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.

Technorati Tags: OnVista, Stocks, Stocktrading