(Investment) Power to the People Financial Service Online (02/01) Vol. 6, No. 3 p.44; Lindenberg, Gregory R.
When it comes to seeking financial advice, community
intelligence investing is fast becoming the information tool of choice
for the average investor. Today, more Americans are finding answers to
their financial questions through an emerging practice known as
community intelligence investing or "team investing." The concept
allows individual investors to pool their market information and
expertise to assist one another in making informed stock or mutual fund
picks. Although most existing Web sites do not offer transactional
services, they do permit visitors to create mock portfolios and/or
participate in mock mutual funds. Participants are ranked according to
the success of their picks over a period of time. More often than not,
investors later convert the mock portfolios into actual investment
choices through licensed brokerage services. Cash incentives and other
prizes are handed out to consistently successful investors.