Newsletters and other information sources
If you don't have time to do the research yourself then one option to
consider is to invest in a reputable newsletter, where experienced
research analysts do the work and then present their conclusions in a
weekly or monthly newsletter. The main disadvantage of this method in
the past has been the fact that by the time they are printed and posted
they are already out of date, as the market may have moved on. These
days with email delivery the time frame is shortened significantly and
they can still
be relevant. If they are posted to a website on a daily basis they can
still be up to the minute for trading purposes.
The performance you get from the newsletter will still be dependent on
the calibre of the people producing it. While they act as a
filter for
the stocks that you look at, it is still a good idea to learn how to
assess each stock for yourself, using whatever approach you understand
best before you place the trade. This could be by Technical
Analysis or
by Fundamentals, or a combination of both. Remember that you are
responsible for your own decisions and you should not blame others if
the information provided doesn't always produce the desired results.
Even the best get it wrong some percentage of the time. Your goal
should be to aim for something better than 60-70%. to achieve your
goals. You should also plan your exit strategy if the trade goes wrong.
If you are not
prepared to put in the work
effort to educate yourself, and take responsibility for your own
decisions, then your only option is to consult a licensed financial
advisor. The advice you get is then dependent on the calibre of your
choice of advisor.
The offers from each newsletter vary. Some focus on recommendations but
others provide more extensive services including SMS alerts, education
and training. Some will include giveaways like books or wine when you
take out a subscription.
Check them out and see if you like their offer.
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