Q: Question: How does TYKR handle stocks trading in Mexican pesos?
I opened the free trial and noticed that while TYKR asks for currency when setting up a portfolio, I'm unsure if it handles Mexican stocks like Yahoo Finance does (where NVDA.MX is supported). Can the platform track performance across portfolios with different currencies?
I also noticed my broker GBM+ isn't on your supported list - are there plans to add it? And will you include tracking for other assets like crowdlending, similar to GetQuin?
Last concern is about ETF data accuracy. For example, SOXL shows AVGO as its top holding, but AMD has been its largest holding since April 1, 2021. While I understand daily updates are challenging, this seems significantly outdated.
I like TYKR's concept but would appreciate clarity on these points.
Sean_from_Tykr.com
Nov 6, 2024A: Hello, I'll do my best to answer your questions:
1. We do have stocks in multiple currencies including Mexican Pesos.
2. We do have NVDA.MX.
3. We will be partnering with SnapTrade who is in control of the brokers that are added. They may add GBM+ at a later date.
4. We do not plan on adding crowdlending as that's more focused on small businesses. Tykr is focused on well-established public companies where investors have a high probability of making money. Investing in small businesses can be fun but statistically speaking, most small businesses don't make it past 5 years.
5. We will look into the holding sizes of ETFs.
Good questions. I hope this helps!