In the beginning investors are confused over the overwhelming world of investing. How does one invest? What are all these jargons and investment strategies? Do people memorize all these words? Now that you know these basics already, the next step is finding good stocks to buy. How do you select the right stocks anyway?
Following your friends’ advice might just be as good as tossing a coin up in the air to guide you in your decisions. When asking for advice, regarding selection of stocks, you have to find out what steps they took to get to that decision. If it’s merely a matter of their instincts, then stick to your coin. Seriously, there has got to be some reasons behind their choice. Online, you would find different investment websites with their top ten picks daily or weekly.
It is best that you update yourself with this kind of information. Not all of them may be financially-sound, but at least you get to see which kind of strategies they apply in their trading. Some may have conservative approach while some are huge risk-takers. In a few days, you would be able to compare whether their predictions and strategies were effective. From then, you would be able to discern for yourself which are good stocks to buy.