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Home | Personal Finance | See Also: Finance Resources

Wallstrip Raises Over Half a Million

WallstripWallstrip, a witty video blog covering the stock market, has raised over half a million in funding according to NeeTeeVee. Wallstrip is hosted by actress Lindsay Campbell. Over fifty Wallstrip shows have been produced and creator Howard Lindzon has a recent post looking back on the first 50 shows. Wallstrip focuses on a different high performing stock each week. Past shows have covered Chiptole, Adobe, The Knot, Dolby, Electronic Arts, Akamai and Whole Foods. The shows contain a little humor as well that ties in with the products the company being featured produces. For example, host Lindsay wears orange crocs in the Crocs episode and she is smoking a cigarette in the Altria video. There are also interviews like this one with Dealbreaker.com's John Carney. Lindzon told NewTeeVee that he will use the funding to create more shows and that he is currently more focused on building an audience than making money.
Lindzon, a longtime investment advisor and fund manager, says he created the short-form show to provide an alternative to unnecessarily complicated stock market analysis. He claims the show - which he alternately describes as "Cramer with breasts" and "buy high, sell high" - currently receives about 10,000 views per episode.

Wallstrip's friends-and-family investment round included venture capitalist Fred Wilson6. As for making money, Lindzon said the show is focused on building an audience for the time being. It currently uses limited post-roll ads via Revver.

With the funding, Wallstrip plans to create five more original shows on the topics of finance and venture capital. Lindzon says, whereas Wallstrip is keeping things upbeat and happy with the all-time-high theme, "not mucking around with companies like Dell," at least one of the other shows will tackle the fact that stocks don't always go up.
It will be interesting to see what Lindzon comes up with next. Right now it is clear that he has created at least one video blog hit with Wallstrip. Wallstrip's host Lindsay Campbell is also on the road towards online video stardom.

Posted on January 6, 2007
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Engadget Launches The Engadget Index

Engadget IndexEngadget has launched The Engadget Index with help from the Blogging Stocks bloggers. One share of each of the fifty stocks in the Index were purchased for a total investment of $1475.16. Engadget will be providing regular portfolio performance updates -- the first report will be filed on November 1st.
We're not really traders here at Engadget, but we decided to indulge our fantasies of Gordon Gekko grandeur and put together a portfolio of tech stocks. To pull this thing together we enlisted a little help from our friends over at Blogging Stocks; we think besides being a barometer for the gadget industry, perhaps the Engadget Index will serve as a look from a different angle into the massive economy of consumer electronics.
It should be an interesting index to follow. However, they really should have included The Google in the Engadget Index.

Posted on October 28, 2006
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Seeking Alpha Content on Yahoo News

Seeking Alpha and YahooYahoo recently made its blog search vanish but they are still interesting in blogs. Yahoo is now displaying content from Seeking Alpha's blogs on Yahoo Finance. Here is an excerpt from the press release.
Seeking Alpha aggregates and edits information from more than 200 leading investment and industry experts who use blogs, financial newsletters and authored articles to share their personal expertise. The news is then categorized and tickerized to run on the news pages of individual stock quote pages on Yahoo! Finance. Initially, more than 60 articles will run every business day on Yahoo! Finance, covering an average of 100 different stocks on a daily basis.

"The number one objective at Yahoo! Finance is to help our users make informed financial decisions, and Seeking Alpha significantly expands the information we provide to our audience," said Peggy White, general manager, Yahoo! Finance. "The new blog content also brings a different perspective to our users by offering commentary from the experts who work in the financial industry."
The graphic on the right shows an example of a Seeking Alpha headline displayed in Yahoo News section about the CROX stock. CROX is the symbol for CROCS Inc., the maker of the popular Crocs shoes. Seeking Alpha's section about Crocs Inc. can be found here and recent blog entries can be found here and here. After reading a few posts, it looks like Seeking Alpha is missing the recent Jibbitz development.

Posted on September 13, 2006
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AOL Launches BloggingStocks.com

BloggingStocks from AOLAOL has launched BloggingStocks.com, a collection of individual blogs covering several widely-held stocks. The site debuts with eight blogs covering Apple Computer, GE, Microsoft, Wal-Mart Stores, eBay, Google, Time Warner and Yahoo. Heather Green at Blogspotting asks the question everyone is thinking -- will the bloggers own the stocks of the companies they are blogging about? They are also blogging about their own parent company with the Time Warner stock blog.
Bloggingstocks.com is a unique idea. AOL hired bloggers to write about product announcements, earnings releases, and commentary on 8 stocks initially. On its first day, the network will do live blogging of the Microsoft earnings call, for instance. (Good luck!)

So, what about the $64,000 question? Can the bloggers hold the stocks they are writing about?

Indeed. In fact, AOL encourages them to be stockholders, if not necessarily in the companies they're writing about. The key is that they have to sign a code of ethics, disclose their holdings and not trade on insider information, says Marty Moe of AOL Money & Finance.
Even though BloggingStocks.com is listed as part of the AOL Money & Finance it has a Weblogs, Inc. menu bar and looks similar to other Weblogs, Inc. blogs. Weblogs, Inc. founder and ceo Jason Calacanis notes that the site does have a code of conduct. He is also bullish on the financial category itself.
This is the most exciting and integrated product we've done to date. Having our bloggers plugged into the AOL traffic and advertising machine is gonna be huge. In fact, my guess is bloggingstocks will become our largest and most profitable blog over the next year (finance is the best advertising category on the web).
The launch follows on the heels of the recent launch of DealBreaker.com, a Wall Street gossip and financial blog started by Elizabeth Spiers, a former editor of Media Bistro and Gawker.com. Other big competition for AOL's BloggingStocks is Seeking Alpha, a network of stock-related blogs. BloggingStocks.com is different because it focuses on individual companies so they may have more competition from other blogs that also follow these companies. For example, BloggingStocks' Google blog will compete, at least on some level, with the numerous blogs that cover Google.

Posted on April 27, 2006
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Blog Your Personal Finances

CBS2Chicago reports on some bloggers that are using blogs to record their personal finances and motivate themselves to obtain financial goals.
Do you know your net worth?

Jonathan Ping, 27, does. At $91,820 he's a far stretch from his $1 million retirement goal, but he's keeping track of it.

And you can, too. Log onto his personal finance (PF) blog and see what he spends for the day, what his investments are and what he deems to be money saving tips.
Ping's blog can be found at MyMoneyBlog.com. Other personal financial blogs or PF bloggers mentioned in the article include Dawn's Frugal for Life and Jane Dough's Boston Gal's Open Wallet. Jane also offers some practical advice for staying out of debt.
"Many of my friends have bought luxury cars and are enjoying big vacations and I'm not. They see my small home and think 'Gee, is that all you can afford?' And yes, it is all I can afford. I'm not taking on debt. I'm not rewarding myself now because I know that I will have to pay for it latter."
Another PF blog called Clutter2Cash, which was not mentioned in the article, blogs that she wanted a more public account of her finances.
I started blogging because I wanted a more emotional record of what I was attempting than Quicken could give me. I thought that by making my intentions somewhat public that I'd hold myself more accountable (it works for me). And I also wanted to break the silence that many women seem to have when it comes to talk about money.
Many of the PF blogs include financial graphs or charts showing their progress. Clutter2Cash has some links to other PF blogs on her blogroll if you want to see some more. You can also check the blogrolls of the other pf blogs mentioned above. A few more personal finance blogs can be found here on Technorati's blog finder.

Posted on April 17, 2006
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Google Finance Includes Blog Posts

Google FinanceGoogle has launched Google Finance, a financial resource with stock quotes, stock charts, news, company facts, and company financials. The new site also includes blog posts. For example, if you Search GM on Google Finance you will see a few blog listings on the right side if you scroll down the page. We hope Google will eventually start showing blog posts on Google News as well. Search Engine Watch reports that Google Finance currently only has data on companies in North America but will expand to include other countries eventually. John Battelle has more details about the launch and uses a Google vs. Yahoo graphic, which is appropriate since Yahoo Finance will be threatened by Google's new finance site. Newspapers won't like it either. They are threatened by both Google and Yahoo and stock table have been dropped by many print newspapers including the New York Times. CNET also has an article about Google Finance.

Update 3-21-06: BusinessBlogWire notes that the new Google Finance website is lacking a blog of its own.

Posted on March 21, 2006
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Seeking Alpha Offers Free Conference Call Transcripts

Seeking AlphaThe Seeking Alpha blog network has added free conference call transcripts from 400 companies to its network of stock blogs. Companies normally charge for these transcripts. NewYorkBusiness.com reported Seeking Alpha was planning this in an article from earlier this week.
Seeking Alpha founder David Jackson, a former Morgan Stanley telecommunications analyst, said he has hired a team to transcribe the calls, which often contain useful nuggets of information from corporate management teams but also take a long time to listen to. Mr. Jackson says he expects to have a transcript available on his Web site within six hours after the conference call is completed.
The conference call transcripts can be found here. These are not only useful for investors but they should contain interesting information for bloggers to comb through as well. David Jackson, the founder of Seeking Alpah, wants bloggers to cover the transcripts. He says, "you may quote up to 400 words of any transcript on the condition that you attribute the transcript to Seeking Alpha and link to www.SeekingAlpha.com."

Posted on January 18, 2006
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Housing Bubble Blogs

The L.A. Times has an article about housing bubble blogs. Blogs mentioned in the article include Professor Piggington's Econo-Almanac for the Landed Poor and Ben Jones' blog at thehousingbubble2.blogspot.com. The Times article says many bloggers are getting concerned that the housing market is out of control.
The fever may be most intense at Jones' free site, created after his first bubble blog crashed in May from trying to handle its 20,000 daily hits. His latest site doesn't run advertising and therefore he derives no revenue from it.

A self-described "economic activist," Jones, 41, sees his mission as chronicling a seminal financial event, something future scholars can turn to just as historians today would read an anthology of letters written by Dutch tulip traders in the 1630s.

"In 100 years, economists may be studying the comments of this blog because this was a real-time skeptics' log in the middle of a financial mania," said Jones, who rents a house with his wife in Sedona, Ariz., and doesn't own any real estate.

Jones' fervor stems largely from his status as a casualty of the dot-com meltdown, when he was the controller at an Austin, Texas, Internet firm that he declined to name. He resigned in 1999 before the company went bankrupt, after he spent a stressful final year trying to convince his entrepreneur bosses that "companies really do need to make money."

The housing market today "is just like the tech bubble," said Jones, who holds economics and business degrees from Midwestern State University in Wichita Falls, Texas. "That's why it's a mania — because people have forgotten the fundamentals."
There are many other blogs discussing the housing market as well. The Blog Post recently posted that 43% of new jobs were derived from the housing bubble. Dan Gillmor frequently posts on the housing bubble issue on his blog. Dan Gillmor's citizen journalism website, called Bayosphere, discusses the Bay Area, which is one of the regions suspected of having a housing bubble. More blogs can be found by searching for "housing bubble" on the blog search engines like Technorati and Blogpulse.com.

Posted on July 18, 2005
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