I tried an app that recommends stock picks based on your astrological sign. Here's what it's like to discover your investment portfolio match made in the heavens.For fans of astrology, there's now a mobile app that applies the study of the stars to stock investments.
Now, a group of Brooklyn-based developers are pushing the bounds of investment strategy and establishing a new frontier: portfolio construction based on astrological compatibility. Markets Insider spoke with Daniel Greenberg, the head of commerce at MSCHF - the studio and developer behind Bull & Moon.
In a white paper published by MSCHF, the studio said it tested a portfolio of six stocks recommended by its algorithm during the third quarter. The test portfolio returned 7.47% compared to the meager 1.7% gain in the S&P 500.