Do you feel like you could have a better handle on investing? Could you be more prepared for your retirement? The answer to both questions is probably yes, and thankfully, you can also say yes to help from five investing tools that Chuck Price, the Financial Doctor, has compiled for you. Check them out!
Is your asset allocation right? Are you making strong investment picks or leaving yourself exposed to a world of financial hurt? Rather than buying and praying, you can head over to TheStreet and study what their financial analysts think. By sifting through the wealth of information there based on proprietary models, you can analyze investments based on a variety of factors, such as:
• Current events
Armed with this knowledge, you’ll be better prepared to weather the stock market storm when waters get choppy.
Do you know the difference between inflation and deflation? Puts and calls? Technical investing versus value investing? Most of us can get a lot of benefit out of visiting Investopedia University. You’ll learn about topics as varied as:
• Dow Theory
• Forex trading
• Technical analysis
• Exchange-traded funds
• Student loans
• Behavioral finance
Don’t stay in the dark about any of these and other important investing topics. Investopedia is a great resource to help you stay on top of finance jargon and subjects.
Imagine if you could see the performance of your portfolio at a glance, see your asset allocation, and observe how the portfolio is faring compared to the stock indices. It’s not farfetched at all, thanks to an impressive online program known as Personal Capital. It’s great because it automatically syncs the information from your current investment accounts and presents that data as graphs and charts. This will help you to stay informed about the state of your portfolio.
Investor.gov is more like an investor’s toolkit, but each individual tool is a worthy addition that you should consider using. Whether you want to test yourself through a financial quiz, make a calculation on their compound interest calculator, or scribble some notes on a worksheet about your finances, you’ll be able to take all this to make better decisions about your investments.
While the other tools are worthwhile, nothing will change your mindset about finance and retirement the way the Financial Doctor’s book is going to. If you love the idea of getting a 1000% percent return on investment, go buy Investing Simplified. With the cumulative effect of new and more sophisticated financial knowledge, you’ll be better equipped to make the right decision on your investing choices. In the end, that’s what it’s all about!