For all of the analyses on how wild of a year 2020 has been, it really can’t be overstated how much change we’ve all gone through in just 10 months. For me, January and February feel like some mirror world—a distant, distorted past.
But, as they say, the show, and the economy, must go on. No matter how the pandemic has affected your work situation, the stock market continues to change and grow in a myriad of ways. Just this year, we’ve seen tech stocks explode and then shrink, Tesla outdo itself two times over, and the promise of a new slew of IPOs.
And that doesn’t even begin to cover the way that politics make the stock market swing—a single tweet can alter your portfolio, a proposed bill could help save your business.
There’s no reason, however, to despair. Outside of finding a good therapist, there are plenty of tools that exist that are here to help, particularly in terms of staying on top of your investing. Some, with a little savviness thrown in, can help you get ahead of where you were back in the yesteryear of January.
Personally, I’ve had to become more resourceful than ever. The way I’ve accomplished this newfound resourcefulness is by sourcing information and tools that can help me pick up the slack.
What I did, and what I recommend you do, is make a list of things I felt I was falling behind on. These were:
—sociopolitical news and how they affected the global economy
—expert opinions on trends
—big-data syntheses of all of the above
Fortunately, early on in my search, I found a one-stop-shop of sorts. Chaikin Analytics, founded over a decade ago by stock expert Marc Chaikin, lets me learn better, faster, and easier by centralizing all the information I need in one location.
From their newsletters, I learn about the topics of the day, which helps me move my money as the world moves. From their webinars, I’m able to digest large-scope analyses of macro trends. From their articles, I can deep dive in just a few minutes. And from their algorithms, I’m able to stay ahead of trends.
Now, there are plenty of resources out there that will give you variations on these themes, but what separates Chaikin Analytics is its PowerGauge.
The PowerGauge is a high-velocity tool that rates hundreds of stocks, telling you with simple and straightforward visual information which way a stock is headed. This predictive program has helped me get in on stocks about to rise and get out on stocks about to plummet.
Getting the right information at the right time can make all the difference in maintaining a steady, impressive portfolio. Making sure you’re using all the tools at your disposal to nail timing is the best way to weather a year like this one.