Sri+Q: Hi Shane and Aikido team, Welcome to AppSumo.
I am based in Australia and for crypto, use Coinspot. My question is, can Aussies like myself benefit from Aikido?
Not that I expect you to be familiar with every platform out there, is Aikido meant to be better than apps like Raiz and Spaceship?
As you can tell, I am a total noob when it comes to investments.
Thanks!
Sri
Daniel_Aikido
May 14, 2024A: Hey man,
Though I'm not super familiar with these platforms, from a glance they seem to utilise EFTs (exchange traded funds) to structure their investments.
The difference with Aikido is we take a more quantitive approach utilising factor fundamentals to create and test our strategies. If you'd like, you can read a little about them here!(https://learn.aikido.finance/glossary/)
Just adding a little more here.
You can absolutely use Aikido in Australia. Right now we only have US stocks, but will be adding global strategies later in the year.
As Dan said, the platforms you mentioned focus on ETFS (Baskets of stocks), You can think of Aikido strategies/portfolios like mini, concentrated-ETFs. Our aim needless to say is for market outperformance.
Hope that helps
Thanks Shane. Would be great when you add support for Australia, though I totally understand that even the apps I mentioned do include US stocks.
Those options are sort of like set it and forget it. Is Aikido similar OR do I need to regularly login to take action, whatever it may be. Not that its a bad thing, but as I said, I am a noob, so not sure how smart I am when it comes to investing in the market :)
Thanks Daniel!
"Is Aikido similar OR do I need to regularly login to take action"
So to answer this, each strategy has it's own "rebalance period" (month, or 6 month etc) which is optimised for the strategy.
You would need to log in and click a button to confirm the trades we are suggesting. We send email reminders about this (we also recommend setting up a recurring calendar event) and we make the process super simple and are continually working on some cool ways to make this process even more streamlined.
At this time, we are restricted from 100% executing trades for you in the background without any involvement from you. Plus, this way you get to keep a finger on the pulse of what the algo is doing and how your portfolio is performing!
Hopefully this helped :) If you’ve any more questions or suggestions please feel free to reach out! (We even have a discord you can join -> discord.gg/pfrKN3KRUe ) and if you like what you see from Aikido, then an honest review on our Appsumo page massively helps us out as we are a small startup trying to do big things! :) appsumo.com/products/aikido-finance/