New Social Media Tool Cuts Through the Noise of Investing Sites
MarketConsensus.com gives average investors a simple way to run their investing strategy by their peers
“Unlike social investing sites that predominately cater to high-frequency investors, MarketConsensus.com is geared toward the broader investing class,” said Ogbe Airiodion, founder of MarketConsensus.com. “Our potential audience includes the millions of individuals who are interested in the financial markets – essentially the 99 percent. Often, this group of investors lacks access to the sophisticated algorithms and computational tools available to high-frequency investors.”
Using the site’s innovative yet easy-to-use platform, individuals can poll other investors to gauge whether they would make the same buy, sell or hold decision. For example, with a few simple mouse clicks, an investor can ask, “Is Google a sell at my $745 target price?" This direct polling option is especially helpful to individual investors who might not have time to constantly monitor the stock market but need to quickly find a consensus opinion that supports their investing decisions.
The website follows an economic theory that financial markets are generally dominated by human behavior and expectations instead of objective or fundamental data. As such, the site’s greatest features are its simplicity and ability to help any investor gauge market sentiment about taking action on a stock at a particular target price.
“We're not trying to reinvent the social investing wheel," Airiodion said. "We are just leveling the playing field by providing a tool for the broader investing class. It's about you and your ability to drive conversations centered on your own investing choices."
MarketConsensus.com is not an investment advisory platform. Rather, it functions as a sounding board for individuals to connect with other investors regarding their decision to buy or sell a stock at a particular price, with the additional option to network and share ideas with others.
Check out MarketConsensus.com today to see what the buzz is about.