CVIM has developed the world’s first retail Multi Managed account or MMA. With an MMA you can invest directly alongside professional and retail investors, managing their own money in their own account. It is a new category of Investment product that gives you access to expert managers like a hedge fund with the security and transparency of a managed account.
You can find out more on Covestor's blog and on the CV.IM site.
Back at the hotel we found GoCar via the web and soon discovered how clever this innovation is. GoCar have created a fun looking 3 wheeler and loaded it with advanced GPS navigation capabilities to not only guide you round the city but also highlight points of interest along the way, just like a personal tour guide.
All you have to do is turn the key, listen and drive where your virtual guide directs you. You can stop where you please and even turn off route - unlike rigid group tours. GoCar is also way more fun than renting a car for a city tour. The only surprise is that it’s not battery powered.
Having booked our GoCar we were within minutes ready to take to the busy streets of Barcelona. The GoCar was very easy to drive – its controls originate from a moped and the GPS took away the pain of driving on unfamiliar roads. Our virtual navigator (no name!) gave clear directions, pointing to the various sites and giving us the city's history - topped with quirky, humerous interjections!
GoCar charge by the hour and offer two different tours of the city. Disclosure - we took up GoCar’s promotional offer of the first two hours free in return for a writing a review of our experience.
The only navigational problems surfaced whilst up on Montjuic - as we approached a roundabout we were not given instructions as to where to exit - so, unknowingly we took a wrong exit and were left to find our own way back onto the set tour – the navigator doesn’t say much when you go off course to re-direct you back to the guided tour - a minor irritant. We were also directed to Montjuic’s peak only to discover the road was closed which meant we had to improvise!
But these little problems aside, this is a fantastic combination of technology and one which could revolutionise city touring. It was an exhilarating afternoon out and we discovered places we would not have seen otherwise. And it was as much about the experience as it was about sightseeing.
So if you’re visiting Barcelona, or the other cities in which they operate – Lisbon, Miami, San Diego and San Francisco – this is a really fun way to discover the city and highly recommended.
You can find out more on the Covestor blog.
Investors of any level or experience can now register to track the live trades of the self directed investors on the site (i.e. you no longer need a membership code/invitation or to share a portfolio to participate). To create an account, simply choose a username and password. Once signed in you can track the real trades of tens of thousands of brilliant investors for free, and/or add your portfolio at any time to better track your own investments. Invite your friends as we are now open to the world!
Other new features include:
If you are an existing member all of your account information will be on new site. Let us know if there is anything that you think hasn’t been correctly updated. Send us your feedback on the upgrade and as always any further suggestions for improvement. Great work Covestor team...
This a great news for the team here and for all of our members. It will allow us to build out our asset management platform, enabling users to invest alongside the brilliant self-directed investors on the site, rather than in expensive managed funds.
We have already been hugely impressed by the individuals who have joined us. Todd Dagres of Spark, and Albert Wenger of USV have joined our board of directors, Anne Glover of Amadeus has joined as a board observer. We chose to work with them as they share the passion of the team here at Covestor. A big thanks to them, and to all of our friends on the site.
We've also had some great coverage in the press, including a piece in the Wall Street Journal. Rikki was interviewed on CNBC's Power Lunch.
And I spoke with the guys at WJR Radio:
Covestor in the News has more...