Archive for the 'SocialPicks' Category

I ask for a financial blog and I get one called SocialPicks. Not bad…

After requesting a financial blog about a week and a half ago, I found one that meets a lot of my needs and seems that it might become a compelling site over time – SocialPicks. First off, let's just address that this site is really new and, as such, is a bit of a ghost town. After sign up, you land on a page where the most recent postings may be hours old. Whatever. That'll change.

The basic idea at SocialPicks is to form a community which debates stock picks and posts research on stocks. You can post your "pick list," "sell list," and "watch list." You accumulate "friends," "favorite experts," and "followers" (which sounds a touch cultish but if I find anyone that can me 6 bazillion dollars on this site, I'll be happy to count myself one of their "followers"). There are also ways of responding to other people's research and cheering them on. It's a place to learn from the community and hopefully improve your own stock-picking. Right now, it's a touch too soon to see if the community will really pan out. I am a little disheartened at the level of research I have seen on some of the picks so far (i.e. Yahoo and eBay signed a deal today, therefore I am recommending Yahoo and eBay…). One line comments do not really constitute research people. Do something useful.

There are early tools in the system intended to help you identify the most successful pickers at any given time. Sooo, if you think you're a savvy stock-picker, now might be the time to jump on board and put yourself in a position to benefit from new users as they sign-up (I've found that being early in these things can put you in a nice reinforcing cycle).

The site is not currently open for public sign-up, but you can put in your name on the homepage and, if you're as lucky as I apparently am, the people running the site will send you an invite token within a day or two.

If you do make it on to the site, feel free to befriend me under my "mrefranklin" moniker. I'll be happy to share whatever investing expertise I decide to put there. Of course, this blog will still be my primary vehicle for sharing that information…

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