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Zoodak: A Place For Investing Animals

September 23rd, 2009

zoodakDuring the last decade, there’s no doubt technology has made investing and trading strategies more powerful for independent investors.

Now it’s making things more fun.

Zoodak is a new way for traders to connect, trade, learn, and even win a grand.

Like a lot of trading contests, members of Zoodak can enter their picks into a contest. The investor whose picks outperforms the groups wins a grand. But, beyond the thousand obvious reasons, there are other reasons that Zoodak is a great place for investors to congregate.

First, the site has a friendly design and is easy to use. It’s divided into sections that include ZooTrader, ZooAnalyst, and ZooStreet. In the Zootrader section, members can select their portfolio and enter it in a contest. They can even test their skills with a practice portfolio. ZooAnalyst lets you predict where a stock is heading–up or down–and add remarks on your forecast. Your analysis is combined with the predictions of other members to produce collective predictions–pretty powerful stuff.

Finally, ZooStreet is a hub of investment information and resources.

Zoodak is just another example of how investors can use technology to sharpen their skills and connect with new ideas and other traders. As more investors become comfortable with this prediction technology and learn how to utilize it, the more they will able to compete with the trading firms–like hedge funds.

And maybe they won’t just compete… they’ll win. And that’s worth more than the thousand-dollar prize.

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  4. Lie: It Takes Too Much Time And Effort To Manage A Portfolio
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