Tammy teaches business courses at the post-secondary and secondary level and has a master's of business administration in finance.
In this lesson, you'll learn about online investment resources. We'll discuss the five most popular investment resource sites and explain their free services, as well as explore which sites provide fee-based services.
What Is an Online Investment Resource?
Jared's a college student studying finance. To help with the cost of college, he works early mornings at a local grocery store. Every day, Mr. Hernandez visits the store to buy 25 investment newspapers. Out of curiosity, Jared asks Mr. Hernandez why he purchases so many newspapers. Mr. Hernandez explains he's owned an investment firm for 20 years and distributes the newspapers to his staff to supply them with the latest information to assist clients.
Jared tells Mr. Hernandez about online investment resources. An online investment resource provides information about the market, stocks, bonds and other investments. Mr. Hernandez asks Jared if he would present this information to his staff.
Jared agrees, and the next day he arrives at Mr. Hernandez's office. Jared starts his presentation by listing the five most popular online investment resources: The Wall Street Journal, Morningstar, Marketwatch, Finance.Yahoo and Google.com/Finance. While they all have specialty services that Jared will discuss later, they also all have some commonality.
Each online resource covers the basics. Some sites may provide more extensive data, but all at least provide a foundation of the following:
Major stock indexes, which calculate the value of stock in various market segments. For example, the Dow Jones Industrial Average (DJIA), which is listed on most online investment resources, is the oldest index and provides the average price and daily movement on the 30 largest US publicly traded companies.
The government bond section, which calculates the price and changes in US and international bonds.
The best and worst mutual funds and individual stocks based on price and movement.
Changes in US and international currency rates, which provide solid information on how well the dollar is performing against other countries' currencies.
The latest trends in investments and business.
Articles and videos for smart investing.
Now Jared will review each online resource and discuss its individual benefits.
The Wall Street Journal & Morningstar
Jared shows The Wall Street Journal on his presentation slide. Mr. Hernandez smiles and tells Jared that he's been buying this paper for over 20 years. Jared tells the employees that The Wall Street Journal is the only online resource he'll discuss today that has a print edition as well as an online subscription at WSJ.com. WSJ.com provides three levels of subscriptions: individual, student and corporate. Each includes a variety of information based on preferences, including portfolio prices, analysis, and statistics on US and international securities and commodities, interactive tools, investment calculators and webinars on investing. WSJ will also send breaking news mobile alerts to subscribers.
Morningstar.com is a strictly online investment website. It's known for a wealth of free articles and worksheets on topics like investing in retirement, stocks, bonds, and college funding. The site offers two subscriptions: basic and premium. The basic subscription includes basic stock tracking and an interactive discussion forum. The premium subscription provides all the same services as the basic plus comprehensive analysis reports, stock and bonds comparison screeners, interactive tools, earnings call transcripts and premium newsletters.
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Marketwatch.com is a comprehensive site on the US and international markets overall. Unlike some other online resources, the site provides free securities and commodity screeners. Screeners allow users to search for companies that meet certain financial criteria. Their breaking news section is also free and updates frequently throughout the day. Marketwatch also provides investment data on more than stocks, bonds, and mutual funds, and they have investing strategies in real estate. Additionally, Marketwatch has a free online stock market game that will track your trades in real time and allow you communicate with others in the game. Lastly, their subscriber services include a portfolio tracker and premium newsletters on a variety of topics, including unconventional investing strategies and research tools for investors. Mr. Hernandez mentions he may subscribe to Marketwatch.com's newsletters for the staff.
Jared shares with the staff that he uses Finance.Yahoo.com to research historical stock prices since they are one of the few online resources that provide this information for free. The historical data includes interactive charts and graphs. Complimentary services also include real-time stock prices and company financial data and ratios. Additionally, they provide a calendar for stock splits, earnings, initial public offerings, mergers, and acquisitions. Finance.Yahoo.com gives investors an all-inclusive library of articles, trends, and analysis compiled from thousands of data sources since Yahoo.com is a search engine. They also provide fee-based services, which include portfolio tracking and real-time in-play market commentary.
Google.com/Finance has a comprehensive section on 20+ industry sales data by month. This section includes graphs and charts to easily identify movement as it relates to seasonality. The site also provides news and articles on investing. However, it's not as comprehensive as the other sites Jared already mentioned. Lastly, they also have a free stock screener and portfolio tracker, but you need to create a Google account and sign in.
After Jared's presentation, he asks if there are any questions or comments. Mr. Hernandez thanks Jared for saving him hundreds of dollars a month by teaching him about the wealth of investing information on the Internet.
An online investment resource provides information about the market, stocks, bonds and other investments. Example sites include The Wall Street Journal, Morningstar, Marketwatch, Finance.Yahoo and Google.com/Finance. While each site contains free basic information, such as US and international industry index averages, most have additional services that may require a subscription and/or a fee.
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