Social computing, web2.0 business

Adding to my two previous entries this week, this is a nice example of where the next wave of the web is heading!

FT.com / Entrepreneurship - Covestor plans internet revolution

“Everyone knows someone who is really good at investing, and you just wish you could invest when they do,” says Mr Blacher. “But most of us are not that active in managing our portfolios when we have shares. We end up just holding on to them, when we should be selling.”

“You have to take anonymous advice based on a track record with a pinch of salt,” he says. “It is on par with getting investment advice from your brother-in-law or a neighbour. It could be the source of some good ideas, but investors should still vet them.”