Covestor now has $100 million worth of brokerage accounts...

....Zach and I are a small fraction of it.

TechCrunch highlights that Covestor users have a combined amount of $100 million in brokerage accounts.
We have previously highlighted Covestor (link to tagged posts) and just figured I would mention it since it seems to be a growing phenomenon.

As opposed to being a fantasy stock site that doesn't use real money, this site shows if you really can't spell stock or market...


And yes, the A/C unit on top of the car has nothing to do with the post...

Re: Get Rich With Big Ern

For a better way to track Zach's investment progress, I suggest he sign up for one of two (or both) sites that allows people to track investments online:
Cake
Covestor

Please refer to my previous post for more info.

I signed up for both, but Covestor was the only one I could (manually, they did it) import my portfolio into. I have 5 invites to Covestor if anyone wants one, otherwise, I submitted my e-mail and received an invite the next day.
If you'd like to track my investments on Covestor (you have to sign up and have your portfolio imported first): tarfelroy

Another cool thing about Covestor, if Zach used it, is the option to add Blog Widgets. So, Zach can add widgets that highlight the stocks he just bought. Or, to prove to us he is a credible investor, he could have added a widget with his investment record.
Two examples of widgets (stocks I actually own):



Obviously, one I am doing well on and the other I am not. I am long on both of these stocks and with my current strategy, will sell them in about 3 months (gain or loss).

I'm not blogging about investment advice in this post, just adding my suggestions about how to effectively communicate investments and track investment history. Good luck, happy investing.

DISCLAIMER: If Covestor turns evil, steals all your info and your money, don't blame me.

The Secrets of Other People's Success....

Or the not so secret secrets?
I'm not even sure if that makes sense....

Along the lines of Zach's hotly debated post about investing, in Fred Wilson's A VC blog, there was a post discussing online social/web financial services. The post mentioned Mint (which Zach and I both signed up for and have started playing around with), Wesabe, Geezeo, and Buxfer.
He also highlights two social/web financial services sites that track your online brokerage accounts, Cake and Covestor. Then, you can share your trades with others as well as see what other people are doing in the market. I'm assuming there are people who share their trades to the public and others who require you to be in their network to see their activity. Just a guess.

Either way, it is an interesting idea. Here is the link to the original post: A VC

I think I might sign up for one or both and check it out....

UPDATE: Covestor requires you to apply (which I did) and Cake doesn't support my brokerage yet (optionsXpress). So, I guess I'm on hold for these accounts...