European data on P123

[jmh]

Reading the post from Dodge1664: is it worth doing a small bit of marketing for P123 on LinkedIn for example?

There are some interesting groups e.g. “Algorithmic Trading” ; “Finance Club” ; “Algorithmic Traders Association: CTA & Quant Funds System Trading | Stocks, Futures, Forex, Options” or even “Hedge Fund Group (HFG) Association: Alternative Investments, CTA Funds, & Fund of Funds”

Jerome

[alloffs]

Very good news .

If you go for it, please add “Istanbul Stock Exchange companies” too,

Regards,

aLL_oFFs

[factorbased]

How much money was pledged the first time around?

[marco]

First time the goal was 150K and we had 150K pledged.

[hguise]

Hello,

I only started using Portfolio123 a few weeks ago but have already found it enormously helpful for backtesting and refining my existing investment approach as well as for screening.

From my perspective, UK data would be particularly useful if it includes data for the AIM-listed small/micro-caps. Do you know if those companies would be covered?

h

[jmh]

Hi P123,

Any answer to my question above? https://www.portfolio123.com/mvnforum/viewthread_thread,12556_offset,0#75742

Thank you,

Jerome

[yuvaltaylor]

Hi P123,

1. Sorry but I am missing some basic elements here: can you provide guidance on the “recommended” amount to pledge? Is there a min?

I recon Marco’s post below:

For Europe: 166 users pledging $1200 for 1 region for 1 year or 83 users pledging $2400 for 1 region for 2 years For world: 250 users pledging $1200 for 1 region for 1 year or 125 users pledging $2400 for 1 region for 2 years

2. You mention US/Canada + Europe would cost ~1.6x US/Canada alone. Is that true for legacy memberships?

3. Legacy memberships have no or minimal resource constraints (resource units) for US/Canada (Thank you!).
   Would this be different for the European portion of the membership?

4. For example, what would make sense to me is to pay “in advance” 1 year or maybe 2 years of European data.
   I.e.
   Current US/Canada Legacy membership = $1,665 / year → x1.6 to get Europe as well → ~$2,700.
   Pledging 1 year of European data in addition to US / Canada would therefore be (2700-1665) / 1.25 ~ $830
   pledging 2 years → ~$1,600

Thank you

Jerome

Jerome, sorry for not replying earlier. I think you posted at the same time as I did so I missed your post.

We didn’t set a minimum pledge amount, but under $100 certainly wouldn’t go very far. But your logic seems very sound to me: to pledge in advance one or, preferably, two years of European data. Because the membership for European data would be separate from your US membership, you’d have to choose a membership level rather than keeping a “legacy” membership. It’s really a new thing. But our Ultimate-level membership comes with 10,000 resource units, which I would assume would be sufficient, and if not, upgrading is rather inexpensive.

[yuvaltaylor]

Hello,

I only started using Portfolio123 a few weeks ago but have already found it enormously helpful for backtesting and refining my existing investment approach as well as for screening.

From my perspective, UK data would be particularly useful if it includes data for the AIM-listed small/micro-caps. Do you know if those companies would be covered?

h

Yes, they would be. Every AIM company I’ve checked is included. FactSet has superb coverage all over the world: what you see from US data you should expect from data from any other country.

[abwillingham]

Here are the fees that Charles Schwab provides when trading internationally.
Are these in line with other’s experiences?

---

[EbenezerScrooge]

This is a big value add for p123! Please contribute!

[mike0001]

This may be a silly question but would the European stock screens and portfolios be separate from US stocks similar to the way Canadian stocks are? (except ADR) I imagine so but I would like to confirm if they would be separate.

[yuvaltaylor]

This may be a silly question but would the European stock screens and portfolios be separate from US stocks similar to the way Canadian stocks are? (except ADR) I imagine so but I would like to confirm if they would be separate.

Yes, they will be.

[Hedgehog]

Pledged, it is time for this project to kick off.

[Ralph123]

Hello everyone, I am writing this because I would like to raise awareness for this initiative and the pledge which you can still make by end of December 2020 here: https://www.portfolio123.com/fund.jsp

European data would be a great additional feature for P123 for so many reasons, e.g.

• access to thousands of additional stocks not listed in the US
• many value stocks, based on the long underperformance of European markets as compared to US markets
• far less analyst coverage and far less institutional ownership as compared to US equities
• access to fringe markets, e.g. like eastern Europe

I have submitted my pledge already - please consider making yours soon.

Thank you and best regards!
Ralph

[hemupadhyaya]

Hello All,

I have some good news. We’ve worked out the details and have been able to lower the pledge amount down to $120,000 for Europe and $200,000 for the world instead of the original which was at $200,000 for Europe and $300,000 for the world.

There’s still time till the end of the month to get your pledge amounts in so we can get working on Europe.

Thanks

[test_user]

Excellent news - I’ll see if I can add more to my pledge.

[WERNER]

Well, the pledge amount was not reached.
Does this mean, the project is dead?

Also I pledged some amount before, will I get a refund for that pledge now?
Thanks.

Werner

[stevej]

This is ludicrous. Will Portfolio123 please explain.

European data has been promised for at least 5 years.

On Oct 11 2019 you promised as follows:

In the third quarter [of 2020], we will make data for stocks on the European, Asian, and Australian exchanges available to any subscriber who wants to access that data

(https://www.portfolio123.com/mvnforum/viewthread_thread,11932_offset,0)

There were no ifs, buts or maybes.

But the promise was not fulfilled and, well into the third fourth quarter of 2020 (Nov 6, 2020), rather than having made European data available, you announced as follows:

We are now starting a pledge drive to see how much interest there is in Portolio123 offering data for European exchanges—and, eventually, exchanges all over the world.

If we can raise $200,000, we’ll go ahead with Europe. If we can raise $300,000, we’ll get the world.

If we can raise the money, we should be able to offer the first stage of European data—stocks on the LSE—by the third quarter of 2021.

(https://www.portfolio123.com/mvnforum/viewthread_thread,12556)

Will you please say, once and for all, what on earth you are doing

[factorbased]

@stevej
Seems like interest waned with time. There was interest maybe 5 years ago but the latest project funding didn’t even reach half the amount required for them to consider doing. So I feel P123 is focusing on other projects, judging from Marco’s post about what we want to see next, and I think that’s a good decision.

[dodge1664]

They should just offer simple screening on current European data. That would be cheaper for them, and might be enough to start building a European customer base.

I doubt that the US data would ever have got off the ground using the fund raising approach.