WHAT ABOUT US LITTLE PEOPLE??
I am one of the hordes of new lay investors, the little people with just a few thousand dollars, who have jumped into the stock market in the past year. We know as much about the stock market as a redneck knows about enlightenment.
I am sure I am speaking for a sizable number of small investors when I say that today in the investing media universe, there is not a single joint, including Seeking Alpha, who can make investing for lay people easy to understand.
That is one of the main reasons why I am not jumping in and subscribing to Seeking Alpha. $400 a year for a little guy like me is a lot of money.
THERE IS JUST NOBODY OUT THERE FOR US!!!!!!!
Other than online discussion groups and forums, there is nothing on the net today that serves as a kind of Wikipedia for investors. The only online media entity I know of where I sometimes go, to ask stuff like “What is weighted alpha”, “What does TTM stand for” is Investopedia. If it had a Wikipedia-like format and more extensive encyclopedia, I would pay the $400 you ask for an annual subscription.
Right now I find no incentive in subscribing to your outlet. You are like Investing.com, Zacks, etc - no worse, no better. Your contributors tout stocks that bomb just like all the others. I do not wish to base any stock investment decision on an analyst/contributor’s article in your portal. Chances are high that he or she will be biased even if he says he has no interest in the stock he is writing about.
I and a thousand other small investors, we are looking for a Wikipedia-like knowledge base that also functions as a news site like you for which I am willing to pay a subscription fee if required.
Of course, one can gather more detailed knowledge by joining a course but who has the time for that? We are working two jobs at a time.