Our kaChing Presence is No Longer

If you've been monitoring the DRS Advisors portfolio on kaChing as of late, you may have been shocked, as we were, when our portfolio jumped nearly 1500% overnight.  It didn't take long before we zeroed in on the cause:  Our position in E*Trade had not been properly adjusted for the company's recent 1 for 15 reverse stock split.  We chalked it up to a bug, and waited for a day for the problem to be resolved (presumably other portfolios had experienced the same problem).  When two days went by without a fix, we became curious and when we went to the application to alert tech support, we were greeted with some unwelcome news.  As of Monday, June 7, kaChing would no longer be supporting its Facebook application, InvestingIQ.  Going forward, the company would be fully devoting itself to providing a one-stop, turnkey solution for small money managers.

Needless to say we are disappointed.  kaChing has been an integral part of our social media presence, enabling us to conveniently publish our equity research and manage a virtual model portfolio.  Our "IQ" was on the rise, and we were steadily on our way to qualifying as a "Genius" and moving from virtual asset management to running real money.  Sadly, our trajectory has been altered by kaChing's decision to focus solely on established Registered Investment Advisors. 

We have launched a search for a suitable replacement, but kaChing's unique business model, clean interface, and reliability may be hard to duplicate.  There is no shortage of virtual stock trading services populating the Web, but, unlike most, kaChing's provided aspiring money managers with a legitimate platform to prove and promote themselves, to cultivate a following and build a track record.

We hope to have our investment research back online soon.  Stay tuned.