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Ask HN: Review my investment website startup, StockYoyo.com

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Re: Ask HN: Review my investment website startup, StockYoyo.com

#11
I also saw your demo at the HNDC meetup last night - nice job, and kudos for being brave enough to get up in front of a room full of critics.

Some feedback:

- Without seeing the demo, I'm not sure I would easily get what the site is about from a quick glance at the home page. You have some nice wording -- "A free and enjoyable way to learn about investing" -- but it's part of a scrolling animation and doesn't jump out at you. I also don't see the word "game" anywhere on the front page. It seems like your two key themes are "fun" and "learning" and those don't quite stand out enough.

- The actual game mechanics are a little confusing - why would users actually care about being the "executive" of a company? As an investor, I might care about learning more, or being exposed to good advice, but to assume that people will be motivated to win a game just because you created it seems like an overreach.

- Why would StockYoyo picks be better than one of the million other investing sites out there? For that reason, why would it be better than the ultimate "wisdom of crowds" valuation -- the market itself?

I could imagine that one of the numerous self-managed investment sites out there would benefit from having a compelling, easy to use game where aspiring investors could learn but then also easily transfer their picks into real money when they are ready. I'm thinking of the online poker model -- a .net site to learn with play money, a .com to use the real stuff. There might be some significant regulatory hoops to jump through to get this working but I can see real potential there.

Re: Ask HN: Review my investment website startup, StockYoyo.com

#12

I'll offer feedback on the ratings system. My one gripe with your site is that the "buy" or "sell" justifications provided by your users seem weak. For example: Electric cars are pretty modern now and Tesla is one of the few companies, that really can offer some excitement to them - User Vlado If you'd really like these guys to learn about investing, you should think about putting prompts in to get them considering t…

This is a good idea. It would be interesting to see people answering questions such as: At what valuation would you sell this stock? What do you think is a reasonable P/E for this company, and why? If the company isn't cash flow positive, in what timeframe do you expect it to turn the corner?

Re: Ask HN: Review my investment website startup, StockYoyo.com

#13
As a concept I like it, and I think your implementation looks good. However the level of commentary in the Cooperative insight is really weak, bordering on completely useless. I'm not sure how to solve that, but to me that is something that instantly jumps out and greatly lowers my impression of the whole site. I realize that it is early days and you don't have many comments to chose from, but perhaps some tough curating of the comments you display is still in order.

Re: Ask HN: Review my investment website startup, StockYoyo.com

#14
I like the concept. It's light and fun and I could see how it would become addicting especially given your game mechanics setup. Are you using a third-party platform to run that?

From a marketing perspective, this might be something to pitch to high schools with finance classes. It's a bit lighter than some of the more technical stock simulations but I could see teachers using this as an intro to investing and a way to engage students. I think understanding how you're positioned relative to the heavier simulators like VSE would be valuable.

My one request would be for a demo or screenshot or something on the front end before I register. I like to see what I'm getting into before I give you my email address and create a username.

Stickiness does seem to be a challenge. I love the idea of becoming "employees" of a company based on how you predict their stock. But beyond that, I'm not sure what else there is to do. I make a pick and wait to see what happens. What do I do in the meantime?

Re: Ask HN: Review my investment website startup, StockYoyo.com

#15
post #11

I also saw your demo at the HNDC meetup last night - nice job, and kudos for being brave enough to get up in front of a room full of critics. Some feedback: - Without seeing the demo, I'm not sure I would easily get what the site is about from a quick glance at the home page. You have some nice wording -- "A free and enjoyable way to learn about investing" -- but it's part of a scrolling animation and doesn't jump ou…

Why would StockYoyo picks be better than one of the million other investing sites out there? ... My impression is the real value of this website is play versus plan. Other sites are more heavy and technical but this one is more light and fun.

Re: Ask HN: Review my investment website startup, StockYoyo.com

#16
This is the type of site that looks interesting to me, but not enough that I would register without a better understanding of how it works/what are the benefits. I think you need one of those quick video demonstrations, on the front page to better describe it and walk a new person through how it works.

Re: Ask HN: Review my investment website startup, StockYoyo.com

#18
Great idea - trying to get my feet wet with stocks again (Played with them briefly, with minor profits during school) and this seems like a fun way to give it a go.

Curious: what do you use for email notifications for signups and other transactions done on the site?

Re: Ask HN: Review my investment website startup, StockYoyo.com

#19

The Motley Fool has a similar system called CAPS, except that their system is structured around outperforming the S&P 500 index. I like their approach a lot, because it reinforces the oft-forgotten idea that if you're losing to the S&P 500, then a passive investment strategy would have suited you better.

And, really, since your competition is The Motley Fool CAPS system, and you are several years behind them, you would be wise to take a look at how they've implemented their system to be conducive to learning about investing to help yourself differentiate. Off the bat, I can name several things:

- their "outperform"/"underperform" ratings are not absolute, but relative to S&P 500

- they provide easy access to SEC filings (quarterly and annual financial reports, etc), along with statistics (this is important if your goal is to encourage anything resembling security analysis)

- they have a wiki dedicated to translating financial jargon

- they periodically write articles introducing beginners to differing financial topics, such as fixed income investment, investing for retirement, investment philosophy, etc (i'll purposefully avoid commenting on the quality of any of their articles)

- they have a comprehensive stock screener (with a bug or two, in my experience, but still fairly worthwhile)

Re: Ask HN: Review my investment website startup, StockYoyo.com

#20
post #11

I also saw your demo at the HNDC meetup last night - nice job, and kudos for being brave enough to get up in front of a room full of critics. Some feedback: - Without seeing the demo, I'm not sure I would easily get what the site is about from a quick glance at the home page. You have some nice wording -- "A free and enjoyable way to learn about investing" -- but it's part of a scrolling animation and doesn't jump ou…

I made the comment at HNDC last night that "Are crowds wise? That's arguable. But it definitely moves in herds."

The value of a well executed stock "betting" game is that, since what is being wagered is of little or no value compared to an actual market position, the herd may reveal it's intentions in the game before a similar movement is noticeable in the actual market.

For this to to be true, though, two necessary, but by no means sufficient, pre-conditions need to be satisfied: a sufficiently large and well-informed herd; playing a game that maintains the proper balance of care-free (not too much at risk) -vs- care-full (enough is at risk) gameplay.

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