iBankCoin

A Look Behind the Curtain of iBankCoin

You have no idea how low-brow the finance blogging world really is. Since I started doing this, way back in 2005, my number one concern was to be a responsible steward of news and information. Sometimes my true passion got lost in the profanity laden sauce, replaced with a stigma that I was just a stock market gangster, doing drive-by shootings on other “busters” who wore the “wrong colors.”

All of the personnel changes you’ve seen on iBC were for a reason. Blogging isn’t for everyone. In order to do this you must go into it knowing that you work for the people, not the other way around. Far too often, prospective bloggers and marginally successful bloggers look to “cash in” by either charging for their services or trying to “get liquid” on their readers. I am not flexible on these points and anyone who comes to iBC trying to abuse the readership will be fired immediately.

While it’s true, iBC has made some decent coin with its premium services over the years, I’d still do it for free if we had nothing to sell. This isn’t about money, never has been and never will be. Unlike many of my peers, I do this professionally and manage a very successful book of business. Of course my definition of success is failure for some of the hedge fund titans out there. And, to be honest, I am not satisfied with my progress over the years, often distracted by the site and other business concepts. However, I’ve managed to provide for my family and give my children things I wasn’t privy to when I was young. To me, success is gauged by legacy, not by the size of one’s house or price tag of a car.

What will my bloodline look like in 100-200 years? What will iBankCoin look like in 100 years?

I am not in this racket to flip and get rich quick. People will always need tools and advice to make money in the markets. This is a long term business that can be incredibly rewarding if done the right way.

By respecting money and your reputation, integrity and moral values will shine through. When you earn the trust of the people and provide a service that they are grateful for, success will follow. In some industries, this is hard, long, road to travel. But in my experience, it’s worth it every single time. There aren’t any shortcuts, even when it comes to little websites trying to help self directed investors improve their skill-sets and use the fruits of their labor to provide for their families.

I am a big believer in the ripple effect and always try my hardest to make a difference.

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30 comments

  1. ripper

    FLY IS STILL GOD!

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  2. clegger_2000

    I am seeing quite a few sites (no specifics) switch from a free collaborative info exchange to a “premium service” and I am less than thrilled with this trend.

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    • The Fly

      There isn’t anything wrong with people being paid for what they do, especially if they do it well. However, it has to be done with tact and the service must be “worth it.”

      Eventually, this gets hashed out by the people. But there are insidious marketeers who work all the time on fooling people.

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    • The Next New Cat Thing
      The Next New Cat Thing

      Lot of fee service wannabees on Twitter these days;

      Many services are baffled during times of market stress. Only iBC stands out by stepping up to the plate with timely, relevant information at the right time with the right stocks and indicators.

      Fly is there when you need it most.

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  3. charles c

    interesting post,,,prompted by anything specific?

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  4. The Fly

    I draw inspiration from personal experiences, so yes.

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  5. dominator

    nice post @The Fly.

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  6. Straight to Oprah
    Straight to Oprah

    Medicated?

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  7. from gorby

    A joy to read
    every day

    thks

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  8. Anton

    Best-written commentary, advice and confessional on the Internet. And consistently so from Day One.

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  9. FLAtrader

    Respect

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  10. mjolnir

    And what would it all be without world of sports? Here is the BEST sports story of the day, maybe even year:
    Scott Entsminger, who died at the age of 55 last Thursday, is described in his Columbus Dispatch obituary as a lifelong Browns fan and musician who sent a song to the team every year along with his advice for moves that the team should make in the coming year. His family used the obit to encourage friends and family to wear Browns gear to his memorial service and they’d also like to see some members of the team there to help fulfill a final wish that shows Entsminger never lost his sense of humor or his memory of what recent history has meant to fans of the franchise.

    According to the obituary, Entsminger “respectfully requests six Cleveland Browns pall bearers so the Browns can let him down one last time.”

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  11. Mikeywins

    Congratulations and well done!

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  12. Forrest Bondurant
    Forrest Bondurant

    one of the gayest (homo) posts to date

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  13. charlie

    Indeud

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  14. KDog

    Where is The Devil?

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  15. razorsedge

    im lookin for eternal dividends , u look where u want,

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  16. The Plumber's Crack
    The Plumber's Crack

    Hands down this is the best blog on the interwebs.

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  17. Jakegint

    I’m on vacance, but from the depths of my longitude I assure you, the fly is god, Elmore Leonard is vice Chancellor…..

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  18. bankindamonkey

    So is the Devil dead then?

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