|By PR Newswire||
|October 10, 2013 04:02 AM EDT||
NEW YORK, October 10, 2013 /PRNewswire/ --
Stock Tips Network (http://www.stocktipsnetwork.com/), a recently launched service for private investors which tracks the performance of companies who offer Stock Picks, has just released the performance results of the Stock Pickers on its database since the service went live in May of this year.
Of the 30 service providers on its initial database, 27 of them outperformed the broader market since Stock Tips Network start tracking their performance five months ago. The Top 10 Stock Pickers are up an average of 10.14% over the last 5 months. The Top 5 Stock Pickers are up an average of 13.2% over the last 5 months. The Top Stock Picker out of the 30 tracked by Stock Tips Network outperformed the market by 19% over the last 5 months. Over the course of the same five months, the S&P 500 was down 2.5%.
Stock Tips Network aims to enhance investor returns by tracking the performance of Stock Pick service providers and highlighting their performance at the time they release new Stock Picks. This enables private investors to see at a glance how the service provider is performing and then make a decision as to whether to act on their Stock Pick or not.
"A Stock Pick without some evidence of the performance of the person giving the Stock Pick is useless", according to Mike Cosgrave, Chief Operations Officer of Stock Tips Network. "What we do is we arm the private investor with essential data about the historical performance of the Stock Picking service provider. We do not give any Stock Picks ourselves so we are completely independent of the Stock Pickers."
All of the 30 Stock Picking websites on the Stock Tips Network database are from either the US or the UK and all must have given a minimum of 5 Stock Picks in the past 5 months in order to be considered for inclusion in the performance tracking. In reality, most of the service providers have given several Stock Picks per week.
As an incentive to private investors to test out the service, Stock Tips Network are offering all new members a 3 Day Free Trial of the service, after which a monthly fee of $29 will give private investors access to over 300 Stock Picks per month, together with the track record of the Stock Pick provider.
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