„Oh, how often you have to read about children like these, who were called Max and Moritz.“
The story of WAVEALERT begins with Moritz. As an expert in cloud solutions and a passionate VW fan, he has long been interested in shares of German car manufacturers. The diesel/emissions scandal occurred in 2015: several car manufacturers illegally manipulated the legally prescribed limit values for exhaust gases using software. After the scandal became known, VW's share price plummeted. This massive collapse seemed to Moritz to be exaggerated, an overreaction. He considered the problems to be solvable and therefore expected a significant upward correction.
Therefore, he invested countercyclically in the VW share ("buying the dip"): six months after the price low, the share had climbed by 20%. He noticed that there were certainly many events that influenced the price development influence in the short term and which could be used as an entry point for investing. Unfortunately, Moritz didn't have the time in his everyday life to regularly keep an eye on global news.
“Max (and Moritz too) would like something like that to use.”
Moritz researched what apps there were that he could use to track various investments and set specific price alarms. But he couldn't find anything that specifically reflected his requirements. The simple alarm functions of most online brokers were not sufficient: alarms for percentage price changes were only available for fixed or short-term periods and were therefore of only limited meaning for him.
„Max and Moritz now thought: What should we do here now?“
Moritz asked his circle of friends whether anyone had the time, desire and knowledge to put this idea into practice. He wanted to develop a service that would detect and report price increases or drops over any period of time.
Max & Moritz met through a friend and met in person for the first time in 2019. At this point, Max was just as enthusiastic about the idea and wanted to develop himself and develop his own project. In the past, he had already programmed many applications and specific solutions on behalf of customers. Now he wanted to further develop himself and his skills on his own project. At first, neither of them realized how extensive the time commitment would be. Max & Moritz met in the evening after work and then worked for hours on the first prototype of WAVEALERT.
The first version was nothing more than an initial proof of concept that was not very user-friendly. Therefore, the two of them next turned their attention to the front end to improve usability and appearance. The performance of the portfolio manager was also gradually optimized: Initially, the page view of a large portfolio took between 30-40 seconds, which was an absolute no-go for many end users. Together they continuously improved and expanded the underlying architecture, so that the operation and output of the data is now more than competitive.
There were also capers when it came to obtaining data on the price trends: the first source was of dubious quality and was ultimately replaced despite many attempts to adapt it. The monthly license costs increased, but there was now reliable data, without gaps or outliers. Max and Moritz developed the project alongside work and family in their "non-existent" free time without investors with their own capital.
„Max and Moritz, woe to you! Now comes your final prank!“
In order for the project to continue to develop and be successful, both of them rely on your feedback. Check out the Portfolio Manager. The aim of WAVEALERT is to map specific alarm functions and to bring together personal investments from different portfolios and asset types at a central point and thus have a complete overview of asset development.