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.
- 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!
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!