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: 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!

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!

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

Thanks for letting me know. It is our first time creating something like this so the feedback and suggestions are super helpful.

Thanks for letting us know! We want you to enjoy using the platform and the feel/experience is critical.

Thanks for the feedback - we love TradingView for charts and technical but it can sometimes be overwhelming, especially for newer investors.

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.

The biggest difference is that eToro is copy trading based and Utradea is investment idea based. We let users make their onw investing decision, you don't have to copy another persons trades as you would with eToro.

Lol, maybe from a year ago before it was overrun by bots. There used to be some quality investment ideas on the sub

Good question, AlphaSwap is operates on a reward based system for investment ideas/content that factors in both community consensus voting and performance of the idea. We are more focused on the social engagement aspect of bringing investors together.

Agree with the point about stocktwits - not the best place for investment quality investment content or discussions. Let me know if you have any suggestions on things you'd like to see.

I'd say the biggest difference is the content. We are aiming to provide people with quality investment content (more detailed/informative write ups) whereas Iris seems to be more similar to StockTwits or twitter. Agreed, in the process of chatting to a few finance "influencers"

Thank you - updated the link

Thanks for the feedback. Yeah we are trying to balance relevant information vs information overload I've found that on a lot of finance related sites there is too much info on one page.

yeah, that's a good point and something we've had on our minds since day 1. Our overall principle would be to let the community self-moderate to an extent. I believe most of the content that is spam or pump/dump would be flagged and filtered out. Some of our users have posted with their actual names and other have random usernames. I would be interested in seeing if the community reacts differently to an identifiable user vs an anonymous user.

Thanks for providing a bit of history and principles for UX design. It's a valid point, we wanted to come up with something that was unique and intuitive with our icons but it makes sense that people have different perceptions or associated with icons. We will likely move to standard icons or make it clear with text what the button/menu item is.

If you're interested I'd like to connect and learn about your plans for a discussion site. I think there is significant demand for retail investors looking for a quality community to learn and invest with.

Yeah, I agree - Commonstock is a nice/minimalist platform and the ability to see and investor's portfolio is useful. The issue I see right now with commonstock is that they are heavily reliant on twitter for content - which can be mixed in term in terms of quality of investment information.

We do have broker integration on our dev roadmap because we see that as a key aspect of the overall investment process: decision, execution, tracking.

I appreciate the feedback - that is a valid point to consider and we will look at adjusting the font weight.

Thanks checking it out and the feedback. I would say eToro is more focused on copy trading as opposed to investment ideas/content and letting the user decide on what they are going to invest in. It is a bit similar to SeekingAlpha but we are focused on providing a better user experience and more focused on the community/social aspect. Regarding UX, would love to know if there is anything specific that you find overwhelming? This is important for me to understand and address.

SumZero is focused on Finance professionals. People who are working in the industry as their main job. WE are providing a platform for retail investors so we are targeting a different demographic.

Yeah that's a good point, we did want to make it easy for people to go back - might be a bit redundant. We are launching an app soon which will be better than mobile site browsing.

Good catch, I will update menu background and at some spacing for the leader section. Thanks!

Thanks for checking it out - we are using React. We made the design decision to go with Dark Mode off the bat. I see where you are coming from, we have had a few people mention that.

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. We didn’t like having to use multiple websites to connect all the pieces of information needed to make investment decisions. There are some sites out there that focus on providing investment information (Seeking Alpha), and other that focus more on the social interaction of investing (StockTwits).

Utradea is a social platform for investment ideas and insights. It is built around the concept that people enjoy sharing and discussing investment ideas. We built the usual social media functions (comments, chat, like a post, etc.) and included important investment data, charts, and a portfolio to help you track your investments.

Thanks for checking it out!