5 Stock Picking Services To Explore Today
July 22, 2021 (Investorideas.com Newswire) When it comes to investing, picking stocks can present a challenge. If you're new to investing, using a stock picking service is a good way to get standard in an exciting investment adventure. Stock picking services supply specific recommendations to their subscribers. They also play a dual role as a means to educate potential investors. While there are many different services out there (each with its own quirks and usefulness), they're a good way to get started with investing. That's why you might want to think about using a stock picking service to handle some of the more difficult aspects of picking stocks for you. Finding the one that suits your portfolio the best comes down to doing your homework and understanding what each one provides. To help you make a decision on what's best for you, here's a look at five different stock picking services, along with the pros and cons of each. Take a look below.
Motley Fool Rule Breakers
Motley Fool-a fairly big name in the investing world-has a few stock picking services in their arsenal. The first is called Motley Fool Rule Breakers. Presented in a newsletter from one of Motley Fool's founders, David Garder, it focuses on disruptive growth companies and companies who may end up leading the market in the near term. Rule Breakers is really meant for folks looking to take advantage of high-growth stocks in growing industries. Instead of seeking dividends that payout over slow growth periods, the idea is to grab hold of some growth stocks (preferably in a fast-moving industry) and see what they do over time. Some of their picks have a good track record of increasing quite a bit over the period of a few years. The stock picks can offer a greater return but may suffer from greater volatility if the market turns. Some subscribers of this service have experienced quality growth and held stocks that consistently outperformed the market. That doesn't mean it'll work for everyone, but some investors have had great success in the past with it. The service releases a new recommendation every Thursday. Twice per month, it'll be a new stock recommendation. On the third Thursday of the month, they tell users about their five best buys, which are five stocks chosen from previous Motley Fool recommendations that either performed well or offer an upside. The fee for Rule Breakers sits around $99, but it does come with some excellent stock picks according to various users of the service-even if it's not ideally suited to day trading strategies.
Motley Fool Stock Advisor
Motley Fool's second offering, Stock Advisor, is a bit different than its Rule Breakers service. Stock Advisor recommends high-quality growth and blue-chip stocks. They focus on tech, healthcare, industrial, consumer, and financial stock picks. According to a recent Motley Fool review, the service is ideal for long-term investments, as most of their picks statistically make money over time. Some of them even beat the S&P 500 at times. But the key here is being in it for the long haul, as most of their picks take time to beat the market. But when they do, they outperform by a large margin. Using this service benefits most from investing in a larger basket of stocks to get better performance over time. Like its sister service, this one costs $99/year and comes with loads of benefits. These included starter stock recommendations, two fresh stock picks every month, ten "best buy" stocks, plenty of investing resources, and access to Motley Fool's thriving community of successful investors. Of course, nothing is ever guaranteed, but Motley Fool's Stock Advisor might just be one of the best investing tools and stock picking services available today in terms of educational value.
Pilot Trading is one of those investment apps that's optimized for mobile use. Its goal is to help investors find stocks and trading opportunities in real-time. It's on the low end of the price spectrum at $19.95/month following a free trial period. The idea here is to have an app available that informs you of an opportunity. When it comes along, you can act on it quite quickly through Pilot Trading's app interface. It boasts that it's built around four mysterious algorithms (perception, commitment, equilibrium, and sentiment) and uses predictive models to make its suggestions. As with every other stock-picking service, it makes no guarantees of profit or success but provides superb tools for getting started with investing. They use a range of scores from -100 to +100 to make suggestions about buying or selling and have a fairly unique interface. On the downside, it doesn't have the extensive resources some of the other services offer.
Trade Ideas is an artificial intelligence-based stock picking service. What sets them apart from some of the others on this list is how their services are technologically driven. Trade Ideas is a comprehensive tool that teaches people how to trade and invest in stocks. It uses a simulated trading platform-kind of a software simulator-that helps you capture trades in real-time. Everyone involved with Trade Ideas comes from a reputable background in investing and venture capitalism. This one is ideal for day traders. Day trading is a more active form of investment that hinges on buying and selling during the same day or multiple times throughout the day. It can be risky, touchy, and lucrative-but not understanding what you're doing or making a bad trade can lead to problems. There's a high volume of trades involved in day trading and it requires some strategy and planning. It's a highly tech-oriented service that uses a simulated trading environment to help its users invest wisely. Their AI assistant helps research the technical, earnings, and analytical data of various stocks and commodities to provide real-time recommendations. They also send out a "Trade of the Week" newsletter. The downside is that this service is rather expensive, at $228 per month at the premium level or $118 per month at the regular level. There is, however, a free version with reduced features.
The biggest appeal of Trade Ideas is that it can work for day trading and long-term investing with its comprehensive data solutions and AI-powered investment tools.
Mindful Trader is intended for both beginners and experts, with a focus on the former. Beginners can use it to jump into their first trades, while experts might be able to glean some insight into beneficial trades they can make themselves. Run by Eric Ferguson-an economics major and accomplished mathemetician-Mindful Trader is intended to be an advising service based on data, research, and analysis while hoping for the best possible outcome. He explicitly states there is no guarantee of making money, but it's a good place to get your feet wet. In Mindful Trader, Ferguson sends one to three trade alerts each day, usually before 3:00 PM in the afternoon. Delivery comes via text message or email. Since the trades are done initially by Ferguson himself, he'll tell you how much he paid, the ticker name, and the profit exit for the trade. Ferguson also gives advice on when to close a trade, to help you protect your investment. Mindful Trader also offers direct communication via email with Ferguson, access to a blog, and a few other resources. Subscriptions run about $47 for regular trade alerts. It's a relatively new service but has years of data backing it up. Whether it's worthwhile for your needs is up to you, but it's appropriate for entry-level trades at the very least.
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