Wanna be the next Warren Buffet? Then you need to sign up for Nvestly, a new, free social media platform for investors that’s like a LinkedIn account for your portfolio. It lets you connect with friends and colleagues so that you can take a peek at where they’re investing. Since its recent launch in October, Nvestly is currently managing over $25M in assets.

Here’s how it works: After giving Nvestly access to your brokerage accounts (it’s all protected by the same bank-level security used by Mint, Yodlee, and other aggregator sites), you log on to the site to see a Facebook-like newsfeed of trading activity. Dollar amounts are never revealed–just the performance percentages. The real-time platform allows investors to pull in their portfolios from all five of the major U.S. brokers, including Charles Schwab, E*Trade,  and TD Ameritrade.

Social media platforms allow novice investors to follow trading veterans and truly see how they work.
You’ll get an email whenever one of your friends buys or sells a stock you’ve invested in. And you can track $cashtags (#hashtags for stock) to stay up-to-speed.

Everyone’s profile has a little percent symbol showing their rate of return for the year. So when you see that your super-smart neighbor just invested in Pepsi, you might want to look into it too.

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