Once, it was about keeping up with Joneses.
Now, it’s keeping up with the Buffetts, the Soroses and the Jays and Beys.
To meet these ridiculous new financial benchmarks, you’ll need data. Access. Acumen.
Which you now have, for free, courtesy of Openfolio.
Openfolio is essentially a social network for investments. You follow people, stocks or groups you like, and then compare your portfolio to theirs.
It’s a transparent way to glean financial insights, all done through a clean, simple interface. Think of it as Foursquare or TripAdvisor for stocks and bonds, with a heaping of stat analysis a la Moneyball.
To start, you link your portfolio to OF’s encrypted site — they cover 40 of the most popular U.S. brokerages, with newbies like Robinhood “coming soon.”
Your profile will showcase your investments in percentages, not dollar amounts.
From there, you can explore and compare your investments by nearly any grouping: age (e.g., “men 35-49”), industry, region or individual people — including, yes, Warren Buffett and George Soros, amongst many other big names.*
Openfolio also does their own data crunching and offers some fascinating insights. Like, you’re probably coming up seriously short on your retirement planning.
Don’t tell Warren.
* Small caveat: Because professional managers file their holdings and trades 45 days after the last fiscal quarter, you won’t be seeing completely up-to-date readings of the big boys.