Why was Stock Smart founded?
The idea of Stock Smart originated back in June 2020, when the whole Reddit wallstreetsbets culture and community-based participation and discussions were popping off. Being a WallStreetBets active participant,
I realized that there is a massive gap in the market of how retail traders and investors are being manipulated by hedge funds and other whales who create waves in the market only to chew off the little guy/girl. Hence, I wanted to build a platform that helps retail investors and traders generate wealth and provide credible information.
So that any newbie watching an IPL ad of groww or upstox today, coming to invest, has a platform they can trust for expert & public opinions and have the tools to do world-class research! Essentially, StockSmart is an investing and trading-based social network that provides institutional-grade investing and trading data through Artificially Intelligent Systems to the retail investor to level the playing field while enabling public and expert discussions and community-based learning.
The problem we are solving in a broad sense is the unorganized equity trading sector in India. We want to bring all the Stock related conversations and activities to a single common platform. Our mission is to uplift the people of this world financially by educating and providing them efficiently readable data to make financial decisions and create wealth over time by compounding and investing smartly.
We wish to decrease the knowledge transfer gap and lack of robust tools between the whales and the retail investor. The point is not to bad-name the hedge funds just because they have outstanding facilities. It is, however, to create opportunities at the same level for the retail investor.
We use AI to gather and create meaningful information from global news, user sentiments, and various sources to help educate ordinary investors and help them make the right decisions. We will also work towards finding communities that uplift them and give them a chance to be encouraged by being influencers of the finance world. By doing so, we are building a community where people can talk about what’s on their minds in terms of stocks and form connections while educating one another in a fun and gamified manner.
It helps customers make money by educating them about the stock market by the medium of social media along with providing them world-class data to make financial decisions on and create wealth over time by compounding and investing smartly. Its as if the retail investor owns their own trading company with the entire community as knowledge banks and analysts.
Our customers will be active traders and investors who are looking to find an edge, along with bounce ideas and their thesis of people and those who want to make a reputation by providing help in the financial markets specifically! We are unique in many ways, from being a marketplace to connect stock market educators to learners that bounce ideas in a democratized form to using world-class AI to generate insights that will help our country make more money and learn.
Moreover, Trust, Credibility, and our partnership with Small case, which enables buying/selling of Stocks and different small cases by fund managers, will bring dedicated sections and arrangements for meaningful discussions. The focus is on building a trading community to edify and empower young individuals with little to no trading experience is! These are the few things that are unique about us. More to come soon!
We believe this is the need of the hour, especially in India, which has the highest growing youth population in the world. It is absolutely essential in the fast-paced, growing economy and where the youth is more interested in bringing change than just floating around in the age-old system.
Approximately 75% of India’s wealth is accumulated among people over 50, which we will need to change. We need to make the common person lesser dependent on external sources and become self-sufficient (aatmanirbhar in its purest sense) by creating and distributing wealth more efficiently amongst the rising youth. And then slowly but effectively spread the word to the world.