One of the biggest challenges that new investors face is figuring out where to go for reliable investment help. The good news is that you don’t have to go it alone when it comes to investing. There are dozens of high-quality services that can help you learn how to invest smartly and that offer the news, research, and tools you need to set up a portfolio.
In this guide, we’ll cover some of the most valuable resources for investing. Many of these are free, but we also highlight several paid services that can make a big difference in how you invest.
The Importance of Investing Resources
No investor is an island – nor should they be. Successful investing requires a huge amount of knowledge, not to mention ongoing research and good timing. Investing resources plays a critical role in helping you get your investments off the ground and build a portfolio that matches or beats the market.
Resources specifically for new investors cover everything you need to know about building a strategy and honing your instinct for investment research. Stock research and market news resources make it easier to sort through thousands of stocks so you can focus on the ones that have the most potential. Finally, stock picking and auto-investing services enable you to invest successfully without turning investing into a full-time job.
Best Investing Resources
We’ve broken down the best investing resources into several categories. While not every investor will need resources in every one of these categories, it’s worth exploring each of these platforms to see whether and how they can help you succeed.
Best Investing Education Site: Investopedia
The best thing beginner investors can do to prepare themselves for the market is to bulk up on their investing knowledge. That’s where an educational site like Investopedia is invaluable.
This free site is an online encyclopedia for investors. It offers well-written, accessible articles on everything from opening a brokerage account to how to diversify a portfolio to what a stock actually is. If you’re just starting out, Investopedia even offers entry-level courses that you can follow to learn the basics of how the market works and explore simple ways to invest.
As you dive deeper into Investopedia, you can also learn more about advanced topics like fundamental stock analysis and risk management. Investopedia won’t tell you to use one specific investing strategy over another, but it will give you all the information you need to make informed decisions about what investing style might be right for you.Click Here To Check Out Investopedia
Best Stock Research Site: Yahoo! Finance
Yahoo! Finance is one of the best places to get started with stock research. You can enter any ticker, and the platform will bring up an easy-to-read summary that covers everything you need to know about the stock. The overview includes a price chart, recent news, a summary of what bull and bear analysts are saying, and a simple performance outlook.
If you want to dive deeper into researching a company, Yahoo! Finance tracks companies’ income statements, balance sheets, and cash flow reports and makes all of this data available in a table. You can also see Wall Street analysts’ price predictions for a stock and check what institutional investors hold it.
Most of the information available on Yahoo! Finance is free to access. If you want in-depth predictions about a company’s future value, including fair value estimates, a Yahoo! Finance Plus subscription costs $25 per month or $250 per year.Click Here To Get Started With Yahoo! Finance
Best Investing Book: How to Make Money in Stocks
How to Make Money in Stocks by William O’Neill is a classic investment book that offers lessons for both new and experienced investors. It’s a pleasure to read and includes dozens of examples, with charts, to illustrate the concepts that O’Neill wants investors to take away.
At the heart of this book is the CANSLIM investing strategy, a seven-step process for evaluating whether a company is worth investing in. Breaking the research process down into a series of smaller evaluations makes the strategy more repeatable and helps break the tendency many investors have for emotional investing. Importantly, O’Neill’s strategy has been demonstrated to work in a wide variety of market conditions, both good and bad.Click Here To Get The Best Price On How To Make Money In Stocks
Best Financial News Platform: CNBC
Having access to fast-breaking financial news is essential for understanding what’s going on in the market. CNBC is one of the best news resources for investors because it doesn’t lose the forest for the trees. The site covers plenty of stories about individual companies and market movers, but the bulk of CNBC’s coverage is at the level of sectors and trends. The platform also does an excellent job of tying seemingly niche stock news back to broader market events and global news stories.
CNBC also has a wide range of market experts represented on the platform, so you can keep abreast of everything from stocks to bonds to cryptocurrency. The coverage doesn’t shy away from opposing views, so you get a fuller picture of what experts with different backgrounds think about the latest market developments.Click Here To Get Started With CNBC
Best Stock Picking Service: The Motley Fool Stock Advisor
Having a stock picking service can make it easier to find the best companies to invest in and eliminate a lot of the hard work of doing your own stock research. While there are many stock picking services available, The Motley Fool’s Stock Advisor is undoubtedly one of the best. Since launching in 2002, it’s returned 491% compared to only 130% for the S&P 500 (as of March 2022). Plus, it only costs $199 per year.
Stock Advisor includes two stock picks per month, which you can invest in right away without worrying about specific entry points or price targets. It’s incredibly easy to follow along with the Stock Advisor portfolio. Even better, the service includes a portfolio of recommended starter stocks that new investors can add to their portfolio at any time.Claim Your New Member Discount at The Motley Fool
Best Stock Ranking Service: Zacks
Zacks is an investment research firm with nearly 45 years of experience studying the market. The site gives you access to research from its team of in-house analysts as well as numerous tools for picking stocks to invest in.
What really makes Zacks useful is its stock ranking system. Zacks analysts give every stock a grade from A-F in three categories: value, growth, and momentum. In addition, each stock is given an overall ranking from 1 (strong buy) to 5 (strong sell).
You can look up analyst rankings for any individual stock for free. Zacks also offers a premium service for $249 per year that offers lists of top-ranked stocks and access to a stock screener that lets you sort stocks by their rankings.Get A Free Report When You Sign Up For Zacks
Best Auto-investing Platform: Acorns
Auto-investing platforms, also known as robo-advisors, can help you build a diversified portfolio and keep you invested with almost no effort required on your part. Acorns is a great platform for investors who want to set up an investment account and then forget about it.
This service will create a custom portfolio of stock and bond ETFs based on your investment goals. It will also keep your portfolio balanced over time, so your investments stay on track. Acorns makes it easy to set up recurring investments or even transfer spare change from your debit card purchases for investment, subtly pushing you closer to reaching your investment goals.
Acorns costs $3 per month.Click Here To Get Started With Acorns
Conclusion: Investing Resources
Taking advantage of the many free and inexpensive investing resources available to you can make it much easier to succeed in the market. Whether you want to brush up on your investing knowledge, find and research potential investments, or get help building a portfolio, these investing resources are great places to get started.