Submitted: Wednesday, 20 May 2015
Despite the current lack of trustability at WallStreet still more than 50% of US population owns stock shares. Investing your own money is a very difficult thing to do. To properly invest, you need to emotionally detach yourself from your money. This is more than many investors are capable of doing. Investors incapable of removing their “gut feelings” from the equation can hire an advisor or money manager. Selecting an investment advisor can be a daunting task, especially in today’s environment. With investment scandals surfacing all over the world, it is as important as ever to make sure the advisor you hire has only your best interests at heart. Crowdsourcing is raising in popularity even in the personal investment sector.We at OpenHedgeFund belive that the crowd can obtain better results than the most popular banks and prefessionists at Wall Street if only they are empowered with the right tools. OpenHedgeFund empowers you to create, test and run your own hedgefund. By using our tool it is possible to create a fund from scratch or from a template by selecting an investment goal, for example retirement, or by simply cloning existing great performing funds! Members can then backtest their portfolio strategies with over 10 years of historical data (stocks and ETFs) and analyse the results through various metrics. Once testing has been complete, the fund gets published and constantly updated with real-time market data, spreading signals and detailed reports to fund followers.