Wednesday, June 18, 2008

New functionality in FinGad

Everyone has been working diligently at FinGad to provide our users unique and interesting features. A lot of technology people I meet focus on building things that are cool. This is nice, however we aim at building things that are functional and add value. Sometimes they can be both!

We have been talking to a number of business schools and have come up with core offerings for business students. We also learned a few things in the process.

  • Ability to upload papers – We realized that a lot of work students do in school gets lost after they graduate. Hey, why not have a place to save it.


  • Public Profiles – Users now have an ability to create professional profiles in finance.
    • Example: http://www.fingad.com/profile/public_profile/lovephileo

    • This is similar to LinkedIn, however the profile is dynamic

    • A profile consists of the work of the user, their posts, portfolios, questions/answers, etc.

    • Key differences:

      • Reviews Chart – This is a graph that shows how accurate a user’s review is. So if I go on FinGad and post on Google and say it will increase In the next 3 months in price and it does, then my graph will point up and vice versa. Now we can see how accurate a post is before even opening it.

      • Portfolio Chart – This shows the % return of a user’s portfolio – Portfolios consist of stocks in the US at present.

      • Suggestions Chart – There is a feature to make a suggestion to another user’s portfolio, like buy 50 shares of Amazon. If Amazon increases in price, the user who made the suggestion will have that chart go higher and vice versa. This shows us how good users are at making suggestions.

  • Virtual Trading – Practice your strategies before committing.
  • Ability to Ask/Answer questions -

Then there are a number of interesting things that are being done under the hood. I will be updating this blog and sharing what these things are when they are ready to launch, and all of us love hearing from our users. Try out these features and tell us what you think!