Tips on Finding Stocks to Buy Now

February 3rd, 2010 by admin

There are certainly a number of sites with advice on how to find stocks to buy now and which ones are the next can’t miss, out of the park, make you a millionaire winning stocks. The problem is that when it is your money you want to make sure that your trading system in picking the stocks to buy shares in is solid. How then do you pick which ones to invest in.

You could always ask a broker which stocks are currently undervalued and poised to go up. The problem there is that every broker has their own bias and ideas and they may each be different. Also, you end up paying for that broker’s advice if you use them to help you invest.

Another way is to do your own research. There are many different stock screening sites available. Some of them you will pay a fee to for their advice. Others are free but either hard to find and which ones do you trust. Morningstar.com has a good research site to help you filter out mutual funds, eft’s or different stocks. Google finance or MSN.Com/moneycentral are also good places to go. Both of these sites have stock screeners and filtering abilities to decide which stocks to look at further. They both have both fundamental and technical analysis tools to help you to do your research.

At MSN.com moneycentral you can also use their rating system to further decide if the stocks you are looking at is a solid investment. The advice here is to not look at stocks with a rating below 8. That way you are filtering out those stocks which are poor risk stocks. Speaking of risks, NASDAQ.com has a risk meter you can input your stocks into to determine how risky of an investment they are. Also you can use the grid found at http://www.assetcorrelation.com/user/enter_custom_port to help you determine how diversified your potential portfolio actually is. Mystocktradingtips.com will soon have a video available to walk you through how to use these sites and how to pick stocks that are worth further analysis. With the thousands of available companies available to invest in, a good filtering tool is necessary. Every investor out there is trying to identify those sectors and stocks that are poised to move upward.

All of the content published on this website is to be used for informational purposes only and without warranty of any kind. The materials and information in this website are not, and should not be construed as an offer to buy or sell any of the securities named in these materials. Trading of securities may not be suitable for all users of this information.

Leave a Reply

My Stock Trading Tips

Tips for Creating Wealth by Trading Stock
your logo here