mobile-blog-mobile-app-review-ibillionaire

App name: iBillionaire

Publisher: iBillionaire Inc.

Price: Free

Available on: Android, iOS

What’s it supposed to do? It’s supposed to give you insight into the investment moves of billionaires to help direct your own investment decisions. I was looking forward to spending some time on the app, but I ran into a major problem: This app is buggy and would sometimes shut down after perusing it for a few seconds. (I was using the app on iOS, so I can’t say whether it’s an issue on Android.)

This happens sometimes in the app world, though. Apps get bugs, and publishers send updates to fix them. Maybe I caught iBillionaire at a bad time? Anyway, the current state of bugginess did impact my review, but it’s a pretty fun app otherwise.

Ease of use (2/5): The design is sleek and easy to navigate, so it doesn’t take long to feel at home with the app. You can add stocks to your watchlist to easily stay informed on investments that matter to you.

Features (4/5): The app gives you a view of what billionaires are buying, selling and holding. When you pull up a page for a specific stock, the app shows you what the billionaires think about the stock. Are they selling? Buying? How many shares? This gives you an opportunity to learn the tendencies and pick the brains of some of the world’s wealthiest people.

You can even compile a portfolio and compare your performance against the billionaires. My hypothetical portfolio beat Warren Buffett! Now where do I pick up my hypothetical money?

Effectiveness (1/5): When iBillionaire didn’t crash, it was a lot of fun to use. It’s cool to see what moves the Wall Street power players are making and how they are performing. But I can’t see how it will make me a better investor.

Value (2/5): Bugginess aside, I have a hard time seeing how monitoring billionaires’ investment decisions can help Everyman Investor with his portfolio. If you’re already immersed in market data and want another perspective to shape your strategy, then iBillionaire can be a valuable app.

Verdict (9/20): The app’s latest iOS version was pushed out on Oct. 21, and it included a “bug fix,” according to its iTunes page. I ran into bug problems after that update, so that’s not promising. However, despite its flaws and the fact that I probably won’t ever invest like a billionaire, I enjoyed using iBillionaire. If nothing else, it’s a cool way to keep track of stocks that matter to you.