Interested In Coattail Investing? There's An App For That

The concept of coattail investing is simple: by mimicking investment picks of Wall Street and hedge fund billionaires, ordinary investors can design an all-star portfolio with minimal research or even any knowledge of investment required.

After all, if an investment is good enough for Warren Buffett, chances are many investors will immediately jump to the conclusion it is good enough for their own portfolio.

There is one problem with coattail investing and that is the inconvenient fact that it is extremely difficult, if not impossible, to know what stocks investors like Buffett are buying and when. Thankfully, there is an app that attempts to solve this problem.

Related Link: How To Use Coattail Investing

iBillionaire is an app that "provides key insights into the investment data and strategies of the world's most successful self-made billionaires." The app allows a user to access financial moves from the top financiers, discover opportunities and compare a portfolio of stocks with those of the world's elite investors.

Push notifications can be set up for recent transactions, changing stock prices and the billionaires a user chooses to follow. Their is also a feature to "discover a new billionaire stock every day."

The app is available on both iOS and Android. A one-month free trial is offered, after which a monthly fee of $9.99 will kick in.