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  #1  
Old 10-06-2009, 07:50 PM
bigeddy15 bigeddy15 is offline
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Default How to find stocks for beginners!

Hey guys. I recently opened up an online stock trading account and purchased my first set of stocks. I am a complete rookie to the stock market but have been investing in mutual funds for the past 4 years. I always read about great investors preaching never to invest on something you hear about in the news, yet I can not for the life of me find out about any stocks except for the news! Is there any way that people have come across to find stocks? In a perfect world i could go to a website that literally lets me click on a sector of the market and allow me to browse all the stocks in that sector? Can anyone help a rookie out!

-Drew

Last edited by bigeddy15; 10-06-2009 at 07:55 PM. Reason: Needed more text
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  #2  
Old 10-06-2009, 09:02 PM
Rickson9 Rickson9 is offline
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Quote:
Originally Posted by bigeddy15 View Post
Hey guys. I recently opened up an online stock trading account and purchased my first set of stocks. I am a complete rookie to the stock market but have been investing in mutual funds for the past 4 years. I always read about great investors preaching never to invest on something you hear about in the news, yet I can not for the life of me find out about any stocks except for the news! Is there any way that people have come across to find stocks? In a perfect world i could go to a website that literally lets me click on a sector of the market and allow me to browse all the stocks in that sector? Can anyone help a rookie out!

-Drew
The vast majority of public companies have web sites where they allow for the download of their financial statements.

Why somebody would invest in a stock before reading the financial statements - I have no idea, unless they have money to burn.
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  #3  
Old 10-06-2009, 09:34 PM
bigeddy15 bigeddy15 is offline
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I understand and have personally viewed the financial statements released by the companies that I have personally invested in. Although that being said, how is the average joe supposed to understand what the statements say and the difference between a good statement and bad one. My question still remains unanswered though. How can I find out about these companies!?
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  #4  
Old 10-07-2009, 04:38 AM
Rickson9 Rickson9 is offline
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Originally Posted by bigeddy15 View Post
I understand and have personally viewed the financial statements released by the companies that I have personally invested in. Although that being said, how is the average joe supposed to understand what the statements say and the difference between a good statement and bad one. My question still remains unanswered though. How can I find out about these companies!?
Search for a stock screening application.

With regards to understanding financial statements - book stores have books entitled, "The Interpretation of Financial Statements".

http://www.amazon.com/s/ref=nb_ss?ur...ements&x=0&y=0

Books are great.
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  #5  
Old 10-08-2009, 04:27 PM
trent trent is offline
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There are many investments newsletters following equities, that can give you ideas what to invest in. The trick is to find the good ones .
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