Comments on: Mint Moves Into Investment Tracking http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/ Startup and Tech News Sat, 17 May 2008 04:31:21 +0000 http://wordpress.org/?v=2.3.3 By: Nathan http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2296559 Nathan Wed, 14 May 2008 16:00:49 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2296559 Still waiting.... "This feature is currently being built and will be available to all mint users coon!" Got an email today: Sign me up for Mint’s investments beta! http://www.mint.com/investments-beta-invite-tell-a-friend.html Still waiting….
“This feature is currently being built and will be available to all mint users coon!”

Got an email today:
Sign me up for Mint’s investments beta!
http://www.mint.com/investment.....riend.html

]]> By: Investor Tool http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2272564 Investor Tool Tue, 06 May 2008 04:38:08 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2272564 i think it's a good news for investors. i think it’s a good news for investors.

]]> By: Karl http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2265465 Karl Mon, 05 May 2008 03:39:36 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2265465 Dave, I might know too much information about security and banking to know what the "typical" consumer thinks about the security of placing all your financial information on a site that is not audited or under the regulations of Financial Institutions but at sometime it might come up? While you claim to have no data or passwords you are passing the data off to a partner which few consumers know. Consumers know banks and companies like Intuit. They keep my money secure and I do my taxes with them. No one seems to be bringing this up. It is a very cool application I agree but why not cobrand it and sell it to banks? Dave,

I might know too much information about security and banking to know what the “typical” consumer thinks about the security of placing all your financial information on a site that is not audited or under the regulations of Financial Institutions but at sometime it might come up?

While you claim to have no data or passwords you are passing the data off to a partner which few consumers know. Consumers know banks and companies like Intuit. They keep my money secure and I do my taxes with them. No one seems to be bringing this up.

It is a very cool application I agree but why not cobrand it and sell it to banks?

]]> By: Todd http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2247679 Todd Fri, 02 May 2008 05:24:12 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2247679 Providing stock brokerage "may" require federal and state registration??? Try "definitely" will require registration. And that is a huge hurdle. But certainly where Mint should go if it wants to provide a real value-add. A single platform to manage (not just track) all of my financial transactions--that would be stellar. Providing stock brokerage “may” require federal and state registration??? Try “definitely” will require registration. And that is a huge hurdle. But certainly where Mint should go if it wants to provide a real value-add. A single platform to manage (not just track) all of my financial transactions–that would be stellar.

]]> By: dave mcclure http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2242336 dave mcclure Thu, 01 May 2008 09:07:40 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2242336 @chris, @steve: Yodlee is a Mint partner, and yes i agree it's a cool service... i've also been a user of Yodlee for ~5-6 years. that said, Yodlee ended up building their business more on the enterprise / white-label opportunity, so the consumer service hasn't really been their focus. in addition, Mint has done a lot of work to enhance Yodlee features and create additional value through algorithmic categorization, as well as a substantially new model for suggesting ways to save money / reduce debt / find better financial options. Aaron & team are doing some solid work, and i think it shows. hope they keep it up :) [disclosure: i'm a Mint advisor/investor] @chris, @steve: Yodlee is a Mint partner, and yes i agree it’s a cool service… i’ve also been a user of Yodlee for ~5-6 years. that said, Yodlee ended up building their business more on the enterprise / white-label opportunity, so the consumer service hasn’t really been their focus.

in addition, Mint has done a lot of work to enhance Yodlee features and create additional value through algorithmic categorization, as well as a substantially new model for suggesting ways to save money / reduce debt / find better financial options.

Aaron & team are doing some solid work, and i think it shows. hope they keep it up :)

[disclosure: i’m a Mint advisor/investor]

]]> By: Mint Takes on Investments Next Week http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2240003 Mint Takes on Investments Next Week Wed, 30 Apr 2008 22:11:11 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2240003 [...] Homepage [via TechCrunch]Thanks to Omar for the [...] […] Homepage [via TechCrunch]Thanks to Omar for the […]

]]> By: Steve S http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238500 Steve S Wed, 30 Apr 2008 17:28:39 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238500 I am with Chris. Yodlee has been my source for this information across many more financial and non-financial service areas for years. I am with Chris. Yodlee has been my source for this information across many more financial and non-financial service areas for years.

]]> By: Personal finance site Mint adds investment tracking » VentureBeat http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238449 Personal finance site Mint adds investment tracking » VentureBeat Wed, 30 Apr 2008 17:17:56 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238449 [...] trying to reach Mint to find out more, but TechCrunch already has the details. Apparently, you’ll be able to manage brokerage, IRA, 401k and 529 accounts, but not [...] […] trying to reach Mint to find out more, but TechCrunch already has the details. Apparently, you’ll be able to manage brokerage, IRA, 401k and 529 accounts, but not […]

]]> By: Aaron http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238405 Aaron Wed, 30 Apr 2008 17:09:38 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238405 @Andy Kant We'll be adding support for student loans, auto loans, and mortgages in a June release time frame. At that point, all your assets, all your debts, both short and long-term can be reflected on Mint for a true picture of your net worth. Aaron Patzer, Founder & CEO, Mint.com @Andy Kant We’ll be adding support for student loans, auto loans, and mortgages in a June release time frame. At that point, all your assets, all your debts, both short and long-term can be reflected on Mint for a true picture of your net worth.

Aaron Patzer, Founder & CEO, Mint.com

]]> By: Chris B http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238372 Chris B Wed, 30 Apr 2008 17:03:14 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238372 Nice! I am a big fan of Mint. My wife and I have tried to track our budget and finances with spreadsheets, Money, and Quicken and always gave up because they were just too involved. Mint really makes it easy. I look forward to May 6. Nice! I am a big fan of Mint. My wife and I have tried to track our budget and finances with spreadsheets, Money, and Quicken and always gave up because they were just too involved. Mint really makes it easy. I look forward to May 6.

]]> By: John Zeratsky http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238206 John Zeratsky Wed, 30 Apr 2008 16:36:32 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2238206 Mint is great as a daily/weekly place to watch cash flow and manage a budget. But I don't think I'd want to see my 401k balance every time I sign in. My 401k is a long-term investment account, and I like to check it once a month or once a quarter. So while I understand what Mint is trying to do here, I don't think this feature is a huge deal. I'd rather see them focus on improving the core cash flow and budgeting functionality. Mint is great as a daily/weekly place to watch cash flow and manage a budget. But I don’t think I’d want to see my 401k balance every time I sign in. My 401k is a long-term investment account, and I like to check it once a month or once a quarter.

So while I understand what Mint is trying to do here, I don’t think this feature is a huge deal. I’d rather see them focus on improving the core cash flow and budgeting functionality.

]]> By: Andy Kant http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237993 Andy Kant Wed, 30 Apr 2008 15:58:48 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237993 I've been using Mint for a few months now, great app. I hope they add student loans soon so that I can track all of my stuff in one place. I’ve been using Mint for a few months now, great app. I hope they add student loans soon so that I can track all of my stuff in one place.

]]> By: A4 - Mint Product http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237850 A4 - Mint Product Wed, 30 Apr 2008 15:35:42 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237850 @EH - Thanks for bringing the duplicate transaction issue up. We are working on resolution for this now which I think will work really well for your needs. It will launch shortly. Re: rules, tomorrow we are launching a new way to re-categorize transactions, including a much improved approach to creating and managing rules. Looking forward to hearing your thoughts on these features. @EH - Thanks for bringing the duplicate transaction issue up. We are working on resolution for this now which I think will work really well for your needs. It will launch shortly.

Re: rules, tomorrow we are launching a new way to re-categorize transactions, including a much improved approach to creating and managing rules.

Looking forward to hearing your thoughts on these features.

]]> By: Mark L http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237348 Mark L Wed, 30 Apr 2008 14:08:50 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237348 Is anyone aware of a UK equivalent of Mint - That has direct access to account data? Ta Is anyone aware of a UK equivalent of Mint - That has direct access to account data?

Ta

]]> By: Mike http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237083 Mike Wed, 30 Apr 2008 13:12:32 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2237083 I'm glad they've added investments. I hope they also have a good way to compare trading companies because I'm getting tired of the one I'm with right now (First Trade). It always takes longer to pull money from the account than the 2-3 business days that they suggest and its a ACH transfer. I've heard about mint.com for a long time and for some reason I didn't sign up until yesterday. I'm glad that I have. They do have some things in my mind that should be improved like comparing your spending to your income, so you can actually see yourself saving, but it's still a great tool that I will continue to use. I’m glad they’ve added investments. I hope they also have a good way to compare trading companies because I’m getting tired of the one I’m with right now (First Trade). It always takes longer to pull money from the account than the 2-3 business days that they suggest and its a ACH transfer.

I’ve heard about mint.com for a long time and for some reason I didn’t sign up until yesterday. I’m glad that I have. They do have some things in my mind that should be improved like comparing your spending to your income, so you can actually see yourself saving, but it’s still a great tool that I will continue to use.

]]> By: Tyler http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236969 Tyler Wed, 30 Apr 2008 12:48:29 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236969 @Chris - yes, they all use yodlee. Now that mint is providing investing data, I'll cancel my account with Covestor (don't need bragging rights, thank you). @ Dave -dude, you're great at getting money from the VCs, and it is a cool product, but this growth will stop very soon - it's not a viral app, no matter how you look at it. but mint will never be able to help me with investing as they do with helping me with my personal budget. vestopia is kind of doing that, but they also have a long way to go before getting there - and then please sync the two apps together, or with any other pro help for my investment needs! @Chris - yes, they all use yodlee. Now that mint is providing investing data, I’ll cancel my account with Covestor (don’t need bragging rights, thank you).
@ Dave -dude, you’re great at getting money from the VCs, and it is a cool product, but this growth will stop very soon - it’s not a viral app, no matter how you look at it. but mint will never be able to help me with investing as they do with helping me with my personal budget. vestopia is kind of doing that, but they also have a long way to go before getting there - and then please sync the two apps together, or with any other pro help for my investment needs!

]]> By: Dave Litsky http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236958 Dave Litsky Wed, 30 Apr 2008 12:45:58 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236958 If Mint would switch its monetization method from selling data to credit card companies to providing a white label financial management tool to financial institutions, I would use it in a heartbeat. But based on this paragraph, I doubt that will happen: "There are some things you still won’t be able to do with Mint, such as stock trades, bill payments and funds transfers. Mint CEO Aaron Patzer says those features will eventually be added, with a focus on bill payments first. Funds transfers and stock trades are a little stickier, though, and may eventually require state and/or federal regulation of the company." If Mint would switch its monetization method from selling data to credit card companies to providing a white label financial management tool to financial institutions, I would use it in a heartbeat. But based on this paragraph, I doubt that will happen:

“There are some things you still won’t be able to do with Mint, such as stock trades, bill payments and funds transfers. Mint CEO Aaron Patzer says those features will eventually be added, with a focus on bill payments first. Funds transfers and stock trades are a little stickier, though, and may eventually require state and/or federal regulation of the company.”

]]> By: Chris Scordo http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236875 Chris Scordo Wed, 30 Apr 2008 12:27:48 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236875 Hasn't Yodlee been providing this type of personalized account management for years now? http://www.yodlee.com Hasn’t Yodlee been providing this type of personalized account management for years now?

http://www.yodlee.com

]]> By: acedanger http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236593 acedanger Wed, 30 Apr 2008 11:25:38 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2236593 I've found mint to be a little slow, but it is a web app and not a desktop application so that's just how it goes. It would be nice if they could toss in some ajax on the categorization process and speed that up. I find that I spend a lot of time categorizing. @anthropocentric - what was the bug you found that caused you to cancel? I’ve found mint to be a little slow, but it is a web app and not a desktop application so that’s just how it goes. It would be nice if they could toss in some ajax on the categorization process and speed that up. I find that I spend a lot of time categorizing.

@anthropocentric - what was the bug you found that caused you to cancel?

]]> By: Jaisen http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235720 Jaisen Wed, 30 Apr 2008 07:35:29 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235720 I wasn't expecting Mint to add this functionality. But it will be well received. Rock on. I wasn’t expecting Mint to add this functionality. But it will be well received. Rock on.

]]> By: Mint.com launches investment tracking, gets support from financial institutions http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235654 Mint.com launches investment tracking, gets support from financial institutions Wed, 30 Apr 2008 07:12:36 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235654 [...] - the US web application that lets you manage your finances intuitively online - just got support from nearly all the major financial institutions in the US and will, on May 6, launch a tool which offers the ability to track your investment accounts as [...] […] - the US web application that lets you manage your finances intuitively online - just got support from nearly all the major financial institutions in the US and will, on May 6, launch a tool which offers the ability to track your investment accounts as […]

]]> By: dave mcclure http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235620 dave mcclure Wed, 30 Apr 2008 06:49:26 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235620 @harold: um, so what part of 200K users + 10K new users per week = "not fantastic results"? they've only been live for 9 months, and you're ripping them on a 6-figure userbase? seriously, what's your comparison benchmark? 1M twitter users in 1.5 years? i mean i know i'm an investor / fanboy, but i don't get why you think rolling out new features to address user demand is anything but basic common sense (or cents, if we're thinking money ;) get a clue, dude. @harold: um, so what part of 200K users + 10K new users per week = “not fantastic results”? they’ve only been live for 9 months, and you’re ripping them on a 6-figure userbase?

seriously, what’s your comparison benchmark? 1M twitter users in 1.5 years?

i mean i know i’m an investor / fanboy, but i don’t get why you think rolling out new features to address user demand is anything but basic common sense (or cents, if we’re thinking money ;)

get a clue, dude.

]]> By: harold http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235572 harold Wed, 30 Apr 2008 06:34:08 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235572 Is this an admission that the current mint model wasn't working? They've had a lot of time money and attention but not fantastic results. Is this an admission that the current mint model wasn’t working? They’ve had a lot of time money and attention but not fantastic results.

]]> By: Jesse http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235564 Jesse Wed, 30 Apr 2008 06:32:11 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235564 I've been on the tipping point of signing up for Mint all week, and this addition just might do it for me. Mint was in whatever Forbes issue we have in our bathroom... (http://www.forbes.com/2008/01/03/microsoft-google-intuit-tech-ebiz-cx_ag_0103mint.html - It's an interesting read) I’ve been on the tipping point of signing up for Mint all week, and this addition just might do it for me.

Mint was in whatever Forbes issue we have in our bathroom… (http://www.forbes.com/2008/01/03/microsoft-google-intuit-tech-ebiz-cx_ag_0103mint.html - It’s an interesting read)

]]> By: EH http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235540 EH Wed, 30 Apr 2008 06:23:37 +0000 http://www.techcrunch.com/2008/04/29/mint-moves-into-investment-tracking/#comment-2235540 Mint has another big problem WRT double listing charges in some kinds of accounts. This makes it impossible to categorize or budget without going through and uncategorizing duplicate entries (per support@mint). Thing is, you can't just set up a rule to (un)categorize them because they are dupes and rules will affect both instances, so you have to change them BY HAND. A dealbreaker for me. Mint has another big problem WRT double listing charges in some kinds of accounts. This makes it impossible to categorize or budget without going through and uncategorizing duplicate entries (per support@mint). Thing is, you can’t just set up a rule to (un)categorize them because they are dupes and rules will affect both instances, so you have to change them BY HAND. A dealbreaker for me.

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