Frequently Answered Questions

General

What is your pricing like?

Nvestly is free for all users. We're currently in private beta and will release invites as often as we can.

Where does the name come from?

We believe investment performance can be improved by discussing ideas with a number of people. These investment discussions should reference real numbers as much as possible. We decided to take the "I" out of investing and focus more on the "N". Nvestly aims to foster the discussion of investment ideas based on real investment numbers.

Is Nvestly a paper trading site?

No. All portfolio information available on Nvestly is based on verified data from real brokerage accounts. Nvestly may offer a paper trading service in the future.

Security and Privacy

Why do you need my brokerage login information?

Your investment institution credentials are needed to establish a secure connection between Nvestly and your brokerage. This allows Nvestly to securely import your transaction information and instantly generate your track record using proprietary investment analytics. Nvestly also detects each new trade that you make and allows you to share it with your followers without revealing how much capital is at stake.

How do I know my information is secure?

Your sensitive information including brokerage account login credentials are always kept encrypted using 256-bit level complexity. This is the same level of encryption complexity required of most banks. No one can see your encrypted information, not even Nvestly team members. Nvestly relies on technology built by Intuit to securely connect to each brokerage.

Can anyone see how much money I have?

No. All information shown on Nvestly is based on percentages only.

What can my followers NOT see?

Your followers will never see how much money you have invested. They will also never see any trades that you don't share.

Can I use Nvestly to publicly showcase my returns?

Yes, just set your profile privacy setting to "public". This will allow anyone to view your profile and follow the activity you choose to disclose. You can then use the link nvestly.com/[your username] and share it with the world!

What's the difference between a public and a private profile?

If you have a private profile, only your followers can interact with your profile. You must accept each request from a new follower before that user can see your profile. Users who do not follow you can only see your username, profile picture, location, number of followers, and number of people you are following.

If you have a public profile, all registered Nvestly users can see your profile.

Which brokerages do you support?

We believe in quality over quantity, which means that we currently only support TD Ameritrade, Charles Schwab, Scottrade, E*TRADE and Fidelity. We are currently working on integrating with other financial institutions. Feel free to contact us if you have a specific request for brokerage support.

Using the Platform

What's the difference between the Dashboard and Profile?

The information shown on your dashboard is only visible to you. Your profile is visible to your followers, and to other Nvestly users if you have a public profile.

What does the line graph on my profile represent?

The line graph on your profile represents your investment returns across all your accounts. Nvestly automatically calculates and displays your investment returns on your profile on a percentage basis. No dollar amount information is ever shown to other users. Nvestly uses the geometrically-linked time-weighted returns methodology to calculate your returns.

How do you calculate the returns shown on my profile?

Nvestly uses geometrically-linked time-weighted returns to calculate the returns shown on your profile. We use this specific methodology because it's the easiest way to compare your returns to other users or market benchmarks, such as the S&P 500. This approach makes sure that your performance doesn't jump up or down if you infuse or withdraw cash.

Can I execute trades or move funds using Nvestly?

No. For security purposes, Nvestly is currently a read-only platform.

How do you verify trades?

Every time you make a trade, your brokerage lets Nvestly know. Nvestly's core processor verifies the trade's ticker, price and date and lets you know when it's ready to share. Due to varying reporting requirements across financial institutions, you may receive a trade notification as early as the day you make the trade to a few days after it has cleared, depending on your brokerage.

Why should I post my trades?

Most investors feel comfortable posting their trades because no dollar amounts are ever shown. This means that nobody will ever see how many shares you bought or sold. We noticed that some investors love sharing the excitement of a great trade with their friends. Others post trades to verify and prove their investment track records. And a lot of investors use this feature as a trade journal to keep track of their theses and learn from mistakes. Once you post a trade, your followers will see what you traded, when you traded it, at what price, and whether you bought or sold.

Can I post options or futures? What about Bitcoin transactions?

Nvestly currently does not support options, futures or Bitcoin transactions. We hope to support all three and more in the future.

Definitions

What does "Annualized Return" mean?

Your Annualized Return represents how much your portfolio is returning per year. You can generally use this figure to compare your portfolio's returns to the annual returns of investments, such as savings accounts, CDs, Mutual Funds. Note that the Annualized Return will fluctuate based on your portfolio's performance - it is not a fixed figure. Nvestly uses data provided by your brokerage to calculate your portfolio's Annualized Return.

Nvestly uses the Internal Rate of Return (IRR) calculation to calculate an Annualized Return. The IRR is an investment performance metric that considers size and timing of cash flows. For example, a portfolio that allocates a large portion of its cash to a winning investment will have a higher IRR than one whose allocation to the same investment is much smaller.

What is "Total Return"?

Your portfolio's Total Return is the full return on your portfolio including all dividends, interest and investment exits made in your portfolio over its lifetime. Nvestly uses geometrically-linked time-weighted return calculations to find this figure. This is the same metric used to calculate the performance of Mutual Funds and ETFs. This ensures that your portfolio's return does not jump when there are any cash withdrawals or deposits to your account.

Nvestly relies on data provided by your brokerage to calculate your portfolio's performance. Nvestly assumes that your investment activities began on the date corresponding to the first data point provided to us by your brokerage.

How do you calculate "Holding Period"?

The holding period is the length of time that you hold each investment before selling. Currently, the holding period stats shown on your Dashboard are based on your current portfolio only. The average holding period is a simple average of the holding periods of all your investments. The shortest and longest positions are also based only on holdings currently in your portfolio. In certain cases, brokerages do not provide information on when an stock, Mutual Fund or ETF was first bought. In these cases, Nvestly will assume that the investment began on the date corresponding to the earliest data provided to us by your brokerage.

What does my "Portfolio Beta" mean?

The Portfolio Beta shows your portfolio's sensitivity to the market. A beta of 1.0 means that your portfolio moves very closely with the S&P 500. A very high beta means that your portfolio moves more than the market. A negative beta means that your portfolio generally moves opposite to the market. Nvestly calculates portfolio beta based on monthly frequency intervals. As an example, a beta of 1.5 implies that the your portfolio has performed 50% better than its benchmark index in up markets and 50% worse in down markets, assuming all other factors remain constant.