Stock Market Guide
Even after years of trading stocks and investing in the stock market, I could still use a little help in improving on growing my portfolios. In today’s economy I have no idea where the stock market is going. How can the DOW be at 10,000? With so many people out of work along with the government spending as much as they have in bailouts and taxes about to go up across the entire board next year, how can anyone have confidence in the stock market. Everyone is looking for a reliable stock market guide to help them understand what’s going on. It can’t be because of Washington’s new regulations on Wall Street. We’ve learn from the past that when the government enacts new regulations on anything, it causes less growth for the private sector.
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When I started trading stocks I knew who I was investing in, typically a once private company that grew to trade publicly on one of the exchanges. I would do my research on each company I wanted to invest in. After reading their financial reports and their balance sheets, I would decide if the company can and would make a profit as it grew even bigger. At that time I would build a position in the company stock in hopes of making a profit for myself.
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So with the way things are today, we can all use some help. My advice to you is not to just stick with a narrow range of places to get the information. There are so many legitimate websites that you have to your advantage that investor of twenty years ago didn’t have. One of the sites that I use is Yahoo finance. Since they are no small presence on the internet, I can find up-to-the-minute information and news releases on companies that I’m invested in or ones that I’m still researching.
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Many seasoned investors and traders know about TheStreet.com, a website site that Jim Cramer help start a few years ago. Jim Cramer has been active in the stock market for many decades and knows what he’s talking about. He also predicted the bottom of the stock market (6500-6700) just weeks before the stock market started plunging. Click the above links, or the banner below to start your free trial of Action Alert and start taking charge of your investments.