My Top 5 Investing Resources
You follow your stock portfolios closely, stay on top of your short and long positions, and always conduct proper research before making a buy or sell, but something else is still missing. Why, your list of reliable investing resources may be the missing ingredient!
No investor can survive without tapping into his or her investing resource database. And if you’re database consists only of finance.yahoo.com, then you’re missing the point.
Need a better idea? Try 5 investing resources that every Investor should know because they will make a difference in your investing knowledge.
1. Read the Wall Street Journal
The Wall Street Journal (aff) is my number one favorite source for investing commentary because the Wall Street Journal’s content is fresh, newsworthy, and extremely helpful. WSJ’s Money and Investing section contains enough valuable investing information for a week’s worth of posts (I kid you not). Complementing the WSJ with a notepad or journal increases your ability to soak up information, plus you can refer to any article later since you marked down its section and page number.
2. Keep a Personal Notebook or Journal
You’ll digest information a lot easier and can revert to articles or columns that you passed over before. The notebook method is applicable when listening to radio shows, watching television, or conversing with friends and family. By constantly writing down your thoughts, you’ll become a more intelligent and focused investor through repetition.
3. Get a Feed Aggregator and Track Investing Sites
Aggregators expedite the reading process and allow you to browse hundreds of investing posts, stock picks, and money articles in a few short minutes. Google Reader offers an easy-to-use interface and supports bookmarking, e-mail, and post sharing capabilities.
4. Choose a Financial Research Site that suits your taste
With all the competition for viewers, financial research sites must put the user in a unique place, different from any other site on the web. I feel MSN Money accomplishes that goal quite well, and has been my number source of stock quotes and research.
5. Talk to a Friend who knows about Investing
We often participate in the most meaningful conversations with friends because a bond of trust has already been formed. If you’ve got a friend who invests, let him know he’s not alone in the game. You can bounce investment ideas off of him or her, ask for personal advice, or seek help in a messy situation.
A dependable, core list of investing resources will help pave the road towards your financial success.
6. Start a trial account, jump into the market and learn from experience.
You can freely lost all the money in the trial account, so why don’t leverage on it and learn from the market
These are some great ideas. In order to be successful at anything, you’ve got to focus on the right sources of relevant information and keep track of where you’ve been. Otherwise you’ll be paddling in circles instead of making impressive progress!
Harrison – Good suggestion. A trial account would be a much safer option than jumping right into the hot water, we call wall street, at first.
Also, you can sign up for Virtual Stock Accounts at Marketwatch.
Andy – I’m just thankful there are so many helpful resources out there.
The financial blogosphere offers extremely helpful information just like the big time investing sites.
Just another great addition to our extensive list of resources.