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SocialPicks: Myspace For Investors

Read about this interesting new social network from TechCrunch: SocialPicks

– tracks imaginary users’ portfolios and ranks them on how well their predictions pan out
– also tracks celebrity investors like warren buffet and jim cramer
– allows would-be financial advisors to “prove themselves”
– allows collaboration and knowledge sharing amongst other stock investors

They also have a contest starting on Feb 5th where the person with the highest SP Rank will win $1K. Read here for the rules.