MarketRiders.com operates under one premise: mutual fund fees kill your long term returns.
Therefore the company's mission is to help its users avoid these fees by offering portfolio management services and only investing in ETF's which have fees that are a minimal fraction of that of traditional mutual funds.
When I read this article on CNN Money about the rise and fall of Andy Zaky a cold shiver took hold of my body. I have been promoting the use of online investment marketplaces and social trading networks for the last few months. This is part of my mission to promote new finance services, but it was a curiosity for me how on these platforms the majority of investment strategies were mainly short term trading.