from Hacker News

Show HN: An investment forum where everyone manages a $1M imaginary portfolio

by raymondmoay on 10/23/22, 3:46 PM with 25 comments

Hi there! Made LongTermBoard.com as a Jr. FE engineer fresh from leaving the investment field but still in love with it.

Back then, I'd read articles on investment forums and wanted a quick way to determine if I should spend time reading the analysis. I wanted a quick way to determine if the author is a good investor.

LongTermBoard solves this by making it easy to view the competency of the author by seeing his investment performance of his profile. It's long-only for now, as the goal is to look for great long-term businesses to invest in.

It ain't perfect as its a controlled investment environment, but my hope is that over the longer term, the portfolio performance should be a good proxy.

It's super rough now, so hope it doesn't break.

  • by f0e4c2f7 on 10/24/22, 2:28 AM

    Wow what a cool idea - thanks for sharing!

    It sounds like the main purpose is to show how qualified people are to give advice but I'll note my first thought was how fun it would be to compete with friends.

  • by kleinsch on 10/24/22, 2:20 PM

    How do you prevent people from opening a ton of accounts with different risky positions, abandoning the ones that don’t work out, and claiming to be a genius on the ones that top the leaderboard six months later?

  • by aetherane on 10/24/22, 11:16 AM

    IMO a big thing these sort of simulators always lack is a notion of tax consequences, which is always a big factor in real decision making.

  • by smoldesu on 10/23/22, 4:00 PM

    What's up with the "get paid" page? Are you selling real subscriptions to insider knowledge for people's fictional portfolios?

  • by hackrnusr on 10/23/22, 6:17 PM

    More useful would be a website where everyone receives the same $1 million to propose research to cure cancer.

    Could use some myself.

  • by SamReidHughes on 10/24/22, 4:51 AM

    Never got a verification email. So I don't know what it offers, but I'd say it should allow shorting, if it doesn't already.

  • by vrdvn on 10/26/22, 6:22 PM

    Add shorts!! ,gotta have market neutral portfolio ,also add leverage.

  • by tbs1996 on 10/23/22, 7:27 PM

    oh hey this is cool, I'd like to start investing some time so this seems fun to play around with first

  • by joshxyz on 10/24/22, 4:26 AM

    just signed up and bought some positions, i hope it sends me weekly updates of my pnl

  • by sakerbos on 10/24/22, 3:38 AM

    Sounds like fun!