Collaborative Investments

TechCrunch writes about socialPicks, a web service that is a community of investors that work together to find the best picks. This is actually something I think all the companies that have user portfolios like OnVista need to get into. Remember that these web sites have huge amounts of portfolios of their users and could easily find the best performing ones. Building a special investment fund based on that seems to me to be easy enough. You could analyze best performance of those people that are trading on at least 1 share a month (only active accounts) over a given period just to start with. If you then take into account social interactions, ratings of companies, ratings of portfolios, best-of lists, discussions, digg like features, you are really getting into a new kind of portfolio that people might even want to mirror.

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6 thoughts on “Collaborative Investments

  1. Robpas August 22, 2006 at 22:08 Reply

    There are a lot of potential problems in this set up. Just from a trust perspective alone. You have to know motivations of people to begin with before trusting their advice. To see another take on this checkout some commentary by Roger Ehrenberg<a href="http://www.informationarbitrage.com/2006/08/social_networks.html“ rel=”nofollow”>http://www.informationarbitrage.com/2006/08/social_networks.html

  2. Jason (Socialpicks) August 22, 2006 at 23:42 Reply

    I actually dropped a line to Roger earlier today. Enabling people to make their motivations more transparent is actually one of our key goals. I do recommend Roger’s post though. It’s well thought-out, and while it erroneously suggests that we’re purely looking to become a hot stock source, it does bring up a lot of great points that all investors should keep in mind.Socialpicks is trying to help people become better investors by putting them in contact with other good investors. There’s a lot that has to be finessed on that front, admittedly, but we think it’s a worthwhile pursuit.

  3. Robpas August 23, 2006 at 05:08 Reply

    There are a lot of potential problems in this set up. Just from a trust perspective alone. You have to know motivations of people to begin with before trusting their advice. To see another take on this checkout some commentary by Roger Ehrenberg<a href="http://www.informationarbitrage.com/2006/08/social_networks.html“ rel=”nofollow”>http://www.informationarbitrage.com/2006/08/social_networks.html

  4. Jason (Socialpicks) August 23, 2006 at 06:42 Reply

    I actually dropped a line to Roger earlier today. Enabling people to make their motivations more transparent is actually one of our key goals. I do recommend Roger’s post though. It’s well thought-out, and while it erroneously suggests that we’re purely looking to become a hot stock source, it does bring up a lot of great points that all investors should keep in mind.Socialpicks is trying to help people become better investors by putting them in contact with other good investors. There’s a lot that has to be finessed on that front, admittedly, but we think it’s a worthwhile pursuit.

  5. Oliver Thylmann August 23, 2006 at 07:00 Reply

    Great comments, thanks. The trust part cannot be forgotten, I agree. Long time trends in performance, linked with an ability of trust would probably be good. Looking forward to seeing more happening on the front.

  6. Oliver Thylmann August 23, 2006 at 14:00 Reply

    Great comments, thanks. The trust part cannot be forgotten, I agree. Long time trends in performance, linked with an ability of trust would probably be good. Looking forward to seeing more happening on the front.

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