Snowball Analytics
Powerful portfolio tracker for modern investors
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Anna

Snowball Analytics - Powerful portfolio tracker for modern investors

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Snowball Analytics
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Snowball is a powerful portfolio tracker made for modern investors 💰 Track all investments in one place - stocks, funds, crypto, custom investments 🌐 Made for investors everywhere - multiple exchanges and currencies 🤓 Beautiful and powerful analytics

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Anna
Maker
📌
Hi there, Product Hunt! I’m Anna, co-founder of Snowball Analytics - powerful investment portfolio tracker for retail investors from all over the world 🌐 📜 Story behind Snowball started as a google spreadsheet we with @egor_babichev were using to track our family’s investments. Later, when our ideas and needs became too ambitious for spreadsheets - the Snowball was born. Today we’re exited to share our tool with Product Hunt community! 😔 The problem When we started investing we faced with several problems and were a bit frustrated: - It’s impossible to keep track of all investments, especially if you have multiple accounts - Brokers don’t show all the information we need - We don’t know our real performance, including dividends, currency fluctuations, broker’s fees, etc. - Emotions get in the way and force us to make bad decisions That’s why we created our spreadsheet first, and then built a Snowball for everyone to have a solution to these problems. 🦸 Our mission Not-so-fun fact: while talking with our users we noticed that a lot of investors don’t know the real performance of their investments 😢 Another fact: when the market is volatile people panic and start making emotional decisions. In Snowball we believe every investor should have a clear understanding of their financial state. Our goal is to equip investors with a tool that helps them build their wealth stress-free and backed by data. ⚒️ How it works? 1. Connect your brokerage account or upload a broker’s report 2. Get all the information you need about your investments 3. Set target allocations and get rebalancing recommendations 🤑 Promocode Please user the PRODUCTHUNT promocode to get a 30% OFF discount on your first purchase. 💌 We’d love to hear from you We build Snowball with our users in mind. We’d love to hear what challenges you’re facing on your journey to financial independence, so we could make this easier together!
Agrima Sharma
Goodluck with the launch guys!!!
Anna
Maker
@agrima_sharma Thank you, Agrima ❤️
Dzianis Halka
Greetings everyone! Fantastic work on getting Snowball Analytics on the Product Hunt! 🥳 You have done an excellent job! Guess investors will appreciate it. I've only got one question. How big is your team?
Egor
Maker
@denis_galka Thank you for kind words! We are very small, we just put a lot of effort)
Dzianis Halka
@egor_babichev Take care of yourself Egor! A lot of effort leads to burnout. I know it myself
Nilan Saha
This is awesome. Will help me a lot managing my stock portfolio 😁🚀
Anna
Maker
@nilans Thank you so much, Nilan! That's the goal! We really hope you'll enjoy Snowball)
Alexey Markov
I'm using this product for over a year, and the support has been incredible: they even implemented several features I asked for!
Egor
Maker
@goblinwarchief Thank you! We always appreciate valuable feedback
Carter Michael
Congrats on the launch! Instead of connecting a brokerage account or uploading a broker report, is it possible to manually input assets?
Anna
Maker
@carter_barnett Thank you, Carter! Of course, you can manually add trades/assets, you will see this options right after creating a portfolio. Also, you can make and import a custom CSV file with your data, if you have a lot of trades
Carter Michael
@horovody Amazing, thank you!
Gwendal Brossard
Let’s go! Congrats on the launch Anna! 🙌
Anna
Maker
@gwendalbrossard Thank you so much for your support, Gwendal!
Umar | SaaS Guy
Sounds like a helpful tool. It looks like you've gone to great lengths to make sure users have all the necessary information they need. What kind of feedback have you received from users so far?
Anna
Maker
@heyumarkhan thank you! The feedback is mostly positive 🙂 People love the UI, support quality, ability to add investments from different stock exchanges, dividend calendar Our biggest challenge is connections with brokers, and we are working to improve it every day Our goal is to make best tool possible for investors, so they could get an overview of their financials in a few minutes 🙂
João
Since no one has asked about privacy yet - how is my data handled?
Anna
Maker
@internetjohnny Hi, John! This is a good question) We understand that you provide us your sensitive data, so we closely monitor its safety. Snowball Analytics DOES NOT store your broker or crypto account credentials. All your data in Snowball Analytics is depersonalized and encrypted at rest. You connect your brokerage accounts via Yodlee (https://www.yodlee.com/), secure data aggregator and all your credentials are stored there, we do not have access to it. We also have an ability to add your information by importing broker's reports if Yodlee is not an options for you, which are also depersonalized Please let me know if you have more questions 🙂
João
@horovody Sorry to ask the tough questions, but someone has to. Is there no way to offer read-only access to my data through an API? Why do the credentials to my brokerage accounts have to be stored somewhere? It is nice to say that there is this 3rd party (Yodlee) which is secure, but you're not on the hook if they have a data breach, your users are. Security breaches are becoming more prevalent, and this is extremely sensitive data. Also, do you allow any 3rd parties (anyone other than SnowBall Analytics basically) access to my data for whatever reason (advertisement, payment for order flow, sth else)?
Anna
Maker
@internetjohnny It's totally okay, I understand your concerns Some brokers actually do have an API, and you can connect via API Keys, access will be read-only. But the vast majority of brokers just don't have such an option unfortunately :( Because Yodlee is a open banking solution (they have access to your broker) they're under regulations for data privacy, the security standards are established and regulated by financial regulators. We're also constantly adding other methods to ensure our users have other options About your second question: we NEVER sell your data and no third-party providers have access to your data. Our service is funded solely by subscription fee
Paolo De Giglio 🚀
Congrats on the launch of Snowball Analytics on Product Hunt! 🎉🎉 I'm new to investing and I'm curious to hear about how Snowball Analytics can help me get a clear view on my financial situation. Could you give me some examples of use cases or features? 🤩 I'm sure I'm not the only one who's curious to know more! 🤗
Egor
Maker
@paolo_degiglio Thank you, Paolo! Welcome to the new interesting world!) we have a lot of different features so i will give you several use cases for some of them 1. Its common for investors to follow certain asset allocation in portfolio, for example 10% SCHD, 10% AAPL, 1% in bitcoin..etc when you have allocations like that, after some time they will change organically due to discrepancies in price appreciation by different assets for this case we have a tool called "Recommendations" which will help you rebalance your portfolio and restore original allocations. This tool can be used during account top-ups as well, it will recommend what to buy to be close to desired allocations 2. We have very detailed dividends analytics, this will help you better understand your portfolio's dividend yield and optimize it for your goals (in case you are a dividend investor) 3. Tool for backtesting will help you to check your portfolio (your asset allocations) on historical marked data, so it will give you better understanding of your investments 4. You can check true performance of your assets (including dividends), beta, commissions, etc. it will allow you to adjust your picks so your portfolio would better serve your goals and many many other features)
Paolo De Giglio 🚀
@egor_babichev Very clear 🤩
Roman
Congratulations on your launch! This is truly a powerful time saver for the average investor! Looks like it will be my #1 app after the broker.
Egor
Maker
@aflertis Thank you! We will do our best to help you in your investments journey!
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