Wikinvest offers the wisdom of the investing crowds

February 9th, 2009

Wikinvest is a free, community driven site that “wants to make investing easier by creating the world’s best source of investment information and investment tools”.

A story in today’s NTY, Offering Free Investment Advice by Anonymous Volunteers, says

“Following the model of Wikipedia, the online encyclopedia that anyone can edit, Wikinvest is building a database of user-generated investment information on popular stocks. A senior at Yale writes about the energy industry, for example, while a former stockbroker covers technology and a mother in Arizona tracks children’s retail chains.

Wikinvest, which recently licensed some content to the Web sites of USA Today and Forbes, seeks to be an alternative to Web portals that are little more than “a data dump” of income statements and government filings, said Parker Conrad, a co-founder.

Users annotate stock charts with notes explaining peaks and valleys, edit company profiles and opine about whether to buy or sell. The site is creating a wire service with articles from finance blogs and building a cheat sheet to guide readers through financial filings by defining terms and comparing a company’s performance to competitors’.”

After a quick look at the site it does look interesting. I may well be ready to trust the wisdom of the crowds over the platitudes of the pundits. The Microsoft article has a lot of useful data and lays out reasons to buy and also to sell and lets registered members vote on whether they agree or not. Of course, I thought the reasons offered on both sides were valid — rather than simple propositions their validity needs to be quantified.

For what it is worth, I note that the site is using MediaWiki. I wonder if there are unique opportunities to incorporate RDF and or RDFa into such a site, perhaps encoding or annotating their WikiData.