Finexy is your personalized robo analyst that helps you identify winning stocks and develop personalized portfolios without having to get a PhD in Finance. We process thousands of data points daily so you get accurate insights and can put your money to work.
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Hey @vikram_raghavan, really like the UX/UI and the tools you built. It definitely feels like a a good Robinhood companion. While searching I cannot find stock? is that closed to the Beta users. Would love to test.
Great build!
@lucacosivi Hi Luca - Thank you for giving the product a try and for the kind words. Currently, we support stocks primarily in the US market as well as a majority of ADRs that are cross-listed in the US . As you can imagine, standardizing financial statements outside the US requires some standardization of the algorithms and this is in the roadmap. I'll be sure to send you a note when we expand outside the US market. Until then, happy investing and may compounding interest be with you.
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@vikram_raghavan great to hear, i'll be on the lookout, i'll test it out for now with US stocks.
@dinalk Hi Dinal! Thank you so much. I hate to give you a canned response but if I could predict something with a 100% certainty, I would not be publishing those recommendations for free ;). I do, however, believe in the framework that has been laid out vs. relying on Wall Street bets or other stock pickers like Motley Fool because the methodology, the underlying data, and the process are all transparent.
If I were you, I'd setup a watchlist, and see how the recommendations perform over time. It's also important to benchmark performance against the sp500. Hope this helps and good luck mate!
Happy investing
Vik
@vikram_raghavan thank for the elaborate response! Will check finexy
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Just started using it. Would be great if I could import my portfolio from other platforms to backtest it. And if it could provide alternatives based on historical performance. eg: if i have MSFT, as one of stocks, it can show some other FAANG in there as a back-test comparison as well. Also, you guys hiring? :p
@uday_chadha these are great ideas Uday! Thoughtful portfolio automation and tracking makes a lot of sense. Would love to talk to you about your skill sets. You obviously have great ideas ;)! Mind shooting me an email at support@finexy.com?
Hello Product Hunt 👋,
Today @nitin_shingate and I ( @vikram_raghavan ) are thrilled to announce the public launch of Finexy, a product (meaning - we wish someone would have paid us to build this but no one did 🙂) that has taken us just over a year and a half to develop.
When we first conceived Finexy, our initial observation was simple:
Robinhood needs a companion app. While Robinhood has made it super simple for people to trade stocks, the market has significantly under-indexed in providing tools necessary to enable investors to go from sentiment traders (think: trending social media stock) to long-term value investors. A necessary transition because long-term investing generally yields better returns than sentiment trading over the long haul.
Knowing that, our product thesis was:
Could we provide investors with a set of tools that allow them to research and invest like a pro without burning through hours learning about financial theory and building a research framework. While we still have a long way to go, we believe our product has made significant strides in the right direction.
🚩 Over the last six months, our closed group of beta customers have consistently beaten the market by over 20% by following two simple steps:
1. Using screeners and stock research to shortlist high quality stocks
2. Using the portfolio builder to determine the right mix of stocks to buy to maximize returns while minimizing risk
While no platform or person can guarantee results, what we can tell you is that most successful investors like Peter Lynch, Warren Buffett, and Ben Graham have outperformed the market by sticking to a research framework and focusing on long-term investing. I hope our products will allow you to do precisely that.
Finexy is free for anyone to use. Please share your feedback, questions, and comments! I hope the product helps you put your money to work in a meaningful way.
Happy investing!
Nitin and Vik
Looks really nice - well done! I put a few companies in that I own shares in and got a variety of results, some I agree with, others I didn’t, but that’s to be expected as we don’t all have the same view on shares 😀
Interestingly AirBNB resulted in a blank page after search. All others were fine though.
@vikram_raghavan You're welcome, hopefully AirBNB was just my phone being weird. This looks great, well don again
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Value investing is a slow process, often compared to watching paint dry. In order to avoid the temptation of people being too active in trading to their own detriment, I wonder if the app could capture hypothetical sentiment-driven trades of a user and show how these would have under-/over-performed index investing over time. This would also identify investors with consistently good instincts who could be followed by other users leading to a social aspect.
@ahmaurya Hi Abhinav - Hypothetical trade modeling as well as scoring investors on their intuition are both fantastic ideas. I'll be sure to put them on the roadmap. I particularly like the idea of social signals because there is a ton of research that supports the notion that while no individual is usually right all the time, the crowd is generally always right.
Interesting introduction to wisdom of the crowds here:
https://en.wikipedia.org/wiki/Wi...
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EDIT: Ooops. Missed the drop in EBIT, which is probably what Finexy is actually going off of rather than EPS/gross revenue. Nothing to see here. Looks great!
@david_thatguy Great catch! Stock splits are definitely an issue from every data source including the sp500. We are working on a ‘weighted average shares outstanding’ driven solution in the next release.
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