Socialpicks.com - Invest Smarter Together

SocialPicks is the facebook for the stock brokerage crowd. Members are assigned rankings based on the average return of the stocks selected, the accuracy of picks (gains need to be above 0%), and the quality of brokerage analyses. These rankings can then be used to compare members to one another. In addition, SocialPicks tracks the stock picks of industry titans, such as Warren Buffet, and major financial bloggers. SocialPicks also provides a forum to share investment ideas and market research, with the assumption that as a community, members can better understand the market to make informed decisions.

“SocialPicks is a community for stock market investors to share investment ideas, exchange market research, and track peers' investment performance. SocialPicks also tracks picks by gurus (e.g. Warren Buffett & Jim Cramer), professional analysts, and various financial bloggers so you can see how well you perform against them.”

Social networking is already a success among college-aged crowd for social purposes, and among professionals for employment purposes, why not among brokers for taking stock trading to the next level? Plus, the idea that you can achieve better results as a community rather than as an individual has potential to succeed in the brokerage world.

How much information will brokers want to share? How much time and effort will brokers with more experience actually put into the site? It seems like those willing to put in more effort will be those with relatively less experience.