These days, there’s no shortage of places to find investment tips and tricks. Just flip on the television or search Google and you’ll quickly find someone making predictions about hot stocks that are sure to “beat the market.”
The problem is, most talking heads aren’t incentivized to get it right. If it were about getting it right, they’d track how their exemplary performance, so their audience could know whether they were offering sound financial advice.
But that doesn’t happen. Instead, it’s all about attracting viewers and selling clicks.
You have to wonder if these analysts are even following their own investment advice! Is a little accountability too much to ask for? Wouldn’t it be nice if there were a way to see what other people are really investing in and how their portfolios are performing?
Now KINFO gives you that information.
KINFO is a social investing platform that gives you the tools to refine and improve your investing strategy by exploring other members’ portfolios. KINFO allows you to see how your portfolio’s performance compares with that of your peers, the KINFO community, and even major hedge funds.
Continue reading to find out if we think KINFO is worth adding to your arsenal of investment tools and resources.
What is KINFO?
KINFO is a social investing network that gives users the ability to quickly compare their investments to those of others within the KINFO community. KINFO gives users the opportunity to follow individuals with successful investing track records and observe their actual investments to learn how to build a successful portfolio of their own.
The premise is that KINFO users can make wiser investment decisions and invest with more confidence when they’re able to view what other successful investors are doing.
Keep in mind that even though you can link your brokerage accounts, KINFO itself is not a broker. The platform merely allows users to analyze trading activity; you can’t buy or sell stocks through your KINFO account.
How KINFO Works
KINFO’s best feature is the massive amount of data that it puts at your fingertips. Here’s a brief rundown of information that’s readily available to users:
You can get up-to-date quotes for stocks, ETFs, and mutual funds. KINFO makes it easy to get info about the stock’s dividends, P/E and earnings or compare that stock’s performance against the S&P 500.
KINFO tracks data from over 2,000 hedge funds and charts the portfolio’s anticipated performance based on each hedge funds’ filings with the SEC. In addition, it’s easy to sort hedge funds based on performance so you can find which funds have produced the highest return over the years.
The “Insiders” tab displays any transactions executed by corporate insiders. Some believe that high levels of insider ownership suggest that those who know the company best expect it will perform well. On the other hand, high insider sell-offs would indicate poor performance is ahead.
KINFO compiles information about the latest analyst rating on a wide range of stocks. Just another piece of data you can incorporate into your investment strategy.
In addition to being a tremendous source of investing data, KINFO also functions like a social network in many ways. Users can personalize their profile with a photo, location information and a profile summary. Users can also follow other KINFO members, including their friends and analysts to comment on and “like” their investment activity.
Honestly, I don’t find this aspect of the platform very compelling. It feels a bit out of place and doesn’t bring much value to the table. I also doubt there’s much demand for a medium to sound off about investing strategies and portfolio performance. To me, this feature is mostly just useless noise on what can already be a noisy, data-heavy platform. My recommendation: don’t get caught up trying to make sense of the social networking features.
How Much Does KINFO Cost?
KINFO is completely free!
Getting Started with KINFO
To get started, you’ll first need to create an account. You can sign up for KINFO online or by downloading their app on either an iOS or Android device.
To get the most out of KINFO, you’ll want to connect one or more of your brokerage accounts. Linking your brokerage account is easy. Simply select “Settings” from the main menu and then add your account. Currently, KINFO only supports the following brokerage firms:
- Interactive Brokers
- TD Ameritrade
By linking your account, you allow KINFO to obtain information about the portfolio allocation and performance of your brokerage account. KINFO will not share the total dollar amount in your portfolio or the dollar amounts of specific investments.
Is KINFO Secure?
KINFO partners with TradeIt, a financial data aggregator, to securely link users’ brokerage and investment accounts. Both KINFO and TradeIt use bank-level 256-bit encryption to safeguard user information. KINFO doesn’t store your brokerage credentials, so they’ll never make changes to your brokerage account or execute trades on your behalf.
What About Privacy?
Like any other form of social media, the amount of information you share is up to you. It’s worth noting that your portfolio’s performance is made public by default, but you can adjust that in your account settings.
No Cost to Sign Up. With a $0 price tag, you have nothing to lose by giving KINFO a try.
- See What the Professionals are Doing. KINFO allows you to peek at the portfolios of professional investors to see what their positions and performance.
- Alerts. When the investors you follow make trades, KINFO will send you a notification so you can stay up to date.
No Research Tools. KINFO gives you tons of data points, but doesn’t offer much guidance when it comes using it wisely.
- Not a Brokerage Account. If you’re looking for a brokerage app, you’ll need to look elsewhere.
- Limited Brokerage Accounts Supported. There are a limited number of brokerages that you can link with KINFO.
Is KINFO Right for You?
There is no doubt that KINFO grants users access to tons of data. With access to information about individual stocks, hedge funds, analysts, and other members KINFO users certainly have lots of data to digest. For me, the question is whether there’s just too much information and not enough guidance.
If you tend to suffer from information overload, KINFO might not be for you. On the other hand, if you have an affinity for endless streams of investing data, then you’ve just hit the jackpot with KINFO.