You can take stock advice from a number of sources, but the advice you receive should be based on your own research. First, analyze the company’s fundamentals. This includes its competitive advantage, management team, financials, and trends. You should never buy stock based solely on a stock analyst’s recommendation. Instead, take the time to research the company and its competitors.
Many stock advice services let you set up a paper account, which means you can try their advice without risking any money. If you are looking for help finding the right stocks to invest in, you can also use the stock screening tool on their website. This is a handy tool for selecting stocks, and you can sort them by sector, dividend yield, and volatility.
Another great tool is Morningstar, which is a comprehensive investment research platform used by professional investors. The site offers investment advice and expert research. It focuses on data, rather than subjectivity, so you can learn about portfolio management and choose proven stock picks. Morningstar has premium plans for investors who want more in-depth analysis and access to advisor-grade tools.
You can also check out Motley Fool’s Stock Advisor. This service will give you a list of five stocks to buy and invest in each month. This service is a great choice for beginners as it is designed specifically for people who have never invested in individual stocks before. The expert picks are provided on a monthly basis, so you don’t have to spend hours researching each stock. Moreover, Motley Fool Stock Advisor offers a 30-day refund period.