Mounir Laggoune
CEO of Finary
Mounir Laggoune
CEO of Finary
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May 8, 2023

April 2023 Product Update

We live in strange times. Galloping inflation, unstable geopolitical context, and deep social unrest are all indicators that say the same thing: taking care of your finances is a necessity. There is no free lunch anymore! Those with good strategy will be able to achieve their goals, whatever they may be! If you are on Finary, you have taken a decisive step in the right direction.

In April, we focused on fundamental aspects of personal finances. Thanks to our new features & many improvements, you will be able to make the right decisions to face the coming years with serenity.

🌎 Diversify your life

The Diversification Score

The world of finance can be a complex landscape to navigate, which is why we need tools to help investors make quicker and more informed decisions.

The Sector Diversification Score simplifies intricate investment data into an easy-to-understand metric, allowing you to quickly assess if your portfolio is well-diversified across various sectors and segments. Having a diversified portfolio is a powerful strategy, as it reduces risk and helps you capitalize on opportunities across different industries.

Our cutting-edge algorithm takes into account numerous factors, including the number of sectors and segments within your portfolio, as well as the concentration of investments in each. Not only does it provide valuable insights, but it also interprets your Score and offers possible steps to improve!

While today we're focusing on sector coverage, we're also exploring scoring other aspects of diversification like geographical diversification, which we hope to bring to you soon. We aim to empower you with the knowledge and tools you need to achieve your financial goals. The Sector Diversification Score is just one step in that journey.

This feature is only available on the app and requires the new update. The Web version will arrive soon.

Check my diversification

📈 Not all performances are equal

Measure your P&L

Performance measurement is an essential aspect of investing. You can't improve what you don't measure. You asked for more granularity when analyzing your performance, and we delivered!

You now have several options to track your performance.

  • Profit & loss, also called P&L, is the true measure of your performance. It is the difference between your average purchase price and the current price at a given time. It ignores deposits and withdrawals.
  • Balance change: Measure the variation of your investments over a defined date range. This value takes into account capital gains and losses, deposits, and withdrawals.

This feature is only available on the app and requires the new update. The Web version will arrive soon.

Check my P&L

✅ A few tweaks

  • Allocation contributors (app): You can now dig deeper into your sector and geographical allocation and see the different stocks and ETFs contributing to each sector, country, and more!
  • Dividends (app): We display a broad range of dividends: ETF, stocks, mutual funds, and SCPIs. You can now filter the displayed data between various asset types.
  • Wealth Statement (web): More details are now visible on your statement: each of your startups, crowdlending & SCPIs investments is now listed. The look & feel of your PDF has also been improved.
  • New integrations: Wise, Santander UK and 102 banks from Spain, Italy, Belgium or the Netherlands have been added to Finary.

See our changelog

🗣️  Our community is waiting for you

Joining our community is a great way for users to have a direct impact on the development of Finary. We take our users' feedback seriously and use it to shape the future of our platform.

By joining our community, you'll have a unique opportunity to provide valuable feedback that will help us improve and enhance the Finary experience for everyone.

Additionally, it is a space where you can connect with other like-minded investors, share your investment strategies, and learn from each other's experiences.

So come and join us today to have a say in the future of Finary and connect with a community of passionate investors!

You can join the English-speaking board right here and start chatting, submitting your ideas and giving feedback.

Join the community

Finally, don't forget to unlock the full power of Finary with Finary Plus.

No more time lost every week on spreadsheets. No more complex calculations and headaches to understand the hidden fees behind your investments. Get everything Finary has to offer for a flat fee.

Thanks for reading this newsletter. Follow me on Twitter for exclusive content & a sneak peek of upcoming features

Edited by
Mounir Laggoune
CEO of Finary
Written by
Mounir Laggoune
CEO of Finary
Mounir is the co-founder and CEO of Finary. He is passionate about personal finances and shares his knowledge every Friday on BFM Business on the show Tout pour Votre Argent as well as twice a week on the Finary YouTube channel.

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