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Welcome Collaborate Business Ideas A website for teens to rate each other’s stock portfolios and provide feedback

  • A website for teens to rate each other’s stock portfolios and provide feedback

     Cheryl Nguyen updated 1 week, 6 days ago 9 Members · 18 Posts
  • Anthony Stewart

    Member
    August 26, 2020 at 4:18 pm

    I’ve had this idea for a while but not yet gotten around to actually building it. Essentially, it would be a site where you can post what your current or planned stock portfolio is, and then the other members could tell you their thoughts on it and offer advice or suggestions. Obviously it’s pretty niche, but I think there are enough young people wanting to get more into investing that the idea is feasible. Is this something you guys would potentially use if it was made? Any suggestions for it?

  • Noah Richardson

    Member
    August 26, 2020 at 5:00 pm

    I’d for sure use something like this. I’m not a heavy investor but it would be nice to get second opinions on my picks, and I think there’s a lot of other people out there who have a similar attitude.

    • Anthony Stewart

      Member
      August 27, 2020 at 5:42 pm

      Much appreciated, I agree I think there’s a big potential market for this.

    • Vijay Gupta

      Member
      August 24, 2021 at 8:49 pm

      I second this opinion. Not a hardcore investor but would be cool to have an option like this for when I occasionally want advice or opinions.

      • Noah Richardson

        Member
        August 28, 2021 at 12:09 am

        Yup, well said. One thing though is that it might not be very sustainable if users like us are only coming back every so often. You’d either need a bunch of users or more ways to keep it engaging and keep people coming back.

      • Cheryl Nguyen

        Member
        September 3, 2021 at 6:43 pm

        Agreed. Although I don’t think it’s the end of the world if people only come back so often; as long as there’s some notion that they’ll return in the future, users will keep you in mind and maybe even recommend you to their friends. Create the prospect of recurring value and you’ve got a long-term customer.

  • Zach Stevenson

    Administrator
    September 2, 2020 at 10:37 pm

    I would definitely check this out if you built it. Lmk if you need any advice on developing or marketing it, would love to hop on a call and give you my two cents.

  • Samar Moussa

    Member
    September 3, 2020 at 6:25 am

    What a coincidence! I had a somewhat similar idea. Your idea is good however not many teens trade, I think even you must be 18. I thought of making a learning platform where investors can share videos of their strategy, share their thoughts, and host classes (this would avoid the countless scams). However, where I run short is that the platform would look too much like tradingview.com (besides the video part).

  • Anthony Stewart

    Member
    January 24, 2021 at 12:25 am

    Just circling back to this now as I haven’t done much to start working on it yet; do you think this could still work? I was thinking I could add things like crypto insight/advice since that sector is so popular right now, along with what I’ve already had planned. I like the idea in general, I just want to make sure that people would actually be coming back and logging onto the site.

    • Zach Stevenson

      Administrator
      January 25, 2021 at 11:26 pm

      Still definitely think it could work, and I think the crypto idea is actually great. Also, looking at what’s happening with Gamestop stock going viral on Reddit, there’s clearly a demand for social trading/advice. As long as you make it sufficiently social and interactive, the issue of getting people to naturally return should be minimal.

      • Anthony Stewart

        Member
        January 28, 2021 at 4:36 pm

        I was thinking about that earlier today too- with all the frenzy going on right now, a dedicated place to discuss it all would be great, especially since so many of these retail investors are young people. Appreciate the input.

    • Ishaan Patel

      Member
      January 26, 2021 at 1:20 pm

      For sure could work. I’d get focused on creating the core of the site, then you can add more features/sections as you go. Once you get building you’ll be able to make better calls on what is needed and what is just wasting your time.

  • Cheryl Nguyen

    Member
    August 2, 2021 at 9:19 pm

    I think you could make this even more viable by adding functionality outside of just stocks: think crypto, other assets, etc. Stocks on its own has a pretty dedicated community to it, so add on a few more circles and you’ve got a sizeable user base.

    • Anthony Stewart

      Member
      August 8, 2021 at 9:57 pm

      Stocks and crypto seem like two great ideas: both dedicated, sizeable followings. I think it might be good to keep it at that, though, at least in the beginning; the larger the focus, the less catered experience I can provide to the users.

    • Julia Slover

      Member
      August 12, 2021 at 10:01 pm

      Also more niche things like NFTs, shorts, etc. Build niche but dedicated subcommunities and you’re set with this.

      • Jabari Toure

        Member
        August 18, 2021 at 11:06 pm

        Agreed. Would definitely join a community to learn more about NFTs and such. I think you can have an educational aspect just as much as a collaborative one.

      • Anthony Stewart

        Member
        August 22, 2021 at 3:12 pm

        How would you build a community around NFTs though? I like the idea but is there anything beyond just the current hype that could create a sustainable ecosystem around it?

      • Jabari Toure

        Member
        August 24, 2021 at 5:17 pm

        Short of having a marketplace yourself, I think it could be pretty easy to have a space where users can share links to ones that interest them or even promote their own creations (if you’re okay with self-promo). And also to just discuss the future and potential of the area.

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