We bring investing to the sharing economy. Create a goal, invite friends and invest together towards that goal without sharing money. Investment minimum is $1.
Hey guys we are excited to share this product with you!
---HOW DOES IT WORK?---
- Create a #Venture and invite your friends
- Invest together towards the #GroupGoal without sharing money
- each #Venture member gets his own advice to reach the goal
- investments are done automatically in portfolios based on your risk level
- #GroupGoals can be very specific with a specific target amount and a target date such as #ColoradoTrip2018 or very broad interest leaning like #ModernTechnology or #FutureHome.
---LITTLE MORE ABOUT RICHIE---
Richie is a robo-advisor build for millennials by millennials, our algorithm considers your 'millennial' type of expenses such as rent, transit and even ‘self-development’. We combine budgeting and investing to help you save and invest successfully.
---WHAT DO YOU INVEST IN?---
Richie offers fractional shares which means you are able to invest the way you want, no matter the share price. You are able to invest in exchange-traded funds that match your risk level with as little as $1. Exchange traded funds are made of stocks and bonds that help you build a balanced portfolio.
---PRICING---
We charge $1 per month advisory fee for accounts under $500. Accounts above $501 cost 0.25% per year.
Important Disclosures: Richie is an SEC registered Investment Advisor. Brokerage Services provided by Third Party Trade LLC and APEX Clearing. The content of this app is not an offer, solicitation of an offer or advice to buy or sell securities in jurisdictions where Richie is not registered. Investments in securities involve risk, and there is always the potential of losing money when you invest in securities. Investments are not FDIC Insured or hold bank guarantees. To get more information please contact us at support@richieinvest.com.
Hey Aizuura, investments are made into so called ETFs which consist of stocks and bonds. We simplified financial jargon and made it understandable to everyone.
The design is clean and clear with user friendly interface. Great idea for investment and a combination of finance and social. I think it's great for people who do not know much about finance.
website is clean and very clear. Doesn't take to long to sign up too so starting a venture is pretty quick and easy. My friends were all planning to go to India next year so using Richie would be a good platform to use since we can set it together as a goal. However its not a app yet so it will be hard to get them to use the product. I think they would find it taxing to use the computer to sign up rather then just use a app on their phone. Even if they sign up on their phone's browser, that still adds an extra step.
Hi Eduardo, we are glad to hear that you liked our website and the signup process. Your trip to India with your friends sounds exciting and Richie is just exactly the platform that can help you and your friends reach your vacation goal. Meanwhile, our IOS app is coming out soon. We'll update you once its live. It should take about a week or so. Cheers!
Replies
Investor Hunt 2.0
It is a web application? Huh?
Pros:Ready to start a venture
Cons:I don't think my friends know finance that well
I think this is a great concept... I don't know if they can grow tho
Pros:Amazing Idea
Cons:What do we invest in tho?
Angel Match
There are other group investing apps
Pros:Im skeptical about investing with friends
Cons:Let's see if it works
website is clean and very clear. Doesn't take to long to sign up too so starting a venture is pretty quick and easy. My friends were all planning to go to India next year so using Richie would be a good platform to use since we can set it together as a goal. However its not a app yet so it will be hard to get them to use the product. I think they would find it taxing to use the computer to sign up rather then just use a app on their phone. Even if they sign up on their phone's browser, that still adds an extra step.
Pros:Investing towards group goals with my friends
Cons:no iOS or Android app.
Angel Match
Great product! Great to see the work you guys have done!
Pros:Really helpful, great option when saving up for trips with friends!
Cons:Not anything at the moment
Product Hunt