Wave a magic wand and help any regular investor turn into stock guru. Bippity-boppity–guru! Well, I’m not at all suggesting the new app iBillionaire makes such extravagant promises, but for regular Joe or Josie investors who are obsessed with stalking stock superstars, this new app is the answer to their prayers.
The app provides a constant stream of information about the activities of stock greats such as Warren Buffett, George Soros and Bill Ackman. This information is taken from SEC filings (caution: many of these filings are made a good deal of time after stocks are bought by the gurus).
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Of course, there is a plethora of stock sites, but the app puts everything in one place. It even has an exchange traded fund-style index that has 30 most popular holdings of top fund managers. Investors can commit as little as $25.
CEO and founder of iBillionaire told International Business News, “We believe in the democratization of these ideas that have historically only been available to rich people. We have the diversification and the liquidity, but not the high fees or high investment premiums.”
