Tuesday, June 18, 2013

7 Helpful Investing Resources

Hello everyone!
       Today I will explain how I use some of the "Investing Resources" that I have listed on the left side of the page. The best link that I can steer you towards is Investopedia.com. This website has something for investors of all levels. It provides 1 minute videos explaining countless aspects of investing. There is also an investing term dictionary which provides the dictionary definition and the "Investopedia Definition." Finally, Investopedia has a stock market simulator where you can test investing strategies.
      Yahoofinance.com is most useful for it's real-time content, either news, stock prices, or charts. However, once you type in a ticker symbol, on the left hand side, there is a link called "Analyst Opinion." This link tells you how many analysts cover that stock, whether they rank it as a buy or sell (1.0 = buy, 5.0 = sell), and their price targets for the stock.
      Googlefinance.com has a useful tool called "Stock Screener." This tool allows the user to input specific criteria that they are looking for in a stock, and Google will match you with the results. It is also one the most well organized tools for tracking your portfolio.
       The Motley Fool, fool.com , is a great link for finding how thousands of other investors feel about the same stocks that you do. This can be found in their "CAPS Community"
        Of course a compound interest calculator is nice for projecting returns, but it is impossible to predict the future.
         Twitter is good for the speed in which you can receive news.
          Reddit.com/r/investing is a forum in which you can post questions and read other interesting information. It is like a giant bulletin board.

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