One Way to Improve CAPS
CAPS is an awesome tool and is one of the most effective tools I have used to improve as an investor.
However, as many have commented, it does not seem to receive as much attention these days. I think SeekingAlpha has been a huge blow to CAPS, but there are still ways to revive the CAPS community.
One proposal: Give a small portion of the top-performing CAPS members free access to all of TMF's products. I'm not sure exactly what that number should be-- whether it is 1%, 2%, etc, but I think it is a great idea for many reasons:
1) Negligible revenue hit: I do not get the sense that there is a huge crossover between CAPS members and Premium Subscribers
2) Improved Incentives: The CAPS community will not have an incentive to check their score, post more quality picks, etc.
3) Discussion Boards: The Premium Services will also benefit by having some of the best stockpickers in the Fool community on their discussion boards
As many sites (TMF, SeekingAlpha, GuruFocus, etc.) have started incentivizing people to write articles by paying $$$, the free tools such as CAPS have suffered. However, many of these people would rather post ideas and make money off of them than write up long articles for $100. It would be a nice incentivize and perk to allow the top performing members to have access to all TMF products, and it would have wide-ranging benefits.