Ever wondered what it would be like to trade thousands of dollars in the shares of multi-national businesses? Or do you have an eye for a well performing company and would like to earn some money from sharing your investment ideas?
Capital Hive is a new virtual investment vehicle providing two services. The first allows anyone having what they consider to be a good portfolio idea to create it on the site and then make virtual trades in the sale and purchase of shares. The performance of the portfolio is then tracked by Capital Hive’s processes in the same way as it would be if it were for real using actual market data and applicable trading rules.
The portfolio can remain private to the creator, however if it subsequently proves to be a flyer it can be made public. This is where the opportunity to make some real money comes in.
Anyone searching the site for investment ideas can subscribe to follow a public portfolio for a given monthly fee. The information gleaned can then of course be used to enhance or steer their real trading account activity.
Portfolio creators can enjoy a subscription fee split of 70/30 in their favour with all of the associated management handled by Capital Hive and channelled through PayPal. At the moment, with the site still undergoing pre-launch testing, it is free to subscribe and will remain so for three months. Thereafter, the minimum/maximum level charged will be down to individual portfolio creators.
Becoming a member and setting up a portfolio is easy and quick and via OpenID. For those interested in creating a portfolio a description and a name are requested along with the level of required funding. Once set up it is then possible to deposit or withdraw virtual funds to ensure the portfolio remains at its optimum performance level.
This is clearly not a site for people just looking to play around with numbers. When listing a portfolio for public viewing there is a requirement to describe the pertinent features of it which will help investors find the right type of strategy that best suits their circumstances and investment style. Having a good handle on investment speak and high-risk/low-risk positions is therefore fairly important.
A site that could have the potential to create some wealth for keen eyed investors and might just find the next Warren Buffett. Apart from the subscriptions payable to follow a portfolio no real money changes hands. The Capital Hive system tracks the performance and monitors trades and portfolio values in a realistic but risk-free environment.