Writing a Financial Services App in Python

[Cai Gengyang]

It will be a web-based application. 

Something like this : https://www.slicedinvesting.com/, but with different, better, more features and also graphics , forums, a system to track your daily, monthly expenses and earnings, a graphical tutorial system to teach users financial literacy , learn and utilise ways to invest and trade their money properly and create computerised trend following systems to trade stocks in the stock market. 

The truth is, very few individual investors really know how to properly trade stocks , and hedge funds are open to mainly very wealthy clients. Computerised and automated trend following systems can legally create huge profits for investors if a disciplined automated systems are utilised. 

I for example, am a terrible trader because of having almost zero discipline and thus keep losing money. My plan is to create such an all-in-one platform to help individual users like myself who might not have millions of dollars to invest in professional hedge funds properly invest , trade , keep track of their money and also network with our individual investors. 



On Thursday, November 19, 2015 at 11:03:50 PM UTC+8, Jeremy Leonard wrote:
> On Thursday, November 19, 2015 at 7:00:05 AM UTC-5, Cai Gengyang wrote:
> > From YCombinator's new RFS, This is the problem I want to solve as it is a severe problem I face myself and something I need. I want to write this app in Python as I heard that Python is a great language that many programmers use ... How / where do I start ? The problem is detailed below :
> > 
> > FINANCIAL SERVICES
> > 
> > Saving money is hard and Americans are particularly bad at it. Because the personal savings rate has largely been falling since the early 80s, we don't have sufficient cushions to face economic shocks, weather unexpected unemployment, or even enjoy our retirements.
> > Its simply too hard to find good ways to save or to invest. Savings accounts only pay a fraction of what's needed to keep up with inflation. Picking individual stocks and bonds exposes investors to huge volatility and does nothing to guarantee a return.
> > 
> > While investors can dampen their volatility through various exchanges or closed ended funds, the reality is that few have the expertise needed to properly mix those funds, rebalance them, and optimize them for taxes to capture the best possible return (no matter how you define that) given each dollar of invested capital. Even if investors were able to pick optimal investment strategies, they'd find that that fees are a huge drag on performance.
> > 
> > This seems to us like something software should help solve. We'd like to see teams tackling each of the component issues around saving and investing, along with ones tackling the entire package.
> > 
> > 
> > Thanks alot !
> > 
> > Cai Gengyang
> 
> What platform do you want the app to target (web/desktop/etc...)?
> 
> Jeremy