VesTopia, Watching Successful Investors Real Time
Have you ever wanted to watch, discuss, and share ideas with proven successful investors? If so, you need to head on over to VesTopia, the newest community of real investors, with real money, real time.
From the about page, you’ll find the main scoop of what VesTopia is about:
“We provide a state-of-the-art platform allowing individuals the opportunity to look over the shoulders of proven investors (Investment Directors), watching what they’re doing in real-time. You don’t need to be wealthy or market savvy to benefit from our services. You simply choose which Investment Director to follow, based on your own objectives and style. Then, after seeing what actions our directors are taking with their portfolios, you have the option of this information to serve your own portfolio.”
Investment Directors
As of this post there are 18 different investment directors. They aren’t names you will know off the top of your head, but once you get used to the site these guys will become regulars in your mind. More than half of them are CFAs and the top guru right now is a guy named Thomas Tan, who’s performance has him up 11.4%.
I have had the unique opportunity to watch all of the site’s investment directors over the last week and must say I am pretty impressed. Every director has their own personal profile where you can get a in depth look at their performance, bio, and most recent trades once you “connect” with them.
Market Insight with Articles and Videos
What VesTopia has done is taken the approach of making it a very personable experience with the investment directors. Right from the homepage you will find recent postings and even featured videos of insight.
There is one main blog feed where all the authors post, and you can subscribe to it via RSS to get the postings delivered to your favorite reader as they go live. Right now it seems the blog is fairly active, averaging what seems to be say two or three posts per week day. One cool feature is when you read an entry key words are highlighted and when you hover them you will get a definition of the word. Not sure if there is a way to turn this off, but the option would be good for advanced users who knows their lingo.
Site Demo
This is the best way to get a walk through idea of what VesTopia is all about. The video runs around ten minutes but does a great job of explaining all the site features.
You can view the demo video by clicking the image to the left or simply going here.
Money Buys Full Access
Think this is for free? Guess again. You can get basic access to some of the site features on a free account, but you will have to upgrade to obtain full access to it all.
This means seeing the Director’s live portfolio holdings of full positions, and getting a summary of their trades as they make them. There are multiple account types you can subscribe to, so if you only want partial access then you can go that route as well.
My Opinion
I think VesTopia has good potential, and it really all comes down to the skill level of the Investment Directors themselves. When you look at all 18 investment directors, it was easy to pick up and see that well under half have a negative performance rating. If I am paying $xx a month for full access I want to be watching some very impressive investors do their thing, not some joe schmo like me.
I am personally a fan of competitor Covestor.com, who is also a sponsor of Stock Trading To Go. Comparing the two both have their pros and cons, and I think one of Covestors focuses is on community and skill whereas VesTopia focuses purely on skill.
The Bottom Line
VesTopia is a site where you can watch real investors with real money, in real time. The site is based on bringing great traders to the table for you to monitor and track. Access can be free, but to get full exposure you will need to pay. Check out the site demo for a good run down of how things work.
The bottom line for VesTopia is simple, if they can get quality investors (investment Directors), then they will have subscribers to their content. Everything falls on the skill level of the traders themselves. Now if you’ll excuse me, I need to go check out what stocks Thomas Tan traded today…
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