“The idea is that you can share ideas, and the community can track your success. Better stock pickers get more attention.”
Interesting idea… the sites just need the users. This kinda fustrates me a little, simply because I had this idea years ago. I even thought of a way users can make money via a shared revenue sheme. I never followed through with it because I thought the real value in such a concept would come from a legitimate investing house (aka the Hedge Fund I plan on creating) using the very site to share analysis amongst fund traders and employees). Make most of the info public, and allow anyone to contribute to the analysis.
The selling point would be two fold… 1) a pay off from the public version of the site via advertising… dependent on the amount of content the individual user produces. This also serves as a means to have accurate User information. 2) Access to Hedge Fund info.
Since i’m not yet in the position to start a fund… yet… i put this project on the back burner.
here is the link… it also contains a few sites on it. I have not had the chance to check them out yet, but if i join one, i’ll declare it on here.
For another kind of web2.0 finance site check out http://www.gstock.com they use distributed computing style seti@home to try and find profitable investment strategies