Investors are always striving hard to grow their portfolio and seeing it grow with buy and hold strategies and trading strategies is the ultimate reward. However, you may be questioning how to find the best investment strategy and best stock pickers. Finding those things will enable you to find the next top stock and high-quality trade setup.
If you are looking to boost your portfolio in the long-term, subscribing to the best stock picking service can do that for you. Short-term traders can also find ways to beat the market with the correct investment advice. Then comes the more difficult part.
With so many stock picking services out there that all seem great, how do you choose the right one? You will want to see good pricing, high returns, and a good reputation, however, a lot of services seem to have that. That is why we have done our research and created an optimized list of the best stock picking services.
These stock picking services have proven themselves over and over and have a proven track record along with a strong commitment to aiding investors to make the correct financial decisions.
What is a stock picking service?
Before getting started, it is a good idea to understand what a stock picking service is and exactly what it does. Rome wasn’t built in a day and your investing journey applies the same rule. Stock picking services recommend specific stocks to their clients and subscribers that they may find interest in.
Investors can make fairly decent returns while following the advice of stock pickers. This is because stock pickers often have thousands of loyal followers, so they know what is right and what is not.
What makes a good stock picking service?
Transparency is everything when it comes to a good stock picking service. A good service should be transparent regarding their entry and exit fees and traders/investors need to be able to archive similar returns by copying those trades. The world revolves around good marketing; however, marketing isn’t always the truth.
The saying ‘too good to be true’ applies in most areas of the world. If something sounds far too good, it likely is. There are plenty of great investors and traders throughout the world who may make a considerable amount of money by investing and they are constantly growing their portfolios, however, subscribers and clients must also be able to archive these results.
If you aren’t making money, it is a waste of time to be watching over the shoulder of someone who is and even worse, paying for it.
Investors are in this to make money, so it would be a stupid idea to pay extreme fees as they would likely overshadow your returns. One thing to remember is that the lower your costs that are associated with the investment process are, the higher your returns may be. These days, stocks can be traded with little to no commission, which is excellent news for investors worldwide.
Then, we move on to fixed costs. Fixed costs should be kept as low as possible per month independently from the trading style. An investor can expect to receive stock trade alerts that boosts the stock a significant amount, however, in the end, only the net profit will count.
Proven track record
Nobody wants to put time and effort into something that may not be legitimate, and that is why a proven track record is essential for stock picking services. Money is a prized asset, so nobody wants to put it into the hands of someone they cannot trust. Great stock picking services will offer subscribers the most recent stock pics or sometimes even the full history with all the details needed.
As above, stock advisors must be transparent and should make it clear exactly how the service works, how similar performances can be achieved, and how trading signals are used. Long-term success should be proven by steady performance.
The stock market is an excellent choice for boosted income and extra wealth opportunities. However, how can you expect to achieve the best results without significant education? Doing your research is a highly valuable part of investing. With the right education, you may even be able to become your own stock advisor.
Now, let’s look at some of the best services available right now.
The Motley Fool Stock Advisor
If you have been in the investing world long enough, you have definitely heard of the Motley Fool. The Motley Fool Stock Advisor is best for buy and hold investors; however, it can be a great tool for absolutely anyone and is a great way to dip your toes into the investing world.
The Motley Fool Stock Advisor is a great newsletter that is published by The Motley Fool. It provides subscribers with an amazing insight to stock trading picks and is one of the best investment newsletters you can get your hands on. Now, to some pros.
- Since its inception in 2002, it has maintained a great track record
- Stocks picked from reliable and experienced investors
- 30-day money-back guarantee
Mindful Trader is most certainly making its way up in the ranks and is becoming a new, insightful, and data-driven stock picking service. Eric Ferguson from Mindful Trader has worked exceptionally hard to design, code, and thoroughly test trading strategies that are behind text alerts. He personally provides all customer service and has a hands-on approach.
Eric Ferguson has spent many years searching for the truth about which strategies make money in the stock market and which ones aren’t profitable by thoroughly digging through historical data. Being a Stanford graduate who got a perfect score on his SAT test, he knows numbers and digging through them is right up his alley.
- Plenty of time to respond to alerts
- Easy to follow
You may have previously been wondering how to pick stocks the right way, but the two aforementioned stock picking services both utilize vastly different methods and a wide variety of knowledge. They are both a great starting point and an easy way to begin investing.