I am starting to invest and am looking for the best source to find stocks to invest in. Any suggestions? I have been using Zack's for about 8 months now. By using their ratings info, and then applying my additional parameters/conditions I have been successful. However, as the market changes so do my strategies. For example, when I first started using Zack's I was using their Big Money Screen. That worked until late 2007, and then the market direction changed the results drastically. So I had to change my Strategy. My new strategy seems to be working in this new volatile market. But time will tell.
But yes, by using their info I have been more successful than I have been in the past, and with less risk. Their are so many free sites and tools to research stocks, that paying a fee for something you should learn to do yourself is ill-advised and reckless. Basically paying a fee for someone telling me to jump off a bridge blindfolded is very unappealing because I could be falling 5ft and live or fall over 50ft and die. Get rid of that blindfold and learn.
Start learning the basics of fundamentals and technical analysis so you will be more informed in your investments. You can find all the basic info you need to learn on websites for free.
This site should give you a good start.
http://finance.yahoo.com/education
If your current/future employer offers an employee 401k plan. Invest up to the matching % of your employers contribution. If plan offers an election to invest in a money market fund you may want to invest in it until you learn more. Next invest in a Roth IRA up to the max allowed(yearly). If you then have more money to invest, go back to your 401k plan and invest the max allowed(yearly). So after you do all the above and want to invest more you should be able to decide how. Only invest money that you can afford to lose. Making some quick money is nice but if you lose it, it gets right ugly.
You may also think about ETF's instead of mutual funds, stocks. and options.
http://finance.yahoo.com/etf
Try what you learn on demo sites. They can be a very fun but educational way to learn from mistakes. If you pick 75% right with play money then you might be ready to start slowly investing.
http://simulator.investopedia.com/
http://simulator.zacks.com/
http://www.fxcm.com/open-free-100k.jsp
http://www.alpari-idc.com/en/metatrader4...
Or just google for more.
Have fun while learning the basics and planning your financial future. Also while learning how to keep every dollar in your pocket instead of the tax man's pocket. Each dollar saved compounds interest on top of interest, and will add up over the years. Do your best to buy things when they are not high and overpriced. And review your accounts at least twice a year. Timing your entry and exits can help protect from losing profits accrued.
I use Lightning Strikes Trading System for trading in any time frame and it works on forex, stocks, bonds, etf's, mutual funds, etc... They have 3 free training sessions a week and you don't have to buy the software to join in the live chat and text. You can even watch some recorded past live sessions. Here are some past charts that I used.
http://f1.grp.yahoofs.com/v1/MB16R0zjjaZ...
http://f1.grp.yahoofs.com/v1/MB16RxjOUQt...
There are 7 indicators (2 short, 2 medium, and 3 long term) and if volume is reported another one is added (on balance volume). Plus whatever time-frame is used the 2 green horizontal lines are the support and resistance for that time frame. So when indicators are all touching the bottom price is at or very, very near support. At top is at or very, very near resistance. Which helps my entry/exits and risk/reward ratio.
http://f1.grp.yahoofs.com/v1/MB16R9Wv-wt...
http://f1.grp.yahoofs.com/v1/MB16R9wSKdV...
http://f1.grp.yahoofs.com/v1/QCt6R2fYIj6...
http://f1.grp.yahoofs.com/v1/QCt6R3R0VQe...
If you can not view charts above I can email them. Or you can view more charts in this yahoo group. http://finance.groups.yahoo.com/group/li...
Here are my favorite sites.
http://finance.groups.yahoo.com/group/li...
Join group to see and discuss LS charts.
http://stockcharts.com/
Has basically all you need from fundamental to technical terms. Plus stock screens, charts, public chart lists, and much more useful info.
http://thechartpatterntrader.blogspot.co...
Video of markets.
https://www.fidelity.com/
Has good learning resources.
http://moneycentral.msn.com/home.asp
In addition to yahoo finance.
http://www.reuters.com/
For news and more.
http://www.marketwatch.com/default.aspx
For news and more.
http://www.valueprime.com/index.php
For rating stock risk/reward ratio and reports.
http://www.barchart.com/
For investing in more than stocks.
http://www.investopedia.com/
For more great learning tools.
http://www.lightninglive.com/
For best software timing your entry/exits any time frame for day traders and long term investors.
Others worth exploring.
http://www.equis.com/
http://www.stockta.com/
http://www.secform4.com/
Best Wishes,
Burt Whitley Yeah i have used them in the past but i fing http://www.goldenbullstocks.com to be a lot more successful! This is one of the sites that I visit on a daily basis, along with Schaeffer's and MSN.
I use Zack's and found to be very helpful in providing good research in a timely manner. I've been doing my own screens both on Zacks & MSN and use info from both sources to be added to my game plan.
I've been tracking there #1 picks and found that eventually most are successful.
Not sure if there is a "best" site, but Zack's would be considered one of the better ones. But don't forget you just can't blindly follow any research company, you should be able to look at and analize your own selections or those securities that you want to follow within your plan |
