Ease of Use
Are you a long-term investor? Then you may have heard of KINFO. KINFO is a mobile app that allows long-term investors to track profits and losses. With the ability to link multiple brokerage accounts and an additional social investing component, KINFO has many in the market talking. So, is KINFO as good as it sounds? Before you buy, read our in-depth review of KINFO and learn what you need to know.
KINFO is a mobile app designed to help long-term investors track profit and loss. The app differentiates itself from what most brokerages offer in two ways. First, you can link multiple brokerage accounts into a single portfolio to make it easier to track your trades. Second, KINFO has a social investing component that allows you to follow fellow traders and peek into their top stock holdings. The app has some shortcomings, including a lack of timeframe options, but there’s no charge to use it.
Plans and Pricing
KINFO is completely free to use. It’s available in the Google Play and Apple App stores for Android and iOS devices, respectively.
The main reason to use KINFO is to track the performance of your investments. While most brokerages have a feature that allows you to do this, the advantage to KINFO is that you can sync all of your brokerage accounts (including retirement accounts) into a single profit and loss calculator. That, along with a chart that shows your total portfolio value over time, makes it easy to know exactly how your investment strategy is working.
Most of the profit and loss metrics that the app includes are standard fare. For example, you can see your total realized gain and total realized loss, as well as the number of trades that were closed for profits and losses. Interestingly, KINFO does not provide information about unrealized gains or losses, so it can be hard to know how your portfolio is actually doing at any given time.
That said, one neat aspect of KINFO’s performance tracking capabilities is that you can see all of your positions for a given stock over time. The app will even plot your entry and exit points on a chart (although not a technical chart).
KINFO also puts a heavy emphasis on social investing. For every user on the platform, you can see many of the same metrics that are available in your own profile. That includes their average percent gain over a chosen timeframe, their top 10 portfolio holdings by value, and even their entry and exit points for recent trades.
We’ve seen services like eToro. Profitly, and Nvstr add similar social components, and the value of the tool really comes down to how popular it is with users. The idea of reviewing and copying the success of others seems like a great idea, but it can be hard to replicate.
It’s hard to see exactly how this information is useful, since you can’t sort according to a specific stock to gauge sentiment around a company. There’s no chat function in the app, which puts a serious cap on how social it actually is. It’s also worth noting that there are only a couple dozen users currently visible in the app.
Customization and Layout
KINFO’s layout is fairly standard for a mobile app in that the pages can be accessed from a menu at the bottom of the screen. Scrolling through your own portfolio metrics is simple, although there’s no way to dig into them or export data for a custom analysis. It would also be nice to see a journal function incorporated into the app to allow you to make comments about specific entry and exit points for trades.
One thing to note is that you can only switch between one-month, three-month, and one-year timeframes for portfolio performance metrics. That’s a bit limiting considering that KINFO appears to be targeting long-term investors, who may want to gauge performance over much longer timescales.
KINFO can sync with a number of major retail brokerages, including Fidelity, Robinhood, E-Trade, Charles Schwab, TD Ameritrade, and more. The app will attempt to pull in historical trade data from your account, but depending on the brokerage this may be severely limited or not available at all.
KINFO Platform Differentiators
The main thing that sets KINFO apart from the performance tools included with most brokerage accounts is that the app can sync your data across multiple brokerages. In that sense, it’s best for investors who want to look at all of their trade data, potentially including trades in retirement investing accounts, on a single screen. The ability to look at entry and exit points for a single stock is also a major advantage for KINFO, although without technical charts or comments it’s hard to turn this into actionable information.
What Type of Trader is KINFO Best For?
KINFO is best for long-term investors with multiple brokerage accounts. The app is especially ideal if your brokerage’s performance analysis tools are limited in scope. The shortest timeframe that KINFO displays data for is one month, so it’s less than suitable for day traders and short-term traders.
- Sync performance data from multiple brokerages
- See entry and exit points on a rough chart
- Social investing allows you to see how other traders are performing
- Free to use
- Limited selection of timeframes for analysis
- No chat functions or stock search included in social features
- Lacks a journal function to comment on trades