As the old saying goes: the best time to plant a tree was twenty years ago. The next best time is now. Following a healthy half-decade as an at-home trader, I felt the exact same way as I discovered these 5 sites, which I now view as essential. I wish I’d discovered them on day one—you will, too—but I feel thankful every day I have them at my disposal.
Looking back, I can’t believe the time I wasted and the money I missed out on by trying to muscle my way through learning and investing. These 3 sites help me be more efficient, thorough, careful and informed. What more can you ask for?
Behind every good investor is a good analytics program. At least, there should be. If you’re not getting the bonuses of an analytics program you’re most likely falling behind for no reason.
Like everything online, there are so many options out there that it’s easy to feel outright overwhelmed. That’s why I appreciated Chaikin Analytics straightforwardness so much: through newsletters, quick daily updates, deep analytics, a pretty sweet survival guide and webinars, I can learn at my pace and through the method of my choosing.
With their PowerGauge— an analytics behemoth that tells you which way a stock is trending—I’m able to quickly discern what stocks I should be looking into deeper and which I should avoid.
Chaikin Analytics does charge a monthly fee, but you get what you pay for. I tried freebie analytics sites and most of them left me stranded or spent their time trying to sell me something. Chaikin Analytics makes it easy.
2) Try2BFunded
I have two portfolios: one I use as a testing ground and another where I implement these new strategies. With Try2BFunded, I’m able to mitigate my risk by using someone else’s money with my testing ground.
My favorite prop trader, Try2BFunded let’s me use up to $100,000 of their capital to execute trades, then lets me take home 60% of the profits.
While I have to stay within Try2BFunded’s profit parameters, I love that I can make moves I would be unsure of if I was using my own nest egg. I get to trade more aggressively and learn about new sectors while I’m making money.
Anything that pays for you to learn is an avenue worth pursuing.
3) fool.com
When I want access to even more info than what I’m getting, I turn to the Motley Fool. While there are plenty of other news and investing opinion sites out there, I admire that the Motley Fool is so downright thorough.
It’s a rare day that they miss a story I’m interested. Their strategy seems to be “leave no stock unturned,” which means no matter how obscure I feel I’m getting, the Fool has got my back.
Their winning track record over the last twenty-some years makes their reputation earned, but their dedication is what keeps me coming back.
