« Fed sits, stocks fall, Tues., Aug. 8, 2006, 3:58 PM | Main | Cisco, the Kid who grew to be an 800-pound gorilla, Wed., Aug. 9, 2006, 8:29 AM »
August 9, 2006
Survey results, Wed., Aug. 9, 2006, 7:49 AM
After receiving over 600 survey responses, I must say I am learning a lot about my readers.
First, I believe the sample is very accurate because of its size and because the replies to the last 100 were statistically approximate to the first 100, and throughout.
I was shocked to find that 25 pct of you learned about my site in Barron's and Forbes, and only 20 pct came from word-of-mouth, while 42 pct came from Internet referrals from other blogs. Less than 13 pct came via Internet search.
As for connection speed, 94.4 pct are using hi-speed and 5.6 pct are slow-speed. Wow, the Week In Review must take a day to download in slow-speed! :-)
Reader location figures are bang-on the server logs, and show that 71.7 pct are from the U.S., 17.9 pct from Canada, and 10.4 pct from other countries. That's consistent with the referral source data, and the fact I am Canadian.
For net worth, there were 22.5 pct saying that, excluding residence, they have a net worth under US$100,000, while 39 pct are between $100,000 and $500,000, and 38.5 pct over $500,000. This is a fairly well-to-do and very well-educated readership although I try to write it so that nobody is excluded.
Without my offering a value proposition, the question regarding willingness to spend on related services was really unfair, but there were just 23.2 pct of you who indicated that you would use only free services on the Internet. Of those who would pay for some kind of service, 3 pct would pay over $1,000/year, while the mean average would likely be close to $250/year.
The site usability question, which was poorly worded, resulted in at least 75 pct of you who really like it, and less than 25 pct who replied it is "somewhat useful". When I looked closer at the data, I found very few true negatives.
The most requested change was to make the navigation (info access) simpler, which is something I have long intended to do.
In total, there were almost 50 pct of you who added comments and recommendations for change. I have put these into a single file for sending to TeamCara volunteers to have them work the list into specifications for the webmaster to use. My goal is to have the changes made for Sept 1st and then to do a follow-up survey at the end of Sept.
Another change that I'm sure will come out of this in the free blog will be a question and answer format (requested by 89 pct of respondents) where I will have myself and a team of experts answering.
I was surprised that about 75 pct of you wanted e-mail alerts, and so I will set up a system for that as well, once I understand what info you want to be alerted to.
About 80 pct of you wanted customizable stock tables and 72 pct wanted customizable charts and graphs, but that is something that must be done outside the blog and inside a separate premium data service. But it is very doable and ought to be inexpensive to offer.
As to the difference between this free blog and a separate premium data/intelligence service, I can say now that I started a couple weeks ago on the premium site, which, if it works out, will be managed on a different server by a different host. I want to keep the free blog clear of commercials and classes of users. I intend to make the free stuff as good as I can, which means more daily articles and better organization.
Although it was only in February this year " 22 months after I started to blog " that I decided to come out of retirement and offer professional and premium data services " you ought to know I am not driven by any consideration to do this quickly. I just want to do it right. These ventures have a habit of taking on a life of their own, and I am pleased to say that the only treadmill I get on is the physical unit that sits about four feet from my desk.
Thank you so much for contributing to this survey, and to the other bloggers and financial media who have made so many people aware of my blog, I am going to thank you too and reach out to you for ways that we can co-operate in the future.
And to the TeamCara participants I have selected for this task, I'll have the Reader Recommendations file out to you this evening.
Posted by Posted by Bill Cara on August 9, 2006 07:49:05 AM | Category: Community Chat
Discourse
A few feature suggestions,
1. What about recieving an e-mail when someone else leaves a comment on a page that you left a comment on?
2. What about recieving an e-mail whenever a certain user leaves a comment? For those who like to follow what certain users of this blog are saying.
Any comments?
Posted by: Quentusrex
at
August 9, 2006 9:35 AM [link]
Leisa makes a very good point.
Posted by: james tarin
at
August 9, 2006 9:58 AM [link]
I agree with Leisa 100%. I would hate to see Bill's time spent on providing information that is already available elsewhere. I would rather see him focus on sharing his wealth of market knowledge with us in a timely and affordable way, irrespective of the amount we are able to invest.
Posted by: jragusa
at
August 9, 2006 10:22 AM [link]
Agree with Leisa. What makes Bill's blog unique and exciting is (beyond his sheer enthusiasm for making markets and traders what they ought to be) sharing of his "well-tempered" intuition about markets, how they work, and how they inter-relate.
I suspect few of the traders running big money for banks and hedge funds have this, since they were in diapers when Bill was working through 1973-4, 1987, and 1990.
As one trader wrote, you don't get good intuition (and therefore don't deserve the right to follow your mis-guided intuition) till you have a long and deep base of experience.
All,
What if someone else implemented the changes to free up more of Bill's time?
-William V
Posted by: Quentusrex
at
August 9, 2006 10:55 AM [link]
I just found this site from a stock message board of a stock I am following a few weeks ago and am very impressed and try to read it daily.
The explanation GICS categories and business cycle relationships are invaluable. Jim Cramer and Jim O'Neil are the only others I seen pay any mention of this in books, but the explanations here are much more detailed and easy to apply.
I saw Aetna achieve an accumulate rating, and since it has gone up almost $3. One thing I would like to see is a list of stocks that have recieved accumulate ratings along with the date.
In terms of email alerts, I think that the things I would want to get are:
1) new accumulate or sell ratings by Bill
2) any anticipated strong spikes or valleys in highly traded commodies, or a major index. However, this is a free site, and if you did not do a thing, I would still be a regular reader.
Posted by: rick s
at
August 9, 2006 11:05 AM [link]
Rick S and others,
I am going to put up on the free blog the RSI numbers and the Accumulate/Buy/Distribute/Sell ratings for the Cara 100. I'll also have an e-mail alert system.
On the totally separate premium service I am planning to do the same for about 1000 to 1500 international stocks, including a personal Company Quality Rating.
Posted by: Bill Cara
at
August 9, 2006 11:17 AM [link]
Bill,
thank you a million for this site. As a novice to investing I feel finally confident of getting trustworthy advice (after being taken on some costly rides by other "experts", including my own bank).
I am very excited to hear you will post accumulate/distribute ratings, which on top of all the other great information is so helpful to me to establish my portfolio. Gotta get those kids to college...
Thank you so much!
Posted by: Nick K
at
August 10, 2006 8:34 AM [link]

RE customizable stock tables...2 cents...there are so many places that already do this, so if your readers were looking for the best value add for your time expended, Bill, at least this reader would prefer your building meaningful content without duplicating "stuff" that is easily accessible from other sites. OF course, it goes without saying, that the minute $$$'s get attached to people's wants, the list gets shorter and shorter!
Posted by: Leisa
at
August 9, 2006 8:31 AM [link]