Wikinvest I thought looked like a pretty cool concept when it was announced. A place for investors to research stocks, contribute and swap ideas as well as track their own performance.
Kind of like an improved version of the Motley Fool CAPS game.
The site has a decent GUI, but lacks a cult of personality of page that might keep users engaged and able to communicate with each other. While the site does reward you with a status based on the amount of contributions you make, I don't know if that's enough of a carrot to keep people engaged. There's no real central home, where you can meet uop and see what people are doing. It feels more like a tool, than a community.
It also only syncs with certain brokers, so for many the portfolio tracker option isn't viable.
That option didn't appeal to me anyway so I didn't try it out. The watchlist function while not too sophisticated isn't too bad though.
unfortunately wikinvest might have been counting too much on user driven content. Many stocks have no contributed information at all and even many of blue chips have very dated/incomplete info that looks to have only come from wikinvest staff.
Still there is quite a few decent articles and primers and it's not a bad place for beginners to get a feel for a variety of different markets including surprisingly commodities.
the main issue seems to be a lack of critical mass of users. Don't know how or if they can fix it, but until/unless that happens the site will never live up to its' potential.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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