Back to Mobile View
Subscribe to the CrunchBase Daily for the latest on Fundings, Acquisitions, and Startup Events

General Information

Websitemarketriders.com
Blogmarketriders.com/...
Twitter@MarketRiders
CategoryFinance/Venture
Phone866-990-3837
Emailinfo@marketriders...
Employees4
Founded1/2008
DescriptionPortfolio Management

Offices

Palo Alto, USA
530 Lytton Ave
2nd Floor
Palo Alto, CA, 94301
USA

People

CEO and founder
co-founder
CTO and co-founder

Funding

TOTAL $200k
FUNDING TOTAL $200k
Seed, 1/2008
Mitch Tuchman
Stephen Beck
$200k

Tags

MarketRiders

MarketRiders, Inc. is an easy-to use online service that allows anyone to join the Exchange Traded Fund (ETF) revolution using strategies previously only available to elite investors and large endowments like Yale and Harvard. For $14.95 per month and 30 minutes each quarter, anyone can build and manage their own ETF portfolio and grow their money like the world’s smartest investors.

Traditional wisdom suggests that being successful in the stock market is about picking the right stocks or hiring the right financial advisor to manage one’s money. Study after study proves, though, that it’s not possible to “beat the market” with any consistency, and that the most successful investors ride the market by allocating their assets across broad sections of the market and re-balancing when their asset allocations get out of whack.

While mutual funds purport to do this sort of thing, they typically charge investors 2% or more off the top, whether they’re making money or not, and have tax implications that are often unfriendly to investors. Over time, these taxes and fees can erode 30-50% of an average portfolio!

MarketRiders allows investors to take control of their own money in a three step process as follows:

  1. User inputs data points such as age and risk tolerance, and based on those factors, MarketRiders suggests a portfolio based on ETFs (low-fee index funds typically associated with buckets of stocks or commodities). User can customize the portfolio or copy a successful portfolio from another MarketRiders user.

  2. MarketRiders sends user a lists of trades to make at his or her online broker. Once user confirms purchases and prices, MarketRiders begins monitoring user’s account for necessary changes based on rules and alerts that user can configure.

  3. MarketRiders watches each user portfolio and alerts user when he or she needs to make changes. If for example, a user wants to maintain 10% in coal, and coal makes a run such that 15% of the user’s portfolio is now in coal, MarketRiders suggests the necessary trades to bring the portfolio back to the desired asset allocation.

Recent Milestones

Videos

Screenshots

MarketRiders screenshot
Above: MarketRiders Home Page
Uploaded: 3/30/13

Traffic Analytics

Compete

Marketriders

Sources

  1. TechCrunch [edit]
Edit This Page
Last Edited 5/1/13

Revision History RSS Picture

Sharing

Share this page on Twitter or Facebook:
Or copy this code to embed a widget: customize ยป

TechCrunch Posts TechCrunch Logo Small Picture

External Links

CrunchBase API

Sponsors



Become a Sponsor
Terms of Service | Privacy Policy | Licensing Policy