April 2010 Call

TOP CONTRIBUTORS

Pcushing

Date / Time

Morning Call

• Thursday, April 15th at 10am PST (Pacific Standard Time US) or, in other timezones:
  • 7pm MET (Middle Europen Time, i.e., UTC+1)
  • 1pm EST (Eastern Standard Time US)
  • 10:30pm IST (Indian Standard Time)
  • If you're looking to convert, please use World Clock or message me

RSVP

• Able to Attend: Patrick, J.B. Schag, Hermann, isayel
• Unable to Attend:

Evening Call

• Thursday, April 15th at 8pm EST / 5 PST

RSVP

• Able to Attend: Patrick, David, John
• Unable to Attend:

Agenda

Our agenda will be centered around Wikinvest's new portfolio demo.

Call Notes

Here's the recap from our morning call. Please feel free to add additional comments to the list, or, correct me where my notes may have misconstrued your comments.

• Isabelle
  • Needs to have tools that make it easy to share the portfolio, or a watch list comprised of (for example) industry-specific stocks. She would be interested in adding a tech-focused watchboard to a blog or something similar, not necessarily her own holdings.
  • Biggest issue with the current product is it's U.S.-focus. International investors should be able to add international stocks to their watchlist, at least.
  • If you go the competition route, you really need to focus on ways you can be different than existing players in this field.
  • The registration process is really important, and tools like FB Connect can help immensely in making this easier.

• J.B.
  • Is looking for the ability to share views of a portfolio with friends or clients
  • General question of how to incorporate long-term investing focus into a platform like this so people can monitor strategic goals? How to have a global investment plan?
  • What are premium services you can offer in this environment?
  • Contests would be extremely interesting to allow student investment clubs to participate, share their findings
  • How do you use a tool like this to get people to _want_ to contribute?
  • Down the line, there's the potential to offer a Roulette-like service where traders can chat with each other / discuss their approach in real-time video.
  • Would like the ability to add his own, custom columns with data derived on his own

• John
  • Wants some way to see what other investors are saying about the investments in his portfolio. Recent contributions, bulls / bears, annotations, etc.
  • If possible, he'd be great to include all of the fundamentals data we have as options for the customized views. Certainly wants to see Free Cash Flow data as a value investor.
  • Really likes the seeming ease of functionality with integration, redesigning your views. Certainly reminds him of Finviz.
  • Similar to the Roulette comment, wants to know how to best integrate peer reviews of investment philosophies, much like Seeking Alpha.
  • Would want to be able to add stop/loss for his investments, with alerts.
  • He'd also want to see the debt side of investing (if possible) as bonds make up a lot of people's portfolios.
  • All of these tools are already available to him as a professional, but not necessarily the everyday investor.
  • Red/blue and sustainable data aren't important to him as a professional investor.
  • Would love to see backtesting added, similar to Finviz' ability to do this back to ~15 years.
  • he's not worried necessarily about the large volume trades, but the small volume ones.

• Hermann
  • Would like to see more data included in the customization options like ROI, Free Cash Flow Growth, Growth of Shareholder Equity, Free Cash Flow, etc.
  • Really interested in the movement of investors in and out of his investments from fellow wikinvest users as well as insiders, institutional, etc.

Recap from the afternoon call:

• David -- uses interactive brokers
  • wants something that's going to pull him away from his day-to-day to notice unusual things in the market
  • all alert types are important (price, news, volume, etc.)
  • interested in a variety of widgets he can add to his desktop to follow these things throughout the day
  • on the earnings front, he'd like earnings information about his portfolio as well as earnings for the general market that day
  • would also be really interested in topic news so he could follow developments in china, israel, etc.
  • real-time chat would be interesting so users could express their point of view of holdings
  • other opportunities for person to person communication might be seminars
  • don't lose the encyclopedic base that this all started from

• John -- day to day trading is not quite as important to him as a value investor
  • the most important alerts are the trailing stop / loss alerts so he can review his position and decide whether or not to make a move based on the price change
  • would like to see a connection between users for things like investing seminars on certain topics using WebEx
  • would like to see a better link between community activity (recent changes, bulls / bears, etc.) and portfolio holdings
  • Additional feedback via email:
    • tie this new tool directly to the wikinvest articles, commentaries, etc. each day.
    • backtesting can be valuable to the data driven investor
    • links to Finra.org, emma.org, SEC.gov, NASDAQ would be very helpful for the investor who wants deeper lines of access to direct info; also Bloomberg
    • stop/loss signals and programs.
    • A premium service for a substantial fee may, or may not, fit into your business model.