SecondMarket is a website dedicated to selling alternative investments. Users can buy and sell bankruptcy claims, collateralized debt obligations, limited partnership interests, whole loans, restricted securities and private company stock. The user can access documents and learn about the investment before placing a bid. SecondMarket keeps the process transparent and provides guidance to ensure a smooth transaction between users. Users can also follow SecondMarket on Facebook, Twitter and LinkedIn. SecondMarket gives users a place to expand their investment portfolio while exploring unique opportunities.
SecondMarket was founded in 2004. The company maintains offices in New York City and Palo Alto, California. The site has grown significantly, earning itself a position as the go to resource for restricted, illiquid and alternative investments. The SecondMarket community includes more than 30,000 individuals.
There are social networks for almost every group imaginable. SecondMarket is unique because it was created specifically for top level professionals. Senior management members and other high ranking individuals can meet one another and share stories, suggestions and more. SecondMarket also helps users stay on top of the most recent industry developments and other relevant topics to their career and company.
The SecondMarket website welcomes visitors with a stylish, yet clean appearance. Deviating away from the typical white background of similar websites, SecondMarket embraces a deep, eye-catching black. The logo features vibrant orange, blue and green while the rest of the site works in hints of similar colors throughout. Overall SecondMarket has a very stylish, professional appeal that works with its unique color scheme. New users can dive right in by choosing the slate blue buttons found on the homepage to navigate between markets, buyers, sellers and partners.
A visitor can join the SecondMarket community by clicking the corresponding blue and grey button found along the bottom of the homepage. Users can choose to either buy or sell to begin account creation. The site also boasts a 60 second sign up form. The first page of the form asks the user to verify who they are (either a buyer, seller or both) and which description best fits their situation. After clicking the green and black “Next” button, the user is asked for their primary area of interest as well as other areas of interest. Clicking the “Next” button again takes the user to the sign up form which asks for a first and last name, middle initial, address, email address, phone number, city, state, zip code and country location. Although the sign up process is very quick and painless, some individuals might take a little longer than 60 seconds to complete the form.
All visitors to SecondMarket can create an account for free. The site gives the user access to listings and other information at no cost. There are no subscription fees or charges for membership. This is a nice benefit to users who would rather put more into their alternative investments rather than paying out purely for access to the listings.
SecondMarket is a valuable tool for investors who are interested in alternative investments. The site is very easy to use and creating an account is free. Users can begin gathering information and see what is available to them before spending any money on SecondMarket.