When you hear “investment” you either run away in fear, or your eyes sparkle a little. If you are one of the members of the first group, stick around and maybe you’ll just shed your fear and get interested. However, members of the second group are getting a real treat today. Wanna go from average Joe to a billionaire? Stay here and find out how you can learn from the best- iBillionaire.Me.
One Billion Dollars!
iBillionaire is a multi-platform application (available for iOS and Android) that helps regular investors make smarter decisions by providing them with ideas and investment portfolios from those who have consistently outperformed the market: financial billionaires like Warren Buffett, George Soros or Carl Icahn. Even if you don’t have a million dollars to invest, that does not mean that you can’t have an access to the strategies of those who do. They hope that with these insights, regular investors will beat the market like billionaires.
However, this begs question of how this information is gathered. Isn’t that kind of information private? Well, if you are making investments larger than $100 million, it is not. You are required to make quarterly SEC filings that are accessible to anyone. What iBillionaire app is doing is simply putting this information in order and making it accessible in a unique way. However, you should bear in mind that all the data that you receive is more than a month out of date.
As you can see, this is not a cheat app that will let you to become an instant billionaire. In the long run it doesn’t matter if you buy or sell the same day or the same week like the people you track. You can benefit by learning what are they doing and how do they do it and it is better to learn by tracking 10 billionaires then just one. And that is exactly what you can do.
Besides tracking what are the best of the best doing, you can create your own portfolio where you can blend ideas from your own pick of billionaires. For example, you can mix 50% Buffet, 25% Soros and 25% Icahn and test this portfolio strategy against their current one. However, there is 1 strategy limit, 3 stocks real time smart alerts limit as well as 5 recently bought and sold popular stocks limit. However, if you want to remove those restrictions, you can pay $5 a month or $20 a year with some additional bolt-ons.
iBillionaire isn’t a serious investing tool, but it is a great educational and informational one. It can be useful to beginners and advanced users, and its features can be a excellent preparation for the real thing. Billionaires “secrets” never seemed so approachable!