p/richie-invest
An app that lets you invest with your friends
Matt Henderson 🚀
Richie Invest 2.0 — Invest with your friends! 🤑😄
Featured
27

We bring investing to the sharing economy. Create a goal, invite friends and invest together towards that goal without sharing money. Investment minimum is $1.

Replies
Ankit Aggarwal
Is this only in the US? Is it valid in India? Seems pretty interesting!
Sebastián Álvarez
Omg. Love the concept and the web! Definitly will check it out
Ermek Rysbek Uulu
Hey guys we are excited to share this product with you! ---HOW DOES IT WORK?--- - Create a #Venture and invite your friends - Invest together towards the #GroupGoal without sharing money - each #Venture member gets his own advice to reach the goal - investments are done automatically in portfolios based on your risk level - #GroupGoals can be very specific with a specific target amount and a target date such as #ColoradoTrip2018 or very broad interest leaning like #ModernTechnology or #FutureHome. ---LITTLE MORE ABOUT RICHIE--- Richie is a robo-advisor build for millennials by millennials, our algorithm considers your 'millennial' type of expenses such as rent, transit and even ‘self-development’. We combine budgeting and investing to help you save and invest successfully. ---WHAT DO YOU INVEST IN?--- Richie offers fractional shares which means you are able to invest the way you want, no matter the share price. You are able to invest in exchange-traded funds that match your risk level with as little as $1. Exchange traded funds are made of stocks and bonds that help you build a balanced portfolio. ---PRICING--- We charge $1 per month advisory fee for accounts under $500. Accounts above $501 cost 0.25% per year. Important Disclosures: Richie is an SEC registered Investment Advisor. Brokerage Services provided by Third Party Trade LLC and APEX Clearing. The content of this app is not an offer, solicitation of an offer or advice to buy or sell securities in jurisdictions where Richie is not registered. Investments in securities involve risk, and there is always the potential of losing money when you invest in securities. Investments are not FDIC Insured or hold bank guarantees. To get more information please contact us at support@richieinvest.com.
Chris Fiore

Great product! Great to see the work you guys have done!

Pros:

Really helpful, great option when saving up for trips with friends!

Cons:

Not anything at the moment

Veronika Iurchenko
I'm looking forward when such application will be available in Kyrgyzstan too!
Ermek Rysbekuulu
@veronika_iurchenko We are bit scrutinized by the regulators, but we are working hard to get to other markets :)
John Smith
Do you have anything like an IOS or smth?
Ermek Rysbekuulu
@johnnysmith10 Yes we are launching our IOS in 2 weeks
John Smith

It is a web application? Huh?

Pros:

Ready to start a venture

Cons:

I don't think my friends know finance that well

Eduardo Espinosa

website is clean and very clear. Doesn't take to long to sign up too so starting a venture is pretty quick and easy. My friends were all planning to go to India next year so using Richie would be a good platform to use since we can set it together as a goal. However its not a app yet so it will be hard to get them to use the product. I think they would find it taxing to use the computer to sign up rather then just use a app on their phone. Even if they sign up on their phone's browser, that still adds an extra step.

Pros:

Investing towards group goals with my friends

Cons:

no iOS or Android app.

Rashid Khasanov
Hi Eduardo, we are glad to hear that you liked our website and the signup process. Your trip to India with your friends sounds exciting and Richie is just exactly the platform that can help you and your friends reach your vacation goal. Meanwhile, our IOS app is coming out soon. We'll update you once its live. It should take about a week or so. Cheers!
Anatol Justin Tong
It's a pretty cool idea. Need to see if it works as well as it looks.
Ermek Rysbekuulu
@dionysusable Thank you Anatol! Our job is to make sure we are executing the idea the best possible way!
Aizuura Sagynbaeva

I think this is a great concept... I don't know if they can grow tho

Pros:

Amazing Idea

Cons:

What do we invest in tho?

Rashid Khasanov
Hey Aizuura, investments are made into so called ETFs which consist of stocks and bonds. We simplified financial jargon and made it understandable to everyone.
Alexia Salem

There are other group investing apps

Pros:

Im skeptical about investing with friends

Cons:

Let's see if it works

Alexia Salem
That video is fire! But the idea is not clear for me
Ermek Rysbekuulu
@alexia_salem How can we explain it better? We can try :)
André Pineiro
This is dope! I would so use this with my friends.. bout time we all make that Cancun trip happen.
Altyn Isakova
Beautiful
Mirbek Zhaparov
Do you work in Kyrgyzstan?
Ali Millard
Richie invest is differentiated not only by an amazing product but by incredibly hard-working and dedicated founders. You guys rock!
Benson Hongbin Guan
The design is clean and clear with user friendly interface. Great idea for investment and a combination of finance and social. I think it's great for people who do not know much about finance.
Angel Daniel Torres
Website is clean and good looking. I like the idea of saving toward a common goal through investing. I just wish there were an Android app!