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by lukewrites 3308 days ago
Yeah, I think "a community for index fund investors" already exists, and it's the boglehead forums and wiki.

Index fund investing is (relatively) simple and (relatively) boring. Honest questions: What does an app with leader boards, individual portfolios, and stock picking add to that or how does this app fit in with that philosophy?

(edit for grammar)

3 comments

The only thing it seems to add is the opportunity for people to sell you high-margin investment products -- which is exactly what index fund investors are trying to avoid. Any investment product with a marketing budget is taking fees to pay for that, which means they will be unattractive to index investors.
My thought when going around the investment communities is that the challenge is not really the quantity of information/advice, but the quality. Anyone can give stock picks. To me, I'd like to understand more about the person's track records (historical returns) before following his advice.

I started working with my colleague to build Keel to facilitate the verified information flow. People who are selling their stock/fund ideas on Keel will have to integrate directly with their personal brokerages. This way, users who are looking to follow credible ideas can see not only the historical returns, but also the real buy/sell activities.

Working around brokerages is challenging but I believe transparency is an important missing piece in all of the online/offline sources of investment advice. Hope this will help those who offer credible ideas shine, and save time and money for those who look for advice. And (here comes to the self-promote part), if you think this is interesting, check it out: https://keel.io

Of course, if you don't think it's interesting, still let us know how we can make it more interesting to you!

"Yeah, I think "a community for index fund investors" already exists, and it's the boglehead forums and wiki."

A community for index fund investors sounds oxy-moronish to me ...

What's to talk about ?

How to schedule saving for retirement, annual fees, ETFs vs index Funds, index allocations, optimal portfolios based on personal temperament, and when to (very seldomly) change allocations (if ever)?