Forgive me if this has been suggested before. It was mentioned in another idea and recommended to make it its own thread.
I want to be able to get a benchmark or snapshot of where I sit against my peers.
Anonymous data, portfolio returns versus risk/vol, plotted out so I can see where I sit.
People with a similar investment size to myself. E.g. if I am investing £10k my peers would be roughly around that amount. If I’m investing £100 I don’t want to be benchmarked against someone with £1m.
Plot out where I sit. Am I getting better returns than other people taking the same risk? Am I taking wildly more risk than everyone else for the same returns? What is the market returns for people like me with my amount of investment?
I think it would work on two ways, first it encourages people to rebalance when they take too much risk (potential revenue for FT) and it also reaffirms winning strategies.
It gives us another way to interact with our investments without giving anything away.
Not sure if users need to opt into something like this with GDPR. Not everyone would be comfortable with this and it might raise more questions than it answers.
Happy to hear your thoughts