Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next
Author: bigbenjamins2 Two stars, 250 posts CAPS All Star Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8091  
Subject: My Initial Thoughts on CAPS Date: 7/5/2006 3:54 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 9
First off, I would like to say that I think that this is an incredible idea. Of course, there will be some significant ramifications to this project, the biggest of which may not be easily anticipated. I will do the best I can to try to figure out ways in which people could use this "game" to manipulate the real stock market, as I have a natively devious mind and enough gumption to understand the boldness that is often incited by greed, but I choose to use my powers for good instead of evil. Anyway, I am going to be spending a lot of time thinking about this game and, of course, playing it. I immediately have a few suggestions.

#1- I think that the social networking aspect of this game should be bolstered a little. People should be allowed to create teams, so that people who do not enjoy competing on an individual level can compete on a team level. These teams could be compared to mutual funds, so that a group of coworkers or friends could create their own mutual fund. People could also identify themselves easily into groups such as "retired veterans" or "young executives" and compete on a social level. I also think that a blog feature could be very useful. It would be nice to be able to continually update people on my thoughts on my performance, how my thoughts have changed, and what I think about future opportunities for my selections.

#2- Insert real mutual funds into the mix. The Motley Fool is all about how ordinary individuals can outperform the professionals, so let's throw some professionals into the mix and prove that many of us are outperforming them.

#3- Create the best user interface that TMF has ever seen. I like the current user interface, but I think it could use some more work. I will continue to look at this issue and provide more feedback when I have given it a lot more thought. One of my biggest problems with TMF site in the past has been difficulty with getting the right search results. Perhaps there is some way to improve that.

#4- Get ready to manage PR like never before. If properly managed, I believe that CAPS could introduce a much younger audience to the Motley Fool and introduce them to the joy of investing. If proplerly pitched, I think TMF could project itself as being on the cutting edge of personal finance, and a lot of big publications love to run stories along the lines of "here is what one big, stuffy industry is doing with technology to make itself cool and relevent again."

#5- I would love to be able to use this program to test multiple investment strategies. I am always coming up with ideas for new strategies and would like to test them in the real world. For example, a new major shopping complex opened near me, and many of the businesses that opened were publicly traded companies. I really want to see if investing in only those companies would produce above-average market returns.

I think that CAPS will transform the Motley Fool forever. I think it's a great idea that will significantly change the investment world. I have no doubt that playing CAPS will shape and transform many lives, some dramatically. I also think that it is coming at a great time due to all of the Web 2.0, revitalization of the tech industry buzz that is going around. I hope you guys are buying bigger servers!
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (2) | Ignore Thread Prev | Next

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement