Another good idea

“Making more money” is probably right at the top in the popularity charts for pretty much everyone on this planet. And there are perhaps as many schemes to make more money as there are people on this planet. Though it’s obvious that out of the six billion odd such schemes, only a few seem to work most of the time.

The world of stock markets is one of those “get rich quickly” worlds. Though of course, what takes you up quickly, also has the potential of pulling you down equally quickly as well. And this is where the concept of stock tips come in. A concept on which the entire community of stock analysts thrives and earns a rather sumptuous livelihood.

Traditionally the interaction between consumers and analysts has been more of a one-way, compartmentalized communication. With a consumer having to select a particular wealth advisory and management firm, and that firm then deciding which relationship and wealth managers to be assigned to this customer. While this methodology has its own advantages, a “stock tips broker” kind of online website makes a lot of sense to give this analyst/consumer interaction a new feel.

One such online website is Hi On Stocks @ http://hionstocks.com/w/home.aspx. This provides a good platform to the freelance as well as professional analysts to earn money by offering their services of providing stock tips, and consumers obviously stand to gain money if those tips work out for them. To understand simply, it’s a kind of magicbricks.com or makaan.com, except that in this case the buyers and sellers are not dealing in properties, but in stock market tips.

Quite an interesting concept actually, as consumers are not bound to any specific wealth management firm and instead can pick and choose from amongst all those analysts who wish to provide their recommendations. And at the same time, analysts make money everytime their recommendations deliver the goods.

Definitely worth it.