How accurate are your 'neighborhood uncle' stock tips?
Aunties too, if you know any.
Hello readers,
As part of my personal vision to increase literacy and due diligence in the participants of financial markets, I will be analyzing the effectiveness of the stock tips of the typical non-professionals.
I will be collecting 30 calls, as statistically it is sufficient to aggregate a normal distribution, from a discussion group from Facebook. I will try to be as objective as possible subject to a few selection criteria:
Callers are non-professionals as far as I know of
There is approximately 1 month historical data collected in the beginning so as to expedite the collection process.
Calls with obvious short time frames will not be collected (Example: Target to close short position in 1 month)
Vague calls will not be collected, such as "I feel this might go up"
Regardless of original caller's position, be it open or closed, data will be collected on it for a year.
All calls are weighted equally, regardless of share's market capitalization or original poster's holdings.
Example:
As of date of creation, the current data looks like this:
The project will be deemed complete when all 30 stocks are filled up and a year has elapsed from the last added call.
Stay tuned for updates!