Unannounced changes and lengthy sell requests
The draw to using this over other day trading apps was the alleged algorithm, and the free ticket draws. They got rid of the drawings, and my investments on this app were considerably worse than other similar apps based on buying too late and selling too late. I would say maybe this is geared for a multi-year investment. I left mine untouched for about 13 months and lost 57% of my investment. The market average was up 7%. When I tried to manually sell and take control, it took 2 weeks to make the trade, at which point it was nearly worthless. They also invested heavily into a few companies that went bankrupt. I would steer clear of this.
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Its ok. Gains🫤 Losses🫤
They say regular installments is the way to increase your portfolio, well duh. I want it to increase due to the market, which it hasnt really done. Ive had money in their since March 22’. Here it is July 23’ and its down. That all its done is go up then down up then down. The invesmente are being sold higher and bought lower to make a difference… I mean at least savings account I’d have 4% or so that would not be disappearing…. Also the backtesting of their algo can be deceiving, you need to go off of where it is when you start. I understand long term investments but even then you would expect some consistent gain in the minimalistic amount.
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They listen, the app works
Every so often the app asks me for a survey which I always fill out, and every so often the app updates and it’s feels like the devs try their best to accommodate, over the period of time I’ve been using the app the devs have be making the app much more user friendly than it started.
The program itself uses your money to make money and depending on the level you choose decides the risk factor. Although personally I find all the option to be far to passive, I’m not afraid to lose I’ve given the program money to work with and more often then not I get minimal movement up or down, now this isn’t a jab at the app as it aims to outperform another competitor which it generally does quite well, I just like a little more risk.
The program itself uses your money to make money and depending on the level you choose decides the risk factor. Although personally I find all the option to be far to passive, I’m not afraid to lose I’ve given the program money to work with and more often then not I get minimal movement up or down, now this isn’t a jab at the app as it aims to outperform another competitor which it generally does quite well, I just like a little more risk.
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Still haven’t heard back
The app has a cool idea behind it so I decided to try it. I applied to open an account and it told me that I will be informed in a few days if my request was approved. It’s been over a month and I still haven’t heard anything. An financial app that asks for sensitive information shouldn’t allowed to offer such bad services. I regret putting any information down with them.
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Cool concept but lost money
I put $100 in the account about 6 months ago. I added all my personal data and all available digital data as directed and chose the flagship plan. The Ai simply does not appear to do what we all expect it to do, make us money. I have only consistently trended down in the last 6 months! I currently sit at $90. I know the flagship plan has the most risk and this is to be a long term investment… but I also don’t expect to be down 10% 6 months into it. And it’s not like it’s been way up and way down… it has been only trending down. Am I doing something wrong here? I would have been better off just keeping it in a low interest savings account.
Update: almost a year into it and I am now down to $40 (60% loss). Extremely underperforming when compared to Dow Jones (down 6% past yr) and S&P500 (down 16% last year).
Update: almost a year into it and I am now down to $40 (60% loss). Extremely underperforming when compared to Dow Jones (down 6% past yr) and S&P500 (down 16% last year).
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Response from developer
Futuresplash26, thanks for taking the time to write the review! You would indeed have been better off keeping it in a low interest savings account, but unfortunately it's impossible to predict the market. If you had invested in consumer stocks during the same period you were down 10% you would have lost a *lot* more money. Hopefully the market turns around soon!
