JERSEY CITY, N.J.--(BUSINESS WIRE)--Plynk®, the award-winning app designed to simplify investing and help investors grow their knowledge, today announced Virtual Portfolios, a new feature allowing users to seamlessly build a mock investment portfolio and view how it would have performed over periods of time – ranging from 15 years ago to yesterday.
Plynk Virtual Portfolios are designed to help users learn about historical market trends and build confidence before putting actual money into investments. The new feature continues the Plynk team’s mission to provide action-oriented education, as Virtual Portfolios can help demonstrate important lessons, like the potential benefits of diversification and understanding market trends and different levels of risk. For more advanced investors, Virtual Portfolios allow users the opportunity to experiment with different investing strategies, track historical sector performance, and explore investment types all in one place.
Commenting on the launch of Virtual Portfolios, Jared Hubbard, Plynk App Product Manager and registered associate of Digital Brokerage Services, said: "Whether you’re a seasoned investor or just starting your investment journey, Virtual Portfolios allow you to learn more about financial markets before investing. With this feature, we are focused on continuing to empower and educate Plynk users.”
The Plynk app lets users have as many as ten different Virtual Portfolios at a time, each including up to 25 securities. When viewing a virtual portfolio, users are provided with several metrics, including:
- Starting dollar value on the date you selected, as well as the value today
- Change in value over time vs the S&P 500
- Total profit or loss as of today
- Annual return: Average percent increase or decrease in price per year
- Annual risk: Measure of the portfolio’s volatility
- Sharpe ratio: Comparison of return vs risk
Users can also see past performance data for each security within their virtual portfolio.
The new feature is now available to all Plynk users, further enhancing the platform’s position as a destination for mobile investing and education. To learn more about the Plynk app and test out Virtual Portfolios, download the app from the App Store or Google Play Store today or visit plynkinvest.com.
About Plynk
Plynk is an app designed to simplify investing and help people grow their knowledge—making it a refreshingly easy way to invest. Created by a team with a passion for empowering investors, the Plynk app makes it easy to get started with an investing experience that’s free of complexity and confusion. The Plynk app offers straightforward language, clear explanations, and just a $1 minimum to invest. Easily navigate and explore the different types of stocks, ETFs, mutual funds, and cryptocurrencies you can invest in based on your preferences—all trading is commission-free. (Some fees apply to individual crypto trades).*
Social Media
LinkedIn: https://www.linkedin.com/company/plynk-invest
Instagram: @plynkinvest
Facebook: Plynk Invest
The projections or other information generated by the Virtual Portfolio regarding the virtual investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.
*Commission-free applies to U.S. equity trades, exchange-traded funds (ETFs), and Mutual Funds (MFs) for Digital Brokerage Services LLC (DBS) retail clients. Expenses charged by investments, interest charges, or other expenses for transactions still apply. See brokerage fee schedule for details. Separate expenses for crypto apply. See crypto fee schedule for details.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. Past performance is no guarantee of future results. Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stocks, mutual funds, and ETFs involves risks, including the loss of principal.
Plynk and the Plynk logo are trademarks of Digital Brokerage Services LLC.
Diversification does not guarantee a profit or protect against a loss
Cryptocurrencies are volatile and highly speculative, and you may lose the full value of your investment. You should carefully consider your financial circumstances and risk tolerance before trading crypto. None of the legal protections associated with your brokerage account at DBS (such as the Securities Investor Protection Corporation [SIPC]) apply to your crypto assets. Crypto assets are also not protected by the Federal Deposit Insurance Corporation (FDIC).
The Plynk ® app provides access to two different types of accounts, brokerage and crypto.
Brokerage accounts and related information and services are provided by Digital Brokerage Services LLC (DBS), member of FINRA and SIPC, 499 Washington Boulevard, Jersey City, NJ 07310. Crypto accounts and related information and services are provided by Paxos Trust Company (Paxos), a New York StateChartered limited liability trust company (NMLS #1766787).
©2024 FMR LLC. All rights reserved.
