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Can the crowd skew the market? Annie Wyatt from CrowdInvest thinks it can beat the market.
What is crowd investing? The theory is that independent and diverse individuals will out-perform a singular opinion (such as portfolio managers).
CrowdInvest has tested this theory with an app. People vote on stocks they believe are bullish or bearish. The app builds an index from the top 35 bullish stocks into an ETF traded on the NYSE. CrowdInvest saw the Crowd’s performance beat the S&P 500 in 2016.
You can find more about CrowdInvest on Facebook or their website and blog: http://crowdinvest.us
Miranda Marquit | Student Loan Hero
Doug Goldstein | Rich As A King
Linda P. Jones | Be Wealthy And Smart
Nyle Bayer | Financial Time Traveler
For a quick bio of each of our show participants, head on over to our panelists page.
Send us your questions for a future Listener Letters episode