Social media isn’t just for fun, it’s a place for promoting brands, selling goods and even exchanging money. A new startup is taking that a step further.
Instavest plans to be a platform to help budding investors. CCTV’s Mark Niu filed this report from Silicon Valley in California.
More details:
- The platform Instavest, which partnered with brokerage firm Tradier, allows users to follow other investors and be notified instantly when they make trades.
- If a user profits from following an investor’s advice, they are given the option to tip that investor when they sell their stock.
- Startup Instavest says, so far, every single profitable user has tipped between 10 to 12 percent.
Budding investment platform works on social media
Social media isn't just for fun, it's a place for promoting brands, selling goods and even exchanging money. A new startup is taking that a step further. Instavest plans to be a platform to help budding investors. CCTV's Mark Niu filed this report from Silicon Valley in California.Mitchell Goldberg on investing the new way
For more on the rise of do-it-yourself investing, CCTV America spoke to Mitchell Goldberg. He’s President of ClientFirst Strategy and provided his insight from Fort Lauderdale, Florida.