TheStreet picks Stockpickr

By Vivek | April 26th, 2007 at 06:33 am ET         

TheStreet.com has gone ahead with 100% ownership of Stockpickr.com by acquiring the remaining 50.1% stake. Stockpickr brings the Last.fm kind of recommendation concept to the finance side of things by enabling a system that sends you automated stock recommendations based on matching your portfolio. Any recommendation you get will result from comparisons against thousands of portfolios, both professional and amateur, with a similar make-up to yours. In essence, the idea at Stockpickr is to follow the portfolio of the leaders in the market, like Warren Buffett and George Soros, instead of making safe investment in market tracker S&P500 or for that matter any index fund.

To make life bit simpler for people starting off at Stockpickr gives out the list for top/most viewed/ActiveTrader portfolios. Besides this Stockpickr had some editorial content which would get a boost after the TheStreet buyout.

Links:
Stockpickr.com