Surge Of Online Stock Picking Services

The wave of individual stock picking websites invades the internet. While the subscription to sites of full-service brokerages has stagnated, and that of sites of the banks are down, the stock picking services attract more and more do-it-yourself individuals, and not only the amateurs investors. Is the enthusiasm toward these stock picking sites passenger? One wonders. So what are online stock-picking services, why are they so popular among do-it-yourself investors and what are the reasons of their success now? The reasons for this success and popularity are multiple.


Firstly, the euphoria about the online stock picking websites is due partly to an increase number of individual investors who believe the profit potential (promises) of these sites. In addition, these do-it-yourselfers are looking for an alternative way to invest in the stock market, to manage their own investments and to get investing information.
Secondly, the collapse of the current financial system and the burst of Madoff’s ponzi scheme, with their shares of disappointment and frustration, have certainly accelerated the success and popularity of these online stock picking sites, but it is, in any case, a movement felt for some years. However, one must note that these are new stocks investors, very familiar and connoisseurs (more at ease with the use) of new technologies of the internet, who are interested henceforth and discover the stock picking thanks to the internet.
Then, technically the individual stock picks enjoy today of the same technologies available only to the professional institutions in the past... The quality of information and the rapidity of access have furnished something considerably more qualitative. This control of the technology - particularly the internet, has created, at the individual investors, an awareness of the need to improve further the performance of their strategies of stock picking.
Finally, the individual stock picks websites, which were only complements to the spectrum of investments tools a few years ago, have now become the stars. Today, stock-picking websites are considered as useful as many of online investing tools - such as professional advices and analysts research reports - They can help individual investors make better investing decision and gain experience and return in stock investing.

Christian Bayonne is a do-it-yourself investor, who has been investing in stocks for the last 10 years. He is also the co-owner of the site http://www.stockonrise.com .