I am a newbie to Stockopedia. For a long time I resisted the charms of Ed and his team but having over the Christmas period watched a few of his videos on YouTube, I thought I would take the plunge. The reasons – Ed’s honesty. He mentioned that there could be a problem if most Stockopedia followers ‘chased’ the same shares. Ed also mentioned that comparatively speaking performance wise (as in companies highlighted by Stockopedia’s ranking systems) Stockopedia has done well of late, but this is partly because commodities have taken a back seat in recent years. Again an honest viewpoint.
As mentioned in another post, all credit to the IT team at Stockopedia, it is very easy to navigate between the screens and the website seems intuitive.
As for my experience of all of a week, it has been positive, I have bought a few shares in WPP, highlighted on one of the screens, and it has bounced nicely, the subscription has been paid for in the first week. Stockopedia has also thrown up lots of other investment possibilities. And finally, and possibly most importantly, Stockopedia has allowed me to look at my existing portfolio with fresh eyes.
I am also a newbie to Stockopedia and impressed by the wealth of available material on this platform.
Previously I have relied upon individual stock picking but after reading the NAPS article can certainly see the merits in a strategy of selecting high ranking stocks from each sector. I have tried to create my own filter/screen to set up a dummy portfolio but so far making a complete hash of this.
Prior to joining I held held Communisis (CMS) and whilst I am in very modest profit very surprised that in Stockopedia it was ranked at 100. This was the last thing I expected ! The learning point here for myself as a Stockopedia beginner, is that you simply do not buy a portfolio of high ranked shares in each sector without further consideration of other factors without taking into account other factors.
On the flip side, and using WPP as an example, Stockopedia assesses the company as a value trap and is considered to be a 'losing style'.
However some Stockopedia investors will still consider this investment despite a current rank of 46. In order to develop my understanding I would be interested to understand what additional considerations experienced Stockopedia investors would take.