Wanna invest like Buffett? There’s an app for that

The Buzz - Investment and Stock Market News

Who doesn’t want to be a billionaire? A new app, aptly named iBillionaire, won’t turn you into one. But it makes it easier for you to invest like one.

iBillionaire, which launched Wednesday, tracks what Warren Buffett, Carl Icahn, Bill Ackman and other financial titans are buying and selling.

Using SEC filings, the data are fed automatically into the app, though the iBillionaire team has a data analyst on staff who spot checks. The app also comes with a Google (GOOG) news feed that automatically updates news about the billionaires and the stocks they own.

Founders Raul Moreno and Alejandro Estrada created iBillionaire on a shoestring budget (just $100,000) to give individual investors easy access to strategies used by 10 of the most well-known billionaires in the world.

“Our users will be among the first to know” when these billionaires make changes to their portfolios, Moreno told CNNMoney.

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