The biggest benefit of joining an investment social network like Investor Village is the chance to tap into the collective wisdom of people who are serious about investing. Members are not all experts, as the Investor Village user agreement asserts, but they are actively engaged in identifying emerging markets and pinpointing stocks with the most growth potential.
Since Investor Village is for paying members only, it isn't a popular target for spammers, phishers, scammers, flamers and other message board annoyances. The average Investor Village user is older, affluent -- and hopelessly addicted to the Web site. According to the Web analysts at Quantcast, 87 percent of Investor Village members are male, 85 percent are 35 years of age or older, 62 percent make more than $100,000 a year and a core 45 percent of members drive 91 percent of the traffic [source: Quantcast].
The kind of person who would benefit most from a membership to Investor Village is someone who already spends a lot of time researching companies and studying market trends for personal investments. For this type of person, a social network like Investor Village provides an excellent sounding board for new strategies.
Another benefit of Investor Village is that other members can turn you on to stock picks that you may have never considered otherwise. Perhaps you post a message about what you feel is an underexplored sector of the market, like mining companies. Another member might post a reply recommending some mining companies that he's been following for several years. Now you have a head start on your own research.
Ultimately, one of the greatest benefits of Investor Village is that it provides a sense of community and camaraderie with other investors who are looking for ways to turn a profit during an unprecedented global financial crisis [source: Bogoslaw]. Members can share the excitement of beating the system together -- finding the small niches of the market that are still growing and scoring big.
For lots more information about investing and the stock market, follow the helpful links below.
Related HowStuffWorks Articles
- Bogoslaw, David. BusinessWeek." Social Networking Hits Investing." August 21, 2007 (June 15, 2009)http://www.businessweek.com/investor/content/aug2007/pi20070820_780840.htm
- Investor Village. "User Agreement"http://www.investorvillage.com/UserAgreement.asp
- Quantcast. "Investor Village" (June 15, 2009)http://www.quantcast.com/investorvillage.com
- Shell, Adam. USA Today. "Stocks fall to lowest level since 1997 as Dow drops below 6,800." March 2, 2009 (June 15, 2009)http://www.usatoday.com/money/markets/2009-03-02-stocks-monday_N.htm
- U.S. Securities and Exchange Commission. "Pump and Dump Schemes." (June 15, 2009)http://www.sec.gov/answers/pumpdump.htm