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Editor’s note: This is a guest post by Susan Wells
There’s a lot of useless or even harmfully incorrect information out here on the internet. Particularly when looking for info about finances or investment, you have to be really careful to make sure you’re looking at a legitimate source and not at some information thrown together quickly by someone who’s perhaps selling an investment program.
Fortunately, there are enough helpful resources available to steer an investor of any level or experience in the right direction. While some of this information can seem a bit overwhelming, remember that usually the best information is often what doesn’t give you the quickest, simplest advice. In general, typical get-rich-quick strategies don’t work out.
InvestopediaFor anyone just starting out in investing, this site will give you some of the best easy-to-understand information without being too dumbed down or condescending. It’s a lot of information, but once you get through it, you will be a better person and a better investor for it. Investopedia also gives intermediate and expert advice for those with more investment experience, and in addition to their huge amount of guides, the site also offers calculating services, a financial dictionary, trading simulators, and a CFA Exam Prep and Quizzer.
Investment Web Services
With a variety of web services to choose from, each with their own set of features and limitations, you can take your pick of what feels best. The most popular services include Morning Star, Yahoo Finance, Google Finance, CNN Money, and MSN Money. Most investors use a multitude of these services, so I do recommend trying out as many as you’d like until you find one or more that suits you best.
For a great all-around investment site and portfolio tracker, Wikinvest serves well. The site provides plenty of current information on trading, companies, commodities, and global markets in addition to useful guides and articles on budgeting, credit cards, insurance, real estate, taxes, retirement, and investing (of course).
As you would expect from most New York Times online services, DealBook delivers incredibly detailed and useful information. For experienced investment gurus in the thick of investment opportunities, this site provides detailed updates on mergers and acquisitions, private equity, investment banking, hedge funds, IPO, and venture capital. If you’re looking for more basic guides and root understanding information, you should probably look elsewhere. Of course, even with minimal investment background, reading the articles and updates on DealBook for a long enough time will definitely increase your knowledge and understanding of market trends and investment strategy.
Author Bio: Susan is from insurance quote guide, she writes on topics including health/car/life insurance, mortgage, real estate.