Thursday, August 05, 2010

Social Networking for Investors

FINRA Warns Investors of Social-Media-Linked Ponzi Schemes. Didn't take long, did it? (We'll ignore the question of how suckers buying into schemes which "purport to offer returns of 20, 30, 100 percent or more per day" can be called investors.)

For real investors, Facebook, Twitter, et al may prove useful. See Investors are Using Social Media to Assess Advisers.

How about this suggestion:
LinkedIn seems to be the most viable target for wealth managers seeking to build their own social networks. Seventy three percent of those who use LinkedIn would consider joining groups to discuss economic and investment topics.
Has anyone had success with this idea?

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