2
6 Comments

wealthX - Investing advice supercharged by algorithms

đź‘‹ 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!

on December 8, 2020
  1. 2

    It is awesome. Really engaging to check out ROI, sliders growth bars and the whole you're bringing everything just seamlessly brings us to pricing.

    When did you guys launch? I assume it's last month from what I saw on your blog.

    1. 1

      Hi Dinakar, thank you for feedback! We launched at the end of November. We will be glad to see you among our users!

      1. 2

        Happy to help. I would suggest adding a team section/about us to show us who's behind the project. It is not easy to invest that kind of money without knowing the team.

        1. 2

          This is a very important note, we are currently working on the "About Us" page. BTW, investment money is not deposited through our platform. You just form a portfolio in wealthX, and based on it you can buy stocks in Robinhood, for example.

          1. 2

            Oh. my bad didn't know that. Thought it'd go through the ai.

            1. 1

              You just enter amount to invest, and our AI algorithm will show which stocks are better to buy. You can also add stocks that you own now, and algorithm will show you which ones are better to sell. In any case, your feedback will help us change the flow of information in the right way.