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"Stockezy" social network for investors: Can it be as popular as Twitter and facebook?

Created by : Archana Singh, Relationship Executive, ICICI Bank  | 11 11 2009 10:56:02 +0000
Industry : InternetFunctional Area : Equities(Markets)
Keywords : investment stock share market micro-blogging online networking stockezy
Activity:  274 views;  last activity : 07 06 2010 20:18:09 +0000

Indian investors are going online these days. Stockezy has created an online Social Investing site in India as it looks to attract users from other social networks to its Stock based Social networking portal. Stockezy provides an alternative in form of social networking and micro-blogging services to connect like-minded stock market participants in Indian Markets providing services for users to evaluate their financial acumen and garner Investing knowledge.

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Stockezy houses a stock based social networking service where users can mingle with other participants & make friends in stock markets. Users are also allowed to follow influential investors. Fo this, it is using Facebook and Twitter-like Services. But Is this the right way of using the features of any other site just to attract users from other social networks?

  
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I am not much of a participant in social networking sites.  It is only toostep that I spend a fair amount of time.  I have been considering - if time permits - that it may be worthwhile to spend some time on the social networking sites. So from a neutral, I am beginning to turn positive. 

Investment sphere can absorb information from whatever source it may be available.  Decision making, however, is individual.  A decision maker should give weight to expertise.  Theme based networking sites introduce an element of compeitition - an urge to share one's views.  It becomes easy to find out who is blabbering and who has some strength, in such an environment, for we not only have one post but a series of posts from that individual to evaluate. 

Once we are able to allocate weights on espertise to an individual's post, there is nothing wrong if we take his/her advice on a matter we are not aware of substantially.  Such filtered input of expertise will help an investor.  But one should always remember the golden rule - take advice from an expert only on a topic where he is an expert but not on a topic where he is not. 

I would say that it is better to interact in a niche networking site when it comes to stock market operations. 


By SR Sham Sunder, CEO/MD/Director Technoaid  11 16 2009 07:12:26 +0000
 
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there are other loads of similar website i can Give few names If some one needs ...

 

but this site is pure copy of one to sites i have Seen ... and is damm famous ...now i am confused who has copied Whom


By Chirag Kabani, Technical Analyst , askchirag.com  11 12 2009 17:53:25 +0000
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Hi Jyothi, this is Tushar Makhija, Co-Founder and CEO of stockezy.com.

I value your comments but would like you to allow me explain more about stockezy.com. Stockezy is a social investing community. A social network to connect Indian Stock Market Investors. A platform for them to share ideas, collaborate and work together to invest better. Stockezy is not a 'copy' of facebook or 'twitter'. Yes we are a social network, just like Facebook, Orkut, and LinkedIn. Being a Social Network is not Copying Facebook. Hope you will agree to this. We have a niche area of concentration and niche Target audience, the Indian Investor, someone who is already investing, may want to start investing, or learn to invest better and is looking for genuine insights from like-minded people.

LinkedIn is a niche social network only for professional side of the human social life, similarly stockezy is a niche network only for investors, and stock market enthusiasts. I think moving forward 'niche' networks will form a bigger part of our social life as we become more selective and concentrated in our interests and activities.

Now somethings more about stockezy.com

We also have a micro-blogging tool which allows investors to discuss daily market events in short 140 character messages. Twitter borrowed the 140 character concept from SMS, we borrowed the online micro-blogging concept from Twitter. I do not call this copying, I call it - Building a Social Eco-System. 

I would request you to spend 5 minutes to explore  http://stockezy.com/ we have many interesting features like -

Stock Picks, Opinions, Portfolio Tracker - Question and Answers, all connected via the principles of social networking.


Best Regard,

tushar makhija

tushar@stockezy.com
By Tushar Makhija, CEO & Co-founder, Stockezy.com  | 11 14 2009 10:46:14 +0000
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Hi Paresh,


Stockezy is very much different than moneycontrol.com. At moneycontrol the content is published by Editors, Journalists and Analysts. At Stockezy the content is generated by the common investor. Stockezy has enough user-generated content in the form of stock picks, opinions, market insights, comments, questions & answers etc.

We are looking to aggregate the collective wisdom of the community, connect like-minded investors, who can help one another make more informed and educated financial decisions. In short stockezy is not a stock market portal, it is an online social investing community.

 

Best regards,

tushar makhija

tushar@stockezy.com
By Tushar Makhija, CEO & Co-founder, Stockezy.com  | 11 14 2009 10:42:13 +0000
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Nothing wrong in it, Jyoti!  In fact, investors need to network for bettering their knowledge.  It does not mean that the IP of other sites need be infringed upon!!
By Nagarajan Narayanan, Cost Accountant, Cost Accountant  | 11 12 2009 05:17:01 +0000
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Sounds very interesting. 
By Pierre Pienaar, CEO/MD/Director, Xcellence Wealth Creator  | 11 11 2009 13:22:18 +0000
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Anything is fair is business. When you need to do business, you need to follow what the already successful people have done. So,what is wrong is adding already successful network's features? Everyone wants to attract customers from its rivals. Stockezy is also doing. What is wrong in that?
By Archana Singh, Relationship Executive, ICICI Bank  | 11 11 2009 11:19:33 +0000
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I dont think, it will be as popular as Facebook and Twitter-like Service For Indian Investors. Stockezy provides services for users to evaluate their financial acumen and garner Investing knowledge. For that there are good links like moneycontrol.com, valueresearch.com are already present.
By Paresh Dhembare, Area Sales Manager, ICICI Bank Ltd  | 11 11 2009 17:53:18 +0000
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It is purely unethical. When one starts a business, he needs customers, but just to attract other's customers, copying their features is just stealing. To be unique, one should have something different not copy-paste of others. Also, Twitter and Facebook are popular among users because they have many other features other than just investment interests because of which people of all the sectors like to come there. But having only investment as main centre "Stockezy" may be a success for sometime but not for long run.....
By Jyoti Rath, Sr. Associate, Barclays  | 11 11 2009 11:47:49 +0000
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