Sameer Agarwal

His views, thoughts, introspection and rants

Social Investing – Try MoneyVidya.com

with 23 comments

Imagine you’re a 30 something who has some money to dabble with and are NOT an i-banker (or the likes). Actually take out the 30 something bit; you could be whatever age but meet the following criteria:

  • Have some money AND want to invest in stocks
  • Internet Savvy

If you meet the above criteria, how do you pick which stock is right for you? Do fundamental analysis? Yeah right! Do you have the skills, the time and/or the patience to do it? Well of course you could access some syndicated research, or read opinions from ‘experts’. But then, so many people are saying so many different things. What else could you do? Umm..

Well, you’ll ask your dad, or your friend who always seems to be making money in stocks, or a random colleague… a someone you trust. Now don’t lie. MOST of us pick stocks like these – do what our ‘circle’ is doing. Right?!

How about this? How about getting opinions from your dad, your mom, your pan-wallah, your friend, an analyst and another analyst, and your friend’s dad and your friend’s dad’s friends and their friends and their sons and their pan-wallahs and their sahabs and their friends? Whoa! More complex than fundamental analysis? Well not really. How about having a community of random stock buyers who share their picks and then leverage that collective opinion? After all, the stock markets (Indian stock markets being no exception) seem to react more on perceptions and emotions than anything else.

Buy that point? Go to moneyvidya.com and check it out for yourself. There are reasons I am advertising/reviewing them:

  • This concept is close to my heart. Read my previous entry in this regard – Honey I’m late again
  • I think the MoneyVidya guys have done it as good as/better than I visualized it
  • This is a useful concept and perhaps readers of this blog could get some leverage for their stock-picking from MoneyVidya

Ok so I said I’m advertising and reviewing MoneyVidya. Let me do the latter now:

Pros:

  • Great UI – easy to use, intuitive
  • The copy on the site is great! Very easy to understand, concise; very professional
  • Registration process is simple; the data-capture forms are pretty neat
  • Navigating the site is pretty simple. I did not have to struggle moving from one section to another

Improvement Areas:

  • Registration/all forms on site.Clicking on Submit gets a “Web page can’t be displayed”. Refreshing/reloading the page solves the issue. But many people may give up there. Don’t know if it was just me? I was using Chrome browser.
  • “My dashboard” could have “what’s this/help” links. For example, I was clueless about how I acquired the “Improver” and “Helper” friends. Same goes for all pages – for example when you’re posting a tip it won’t hurt to explain what “Stop Loss Limit” is.
  • In the search results, it will be great to have ‘mouse-overs’ on the Buy/Sell sentiment percentages. For example, if it is a Reliance Ind 100% sell sentiment then it won’t hurt to know if 100 people think so, or just one. Also, for stocks that don’t have any ‘sentiments’ could perhaps be indicated as such. Overall, I think the search results UI could improve. 
  • It may be technically complex, but it will be great to have search crawl over all ‘searchable areas’. For example, if I searched for ‘Reliance Industries’ I expect to see buy/sell sentiments, discussions, polls; everything about this stock. Again, I think the overall Search/Advanced Search module needs improvement

However having mentioned all the improvement areas that I did, I still think MoneyVidya is your best bet. Kudos to Gautam and team (people behind MoneyVidya).

Written by sameer

March 23rd, 2009 at 1:24 pm

23 Responses to 'Social Investing – Try MoneyVidya.com'

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  1. SA,

    I had a similar review for MV. Good to know other folks also have similar observations as mine about MV.

    Best Regards,

    TIP Guy

    24 Mar 09 at 8:48 pm

  2. The FourStocks community is founded on a strong belief in transparency and in putting one’s money where one’s mouth is. This emphasis on transparency and testing one’s ideas in the form of concrete stock picks, helps investors get over some of the more self-destructive biases exhibited by humans (and monkeys!) on stock markets.

    How to participate? It is a simple process:

    1) Register (http://www.fourstocks.com/register) – it’s a simple form. Then login.
    2) Make picks. You need a minimum of four active picks to be an active member on FourStocks.
    3) Follow picks (http://www.fourstocks.com/latest-picks) and comments of other investors.
    4) Use the (http://www.fourstocks.com/players) Leader board and (http://www.fourstocks.com/stocks)Stock Ratings to help yourself to better stock ideas.

    For more Information log on to: http://www.fourstocks.com

    Rony

    28 Aug 09 at 12:38 pm

  3. I am so excited about stock investing. Mentor Capital (MNTR) is my stock of interest due to their affiliation with Quantum Immunologics, a cancer immunotherapy company that is doing great things in the treatment of breast cancer.

    mlgreen8753

    27 Sep 09 at 11:36 am

  4. Sameer,
    thank you for the indepth review of moneyvidya.com. I would like to point out that moneyvidya has now launched their beta version and many of the areas of improvement that you had pointed out to have been resolved. Please do check out the new version at http://www.moneyvidya.com. We have also announced a cash prize for our top ten analysts next month. The tops spots are in serious competition now and as a result thers lots of quality stock advice. For Free!

    Chaitanya
    CMO
    Moneyvidya Technologies Pvt. Ltd.

    chaitanya

    7 May 10 at 1:50 pm

  5. Investing is my way of earning money both online and offiline, right now i am into venture capital.`*`

    Vanessa Bennett

    24 May 10 at 1:05 pm

  6. Breast Cancer as with other types of cancer, can be prevented by early intervention.’~*

    Libby Murray

    17 Jun 10 at 7:20 am

  7. investing will always be a part of get rich programs, sometimes you need to be a risk taker to succeed.’;”

    Jack Smith

    23 Jul 10 at 11:04 pm

  8. investing could earn you lots of money if you properly invest your money*,”

    Cameron Kelly

    9 Sep 10 at 11:13 pm

  9. investing is really good specially if you have lots of capitalization to start with.,”

  10. Moneyvidya has excellent opinion on having community of analyst and buyers.sharing stock market tips with new share holders can help them to find right shares to invest.http://www.hionstocks.com

    Nandakishore

    1 Dec 10 at 2:43 pm

  11. investing is tricky, sometimes you win and sometimes you loss. Risk takers win of course -’`

  12. “Good to know other folks also have similar observations as mine about MV.”
    How much is it true?

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    27 Dec 10 at 6:28 am

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    The exchange’s total income, however, jumped to Rs 140.48 crore in Q3 FY’10,
    against Rs 103.57 crore in the same period last fiscal, it said in a release
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    30 Dec 10 at 3:40 pm

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