Note – The following blog post may contain affiliate links. I earn a small commission if you click on a link on best websites for stock quotes and make a purchase. Like always, all opinions are my own.
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.
Today, the easiest way of getting stock quotes is through the internet. There are numerous websites that offer free stock market quotes to people who want to get updates and ideas on how much share prices have been in the last few minutes.
There are some great websites to find the best stock quotes and information.
Delayed Quotes vs. Real Time Quotes
Quotes that show the prices of stocks in the last few minutes (say, 20 minutes) are called Delayed Quotes. They give you an idea of the most recent prices but do not tell how much they presently cost.
On the other hand, there are Real-Time Quotes which show the present share prices, although these are pretty challenging since actual prices change all the time, even at the point where someone initiates the buying of a share.
For stock trading professionals, Level 2 types of stock market quotes are the best way to be able to read and analyze the movement patterns of prices. With such quotes, they are able to calculate the cost of the stock shares once they do their own bids or moves.
Also, the natures of the institutions, the buying and selling prices that were offered, and the number of deals are shown by these types of stock market quotes.
The Best Websites for Stock Quotes
Yahoo Finance is a great website for the best stock information and stock market quotes especially since they provide both delayed and real-time quotes for free through this website. The positive thing about this website is that it is actually a good source of information for beginners who are interested in investing in the stock market.
Although their quotes may not be enough for professionals in the stock market, they also offer lots of information on stocks and basic and essential information on the matter.
Google Finance offers massive amounts of information on the stock market and detailed stock quotes to offer, Google Finance is one of the top five websites to get stock market quotes.
Modest Money’s Stock Wizard
Modest Money, the popular personal finance and investing blog, has created Stock Wizard which gives investors a huge host of company stock data and information to help investors make great investment choices. The Modest Money Stock Wizard helps investors to research and analyze stocks before making any trades
Stockcharts.com is another website where you can get reliable and easy-to-understand stock charts. They also have other benefits such as the possibility of displaying their charts on other sites and blogs to make them more accessible to people. Because of this, they were labeled as the best technical analysis website.
Investopedia.com also gives free stock quotes plus tutorials on how to stock trades are done in reality. They give out preparation materials necessary for one to play a good game in the stock market.
Marketwatch.com is a user-friendly site that offers stock quotes and all types of information regarding the stock market. It is even used by Yahoo and Google as a source of their information which makes it reliable and trustworthy.
There is an excellent wealth of investing knowledge on the internet today. These are five of the best websites that you can check stock quotes and receive a huge amount of other great details about stocks and their charts.
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 into 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
How to Buy Stocks
Anyone with other hobbies and a day job knows that. If you’re looking for a simplified, low-cost solution to the confusion swirling around the stock market and best investment strategies, then Robinhood Financial, the investing app, has something for you.
Robinhood’s number one selling point is that it offers online investors free access to stock and ETF trading. This is almost unheard of. Even “low-fee” online investment platforms still cost investors considerable rates of commission on each trade. E*Trade and Scottrade charge $6.95 per trade, and Fidelity and Schwab charge $4.95 per trade.
These low-fee online trading platforms also have considerably higher account minimums ranging from $500 (E*Trade) to $2,500 (Fidelity and Scottrade). Robinhood, on the other hand, charges $0 per trade and has a $0 account minimum requirement. This makes it easier to invest even if you only have a little money upfront. Robinhood’s no-fee trading undercuts old-school brokerages.
Robinhood is able to make money through its Robinhood Gold program and collecting nominal interest on account balances. If you’re looking for a truly no-cost way to get started in the stock market, then Robinhood is a great place to start.
Places to Find Great Stocks to Invest In
One of the biggest complaints that I often hear is that people do not know which stocks to invest their hard-earned money in. Don’t get me wrong. Most people should be investing in index mutual funds, Roth IRAs, and their company’s 401k retirement plan, but there is also something to be said about investing in shares of individual common stocks.
I routinely invest only 5% to 10% of my total investment portfolio in individual stocks in order to be properly diversified. But, where can you find stocks of quality companies to invest in? Here are a few ideas…
Ideas for stocks to invest in are all around you. I routinely can look on my desk and the desks of my coworkers to find the products of great, quality companies to invest in.
For example, I currently own several Dell computers both at work and in my home office. I also own several iPods, an Apple iPad2, and I’m currently saving money in a savings account that I nicknamed MacBook Air as well.
You probably already know that I’m a huge Dr. Pepper fan. I’ve personally owned the stock for well over a year when Dr. Pepper Snapple Group spun off from Cadbury Schweppes. This is just one stock of a drink or food group that I own because I love their products.
Coca-Cola is another example of a stock that I own because I drink their sodas like they’re going out of style. Warren Buffett hit the nail on the head when he said that you should invest in what you know. You know what you buy, and that should be one of the biggest driving forces in your stock purchasing decisions. Do you like the company? Do you like the product? You may have a winning stock on your hand then.
If you simply paid attention at the mall, then you would have had a lot of investing ideas. One of the keys to great investing is spotting the next trend before the suits on Wall Street. Have you seen the explosion of True Religion jeans? If you had, then you would have been in on one of the great growth stocks of the past year or so.
Your Children’s Rooms
I’m a huge fan of toys. I guess that what people say is true that some of us never grow up. But, if you look at some of the toys that our children are dying for us to buy, then you will see great investment opportunities as well.
Does Hasbro make the hot toy that your child has to have this Christmas? Is it Mattel that makes it? Or, is it some other toy manufacturer all together? These are the types of trends that you should be looking at when trying to find stocks to purchase.
You can’t say that you don’t know what stocks of companies to invest in. If that is the case, then you simply are not paying attention to your surroundings. There are ideas everywhere. You just have to be in tune with them.
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.
Note: This does not constitute specific investment advice. You should do your own research and find companies that are right for you. Or, you should seek out the experience of a qualified financial planner or stockbroker to help you find the right stocks to pick. But, I fully believe that you can pick your own stocks and mutual funds with the right amount of research, passion, and study.