The two sites below are both free and easy to use. With a watch list, you create a personal list of “best stocks” to own when the price is right. You can literally write the stocks down on a notepad, build your own spreadsheet, or you can take advantage of sites that offer free watch list tools. Then, when a stock drops on some short-term bad news, you can pick it up for a steal. This way, you keep an updated list of great companies you want to own. It’s a lot easier to remember the stocks if you’re tracking them somewhere. It may work at the grocery store but it’s a bad recipe for investing. There’s a 100% chance you’ll forget something (it’s always the one item you absolutely want), you’ll buy something you don’t need, and spend too much. Shopping for stocks without a watch list is like grocery shopping by memory. It works when you’re just grabbing bread and milk. You ever go grocery shopping without writing down what you need. You can try to remember it or you can write it down. It keeps you updated on all the news and information around the stocks and funds you own.Ī stock watch list is most useful for tracking those great companies you run across through research but don’t meet your price requirement yet. First, it’s an easy way to track your portfolio. There’s a number of reasons to create a watch list. An investor armed with a good stock screener, an investment checklist, and a stock watch list is set for success. There are a number of great tools you can use to simplify and streamline your investment process.
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