iBillionnaire mobile app has index fund that follows self-made wealthy
- Brady Dale for technical.ly May 12th, 2014
- Source: https://technical.ly/brooklyn/2014/05/12/ibillionnaires-raul-moreno/
iBillionaire, a startup housed in NYU Poly‘s Dumbo Incubator, recently broke 100,000 downloads. The iOS and Android app allows you to track your portfolio and guides you in investing like a billionaire.
In one of its financial tools, the company has made it possible to put your billionaire imitating investing on autopilot by investing in their iBillionaire Index. The index fund bases its picks on the SEC filings of self-made billionaires. The index was recently licensed by Direxion.
In an email to Technically Brooklyn, cofounder Raul Moreno told Technically Brooklyn that licensing their index is their core business.