Index | Recent Threads | Who's Online | Search

Posts: 252    Pages: 26    Prev 1 2 3 4 5 6 7 8 9 10 Next
Last Post
New Thread
This topic has been viewed 17811 times and has 251 replies
Chipper6
Re: International Stocks PLEASE!!!!!

Me too.

Lakewealth Capital

Nov 20, 2016 1:36:01 PM       
tobiasberr
Re: International Stocks PLEASE!!!!!

OK, I will match judgetrades 3000$ one off.

So that makes

Chipper6 one off 1000 and 1000 yearly
Hedgehog one off 1000 and 1000 yearly
miguelbarbosa one off 1000 and 1000 yearly
Smartmoney one off 1000 and 1000 yearly
tobiasberr one off 3000 and 1000 yearly
judgetrade one off 3000 and 1000 yearly
jmh 1000 yearly https://www.portfolio123.com/mvnforum/viewthread_thread,9864#53399
danparquette 1000 yearly https://www.portfolio123.com/mvnforum/viewthread_thread,9864#53399
total of $10000 one off and $8000 yearly
up to now.

Of course it would be optional, so any existing user, who wants to not have international stocks would not pay the extra fee.

Please Marco, prioritize this feature.

I am also offering my time (40 hours per week) as a programmer for free.

P123 is the best! Many Thanks to Marco and the crew!!!
Anyone near Augsburg/Munich, Germany wanting to meet up, just drop me a message.

Nov 21, 2016 12:50:05 AM       
Edit 1 times, last edit by tobiasberr at Nov 21, 2016 1:20:52 AM
tobiasberr
Re: International Stocks PLEASE!!!!!

Marco, how about sending a voting email out to all your users, asking them to vote on the topic.

Question is:
How much are you willing to pay extra for International Stocks (incl. TRADE) per year?

Then you know exactly how much revenue you can expect from your existing customers.
Plus you might get loads of additional European and Asian customers, who might not have joined yet, because of the lack of local data.
Thanks,

Toby

P123 is the best! Many Thanks to Marco and the crew!!!
Anyone near Augsburg/Munich, Germany wanting to meet up, just drop me a message.

Nov 21, 2016 12:53:01 AM       
danparquette
Re: International Stocks PLEASE!!!!!

As I have said before, I would subscribe. If P123 needs funding for the project, I'd pay for 2 years in advance. But I would want a summary of the factors that would be available, size of the universe including counts by marketcap group, how far back the data goes, etc. before I would would pay in advance. This information would also determine how much I'd be willing tot pay for the subscription.

Dan

Nov 21, 2016 7:28:15 AM       
stevej
Re: International Stocks PLEASE!!!!!

Don't hold your breath. What follows is a cut and paste from posts by Marco over the last 13-14 months. For my part I've given up hope. I'll review my position when my membership comes up for renew al in April.

On Sep 23, 2015 we were told "We've just added to the team a ex Compustat guy with 10+ years experience. We'll get some european sample data soon to begin the project."

On Nov 2, 2015 we were told "Meeting with S&P Rep tomorrow. She's flying in just to talk to us about European data. "

On Nov 3, 2015 we were told "Pretty much what I expected. There's a proposal on the table and is good until the end of this year, next year is more money. I think we can do it: sign by end of the year, take 3 months or so to create the ratios, etc."

On Jan 15, 2016 we were told "Compustat resource didn't work out. Not enough SQL experience. We need both skill sets in one person: knowledge of the data (expressfeed, both Compustat and CapitalIq) and ability to write complex SQL queries to prepare the data for our simulation servers. If anyone knows such person let me know. Without this resource Europe is going to be take longer, but we are starting it this first half of this year."

On Jan 20, 2016 we were told "Europe by itself is a 3-4 month project, but there are other major projects that we think are important, some visible some not. We are committed to Europe this year. It isn't all that different than US or Canada and the additional resource would have sped up the process somewhat; by a few months perhaps."

On Mar 28, 2016 we were told "Before we commit to the data (and expense) we're trying to clear up a lot of issues, some little, some major like the estimates fixes we did (see the announcements forum). We're also cleaning up the website and preparing a new polished look. There's also some under the hood work that should be done before buying the data (mainly with currencies).

On Aug 15, 2016 we were told "In other words, we're reflecting , catching up , and cleaning. We still plan to start getting the data this year."

We're addressing the reasons why P123 is still a very niche product, so the European data is on hold for this year. Our current international users would not cover the costs, so we need to go into Europe with a product that is appealing to a wider audience. It will hopefully make sense soon.

Steve

Nov 21, 2016 12:00:35 PM       
judgetrade
Re: International Stocks PLEASE!!!!!

I would like to add another thing:
It would be great if P123 could provide some break even structure, so we know how much subscriber we need.
If it is in the 100s subscriber until european stocks break even for p123, I can understand the reluctance of P123 to go that way, so it would be great
to hear some numbers, so the users can think of a way on how to support.

By the way, I am up 45% this year, so thank you p123 to make this happen!

Regards

Andreas

Nov 22, 2016 12:51:54 AM       
tobiasberr
Re: International Stocks PLEASE!!!!!



We're addressing the reasons why P123 is still a very niche product, so the European data is on hold for this year. Our current international users would not cover the costs, so we need to go into Europe with a product that is appealing to a wider audience. It will hopefully make sense soon.

Steve


Here is my opinion on why P123 is a nice product.

In my perspective there are three groups of stock investors:

The "Professional", works full time in a fund or runs his own fund with hundreds of millions USD under management. He has got vast resources and uses compustat http://marketintelligence.spglobal.com/client-solutions/products for over $100,000 per year....

The "Amateur", like most of us is very ambition-ed, but it is more like a part time job or very time consuming hobby. We spend 10s of hours on the weekend or at night and have got some own funds or R2Gs. We have spend at least 500 hours in total reading finance literature and making investment decisions.

The "Beginner", the average Joe who has spent very little time in his live thinking or educating himself about investing. He is happy with his ETFs or being ripped off by mutual fund fees...


Now the "Amateur" target group is already quite small. But to make it even worse, there are loads of "qualitative Amateurs" out there who like to read loads of material about the companies they invest in and who love their behavioural biases and stick with their gut feeling... The "quantitative Amateur" is an even smaller subgroup.


So P123 is stuck in the middle. There level of sophistication is rather high, so the "Beginner" group would be completely overwhelmed, if they found P123. But they do not find P123, because they do not search for it. They do not even know that something like quantitative investing exists.

That is where stockopedia seems to be successful. They have a very reduced "dumbed down" functionality. To put it positively, they have very simple basic functionality, "user friendly" with loads of beginner educational material. (What is a stock, why stock investing, how do I select stocks, what is value, what is momentum, why use value and momentum....)

The "quantitative Amateur" is a very small target group. Most of us did not belong to this subgroup, before we by some coincidence stumbled over P123 on the internet. I had never imagined that I would be able to build quantitative stock investing models based on fundamental and technical data and to automatically trade it. I always thought this would involve hundred thousands of dollars per year in data subscription and thousands of hours of own programming work.... So it was completely out of scope.


I guess to increase the number of P123 users, they would have to build a completely new section for the "Beginner" target group.
Just offering some basic prebuilt models to subscribe to and the R2Gs.
The models would have fancy names by famous investors and would have their images and nice stories... plus loads of "Beginners" educational material on stock investing.
This is the main landing page for first time visitors.

Then there is a links called "Build your own custom models like a Pro", which leads to what P123 is at the moment.

This "Beginners" target group is far bigger. Of course the Beginner subscription fee would be exactly like the Investor subscription.
And of course Investor is a far better name than Beginner, no one likes being called a Beginner....


The Problem is, that the Beginner is completely lost on P123, so you need something more like stockopedia, that explains to him the basics of stock investing and then tells him, look, we have prebuilt it here. You just have to chose a model and start investing.
Quick and easy, for someone who has only spent 10 hours in his life investing in stocks, can start investing after spending one hour on the Beginners website.

This Beginners site has to hide all of P123, otherwise he is overwhelmed and intimidated.
There are only a few links called "Build your own custom models like a Pro", which leads to what P123 is at the moment.

Sorry for all the talking. But that is how I see the market for P123.

But don't forget. P123 is based on organic growth, where as stockopedia is just burning investors money.

P123 is the best! Many Thanks to Marco and the crew!!!
Anyone near Augsburg/Munich, Germany wanting to meet up, just drop me a message.

Nov 22, 2016 2:03:59 AM       
Edit 1 times, last edit by tobiasberr at Nov 22, 2016 2:40:12 AM
pvdb
Re: International Stocks PLEASE!!!!!

If the breadth of the European data is on par with or similar the US data (number of factors etc), then I'd be more than happy to pay $1000 one off and $1000 additional subscription each year!

Nov 22, 2016 9:46:53 AM       
quadz42
Re: International Stocks PLEASE!!!!!

There is obviously demand for international data, which P123 might be able to tap via crowdfunding. That being said, it might be a vocal minority of users, and there is an opportunity cost to divert time and resources to add international data. Perhaps management is focusing on expanding to include more casual (or professional) users, which could be a much larger market.

At the end of the day, I fully support management in their efforts to maintain and increase profitability.

Alan

Nov 27, 2016 4:59:33 PM       
marco
Re: International Stocks PLEASE!!!!!

Sorry for late reply. Thank you for the offers, but it's not a matter of money. Compustat has offered us a workable model with relatively low fixed cost and per user fees. And we almost did sign the deal, but decided to doing P123 right before we expand. P123 is not what it was supposed to be. It has become a powerful , but very niche product. What we are doing will be revealed very soon, and we think it will benefit all users, including existing paying ones. Adding Europe and friends will be easy in comparison. We want to do it, and need it for our vision. Thanks.

Portfolio123 Staff.

Nov 27, 2016 10:15:08 PM       
Posts: 252    Pages: 26    Prev 1 2 3 4 5 6 7 8 9 10 Next
 Last Post