Good Move for WSO? Investing Idea Platform
Dearest Primates -- 2020 was a record year for WSO (on all fronts), but we don't want to rest and are thinking of new ways to bring more value to the WSO members while also helping us in our next leg of revenue growth.
I was thinking that daily newsletters are a bit overdone, but as I did more research and I have had ~20 discussions with a lot of creators that have investing newsletters (and other creators talking about investing or the markets on platforms like YouTube) that are well respected, I thought there might be something there. (not the blowhards with no financial background screaming to put all of your portfolio in crypto, GME or Tesla and couldn't tell you whatis)
WSO Alpha Platform?
There are great platforms like Value Investors Club and SumZero that either require you to submit long writeups or pay $+ to access the ideas. Not that it is too hard to get in, but I thought what if WSO was able to create something similar, but more heavily curated (ie fewer ideas...say starting at 5 each month on avg, but also on average much higher quality) but priced at a much lower "B2C level" (say $19/mo for students or $99/mo for professionals) that makes it accessible to a much wider demographic.
So like Seeking Alpha with a Higher Bar?
I think this would be very similar to Seeking Alpha, with one key difference, we'd only let the most well thought out research and best ideas through (so a much higher filter). If we paid out between $1-3k for each idea we chose to feature, I think we could source some great ideas. The hard part would be creating a board to review all of the ideas and voting platform on what they think is the best (weand analysts from top funds to help us with this process).
If people submitting the ideas didn't want the $ or it was too low for them to care, it would still be valuable to be featured/picked in a given month for more exposure/cred (so some of the super high quality paid newsletters may decide to share their research with WSO to try and drive more subs their way, for example).
Am I Crazy?
Thoughts? It's kind of exciting to think of how high-quality the ideas we could source as a community and make available for such an insanely low subscription (equities, credit, special-sits, long/short, etc.) -- I think the key element is the quality of the analysts that would help us review the ideas.
Obviously, this is not an easy undertaking and I'm sure I'm missing something, but figured I'd throw it out to the WSO community so that you guys can tell me what I'm missing and why it wouldn't work (or if you'd be in) :-)