With recession looming and the markets on a slump stock picking takes on a complete new avtaar. In fact stock picking finds great meaning in social networks and MoneyVidya.com is one of them. The social stock picking community is designed exclusively for Indian investors and traders. Though MoneyVidya.com has not been officially launched (currently an alpha release) the team plans on engaging users via invitations only. The site is now open for testing. The CEO Gautam Kshatriya believes in generating “great content created by knowledgeable and enthusiastic traders and investors” before they go live to the masses.
The main attributes for MoneyVidya.com users are:
- They can make stock picks gain credibility
- They can find stock picks that suit their profile
- They can even connect and discuss stocks with members
- They will only interact with credible tippers.
- They can compare investment techniques
The best part is that MoneyVidya.com will help users run a thorough scan on every stock in turn saving themselves from devious sources who tend to manipulate stocks by offering false information. The concept seems interesting but is not unique with existent players like MoneyControl.com, StockEzy.com and Stocksbuddy.com, which have been offering social investing services.
The main concern is revenue generation. With VC’s weeding out social networks how does Gautam Kshatriya and the MoneyVidya team plan to monetise the same? Plus with MoneyControl.com dominating the financial space how will MonetVidya.com and others find a niche?
Well we will have to wait for the answers. Till then keep checking these pages for more news on the Indian online and telecom industry.
3 Users Response In This Post
Very true. Without any VC interest how do these websites plan on surviving?
with so many competitors money vidya must fasten their seat belts and add some nitro to their activity
It looks like @geogaddi has been playin a lot of NFS. Btw wat does geogaddi mean?
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