wealthX.ai

Investing advice supercharged by algorithms

2 followers

wealthX.ai is app that simplifies investing. Designed to crank public company financial reports and picking the companies that have the best metrics and are undervalued at the moment. Did we mention its super easy to follow our recommendations?
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Launch Team
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What do you think? …

Marat Muslimov
👋 Hi Folks, I am Marat, co-founder of wealthX.ai. I'm super thrilled to share with you the investing app Denys and I were building for past couple years. Just like many folks in US and around the world, we are on our path to achieve financial freedom, by constantly saving and investing what we can. We read a number of books on investing including a famous "The Intelligent Investor" and also doing research how value investing gurus, like Warren Buffett do the companies valuation and picking. What we found, to be a passive investor is a pretty easy task. Invest in stock index fund or ETF like SPY or VOO and you should be good :). But if you like to get a bit better results… this is where it does take a lot of your time and knowledge. Doing analysis just for couple companies takes significant amount of time and involves looking at financial reports and making the calculations just to understand whether the company has healthy business numbers, not to mentioned if its stock is overvalued compared to the market price. And we are talking hundreds if not thousands of potentially good companies out there that are traded publicly. Being software engineers, we knew we could scratch that itch and build software that will be doing all the calculations for us daily and present results in an easy to follow recommendation list of what to buy, what to sell and what to hold. That's how wealthX.ai was born. 🤝 Join us on our path of achieving financial freedom faster! 👉 Check out wealthx.ai and let us know if you have any questions!
Dmitry Stadnik
@imfavourite Hi Marat, can you please elaborate on a "bit better results"? Any concrete numbers of ROI and risk involved, in comparison to a passive investor way you've mentioned?
Denys Sinyakov
@stadnik Hi Dmitry, its 12% for average market return vs 23% wealthX average return. wealthX model returns volatility (returns standard deviation) is 1.06%. SPY ETF returns volatility (returns standard deviation) is 0.84%. It's also well explained on our website https://wealthx.ai/ and all important info to better understand risks is on Disclosure page - https://wealthx.ai/legal/disclosure, Performance Disclosures section.
Jash Sayani
The quotes don't seem real-time. Who is the stock quote provider? I wonder if the data comes from S&P Global.
Denys Sinyakov
@jashsayani Hi Jash, thank you for trying app. Yes quotes are delayed and cashed. The quotes provider is IEX. The app is aimed for long term investors, who use wealthX for recommendations. For realtime quotes and actual trades one would use his/her broker account