Covestor

Mirror investing lets you link your investment account to someone else's: When they make a trade, you automatically trade too. It guarantees that the person guiding you has skin in the game, but is it really wise to put your investment decisions in the hands of a stranger?

Covestor lets its users mirror the portfolios of other successful investors. And it lets investors who want to showcase their stock-picking prowess use the technology to build up a following -- and get compensated in the process. Covestor's Simon Veingard explains. [Video]