Robert R
I put forth a lot of effort trying to learn the stock market but had trouble figuring out "which system was right for me". The right system for me was the one that made money but no one would tell me how to do it. You always have to wonder who is in it for themselves and who is legitimate. I spent a lot of time on Morningstar, CNBC and IBD (all legitimate). Morningstar kind of faded from my screen mostly because of the current growth market, but they still didn't really instruct me. I subscribed to IBD and read and watched and bought stocks while simultaneously obsessing over watching CNBC many hours a day. I finally realized that IBD was on to something. (READ HOW TO BUY STOCKS BY BILL ONEIL!!!) but CNBC kept clouding my vision. For some reason, CNBC Live stopped playing in my browser and so I just started reading IBD. Every article teaches you! Since dropping the noise of CNBC, I've subscribed to Marketsmith (a bit pricey but worth it when learning) and I generally beat the S&P consistently on a monthly basis. If you want something easy and beats the S&P with little work or little outlay for subscription fees, read and subscribe to their ETF strategy. It should be required reading! Lastly, their Earnings Option Strategy is also very good. I just bought my first options today! I will have to report back later on it but it is a LOT safer than buying stocks before earnings. If I sound like a homer. I am! IBD has become my market guru because they have great products, advice and constantly teach you. The cost is not all that much if you look at fees charged by mutual funds. Start with a website subscription, then try free trials of MarketSmith, LeaderBoard and SwingTrader.
6 years ago
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