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TMFDanDzombak (80.94)

The Next Great Motley Fool Product is.......

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October 10, 2010 – Comments (49) | RELATED TICKERS: BRK-B , AAPL , GE

......?

If you were CEO of the Motley Fool and had complete control over the next few services and products the Fool launched, what would they be?

49 Comments – Post Your Own

#1) On October 10, 2010 at 1:48 PM, marcjones281 (< 20) wrote:

Start a bank!

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#2) On October 10, 2010 at 2:05 PM, Mega (99.97) wrote:

Open source CAPS.

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#3) On October 10, 2010 at 2:14 PM, portefeuille (99.66) wrote:

give me a secretary and fund my "fund" (in the green by around 30% since "inception" in March 2010, I think) ...

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#4) On October 10, 2010 at 2:14 PM, AndreylikesMTL (97.08) wrote:

I would let players pick same stock many times, up to 200 times.

Andrey

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#5) On October 10, 2010 at 3:01 PM, Mega (99.97) wrote:

MegaShort wrote: Open source CAPS.

A great pilot project would be open-sourcing the stock screener.  TMF doesn't seem to have time to improve it.

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#6) On October 10, 2010 at 3:02 PM, TMFDanDzombak (80.94) wrote:

@Marcjones281  A possibility in the future however probably not anytime soon

@MegaShort  how would that make the Fool money?

@portefeuille  shoot me a note when you have a 3 year track record

@andreylikesMTL    Looking for product/service ideas as opposed to feature ideas

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#7) On October 10, 2010 at 3:04 PM, TMFDanDzombak (80.94) wrote:

@MegaShort  we must have been typing at the same time. That would be an interesting pilot project, I do find the screener to be lacking

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#8) On October 10, 2010 at 3:32 PM, WyndWyvern (30.33) wrote:

How about a tab/section for noob investors/fools? Perhaps one that is editable by veteran fools with certain high scores and/or consistancies? As a noob myself I find certain things lacking, confusing, and needing more detail. I would be more than happy to help out with this as I am sure it would benefit me and others. This would also help out older investors and help attract and keep new ones. I believe ChrisGraley wrote something along these lines in his blog but I am unsure of what has happened to his request.

The screener is definitely lacking as well. 

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#9) On October 10, 2010 at 3:38 PM, Mega (99.97) wrote:

how would that make the Fool money?

I suppose the same way CAPS makes money, only more so.

At first, most people had no clue how google, facebook, red hat, etc. would make money.  They recognized that they had great ideas though.

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#10) On October 10, 2010 at 3:47 PM, ikkyu2 (99.23) wrote:

An actively managed ETF, managed by Tom, Dave, and the rest of the team.  I'd throw a few bucks into it.  Ticker FLZ or something - I don't think there are any 4-letter ETFs.

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#11) On October 10, 2010 at 3:50 PM, ikkyu2 (99.23) wrote:

The other thing I'd really like to see is an RSS feed or some other kind of aggregator that let me view my 'Favorite' members' recent Fool blog entries, in chronological order, most recent first.  I do this manually every couple days anyway - costs me 50 or 100 clicks.  It ought to be a tab, click it once and read.  Livejournal friendslist is the model I'm talking about here.

However, I have recommended this several times over the last 2 years and the response has always been "Good idea - not on our radar at this time."  It should be - it'd increase blog participation. 

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#12) On October 10, 2010 at 3:50 PM, Mega (99.97) wrote:

You need some kind of service that costs less than $150 per year, but more than $0.  Maybe "CAPS Pro" could help fill that gap.

I'm sure you can earn good returns in newsletters and mutual funds, but the only way I see for you to create explosive, business-changing returns is through web 2.0.

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#13) On October 10, 2010 at 3:51 PM, ikkyu2 (99.23) wrote:

The screener can't be open sourced, btw; the Fool licenses the underlying data for specific uses.  Allowing anyone to use the data for any purpose, which is what open sourcing would boil down to, would violate the terms of those licenses.

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#14) On October 10, 2010 at 4:01 PM, Mega (99.97) wrote:

That's a legitimate concern, but presumably you don't haven't read TMF's Capital IQ license.  And there are many different types of open source licenses as well.  I think TMF could keep total control of the data and only let us modify the screening variables and output.

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#15) On October 10, 2010 at 4:02 PM, Mega (99.97) wrote:

oops, *haven't read

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#16) On October 10, 2010 at 4:03 PM, starbucks4ever (98.13) wrote:

"Big Long" newsletter devoted to options on futures. But for the new service to attract subscribers, they must first wait for the market to peak.

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#17) On October 10, 2010 at 4:22 PM, RonChapmanJr (58.33) wrote:

a currency backed by gold/silver

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#18) On October 10, 2010 at 4:50 PM, TMFDanDzombak (80.94) wrote:

@WyndWyvern You could use the Fool Wiki for a project like this

@MegaShort "I'm sure you can earn good returns in newsletters and mutual funds, but the only way I see for you to create explosive, business-changing returns is through web 2.0."   I've been contemplating this for some time. Still searching for a good model.

@ikkyu2 1) We currently have FOOLX but its not managed by Tom and Dave. 2) Why don't you just use googlereader?

@zloj Good idea, while waiting for the market peak I've been thinking of launching a newsletter called "Risk-free Investing," it would only invest in U.S. government bond. Would sell out in hours

@RonChapmanJr Call it Fool's Gold?

 

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#19) On October 10, 2010 at 5:07 PM, jsneesby (93.85) wrote:

Fool Summer School...for recent high-school graduates.  Basically teach them home economics and living within their means.  Everyone should thank God that I'm not actually the CEO!

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#20) On October 10, 2010 at 5:30 PM, Momentum21 (50.82) wrote:

Dan, 

I think I exchanged some posts with checklist34 last year about this idea...because I think it would be of great value for your brand and also for the community...

The Motley Fool Annual Conference

I have a ton of ideas around that general platform...but bigger would be better in the case of the TMFAC. Let me know if you guys have interest... : )

M21 

 

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#21) On October 10, 2010 at 5:41 PM, HarryCaraysGhost (99.67) wrote:

What about a Gonzo marketing strategy (for more about Gonzo anything google Hunter S. Thompson)

You could have the readers pester their local newspapers to bring the Fool back. (I've sent my e-mail in but would be willing to send many more:)

What about working with with Money Mcbags. He's building a brand and already has a loyal following.

Regards.

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#22) On October 10, 2010 at 6:02 PM, MegaEurope (< 20) wrote:

Momentum21 wrote: The Motley Fool Annual Conference

Speaking of which, is TMF sending anyone to report on the Value Investing Congress?  Isn't that this week?

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#23) On October 10, 2010 at 6:14 PM, redhorse29 (< 20) wrote:

Create daily market screens listing the top 25 performing stocks by gain, volume, sector, Fool rating and time it has been on the list.  This could be for both ETFs and stock markets.

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#24) On October 10, 2010 at 10:02 PM, TMFDanDzombak (80.94) wrote:

@Momentum21 I like your idea

@HarryCarysGhost I've looked at Money McBags but some people at the Fool aren't a fan of his style of humor. He has some friends at the Fool so we'll see what happens. 

@MegaEurope I believe Joe Magyer from Inside Value is going, his handle on twitter is @TMFInsideValue

 

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#25) On October 10, 2010 at 10:03 PM, TMFDanDzombak (80.94) wrote:

Anyone else have an idea (or two, or ten)?

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#26) On October 10, 2010 at 10:10 PM, rd80 (98.04) wrote:

Add the 'Following' capability to Fool articles like you have for blog entries.

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#27) On October 10, 2010 at 10:17 PM, TMFUltraLong (99.95) wrote:

Open a "community intelligence fund"

The concept is simple, yet few have been able to pull it off with any success. A fund manager oversees a fund of investments, but derives his investment ideas from players on CAPS (probably 99+ or highly reliable/accurate players). Simple programs could determine common stocks that appear in higher rated players portfolios here on CAPS.

Areas where i've seen this idea fail before are the fund manager ignoring the community and essentially throwing a few "token" picks in there. Another problem is when the community fund gets too large cap heavy. JNJ, DIS, BA etc are nice and all, but I don't want my portfolio to be the entire Dow Jones Industrial Average.

It's an idea, go talk to the head honcho's about it.

UltraLong

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#28) On October 10, 2010 at 10:48 PM, TMFDanDzombak (80.94) wrote:

@UltraLong Are there any others out there besides MOFQX?

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#29) On October 10, 2010 at 10:56 PM, TMFUltraLong (99.95) wrote:

Dan,

Stockjungle had one and it nosedived back in 2001 because the fund manager failed to follow member picks, he basically put a few token ones in.

Marketocracy I know is still around and relatively unexciting.

I'll see if i can think of any others.

UltraLong

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#30) On October 10, 2010 at 11:04 PM, weihou258 (< 20) wrote:

I would like to see three things

1. Build a page to have a daily or week survey from FOOLs on market direction. We will know how many people are bearish, bullish or neutral.  

2. Have a category on the blogs. Like, inverting, life, politics, fundamentals, technical analysis, etc. It will save reader's time to ignore the ones they do not want to read.

3. Have a up or down vote from readers on each blog. We will know people agree or disagree with the author.

 

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#31) On October 10, 2010 at 11:22 PM, Eudemonic (65.51) wrote:

Peer-to-peer lending program: TMF makes money as the market maker.

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#32) On October 10, 2010 at 11:58 PM, portefeuille (99.66) wrote:

30%

21%

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#33) On October 11, 2010 at 12:05 AM, johnnyrocku (99.58) wrote:

Thanks for asking for suggestions!  Here are a few ideas:

-Add a sortable column of 'Last blog date' to the lists of Top Ten members.  This would allow easy searching for blogs from top rated members.

-Improve the stock screener.  We Fools collectively could provide many ideas to improve it.

-One thing that I'm sure a lot of us are interested in (and is unique to MF) is the stock picks of the top rated Caps players.  You could add a feature to retrieve the most actively traded stocks (and the thumbs up/down bias) in the last x days among the y top rated Caps players.  

-Add a correlation feature, kind of like at aistockcharts.com, but include a few things they don't, such as provide the correlation vs time to give a sense of lead/lag times.  You might also have a two-pass correlation.  First pass would be to calculate the correlation to the S&P500, second pass would be to calculate the highest (positive and negative) correlated stocks after removing the effect of correlation to the S&P500.  This is a pretty compute-intensive feature, but compute-power is cheap, and updating once per day or few days would be sufficient.

 

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#34) On October 11, 2010 at 2:05 AM, chaimyl (93.39) wrote:

I think an online Brokerage especially with margin accounts /all exchanges and integrated with caps can make a fortune if it is done right

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#35) On October 11, 2010 at 2:54 AM, TMFDanDzombak (80.94) wrote:

@weihou254  1) VIC had a survey on market direction that you had to enter before using the site. I personally think it was useless and a wierd thing for a value investing site to have. That said, I could easily do a poll every week asking about how people feel in an article format. 2) feature 3) feature

@EUDemonic that is something I am familiar with but have never considered the Fool entering. Will have to ponder it. 

@Johnnyrocku 1&2 are features 3) While you call your third bullet a feature, I like the idea 4) Why isn't aistockcharts doing that already?

@chaimyl How would you integrate CAPS?

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#36) On October 11, 2010 at 4:22 AM, portefeuille (99.66) wrote:

A "caps" game that does not ignore "feature requests" might be a decent product ...

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#37) On October 11, 2010 at 8:06 AM, TMFDanDzombak (80.94) wrote:

@portefeuille Touche :-)

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#38) On October 11, 2010 at 8:23 AM, BearishKW (< 20) wrote:

Have a featured music guest each week to perform their latest single.  Then afterward have Erin Corr interview them on their market outlook and favorite stocks.

I'd like to know what Ghostface Killa is buying.

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#39) On October 11, 2010 at 9:05 AM, rofgile (99.42) wrote:

You need to capitalize on the performance of your best CAPS players -

I suggest that you do this-

 Build a CAPS market.  In this market, users can post their own information of value and charge a fee in micro transactions (like $1.00 for access forever to a page that contains a useful stock screener).  It could be like Ebay, but for investing information.

 Examples:

   portefeuille has his virtual fund, doing pretty excellently.  He could setup a special location on this CAPS market where he would place his fund buys/sells/performance and comments.  This would only allow access to the CAPS players who pay for his yearly subscription - and porte would get stats on who reads it / who subscribes, how often its read, etc.

   TMFsinchiruna could have a newsletter on gold performance.  And charge extra for it.

   All these things could be subscription services on CAPS, if you made a CAPS market.  Then, TMF could charge a fee of 10-20% off of the CAPS market for running the service.  

 -- The CAPS market could allow users to rate the quality of services, and give feedback, so people know they are paying for stuff of high quality.  Market pages and page providers could also have ratings based on the quality of their products. Etc.

 -----

  Of course, to make this, you'll have to do some programming work, but overall it could be a nice direction for your site.  I can't imagine people coming back to Fool/CAPS twenty years from now without any evolution...

  -Rof 

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#40) On October 11, 2010 at 9:09 AM, TMFDanDzombak (80.94) wrote:

@BearishKW I'd have to check if Wu Tang Financial would be down with that.

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#41) On October 11, 2010 at 9:28 AM, dragonLZ (99.41) wrote:

Wow, what a great idea by rofgile. It needs some work, but a great, great idea.

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#42) On October 11, 2010 at 10:15 AM, TMFDanDzombak (80.94) wrote:

@rofgile I like the idea. I've been pondering if the Fool could do something similar to letter.ly but hadn't broadened the idea in my mind to "information of value"

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#43) On October 11, 2010 at 10:41 AM, Mega (99.97) wrote:

rof's idea is even better than mine...

However it should not just be about passive newsletter subscriptions.  For me, interaction is key.  Hopefully, people in the market could offer subscriptions, apps and private investment clubs/funds.

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#44) On October 11, 2010 at 12:46 PM, Dobbes (< 20) wrote:

My idea is FoolNotes.  A service that condenses the filings of a publically traded company so an individual investor can get caught up without having to flip through the annual report, 10q's, proxy statements, etc.  It can have how the business model works, revenue breakdowns, a stock chart with recent events overlayed on it etc.  But keep it short, maybe 1-2 pages. 

Sell them for $5-$10, they can come up right when you pull up the stock ticker on CAPs.  Alternatively, you can sell them in the research section on yahoo, like these.  You can use a protected pdf that watermarks the buyer's name across the top, similar to what Harvard Business School does for their case studies.

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#45) On October 11, 2010 at 1:13 PM, umps15 (33.89) wrote:

Allow TMF user's to input more data.

Improve the blog, improve the rating system, improve the star system, have user's input target prices, earning estimates, 

Hire some competent people who can crunch the data. Keep the data to yourself and start a hedge fund. Make money.  

 

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#46) On October 11, 2010 at 4:49 PM, ikkyu2 (99.23) wrote:

"Why don't I just use googlereader?"

Because I thought I was helping the Fool by generating ad impressions.  I'll switch over to google reader straight away.

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#47) On October 11, 2010 at 5:56 PM, rofgile (99.42) wrote:

More on CAPS market - 

 I'm thinking it could allow for a lot of cool things -

CAPS market could have:

 1) pay for content blogs

 2) pay for viewing portfolios

 3) apps - let users datamine CAPS using an open API and sell that information using apps.  This would allow users to build custom screeners, trackers, charms, etc.  Apps could also include games such as the "chimpcontest"

 4) Ooh, let users make their own charms - and then we could sell the charms through the market.  (Like game-add-ons)

 - These are just some of what could be in the CAPS Market.  Note, Motley Fool would get transaction fees just like how Apple does with Itunes and App store.  Users would do the hard work making good content.

 -Rof 

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#48) On October 11, 2010 at 6:02 PM, TMFDanDzombak (80.94) wrote:

@Dobbes This has been discussed before and probably won't happen until we have more analysts. 

@ikkyu2 While we appreciate the generousity you would be much better off using google reader. As someone who researches for a living, I can attest it's an essential free product.

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#49) On October 12, 2010 at 10:51 AM, Dobbes (< 20) wrote:

@Dan: I'd be interested in helping.  You can reach me at lumsdlx at gmail dot com.

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