Readit Newsstuartjm5 commented on My co-founder and I created a social platform for investment ideas **update utradea.com/... · Posted by u/stuartjm5
Hi Everyone - I posted about our startup, Utradea, few months back and wanted to share our progress and updates since then (original post - https://news.ycombinator.com/item?id=26893096)
Also - thank you to all the people who provided comments and feedback on our first post - we have made several changes and added some of the larger updates to our dev roadmap
Background:
We have seen a significant increase in the number of retail investors. Thanks to growth in investment/trading apps, ability to participate in the market has never been easier. People know they need to invest, but don't know what to invest in. Utradea is a dedicated platform for investment ideas and insights. Our goal is to empower retail investors with the tools and information needed to make better investment decisions.
My co-founder and I came up with the idea for Utradea about a year ago when we realized that we loved discussing our investment/stock ideas and process. This expanded within our friend group, at least to people who were interested in the stock market. We thought it would be great to have a platform where we could have social interactions and combine it with core investment information/data. So, we created Utradea.
A lot has happened in the last 2 months.
New Features and Updates:
- Launched iOS and Android Apps (built in-house) - 70% of our visitors are on mobile so it only made sense to have mobile apps --- Android: https://play.google.com/store/apps/details?id=com.utradea.ut... --- iOS: https://apps.apple.com/ca/app/utradea/id1558492959
- Reddit Sentiment Analysis (to be expanded to other social media platforms) - We built a dashboard to track trending stocks on Reddit to help identify potential investment opportunities
- SEC Filing Analysis with NLP - SEC Filings have a ton of great information but are a pain to read - we pull out key phrases and insights so you don't have to read through the whole document. Again, useful for finding investment opportunities.
What's on our dev roadmap?
- Portfolio Rebalancer - Automatically reviews the weighting in your investment portfolio to determine if you should keep the mix or rebalance to maximize returns.
- Automated DCF - A pre-filed discounted cash flow calculator with a few easily adjustable inputs to quickly find the intrinsic value of a stock.
- Automated Due Diligence - Pulls key metrics and information about a stock and presents it in a easy to read format with key information needed for an investment decision.
We would love to hear your thoughts and feedback. Thanks for checking it out!
Are you thinking of eventually merging social + trade execution like https://public.com/ ?
Yes, right now we are leaning towards broker integration so users could stay with their existing brokerages. We want to make it easy for users to find an investment idea, validate it, then place a trade without leaving Utradea
Love the idea, and great effort put in! My initial impression is the same, overwhelming UX. There's a lot of information and there with very little visual hierarchy, it's hard to decide where to look first.
I find https://refactoringui.com/ has some digest-able design stuff for us developers. I'm not affiliated with them, but I've been the same boat with product design.
For me the key was understanding what roles spacing, color, and font-weight play in building a hierarchy.
Edit: spelling.
Thanks for letting me know. It is our first time creating something like this so the feedback and suggestions are super helpful.
Wow, what a beautiful platform with great UX. I'm a fan!
Thanks for letting us know! We want you to enjoy using the platform and the feel/experience is critical.
It's a neat idea. Less TA and more fundamentals than TradingView.
Thanks for the feedback - we love TradingView for charts and technical but it can sometimes be overwhelming, especially for newer investors.
What really needs to exist as ideas don't matter and execution does.
Let me sign in, hook my brokerage, then just track me versus the rest.
If you like what I am doing, let you follow me for a percentage of profits I want, and the system auto executes the trades I am making in your for you.
That is definitely one way to approach it. eToro (copy trading) already exists and commonstock is similar - you can see someone portfolio and % holdings but not their $ amount. We are focused on investment ideas, social engagement, and building a community.
I posted about our startup, Utradea, few months back and wanted to share our progress and updates since then (original post - https://news.ycombinator.com/item?id=26893096)
Also - thank you to all the people who provided comments and feedback on our first post - we have made several changes and added some of the larger updates to our dev roadmap
Background: Utradea is a dedicated platform for investment ideas and insights. Our goal is to empower retail investors with the tools and information needed to make better investment decisions. A lot has happened in the last 3 months.
New Features and Updates:
• Released Android App https://play.google.com/store/apps/details?id=com.utradea.ut...
• Released iOS App: https://apps.apple.com/ca/app/utradea/id1558492959
• Public and Private Chat rooms
• Reddit Sentiment Analysis Dashboard (to be expanded to other social media platforms)
• SEC Filing Analysis Using NLP
• Portfolio Rebalancer
What's on our dev roadmap?
• Light mode – So people have the option to switch between the two
• Automated DCF - Pre-populated and few adjustable inputs to quickly find the intrinsic value of a stock
• Automated Due Diligence - Automatically displayed investment metrics and insights for a stock
We would love to hear your thoughts and feedback. Thanks for checking it out!