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PandoDaily Gives Riskalyze a Thumbs Up…and Breaks the News of $225 Million in Portfolios

Hot new tech news site PandoDaily broke the news today that Riskalyze has zoomed past $225 million dollars in portfolios created on our platform.

Intrepid reporter Nathaniel Mott gave us a great review in his piece.

My head starts to spin every time I see a line graph.

I have to decipher which company is being referred to by four capitalized letters and what all those percentages detailing how the stock is faring on a certain market mean, and then switch tabs to catch up on the latest link-bait article.

The end result is the stock market makes me feel like a fool as I stumble my way around, hoping to trip, fall and accidentally land on the the best place to put my money.

Thank God Riskalyze doesn’t make me feel that way.

Based in Northern California, Riskalyze is a Webapp that asks me to answer a few questions in order to grab my “risk fingerprint”. By identifying how comfortable I am with taking risks and providing a number of different “starter” portfolio options, Riskalyze has made investing personal and easy.

Go check out the article, and then if you haven’t joined our movement to make investing personal and easy, I hope you’ll do so now.

This post originally appeared on the Riskalyze Blog.

Five

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Dear Son,

You’re five today. Ever since we first held you, in a tiny room in Seoul, South Korea, you’ve been 110% ours. And we’ve loved every minute of it.

The truth is, you’ve changed my life, all to the better. You’ve made me laugh and cry in all the right ways. Despite all of the challenges and things to figure out, being your dad is one of the greatest blessings I’ve ever had.

You’re incredibly smart, and talented in so many ways. We’re starting tee-ball this year and you’re already taking to it like a duck to water. You’re sounding out words, drawing awesome pictures and amazing us with your memory. And you’re a great big brother, to boot.

Your mom and I love you so, so much. When we ask you “how much do we love you?” you respond “soooooooo much!” So you know it’s true.

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Thanks for the privilege of being your dad. And yes, you can expect blog posts like this one long after they start embarrassing you. Get used to it.

Love,
Dad

All You Have to Do is Answer

You all know about our school project in Africa. One of the longer-term projects is a computer lab at each of the schools.

Greg Buzek, a retail executive and fellow advocate with Lifesong for Orphans, is doing a survey of retail buying habits and his firm will donate $10 for each of the first 1,000 responses to a charity of your choice.

And one of those charities is the computer lab project at our Ethiopia schools.

I just did the survey. It’s quick, painless and fun. Will you make a FREE $10 donation today with a few minutes of your time?

Here’s the link to go take the survey…

On the first question, choose the “Retail Orphan Initiative” to direct your donation to the computer lab project in Ethiopia.

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Thanks!

Don’t Be Anyone’s Muppet

I was as shocked as the rest of the world by Greg Smith’s New York Times op-ed, “Why I’m Leaving Goldman Sachs.” One friend referred to it as “a gift from the gods of finance” to Riskalyze.

The conduct of the financial industry, specifically the behemoths that were supposed to combine great client service with big institutional capabilities, has been nothing short of appalling for a long time.

Why is it that if I call up a broker at a wirehouse, I get the worst price on what I’m buying and pay 4x the commission for the privilege? Our friends at TD Ameritrade, E*TRADE, Schwab and others have already proven they can execute fairly at a great price.

The reason Goldman and their counterparts still have any business is the middle of the value chain…finding the investment ideas that fit their clients, and building a balanced portfolio of them. That’s the part – assessing risk tolerance and converting ideas into decisions – that technology hasn’t been able to disrupt.

Until now.

We’re still in the early innings of this ball game but the promise of Riskalyze lies in empowering every individual to make great investing decisions – using the principles of objective mathematics and the innovation of the Risk Fingerprint.

Of course, there will always be a need for smart advisors who can give their clients a deeper perspective on the future of the markets. But you could feel a big piece of the rationale for the big wirehouses come crashing down today.

One day Goldman is going to wake up and figure out that people don’t have to stand for them “ripping our eyeballs out” in their pursuit of “getting paid.”

And not only do we not want to be their “muppets” anymore…we don’t want to be anyone’s muppet ever again.

Riskalyze is still just scratching the surface. We’re not perfect for everyone and can’t solve every investing case, yet. But not long from now, people will look back at our product today and wonder if we were holding out on them. (We’re not…great things just take time.)

Just as technology has toppled totalitarian governments before, it’s going to topple the totalitarians of finance next. I hope you’ll join us in building this movement.

This post originally appeared on the Riskalyze Blog.

Why I Am Not Leaving Riskalyze

Because I work with amazing people on amazing technology that makes an amazing difference in the lives of our amazing user community.

Sorry, I just had to try to fit in with the meme of the day.

Congrats to the “Jerry Maguire of Finance” on his day in the sun, and may he find a new job just as incredible as mine.

San Francisco’s Financial District

The sky is so blue and the architecture is so beautiful in San Francisco’s financial district.

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If SF just had a subway system as good as New York’s, I think I might want to live here.

(All of my 530/916 friends will now gasp in horror that I like cities…but I do.)

Work, Work, Work

On Sunday night, I drove to San Francisco, and on Monday, I worked from about 6AM to 12 midnight straight.

We’ve got a lot going on. I can’t wait to share the news. (No, don’t worry. We’re not getting acquired by Yahoo.)

My apologies to those who missed my blog post on Monday. To all of three of you, I say this: I haven’t gone to sleep yet, so this still counts.

By the way, I should take this spare moment to say a huge CONGRATULATIONS to my pal and partner-in-crime Levi Nunnink. His latest release, Charlie Dean Nunnink, hit the App Store mid-day on Monday. Word on the street is that this deploy was bug-free and absolutely flawless.

Congrats, Levi and Suzanne, from the extended Riskalyze team.

Sierra College @ Work: March 13, 2012 Board Meeting

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Board Meeting Details:

  • March 13, 2012 at 4:00PM
  • Sierra College Rocklin Campus, Room LRC-133
  • Main agenda items begin at 4:00PM, public comment for items not on the agenda at 5:40PM or earlier
  • Meeting Agenda
  • Contracts (General / Capital Projects)
  • Warrants

Our March board meeting begins with a one hour closed session dealing with some litigation and personnel issues, and public session begins at 4:00PM.

We’ll hear a report on the Rocklin Walk and Talk Project and handle our responsibility to elect representatives to the statewide board of community college trustees.

Our prime focus will be reviewing the accreditation follow-up report related to retiree medical benefits. This is an important part of ensuring the fiscal sustainability and integrity of the district.

If you’re in the 530/916 area, I hope you’ll join us to share your perspective. Or you can comment here and I’ll do my best to carry your input into the meeting.

Jeopardy

Spending the evening with my grandmother and aunt who are in town. My grandma is getting her daily fix of Wheel of Fortune and Jeopardy.

My mom always says that I should go on Jeopardy because I know obscure things. But it’s clear to me watching this that my memory is deep but not broad.

I answered every question about Senate Majority Leaders and Saturday Night Live cast members. Not a one about obscure French art.

I think I’ll stick to what I’m good at. :)

The Media and the Republican Presidential Primaries

I should preface this post by saying that I haven’t endorsed a candidate or made a decision who to vote for in California’s June primary election.

It struck me this morning that the media really gets on a meme sometimes and just won’t let it go. The current one is that Republicans can’t stand Mitt Romney and that’s why he keeps having close races with Rick Santorum.

Now, I know a little bit about the Republican base, so let me posit a different theory.

You know what the Republican base really wants? They want a rock solid candidate who has a 90%+ chance of beating President Obama. They believe with all their hearts that the President has made our economic situation worse than it had to be, and is hell bent on knocking down the pillars of American capitalism and taking us to a quasi-socialist European future of entitlements, deficits, slow growth and mediocrity.

So the big motivation among Republican primary voters is not that they hate Mitt Romney. It’s that they want a candidate relatively in line with their values who is highly likely to win.

Now take a look at the last few months: Tim Pawlenty had a hard time keeping big rooms of people awake. Herman Cain looked interesting, until he became the second coming of Bill Clinton. Michele Bachmann got a short look before people got a little scared. Rick Perry was looking good for three reasons, but I can’t remember what they were.

And now there are two viable candidates left, and they’re both flawed, for their own individual reasons. Romney for his health care bill and propensity to talk about Ann’s two Cadillacs, and Santorum for his earmarking and bad votes on entitlement spending.

So to me, this race makes perfect sense.

About 40% of the Republican base thinks Romney, despite his flaws, is best suited to beat the President. He gives a tight, concise focused speech and looks like a President from central casting.

About 38% think Santorum has a better shot because of his blue collar roots and his passionate, though rambling, delivery.

And the other 22% either want to colonize the moon, or don’t think it’s a big deal if Iran gets nuclear weapons. (Humor, people. It’s called humor.)

If I were to place a bet today, Romney will become the presumptive nominee somewhere around May. Then we get to see how he plays in that role. If he has a good summer and his numbers are looking okay, then fine.

If not, and if his delegate percentage is below 60%, expect fireworks in Tampa at the convention.

The little known secret is that many states don’t pledge their delegates on the first ballot. And the holders of the other chips – namely Santorum, Gingrich and Paul – dislike Romney enough that they could band together and push their delegates to another candidate.

If there was ever a year that the unthinkable could happen, this would be that year. No more than a 10% probability, but base Republican voters are that motivated. So if Romney becomes the presumptive nominee, he needs a relatively error-free summer.

Meanwhile, Team Obama has to figure out when they unload on Romney. Do they do it in the summer, because defining your opponent early is generally better than late? Or do they wait until after the convention to avoid bolstering the opportunity for a different opponent to emerge?

It’s going to be a fascinating year.


Aaron Klein is CEO at Riskalyze, a Sierra College Trustee, and an adoption and orphan advocate. Most important: a husband and dad striving to live Isaiah 1:17. More »

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