WikiInvest Here To Save The Day? Doesn’t Sound Like It

by Jason Wilk on October 9, 2008

  • Wikinvest Wire takes high traffic financial blogs and syndicates their headlines across a network of related WikiInvest articles, other blog posts, and potentially mainstream media sites writing on similar topics.
  • WikiInvest is the Wikipedia for financial news, giving readers an in depth look at topics and news not found in everyday mainstream financial sources.
  • With their ‘blogwire’, they hope to help content creators come together on related topics to help investors make rash markket decisions in the bad weather.
  • Two Questions:
    • By having relative links to other sites at the bottom of my blog, won’t I stand to lose readers?
    • Thanks for the potential traffic help, but will the traffic I send out to other blogs ever have a chance to be monetized?

I dont think it is relative info that everday investors need help with, its intelligent stock picks in this bad market. Places like Covestor need to become more mainstream (if their site was easier to use), so that we don’t have 2M viewers a day watching Mad Money. Its better to pay attention to multiple people’s portfolios who aren’t on television, because those are about as reliable as ESPN’s pick of the week.

TC

[Post to Twitter] 

Tagged as: about, blog, Blogging, blogs, creator, decisions, espn, financials, hope, investors, link, links, Media, monetization, monetize, Money, network, reader, Reliability, television, traffic, weather, Wikipedia

  • I disagree that everyday investors don't need help with 'relative info'. If all they needed was an intelligent stock pick, covester would be great - but I think the entire premise behind covester is misleading. If there are enough members, there is no reason to think that there won't be star performers that you can then copy. I'd need an analysis on the returns vs. risk of those whose portfolios track others to be convinced.
  • Hey Jason, I am one of the founders of Covestor. Your comment is spot on. Any suggestions for making the site easier to use would be very welcome.
  • jason
    @ Parker. Im only adding questions to your FAQ section.
  • Hey TinyCrunch - in response to your skepticism on traffic: most bloggers have an average of ~ 3 pageviews per visit. This means that users usually view a small number of pages on your blog, and then they're gone. So readers are already clicking away from blogs to elsewhere on the web. Wouldn't you rather they leave via a channel that sends other users back to you? That's what the Wikinvest Wire is... it's early so far, but almost all our bloggers are seeing an increase in visits and pageviews as a result of joining the wire, not a decrease.
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