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April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
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Innovative idea, but aside from the mutual fund stigma, how is this any different from covestor?
With Covestor, Covestor actually executes the trades (at least as I am aware) on your behalf and they also hold the securities in your portfolio. Plus they charge a subscription to mirror accounts. Youtualfund lets you follow any portfolio for free, and you can sign up to mirror the strategy through your own account (no idea about transaction fees, good point though). Covestor also claims that you can mimic institutional investor strategies, whereas Youtualfund makes no such claim.
So Im guessing if you create a fund with 40 securities, you would get charged on every transaction via your broker? (40 x fee)?
how do they mimic these instutional investor strategies at a precise level? (or at all?) ...how accurate would it be? aren't transactions made by PMs of private firms unavailable to the public?
@ lifesgreatmystery
13F-HR is a form that managers must file with the SEC up to 45 days after the quarter. It only shows long equity positions, there isn't a way to know shorts.
The whole creating your own ticker symbol is a nice touch. The UI is much better then Covestor, not 10,000 min to create an account. This seems to be a more of a fun take on the concept. The website said you make money if your portfolio does well, how does that work (other then the obvious profit)? Just made an account either way http://www.youtualfunds.com/fundANGAD
[quote=Studiofan]The whole creating your own ticker symbol is a nice touch. The UI is much better then Covestor, not 10,000 min to create an account. This seems to be a more of a fun take on the concept. The website said you make money if your portfolio does well, how does that work (other then the obvious profit)? Just made an account either way http://www.youtualfunds.com/fundANGAD[/quote]
No idea. I was hoping that they pay you an incentive fee (which would be sweet) but my guess is that you make money if your fund performs well because you are actually invested in your own fund.
As for the other question, you make a fake portfolio on youtual fund. They then create a ticker, which you can "buy" through your own brokerage (and it buys the weighting of stocks which you choose).
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