If you thought that social media was only good to socialize with friends and family, think again. Social media has allowed the next leap for stock market investors to gain valuable experience and knowledge online in a very unique way. Not only will you be able to get good information and tips, you will also be able to connect with a range of experts and stock market professionals.

The giant Wall Street brokerage house Morgan Stanley is planning to use social media outlets like Twitter and Linked-In to communicate stock market advice and drum up business from investors. The company will let its financial advisers market themselves and share ideas with clients via social media sites, beginning with a pilot program involving 600 advisers that will start in late June.

It will then expand to the rest of the firm's 17,800 brokers within about six months. This is a bold and risky investment decision for the firm, but it reflects the company's bullish stance on the social media sector. The company says it's committed to taking a leadership role in this area and staying ahead of their competition in social media innovation. The firm believes it will give them a significant competitive advantage going forward.

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