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Money Buzz 08/02

Sites that offer more credible stock market info, paying by fingerprint

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This story appears in the August 2002 issue of Entrepreneur. Subscribe »

Quality Control

Despite the downturn, hordes of investment board sites purporting to offer the latest and greatest stock tips still crowd the Internet. But in today's more conservative market, discriminating investors are looking for substance rather than sound bites. Fortunately, the post-Enron era has spurred a handful of boards that explore big-picture issues of interest to investors, such as corporate governance and mutual fund fees. The site www.eraider.com, for example, is devoted largely to shareholder activism, charging that "owning a stock is owning a business, with all the rights and responsibilities that implies."

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