would love to hear any feedback! This is my personal portfolio: https://ift.tt/x83zUWn https://ift.tt/I9CqY1n April 7, 2022 at 01:32AM
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