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Openfolio

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Openfolio
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Bright blue logo.png
Type of site
Investment network
HeadquartersNew York City, USA
Key peopleHart Lambur (Co-Founder)
Yinon Ravid (Co-Founder
Websiteopenfolio.com
Alexa rankPositive decrease 231,952 (January 2015)[1]
LaunchedAugust 6, 2014; 6 years ago (2014-08-06)

Openfolio was founded by Hart Lambur and Yinon Ravid in November 2013.[2] Openfolio is a consumer internet financial technology company. The service launched in public beta on Openfolio.com in August 2014 [3] and in full on iOS and web in October 2014. It has been described variously as "Yelp of online investing" and "Wall Street meets Twitter".[3][4]

The service is a network that allows users to share the contents of their investment portfolios. Investments are shared without dollar amounts, only percentages.[5] According to OpenFolio data, average investors lag significantly behind market index funds; in 2016, the average OpenFolio investor gained 5% compared to a market index fund of roughly 12%.[6]

See also[edit]

  • Investing
  • Business networking
  • Financial Services
  • Finance
  • Asset Management

References[edit]

  1. "Openfolio.com Site Info". Alexa Internet. Retrieved 2014-09-24.
  2. "This NYC Startup Brings the Sharing Economy to Personal Investing - AlleyWatch". AlleyWatch. 2015-02-03. Retrieved 2018-05-17.
  3. 3.0 3.1 Libby Kane (2014-08-06). "This Startup Wants To Be The Yelp Of Investing". Retrieved 2014-08-06.
  4. Mercadante, Kevin (1 December 2014). "Openfolio Review - The Power of Social Investing". Investor Junkie. Retrieved 5 December 2019.
  5. Groenfeldt, Tom (10 February 2015). "Openfolio Shows How Your Investing Stacks Up". Forbes. Retrieved 5 December 2019. Unknown parameter |url-status= ignored (help)
  6. Anderson, Tom (5 January 2017). "Most Investors Didn't Come Close to Beating the S&P 500". CNBC. Retrieved 5 December 2019. Unknown parameter |url-status= ignored (help)



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