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iPad, iPod touch, & iPhone app reviews from our editors—and you!
Filed Under:
Developer:
Bit Mantra
Age rating: 4+
Compatibility: Compatible with iPhone, iPod touch, and iPad.
Requires iPhone OS 3.0 or later.
Stock Genie 2Current Version: 2.2.2
See more Finance app reviews under $15 »
What you get with the app:
* Direct contact with an expert trader via live chat or email
* Trading advice throughout the day via push notification such as "Move up stop loss", "Up 3%, sell", etc"
* Breaking news updates on the stock and the market
* Great short and long term stock picks
* Rationale for each daily pick with short & long term price targets, along with stop loss price for traders
* Discuss your portfolio or any investment with a trading expert
Stock Genie was developed by a financial professional with a winning track record that spans more than a decade. He is a trading expert, in 2009, his proprietary investment model outperformed the S&P 500 by more than 52%! This model is a hybrid of fundamentals, momentum, and mean reversion. In fact, if it was a large cap mutual fund, it would be in the top 1% of all money managers.
The model has been tracked on Tickerspy with great results:
As of August 20th, 2010:
YEAR TO DATE: Stock Genie UP 54.27% vs S&P 500 down 2.66%
SINCE INCEPTION: Beating the S&P 500 by 119% over the past 25 months
** Week of Aug 16th: STOCK GENIE made another 6.24% for its users this week. In comparison the market lost 0.65%.
Week of June 28th: STOCK GENIE made another 2.15% for its users this week. In comparison the market lost 5.4%.
Annual Stock Picks: UP 28.44% in 2010
Mutual Funds: UP 6.57% in 2010 (all funds are no load or load waived with an avg mgt fee of 1.18%)
What others have said.......
"As a simple tool for finding good stocks, Stock Genie offers great features for helping you make purchasing decisions all while giving you an investment education at the same time" - Macworld.com
"Straightforward and easy to use" - Bloomberg
"The most profitable app in the entire app store. Pays for itself and your iPhone!" - Apple Bites
"Trusted, expert trader making all the right moves for his users" - App Store Apps
Complimentary website to the app has some new features. Paid website is now live for $14.99 per month. It has a full archive of every pick the app has every made with rationale and results, a forum to discuss trades, blog, and four in app purchases including annual stock picks and mutual funds for longer term investors, a stock to short each month, and trading tips to maximize each trade.
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The model uses multiple sets of specific market data points including technical levels and daily market conditions for each sector to produce as many as 10 picks each day. Once these picks are broken down and studied in detail, the Stock Genie brings you the single best pick of the day. The pick is made between 3-3:30pm each day for the next trading day so you'll have plenty of time to place a market or limit order.
When you have Stock Genie on your mobile, you take your very own advisor with you wherever you go. Have direct access to an expert trader via the website's live chat or email. Whether you're new to the market, or you've been around the block a time or two, the Stock Genie brings picks you can trust.
Stock Genie 2 Review
Stock advisor tool makes finding investment advice a breeze
Straightforward and easy to use, Stock Genie 2 aims to make you money on the stock market by helping you select one stock per day to add to your investment portfolio. As a simple tool for finding good stocks, Stock Genie offers great features for helping you make purchasing decisions and while giving you an investment education all at the same time.
Taking Stock of a Situation: Stock Genie 2 is an easy-to-use stock selection tool that helps you choose one stock per day to add to your portfolio.
With information created and updated by a real human being, Stock Genie is designed to help you make a single, daily, after hours purchase for the next day’s trading. New purchase suggestions appear between 4-4:30 each day and give you a target purchase price, information on the current value of the day’s stock and other detailed (10 minute delayed) stock information. Tapping the Today’s Pick button at the bottom of the screen explains why the stock was chosen and tells you what went into that stock’s selection as the stock of the day.
The app also attempts to forecast short- and long-term growth for the stock, giving you the price you should use to set a stop loss order. A Latest Picks button at the bottom of the screen gives you a list of the last six stocks suggested by Stock Genie, the same detailed information on why each stock was chosen, and a percentage number showing how the stock has actually performed since it was selected. Stocks selected by Stock Genie are all major stocks.
Neither the app nor the Stock Genie Website give much background on who’s making these recommendations. I sent an e-mail to the developer, and he promptly replied with a rundown of his experience—11 years in the financial industry, with nine spent working at two major brokerage firms and a license as a Certified Retirement Planning Consultant since 2004. The developer also wrote in his e-mail that he has no affiliations with the stocks he recommends and that he does not push penny stocks nor accept money or endorsements from companies to recommend or short stocks. He also doesn’t trade in any stocks he recommends for at least three days to avoid any perception of conflict of interest. All that’s well and good, but it would be better to see that information displayed more prominently in Stock Genie.
While all the usual caveats apply (past performance is not an indication of future results, be sure to check with your financial advisor, and all that jazz), Stock Genie 2 offers an interesting twist on stock selection, especially for people who want the benefit of a portfolio manager without the usual expenses. If nothing else, Stock Genie 2 offers to give you a stock market education for the price of an iPhone app.
[Jeffery Battersby is an IT Consultant, (very) smalltime actor, and regular contributor to Macworld. He writes about Macs and more at his blog.]
Critic Reviews of Stock Genie 2 iPhone App
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User Reviews of Stock Genie 2 iPhone App
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Our user reviews IN DETAIL:
PennyInvest.com assists you in proper management of your penny stocks
A trade may be started up with a capital but it requires proper management to sustain its existence. Like all businesses, penny stocks, too, carry risks. But risk factors cannot be considered as a reason for prudential investors like me for not investing in them. So, I did, but at the same time I had subscribed to the free newsletter from www.pennyinvest.com just as a tool for these stocks. I personally went through their advices and have ripped of a good deal of return from penny shares. And from thence, I have been a regular subscriber of the newsletter.
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