Broaden Your Investment Perspective
In today’s investing world, it is easier than ever to find plenty of information on any given investment topic. Unfortunately, it seems many of the top stock resources you find online are full of over-simplistic jargon that doesn’t give a full story. I believe it is important for new and seasoned investors to know where to look to get a diverse investment picture.
Many of the following resources I provide are used by successful investors. We recommend taking time to look through all links listed here to broaden your investment perspective. Many of the links listed below are affiliate links, which means I may earn a small commission if a purchase is made through the link. However, I insist that all links provided below I use personally and swear by.
Starting Simple
The investment market can seem like an infinite universe for early investors. So to begin, it’s important to understand everything you read about companies and the economics surrounding them. The best place to start is Investopedia.com. From there, you can find all terms that you could possibly know related to finance.
Next, is finding overall market commentary from professional analysts. Morningstar is a great value investor resource for those looking for macroeconomic ideas.
For information on specific stocks, and other investment ideas, SeekingAlpha can be a great place to start once you have holdings in your portfolio. The system they have created encourages authors to put their best work forward. So the top creators, are usually putting out high-level content.
Lastly, I will keep this brief but these are all search terms that will help you grow immediately as a value-based investor. Understanding Price/Earnings, Price/Sales, and Debt/Equity ratios are some of the foundational topics to understand and compare company valuations. Also, understanding how to dissect a financial statement can assist you with better understanding a company’s financial picture. Last but not least, following companies’ earnings calls can be very rewarding for a dedicated investor. I have found that EarningsCast has been an invaluable addition to my investment resources. Here, you can find many of the top released earnings calls.
Growing Your Knowledge and Skillset
Two of the most important characteristics of a value investor are having a well thought-out investment plan and understanding risk.
One of the best ways to create an investing plan is understanding entry-points for investments. Stockcharts offers an interactive financial charting platform that allows new investors to build new strategies when it comes to investing. This website allows investors to take charge of their investments from a technical perspective.
The next application can be paramount for helping new investors track their successes and failures from the beginning. Sharesight allows investors to keep track of their investment performance. Another key characteristic of value investors are buying quality, high-dividend growth stocks. This site also allows you to track your dividends as they grow over time. (More on this topic in later posts!)
Putting It All Together
The last, and most important part is putting all the skills required together. Investing is somewhat like a sport to me. Just as golf is a mind game, investing is all about maintaining discipline, keeping you composure, and striking when you have the conviction to do so. Once you have put all of these skills together, along with a vast knowledge of what makes a good investment, then you will be able to thrive in the market.
Moving Forward
From here on out, we will look to continually add to this list of resources. One of the greatest aspects of investing is the ability to consistently learn from great minds that have found success in unconventional ways. My goal is to start to share some of my top investing books and podcasts that help me stay “dangerous” in the market.
As for now, please give all of the links provided above a good read and see if you can find some good resources of your own! After that, take a look at our main Blog page to see our most recent stock coverage as well as in-depth market analysis!