Investorama Closes its Doors

06/18/2001

Back in 1995, I had no idea of the path that lie ahead when I started my first personal Web site, which I called Investorama. Over the years, the site grew, both in size and reputation. Many investors and investment club members made Investorama.com one of their regular stops for stock research and investor education. And the directory of financial sites grew into one of the largest such databases on the Web.

At the end of 2000, I left the company I founded to, as they say, "pursue other interests." I've been working on several books, writing for publications such as Mutual Funds Magazine and ICLUB.com, consulting, and speaking at conferences and investor events. And I've enjoyed shifting my focus away from the day-to-day management of a Web site.

Unfortunately, as of June 8th, the current management of Investorama chose to close its doors and sell the assets of the company. Of course, it's sad that the recent downturn in the stock market means that smaller sites like Investorama.com can't stay in operation -- but that's the nature of business.

I'm hopeful that some of the tools and resources from Investorama will reappear in some fashion somewhere on the Web, so stay tuned and I'll fill you in as I learn more.

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