StockLift officially launched the world’s only free investment tracking and analysis app on the 9th of May, 2023, removing the barriers of entry for emerging investors on a cash-strapped budget. While the majority of investment aggregation tools are either pricey one-off purchases or subscription-based programs, the StockLift app is an advanced freeware available on Apple’s App Store.
The fact that it is a free app is not the main draw of StockLift’s portfolio tracker, however. This versatile application comes supplied with a barrage of innovative features meant to streamline, accelerate, and simplify numerous investment-related tasks. Users are able to connect multiple brokerage accounts, including retirement accounts, to see the analysis StockLift provides.
StockLift has pioneered the “Diversification Score” – a tool that rates the user’s investment portfolio diversification from 0 to 100 based on a proprietary algorithm capable of determining how diversified the portfolio is.
Other features of the portfolio tracker include a breakdown of the user’s diversification by stock market sector, a comparison of the user’s portfolio performance to the S&P 500, and portfolio growth projections. Coupled with a stock watchlist, StockLift aims to be a one-stop-shop for understanding an investment portfolio.
However, this app is more than just a portfolio tracker. It features an inbuilt stock market simulator designed to help investors practice in a comfortable, stress-free environment while engaging with the dynamics of real markets.
Another major innovation that StockLift brought to the table is its financial social media segment. It is currently the only dedicated social media network in the finance space that enables users to upload videos to share their thoughts and interact with members of a budding community comprised of like-minded individuals.
The social media segment also enables users to share their verified top 10 holdings on their profile once they connect a brokerage account. Users without a connected brokerage account can manually enter their top holdings to their profile for others to see.
A chat function is also available, allowing StockLift users to communicate with each other and share insights. Its social media aspect is designed with simplicity in mind, as the app’s creators wanted new users to feel comfortable and familiar with its main features so that they could find new contacts merely minutes after installing the app.
StockLift Inc. was co-founded by Shannan Sweeney and Brendan Sweeney. As Shannan notes, the launch of the StockLift app was a response to the “lack of financial education and discussion in schools”. The company’s founders wanted to design and create an easily accessible, free app that would aid new generations of investors in their quest for knowledge and investment success.
Deeply enthused by the concept of diversified investment portfolios, and guided by Shannan’s vision for the app as an educational tool, Brendan developed the algorithm used in StockLift’s Diversification Score tool.
Security-wise, the brokerage accounts connected to the StockLift app are protected by Plaid, the leading financial services company specializing in building robust data transfer networks. Plaid uses best-in-class encryption protocols including Advanced Encryption Standard (AES 256) and Transport Layer Security (TLS). The app is available for free download on Apple’s App Store.
More information about StockLift Inc. is available on the company’s official Apple Store page.
Company Name: StockLift Inc.
Contact Person: Shannan Sweeney
Email: Send Email
Country: United States