5 Tools for Better Investing

Image

The Good news: The economy is inching its way back into the black. The unemployment rate is dropping (however slowly). Signs of economic growth are promising.

The Bad news: The sky could fall tomorrow, and the stock market could fall with it. But what if it did? Could your portfolio survive?

If you are armed with knowledge, investment risk isn’t so much of a risk. That’s why I put so much time and effort into research before I invest a single penny. Below are some of the tools that I highly recommend for investors at any level.

1) Earnings Calendar

Whether you currently own stocks, or simply want to create a “watch list” for analyzing your future investments, an earnings calendar can be an invaluable tool. My go-to calendar is from Nasdaq. (Go directly to the source, right?) You can search by company name, date of earnings report, or even backtrack, to see what companies have reported their earnings in the previous weeks.

http://www.nasdaq.com/earnings/earnings-calendar.aspx

2) Morningstar’s Investing Classroom

If you’re a newbee, or simply need a refresher course on investing, you will greatly benefit from Morningstar’s Investing Classroom (it’s free, people). You can learn at your own pace, and develop valuable skills in the process. The online classes offer quizzes, and, you can earn credits toward 60 days of free Premium Morningstar.com–a fantastic resource for investment news an analysis. Once you have earned 790 points, your 60 day Premium subscription will kick in. A one-year subscription normally costs $199 ($23.95/month).

http://www.morningstar.com/Cover/Classroom.html

3) Free Investing APPS

If you are APP happy (or simply technically savvy), investing APPS are a great way to evaluate your investments (or potential investments) on the go. Here are two that I highly recommend:

Bloomberg APP: At a glance, you can see all of your stock holdings in real-time. With one touch, you can select stocks by company name. Available on virtually all portable devices.

Stock Ratings APP: Search ratings for any publicly traded company. Ratings updated daily. You can also view a daily summary of earnings and dividend announcements.

4) Bloomberg Radio 

If you’re an investment nerd like me, you can sit for hours, listening to someone talk about the stock market. Since I can’t watch TV while I work, I listen online for a steady stream of real-time stock market analysis on Bloomberg Radio. You can listen in on weekdays, from 5am-6pm. You can also download their free APP, and listen via your iPhone or Android.

http://www.bloomberg.com/radio/

5) Google Alerts

By far, Google Alerts has become one of my favorite tools, not just for investing, but for news gathering on a variety of topics. But, let’s stay focused! If there is a particular stock that you own, or are considering, go to Google Alerts, type in the company name + the word “stock”, or simply the stock symbol, and you will see a list of headlines and article briefs that are directly related to that stock. If you want to save the alert, simply click save, and you will receive an email update (daily or weekly), depending on your preference, with information around the web regarding that particular stock.

http://www.google.com/alerts

Advertisements
This entry was posted in investing and tagged , , , , , . Bookmark the permalink.

One Response to 5 Tools for Better Investing

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s