blog | Stockezy

Stocks and social networking are as far apart as you can imagine. But even if they say water and oil don’t mix, truth is sometimes stranger than fiction. So, when stockezy.com, a portal claiming to be India’s first social stocks investing community launched its Beta version 2.0 last week, we had to take a closer look.

Simply put, stockezy.com comprises a network of reliable opinions on the stock market, which are then studied and analysed. Based on the outlook of the users, stock market greenhorns can learn to make financial decisions.

Tushar Makhija, co-founder and CEO of stockezy.com, lets me in on the 1, 2 and 3 of stockezy.com. “My friends Nikhil Badwe, Rushabh Doshi and I were studying together at the University of Southern California when we realised just how powerful Facebook and Twitter were. It was then that we thought of helping novice stock investors in India via a format like Facebook and Twitter,” Makhija explains. Makhija declares that many people find dealing with stocks daunting, and this is one way of explaining how the market works to the layman.
You can add friends and update your status just like in Facebook.

Features include blogs, uploading images and videos from Youtube or CNN, updates from the Bombay Stock Exchange and National Stock Exchange and creating portfolios, among others.
Makhija also stresses on the need to add portfolios. “We observe the investing patterns of our user and if we find him/her to be heavily investing in just one stock we advice them on diversifying their investments to minimise risks,” he says.

Last month, in an effort to reaffirm their mantra of online networking, chat bots in various IM avatars such as MSN Messenger, Gtalk, AOL and Yahoo Messenger were launched. These services are said to provide one-click access to real-time stock and news alerts.

Read the article at: New Indian Express