The wave of individual stock research sites invades the internet. While the subscription to sites of full-service brokerages has stagnated, and that of sites of the banks are down, the Stock picks websites attract more and more do-it-yourself individuals, and not only the amateurs investors.
Is the enthusiasm toward these stock research sites ephemeral? One wonders.So what are online stock research sites, why are they so popular among do-it-yourself investors and what are the reasons of their success now?
The reasons for this success and popularity are multiple.
Firstly, the euphoria about the Stock picks websites is due partly to an increasing number of individual investors who believe in the profit potential of these sites. These do-it-yourselfers are looking for an alternative way to invest in the stock market in order to manage personally their investments.
Secondly, the collapse of the current financial system and the burst of Madoff’s ponzi scheme, with their shares of disappointment and frustration, have certainly accelerated the success and popularity of these stock research sites, but it is, in any case, a movement felt for some years.
However, one must note that these stock investors are very familiar and connoisseurs of the new internet technologies.
Furthermore, the stock research sites benefit today from the same technologies available only to the professional institutions in the past which improved considerably the quality of the information provided. This has created, at the individual investors level the desire to benefit from these services and improve further the performance of their stock picking strategies.
The individual stock research sites, which were only complementary to the spectrum of investments tools a few years ago, have now, become the stars. Today, stock research sites are considered as useful as any other form of online investing tools.