If you’re just starting to build your investment portfolio you might not be too familiar with stock newsletters. In fact, you may not have even seen one yet. But they’re out there – hundreds of them. And you need to start reading them. The following are benefits to subscribing to these newsletters:
You’ll learn something – Stock newsletters are written by experienced professional traders – people who’ve already made all the mistakes and now they’re just making money. Learn about market analysis, money management and trading strategies. The more you know the better your portfolio.
You’ll save time – The newsletter service does all the research and puts everything right out there in black and white for you to peruse and compare. They have access to more high-tech software than you could ever hope to get your hands on and there’s no way you could ever do all of that in-depth research yourself. Let them do the legwork and you just sit back and make some more money!
Protect your money – The stock market can be a very scary place – especially in the beginning. Newsletters give you tips on how to limit your risk and keep your money safe and how to use money management techniques to limit your liabilities.
Predict the next big trend – Market analysis is crucial if you’re going to make money with stocks. Newsletter authors have constant access to all the information and are in a better position to recognize and predict trends. Some newsletters even go so far as to send emails on a daily basis to alert you to daily trends.
Hear from the Pros – Many stock newsletters are either written by the pros or they have in-depth interviews with the pros. Again, the more you read, the more you’ll learn, the better your portfolio.
Good, sound advice – If you’re new to investing you’ll find great tips and suggestions and exact purchasing advice that will help you be successful from the very beginning. You’ll be able to avoid those costly mistakes that newcomers always seem to make and it’s always more motivating if you start off as a winner.
Email support – Most stock newsletters also offer email support now. There’s a live person on the other end who can answer all of your questions the minute they occur to you. He’s there to support you, and that means a lot. When you’re working online from home, and there’s no one else around, it’s always nice to have someone you can bounce ideas off of.
There are dozens upon dozens of stock newsletters available and the first thing you should do is check with your investment firm to see if they have one available. However, you might be a little more daring with your money and if that’s the case you can subscribe to all the newsletters you want. The more you read the better your investment education. Here are some things to consider when choosing which stock newsletters you want to follow:
What kind of trader/investor are you? – Each newsletter has it’s own particular slant on trading – are you a day trader, short term trader or long-term trader? Do you trade in penny stocks, trendy stocks, or swing-stocks?
Consider the source – To coin a phrase – “You can’t judge a newsletter by it’s cover.” Before you subscribe, check out the author. Does he have a background in business or lawn care? Does he trade stocks or baseball cards? Does he predict futures or fortunes? Make sure the stock newsletter you’re considering is being written by a reputable source.
Investment style – Do they believe in high risk investments or are they more cautious in their approach? Each newsletter is going to be different in it’s investment strategies and that’s understandable. But if they fly in the face of common sense practices you’ll want to know that up front – and you’ll want to know why – before you start following their investment advice.
Information – We’re talking about your hard earned money here. You don’t want someone to just tell you where to invest it. You want them to also explain to you why you should follow their advice. The more you learn the better you’ll get at picking your own stocks. Plus the fact that, at some point, you might disagree with their reasoning and decide not to take that advice. And you’ll be glad you did when you see that stock tank the next day. But you won’t be able to make that decision yourself if you don’t understand the business.