Comments on: TC50: PersonalRIA Matches Individual Investors With The Pros http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/ Startup and Technology News Thu, 26 Nov 2009 20:18:23 -0800 hourly 1 By: SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds | Q u a r a r a http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2568530 SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds | Q u a r a r a Tue, 16 Dec 2008 10:42:26 +0000 http://www.techcrunch.com/?p=22013#comment-2568530 [...] sites such as Cake Financial (which launched at TechCrunch 40), Covestor, and PersonalRIA (which launched at TechCrunch 50) all have the same plan. All of these sites want to disrupt the current mutual fund industry by [...] [...] sites such as Cake Financial (which launched at TechCrunch 40), Covestor, and PersonalRIA (which launched at TechCrunch 50) all have the same plan. All of these sites want to disrupt the current mutual fund industry by [...]

]]> By: Clubit Official Blog » Blog Archive » SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2568471 Clubit Official Blog » Blog Archive » SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds Tue, 16 Dec 2008 09:09:24 +0000 http://www.techcrunch.com/?p=22013#comment-2568471 [...] sites such as Cake Financial (which launched at TechCrunch 40), Covestor, and PersonalRIA (which launched at TechCrunch 50) all have the same plan. All of these sites want to disrupt the current mutual fund industry by [...] [...] sites such as Cake Financial (which launched at TechCrunch 40), Covestor, and PersonalRIA (which launched at TechCrunch 50) all have the same plan. All of these sites want to disrupt the current mutual fund industry by [...]

]]> By: SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2568310 SEC Gives Social Investing Site kaChing Green Light To Take On Mutual Funds Tue, 16 Dec 2008 05:01:30 +0000 http://www.techcrunch.com/?p=22013#comment-2568310 [...] sites such as Cake Financial (which launched at TechCrunch 40), Covestor, and PersonalRIA (which launched at TechCrunch 50) all have the same plan. All of these sites want to disrupt the current mutual fund industry by [...] [...] sites such as Cake Financial (which launched at TechCrunch 40), Covestor, and PersonalRIA (which launched at TechCrunch 50) all have the same plan. All of these sites want to disrupt the current mutual fund industry by [...]

]]> By: mike http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2468386 mike Sun, 14 Sep 2008 12:42:57 +0000 http://www.techcrunch.com/?p=22013#comment-2468386 I'm surprised to see so many MarketGuru fans on this blog. How many users do they have? Sean? Kohalza? any idea? I’m surprised to see so many MarketGuru fans on this blog.
How many users do they have?
Sean? Kohalza? any idea?

]]> By: Kohalza http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2465423 Kohalza Thu, 11 Sep 2008 08:40:06 +0000 http://www.techcrunch.com/?p=22013#comment-2465423 I agree with Sean about MarketGuru.com being a better platform for investors. First of all it's completely free. Second, you don't hand anyone control over your portfolio, you manage it yourself. Third, talent shines through. You can see the portfolios of all members on the site and find the talents who are right for you. No one can falsely claim to be an ace, their portfolio performance will do the talking for them. I agree with Sean about MarketGuru.com being a better platform for investors. First of all it’s completely free.
Second, you don’t hand anyone control over your portfolio, you manage it yourself.
Third, talent shines through. You can see the portfolios of all members on the site and find the talents who are right for you. No one can falsely claim to be an ace, their portfolio performance will do the talking for them.

]]> By: sean http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2464911 sean Wed, 10 Sep 2008 21:15:27 +0000 http://www.techcrunch.com/?p=22013#comment-2464911 They want to be like MarketGuru.com but their strategy is off.. by deciding who gets to be a leader, they are interfering with the natural selection of talent. This isn't web 2.0 - just another on-line brokerage service with a twist. On Market Guru anyone can become a Guru - that's true internet power.. They want to be like MarketGuru.com but their strategy is off.. by deciding who gets to be a leader, they are interfering with the natural selection of talent. This isn’t web 2.0 – just another on-line brokerage service with a twist.
On Market Guru anyone can become a Guru – that’s true internet power..

]]> By: boatsie http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2464244 boatsie Wed, 10 Sep 2008 06:44:26 +0000 http://www.techcrunch.com/?p=22013#comment-2464244 Am I totally missing something? Isnt the whole reason why small amounts like $10,000 arent professionally managed is because of the transaction costs as a percentage of assets? His example showed the purchase of at least 10-15 different stocks. Even at $8 a trade, thats 0.8%-1.2% of assets just in the initial purchase. Combine that with potentially hundreds of trades a year, there wont be anything left to 'follow'. Am I totally missing something? Isnt the whole reason why small amounts like $10,000 arent professionally managed is because of the transaction costs as a percentage of assets? His example showed the purchase of at least 10-15 different stocks. Even at $8 a trade, thats 0.8%-1.2% of assets just in the initial purchase. Combine that with potentially hundreds of trades a year, there wont be anything left to ‘follow’.

]]> By: Peter L http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2464145 Peter L Wed, 10 Sep 2008 04:26:21 +0000 http://www.techcrunch.com/?p=22013#comment-2464145 Rather than interesting, I think it's obvious there would be, "portfolios managed by individual investors doing as well if not better than portfolios managed by investment advisors [sic]" . These are the "individual investors" spending lots more time understanding what to do...aka "day traders". It is their job, but that job really sucks because it is boring and doesn't change anything in the world. I'd rather let someone else (someone spending full time) play the role of hedging my bets against entrepreneurship. All the companies focused on this will, perhaps, allow many unknown, non-large-investment firm- backed investors to gain a name and possibly earn some extra cash. This disrupts the large investment houses in the long term. {never thought about this market much] Rather than interesting, I think it’s obvious there would be, “portfolios managed by individual investors doing as well if not better than portfolios managed by investment advisors [sic]” .

These are the “individual investors” spending lots more time understanding what to do…aka “day traders”. It is their job, but that job really sucks because it is boring and doesn’t change anything in the world. I’d rather let someone else (someone spending full time) play the role of hedging my bets against entrepreneurship.

All the companies focused on this will, perhaps, allow many unknown, non-large-investment firm- backed investors to gain a name and possibly earn some extra cash.

This disrupts the large investment houses in the long term.

{never thought about this market much]

]]> By: Peter L http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2464118 Peter L Wed, 10 Sep 2008 04:15:21 +0000 http://www.techcrunch.com/?p=22013#comment-2464118 I think this is a great business, apparently Marty (above) doesn't get it. If one wants to manage their own money and know what they are doing, fine. Nobody in my family cares to do this, just to keep up with the reasoning behind anything done with our money. We all have some portion of our portfolios in which we make specific investment choices (once per quarter), but ~85% is completely managed. My broker is from Smith Barney, and my whole family let's our broker/manager handle everything. We pay about 8% (annual ave.) including brokerage fees with very low 10 figures under management. These guys need to keep chugging, they'll get the funding to acquire customers. A few different approaches to acquiring and retaining customers come to mind, and they all relate to partnerships/ bizdev. I think this is a great business, apparently Marty (above) doesn’t get it. If one wants to manage their own money and know what they are doing, fine. Nobody in my family cares to do this, just to keep up with the reasoning behind anything done with our money. We all have some portion of our portfolios in which we make specific investment choices (once per quarter), but ~85% is completely managed.

My broker is from Smith Barney, and my whole family let’s our broker/manager handle everything. We pay about 8% (annual ave.) including brokerage fees with very low 10 figures under management.

These guys need to keep chugging, they’ll get the funding to acquire customers.
A few different approaches to acquiring and retaining customers come to mind, and they all relate to partnerships/ bizdev.

]]> By: Evan http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2464028 Evan Wed, 10 Sep 2008 02:23:30 +0000 http://www.techcrunch.com/?p=22013#comment-2464028 This is very similar to xearn.com. At xearn.com you can view portfolios from investment advisors or individual investors. Interestingly, portfolios managed by individual investors are doing as well if not better than portfolios managed by investment advisors. This is very similar to xearn.com. At xearn.com you can view portfolios from investment advisors or individual investors. Interestingly, portfolios managed by individual investors are doing as well if not better than portfolios managed by investment advisors.

]]> By: Marty Spencer http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2463886 Marty Spencer Tue, 09 Sep 2008 23:30:32 +0000 http://www.techcrunch.com/?p=22013#comment-2463886 Not only I agree with Mark Cuban, but it sounds like these guys don't understand Investing 101. Asset allocation is based on an investor's risk tolerance, age, etc. Also 0.5% sounds small but it is a lot of money, especially on top of other fees to the advisor and the brokerage. Not only I agree with Mark Cuban, but it sounds like these guys don’t understand Investing 101. Asset allocation is based on an investor’s risk tolerance, age, etc.

Also 0.5% sounds small but it is a lot of money, especially on top of other fees to the advisor and the brokerage.

]]> By: TechCrunch Japanese アーカイブ » TC50: 個人投資家と本職アドバイザーを結ぶPersonalRIA http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2463806 TechCrunch Japanese アーカイブ » TC50: 個人投資家と本職アドバイザーを結ぶPersonalRIA Tue, 09 Sep 2008 22:09:51 +0000 http://www.techcrunch.com/?p=22013#comment-2463806 [...] ［原文へ］ [...] [...] ［原文へ］ [...]

]]> By: F. Yang http://www.techcrunch.com/2008/09/09/personalria-matches-amateur-investors-with-the-pros/comment-page-1/#comment-2463735 F. Yang Tue, 09 Sep 2008 21:01:15 +0000 http://www.techcrunch.com/?p=22013#comment-2463735 I agree with Mark Cuban. I believe educating oneself to become financial literate. Investment returns can be easily wiped out by taxes and management fees too. I agree with Mark Cuban. I believe educating oneself to become financial literate. Investment returns can be easily wiped out by taxes and management fees too.

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