One of the big requests that I use is for information about how I trade, what tools and services that I use and believe in. I have to start off by saying that it would be nearly impossible for me to list everything that I use because there are simply too many. I will give information about the main ones though and hopefully that will help you. I would also love to hear about anything that you use and might be useful for either myself or other readers:)
-No big secret here, I simply use a laptop for most of my stuff although I am in the process of setting myself up with a new computer with multiple screens, similar to what I have at work which is much more efficient.
-Google finance (finance.google.com) – free – I use it to get info such as P/E ratios, news, etc
-Yahoo finance – (finane.yahoo.com) free – this is a secondary source for Google finance which
-Ycharts – (ycharts.com) free – great source for historical data, for dividends, financial ratios, etc
-StockCharts – (stockcharts.com) free – I personally use a paid version because I am able to store charts for all of the stocks that I personally track, these charts are what I use in all of my stock pick posts
-Trend Analysis – free trial (ino.com) – I have written about the fact that I use some technical analysis not to determine which trades to do but rather to avoid picking bad entry points.
-Google RSS Reader – If you do not know about RSS, it is simply a quicker and more efficient way to read news from several websites. I personally track about 50-60 stocks which helps me keep updated without spending my entire days browsing these sites… if you have not subscribed to IntelligentSpeculator RSS yet, do so now:) You might have heard that Google was going to kill its RSS Reader soon… I’m so bummed. Still looking at alternatives but so far the top one is Newsblur which I’ll soon be trying out.
-Google Docs – As you can see here, google docs is a very good, easy and free way to monitor trades and positions and I have been using it more and more.
-I subscribe to many different newsletters but the one that I get the most out of is John Mauldin’s newsletter. It is free and does discuss more of the macroeconomic issues than anything about specific stocks but the information is very valuable. And yes, it is free to join.
-I’ve also been very happy with another free one that I joined a few months ago, Cognitive Accord which is a macroeconomy etc.
Favorite Investment Blogs/Sites
I’d also like to say that these ones are ours but also highly useful ones:
I am still looking to compare brokers and am not yet decided so I’ll wait before going out publicly on this one:)
I am a strong believer in the buckets approach and that is exactly what I use, I am in the process of writing a much more detailed analysis of how I get it done, so stay tuned for that.
What About You?
I’d love to hear what tools you use, which ones you think I’d like to try, etc:)