Investing Resources
General Resources:
- Investopedia - Investopedia is a gold mine for the knowledge-hungry. They have excellent articles and tutorials for beginning to advanced traders. They even have a stock simulator you can play with!
- Elite Trader Forums - Great place to talk with fellow traders about ideas and strategies.
- Insider Buying - Find out where the latest insider buying is happening. Also, check out the history of insider buying for your favorite stock!
- Berkshire Hathaway Shareholder Letters
Stock Charts:
- StockCharts -This site is by far the best site out there for viewing your favorite stocks. You can pick from your favorite chart strategies and annotate the charts as well! I like visiting the CandleGlance Groups page, where you can view up to 10 charts of your favorite tickers at once, as well as view some very useful predefined groups.
- Yahoo! Finance - Add various technical indicators and dynamically drag the chart to the date of your choice.
Screeners:
- Trade Ideas - This is one of my favorite stock screeners. They have a wide array of unique screens that I haven’t found anywhere else and you can even construct your own custom screen! (i.e. 5 consecutive down days, 50 day moving average crosses 200 day moving average, etc.).
- StockCharts Screener - Good technical analysis screener with fairly accurate results.
- CNBC Stock Screener - A fundamental analysis stock screener. They have some good pre-defined screens and also let you create your own custom screens.
- Yahoo! Stock Screener - Generic fundamental analysis stock screener. Useful for screening by industry. They also have a bond and fund screener.
- MSN Stock Screener - Similar to Yahoo! Stock Screener, but with fewer variables.
- StockTA - A comprehensive technical analysis stock screener. Only downer is that the search results aren’t as accurate as you’d like.
Fantasy Stock Markets:
- Motley Fool CAPS: You can track professional and institutional picks and performances. For example, you’ll see that Jim Cramer only has a 47% accuracy rating. This site is very interesting in that it takes the collective whole of every player’s “votes” for stocks and ranks the stock by a CAPS rating. The cool thing is that the higher you’re ranked overall compared to other players, the more influence your vote has on each stock’s CAPS rating. For those of you familiar with Google’s Page Rank system, CAPS is using essentially the same concept.
- Marketocracy: You can build your own mutual fund. This site allows you to see the asset allocation and returns of the top ranking players, but doesn’t let you see the actual stocks held in each mutual fund. The really cool thing about Marketocracy is that they took the top 100 players and their mutual funds, and created a real fund called the Marketocracy Masters 100 (MOFQX) that you and I can actually purchase!
- Investopedia: As I covered in my useful resources for beginners article, Investopedia has a stock simulator where you can test all your strategies. They even allow you to trade options, short sell, and simulate margin-like scenarios.