Finding the best stock research websites for beginners can seem like a big task. In general, the stock market can often feel like a big, scary monster for those inexperienced.
Luckily, there are some excellent websites that will help guide you in your decision making process.
If you are looking at investing in the future in order to accumulate wealth, then this is an excellent place to start. I am a big fan of investing in the stock market, and I believe you can be too, with the proper tools.
I wrote out my favorite stock research websites that are the best tools for any beginner hoping to buy some stocks, as well as some of my top tips to help any beginners just starting out.
**Personally, I invest in index funds, which are tied to the whole market, instead of individual stocks. Index funds are less risky than investing in individual stocks.
Why Invest Your Money?
There are plenty of ways for you to make money. From a typical 9-5 job to a side hustle, why is investing a good idea?
Once you reach a certain part of your finances (debt is paid off, a large purchase- like buying a home- are done for a while), then taking any extra income and investing it is how you can start building wealth outside of your retirement account.
Once you have an emergency fund set up (3-6 months of expense guys!), get all your consumer and student loan debt paid off, then you should be investing your money!
Is Investing in the Stock Market Right For You?
Before my partner and I got serious about investing in stocks, we had to make sure we had a few things settled.
- We were debt-free (at least personally – my businesses and real estate holdings all have debt).
- We had a lot of patience. In order to earn a lot of money on your investments, it takes time.
- We had an established emergency fund in case the s*** hits the fan.
- We were on our way to becoming mortgage free.
- We had made the decision that we wanted wealth in our future, not to simply be rich.
- We found the proper tools to help us invest wisely (like a great stock research website mentioned in this article).
Once we had all of these factors settled, we knew that it was time to begin investing.
How Much Do You Need to Start Investing?
In order to begin investing in the stock market, you need some extra cash to help guide you in the right direction. How much you want to invest, of course, is completely up to you.
When you begin investing, you want to use any extra income you have that doesn’t go towards debt or emergency fund. There is no reason to take money out of the grocery budget so that you can buy that extra stock.
You’re going to need a budget first – determine how much you can afford to invest every month after your emergency fund is established and you’ve contributed to your 401K and/or IRA.
Of course, the more you invest, the more money you can potentially earn. When you are just starting out, it might be wise to invest conservatively until you get the hang of it.
OR…just buy index funds like I do and take the guesswork out of it (Disclaimer: I am not a financial advisor, and this is not financial advice).
Do your research with the websites listed below and find a company that can help you learn the ropes.
Overall, some stocks are a few cents, while others can cost you a few hundred dollars. The important thing is that you start and get ready for a fun ride.
The Best Stock Research Websites for Beginners
This newspaper has been researching the stock market since before your parents were born! You know what that means, right? It means that they have a reputation for knowing what they are doing.
The Wall Street Journal is the perfect starting place for anyone researching stock options for their future investments. While I don’t recommend this website as a one stop shop, I think it is the perfect starting point for any beginner.
I like to begin any stock research that I have here, just to get a feel for where the market is at, then continue onto the rest of the websites on this list.
This website is one of my favorite tools when I am researching new stock options. Signing up here will connect you with one of their stock experts that provide you with the concrete data that someone needs when investing wisely.
When you are a beginner, unsure of how to use the endless amount of information to make an informed decision, this website is a great option. While there is a yearly fee of $99, you can make that money back fairly quickly.
Motley Fool Stock Advisor provides solid information to help you decide when and where to invest your funds.
Known as the ‘bad boy of the stock research world’, Zach Investment Research likes to offer unconventional advice. While their advice may seem a little unusual, their track record is extremely good.
With ever changing information, this website does an excellent job at staying up to date and providing you with the best purchases for the day. Check out their site for a ton of free information to help you get started!
If you are serious about investing, sign up for their free 30 day trial in order to establish a portfolio and personalized guidance while you begin your stock investment journey.
If you are looking for a stock research website with a credible reputation, then the best place to look at is Morningstar.
With some of the best stock analysts on their staff, this website empowers investors to make the best investments for them. Not only are they the best stock analysts, but they have more than 150 on their staff every day of the week. With this sort of information, you know that you are getting the best advice for your future investments.
You can become a member of this top investment website for an annual fee of $199. If you want to see if its the right stock research website for you, Morningstar does offer a 14 day trial.
As a beginner, you might not be ready to buy a membership to any stock research website- which is totally fine! If you are looking for a free website to help guide you on your investment opportunities, try out Google Finance.
While this option lacks the required tools for anyone looking for in-depth stock analysis, you can set up a watch-list for stocks that interest you. This type of data will help you make an informed decision for your investments.
This website provides all of the basic data that anyone needs to begin their stock market journey. For free, you can track stocks, EFTs, and more. The details are a little sparse, but this website is the perfect option for someone looking to build a basic foundation in their investments.
Since you will be missing out on some of the deeper details on your stocks, once you get your feet wet with the free option, you might want to consider subscribing to their premium option. For as little as $35, you can begin to look at your stock options on a deeper level.
Now that you have some tools to help you decide when and what stocks you can invest in, its important that you understand some of the basic vocabulary that goes into the world of stock investing.
Keep scrolling to learn some of the basic words to help you successfully invest with stock research websites….
Important Investing Vocabulary to Know
There are plenty of valuable tips when it comes to beginning to look at investing in the stock market. One of them being the vocabulary that comes along with this new world!
When I first began looking into buying stocks, I felt like my head was spinning. There were so many new words and phrases that I honestly did not understand. It almost felt like I was reading things in another language!
So, to help you out, I wrote out a few of the most important vocabulary words to know when looking at the best stock research websites.
Revenue is basically just company sales – money the company makes from selling it’s products/services. When you are looking at stocks, it’s important that you look at how the revenue is reflected in the value of the stock.
Net Income is that revenue we talked about above, less all expenses. This let’s you know whether or not the company is operating at a profit or loss.
Once you know that, you’ll be able to decide if their earning margins are substantial enough to make a sound investment.
Earnings per share (EPS)
By dividing the earnings by the number of shares, you can determine the earnings per share. This metric is ideal for helping you compare companies when making your investment decisions.
Price per earnings(P/E) ratio
You can divide the stock price (find the stock price using any of the websites above) by the EPS (above) to determine the Price per earning ratio. This information will help you see what the market is willing to pay for earnings based on the shares.
Return on equity (ROE)
Return on equity reflects how much the company is able to generate in revenue in relation to the investments of stockholders. The more revenue a company can make based on its investments, the better it is for everyone!
Learning these vocabulary words is just the beginning to exploring the world of the stock market! These words will help you understand any stock research website that you choose to use for your investment research.
There are some incredible tools out there to help you and your family make the best stock investment choices. If you are serious about increasing your wealth through stocks, you definitely want to find a stock research website.
As a beginner, entering the stock market can feel a little overwhelming. There are new words and sometimes the world moves so fast you aren’t sure where to start.
These stock research websites are perfect for beginners and I cannot recommend them enough.
So tell me… what did I miss? Do you have a must-visit stock research website that you think should’ve made the list? Tell me about it in the comments below!