One of our amazing chat members @baudwalk has put together an amazing list of resources he uses for investing information, news, application, and community. I have simplified the official version to put it in a readable blog post. A full downloadable version is available for chat members. Here goes! A definitive list of investing related resources.
INVESTING INFORMATION SOURCES
The purpose of this write up is to detail sources of investing information I find useful. The items are grouped as follows:
(1) sources that I look at on a mostly daily basis;
(2) apps/software or web sites I regularly use;
(3) investing message boards; and
(4) something for those new to finance and investing.
The following material is based upon my interests and research, and opinions are mine. Understand that this material is not to be taken as professional advice, and you must do your own due diligence. I have been retired for a number of years now, and fortunately have the luxury of time to read, listen and watch. I did not work in the financial industry, nor was I a CPA. I consider myself a news junkie and a techie (first computer in 1979, first mobile phone in 1992).
Unless stated otherwise, times given are Eastern (USA) time.
(1) These are the sources I look at on a mostly daily basis.
CNBC Fast Money (FM), airing at 5 pm Eastern, is focused on what made the markets move during the business day. The panel of traders speak to currencies, global economies, commodities, sectors and stocks that made news that day. I find it to be a fast moving engaging show that invariably gives me ideas for further reading and sometimes additions to a watchlist. I am not a day trader, but I will pay attention to discussions on price moves re entry or exit. If the CNBC traders are discussing a stock or group of stocks in a sector, I certainly don't take their statements as gospel nor do I act on them immediately. If something sounds interesting I'll put one or more tickers on a watch list for possible future action while I do my own due diligence. In my opinion, FM deserves watching on a daily basis to get the most out of it. The show airs at an inconvenient time for me, so I have the DVR set up to automatically record the program to watch it later in the evening. Note that FM videos are on their web site (http://www.cnbc.com/fast-money/).
Akin to FM, the CNBC Halftime Report (HR) at Noon Eastern can be interesting especially on volatile days. The traders offer insights to why the market, sectors, or stocks are moving in midday. Breaking news alters the show on the fly. Note the show airs shortly after the European markets close.
I prefer the Bloomberg Business app, compared to the Bloomberg web site (http://www.bloomberg.com/), for its ease of use, particularly during the late evening when it comes to looking at futures and current indicies in Asia-Pacific and Europe-Middle East-African markets. A contagion that spreads westward around the globe is quite evident. Unlike CNBC, Bloomberg streams their TV programming to the web site, mobile devices and Roku (more on this below) without charge. I don't watch their Bloomberg West show, covering tech news primarily from the Silicon Valley, daily but it's particularly worth a look in during major consumer electronics shows.
Bloomberg's "Trending Business" airs at 9 pm Eastern Sundays through Thursdays. The show, based in Hong Kong, covers the markets opening in Asia, including Japan, Korea, Singapore, Hong Kong and China. If events cause market turmoil, the breadth of contagion is quite apparent. I like it.
The Fox Business (FB) channel doesn't have the worldwide resources and bureaus of Bloomberg or CNBC. To their credit, however, FB stays on point with business news whereas left-leaning liberal Bloomberg and CNBC rush off to cover essentially minor political events typically involving POTUS. Reportedly, ratings improved in 1Q2016; I recommend you look at the channel and judge for yourself.
The BBC World Service Business News airs at H+30 at Midnight and 1 am Eastern (probably all night, but I do sleep) and incorporates cut-ins from studios in the Far East as market news dictates.
On NHK World Japan, the business news segment embedded in the hour or half hour newscast is usually somewhere in the H+5 to H+15 minute time period. I usually catch the 8-to-10 minute segment at 11 pm, Midnight or 1 am Eastern. It is more-or-less midday in Tokyo, and you may catch the segment during the exchange's lunch break. The segment carries news of the Japanese and Korean markets not always well-covered, in my opinion, by the BBC, Bloomberg and CNBC broadcast personnel based in Hong Kong. It isn't a quite daily habit for me. NHK World Japan's English language TV service is carried OTA by a local public television outlet, and therefore is required to be carried by the cable TV service. Apparently it is streamed on the net as well. See http://www3.nhk.or.jp/nhkworld/en/tv/howto/ for details.
Do you have SiriusXM in the car or on a smartphone or tablet? Listen to the simulcast TV audio of CNBC on channel 112 and Fox Business on channel 113. Bloomberg has a standalone radio network on channel 119 that inserts simulcast TV audio at various times in the 24-hour day. See http://www.bloomberg.com/audio for details on Bloomberg's AM and FM outlets. WBBR-1130 New York City is the base of network operations; use the iHeartRadio website or the Android/iOS app to listen if you are not in range of one of the USA outlets.
(2) Software applications or web sites i use regularly include the following:
I don't use a PC anymore. I always have a Android Samsung smartphone with me and a Samsung 10-inch Android 4G LTE-capable tablet nearby, when out in the car and when traveling. (When away from home, I alway use the telephone network -- never any public/open WiFi -- for account security.) Besides my Fidelity mobile brokerage app, these apps are helpful. These apps should be available on iOS too. Most apps have web sites.
Bloomberg Business, for reasons stated above.
CNBC finally, in August 2016, upgraded its Android mobile app to include its live TV programming. My guess is the parent company Comcast realized the change from Apple-centric was long overdue.
Seeking Alpha (SA) allows me to enter symbols of stocks in my portfolio and watchlists. It pushes news alerts for those entries, attracting my attention to breaking news, e.g., earnings reports and significant events. I pay less attention to the articles written by contributors, and the comments on the contributed articles can be more interesting than the articles themselves. For jollies, read the comments before reading the article. I am ornery enough to call out some writings that are pure drivel. Find SA on the web here (http://seekingalpha.com/).
StockTwits (ST) also allows me to follow selected stocks and receive push notices of those trending with rising message volume. Functioning akin to Twitter, short comments take the temperature of followers. To be sure, there are some pump-and-dump, self-promotion and nonsense messages but common sense filters those things out. Like Twitter, you can comment and ask or answer questions. I find ST is particularly interesting around corporate news events and earning seasons. Additionally, it is also useful to perhaps figure out what causing a pop or drop in a stock you are following as it happens during the course of a day. Invariably someone will post the breaking news with a link. Find ST on the web here (http://stocktwits.com/). It should be noted that ST popularized the use of the dollar sign ($) as a prefix to the stock symbol, e.g., $AAPL, and you will see this format elsewhere.
i use Twitter (https://twitter.com/) to follow selected accounts including, but not limited to, those national, international and business news sources of interest to me, plus the related accounts of some on-air personalities. TweetDeck (https://tweetdeck.twitter.com/) is a good alternative to the Twitter app, but it only is only available by using a web browser; it works well on my 10-inch tablet. I like the TweetCaster (http://tweetcaster.com/) app for the smartphone and tablet in lieu of the stock Twitter app; the Pro version removes adverts.
For Android, I absolutely love the app "Stocks--Realtime Stock Quotes" (https://play.google.com/store/apps/developer?id=uInvest+Studio) for the phone and tablet. The app retrieves realtime stock quotes determined by entries in one's portfolios and watchlists created in Google Finance (https://www.google.com/finance/portfolio). The simplicity of the app is belied by its design, readability and responsiveness. The fonts make for an uncluttered screen that can be read at a glance while on the go, even when the phone is at a distance affixed to a vehicle's windshield or dash mount. The developer has been very responsive to constructive suggestions for improvement. Did I say I like this app? (I don't trade in forex, but ulnvest Studio has a Currency app as well. I cannot comment on its veracity.)
(3) Message Boards and Communities
Message boards and stock forums, providing gathering places for investors to discuss investments et al of common interest, populate the web. Rather than operate as a message board unto itself, The Lion (http://www.thelion.com/) aggregates and indexes message headers, with links, gathered from blogs and forums on numerous (obviously not all) web sites. It can be a significant help in looking for investor comments on lesser-traded stocks. I like it, but it is important to engage one's common sense filter.
The Yahoo! Finance message boards (http://finance.yahoo.com/mb/) are probably most widely known and might be amusing for a few minutes, but it's akin to the wild west littered with pump-and-dump spam messages and some rather strange comments. Engage your common sense filter before scanning message headers. Yahoo! as a business has not fairing well in recent years. In 2Q2016 Yahoo! put its core assets up for sale. It isn't clear to me what these are, or whether the message boards will be affected.
Bogelheads (https://www.bogleheads.org/) includes both an information wiki and forums, best explained on its About (https://www.bogleheads.org/wiki/The_Bogleheads) page. My perception is that Bogleheads' forums focus more on investment instrument choices and retirement strategies rather than specific stock discussions of interest to active day and swing traders.
The Bull Market Board (http://www.bullmarketboard.com/) offers 20 forums, 10 of which are focused on stocks, markets and other investments, 3 on real estate, and 4 general interest forums. The threads on stocks and forex seem to be most active. There are a number of members from European and a few Asian countries represented in the membership and who add to the breadth to the conversation. I find the Politics Discussion forum is particularly fun as the left and right, conservatives and liberals, tweak each in civil discourse. The board was taken over by a new owner in May 2016, and changes for the better have been made. Have a read.
StockRants (http://www.stockrants.com/) features 15 forums, 3 of which are those new to the board, for active investors. Unfortunately the owner/administrator has not been paying attention to the board as there are a number of broken links and open questions to administrators aren't being answered. That is a big negative in my book, but have a look. Perhaps activity has picked up, and see if it is of interest to you. But what additionally makes StockRants unique is its hosting of a live chat channel using the Internet Relay Chat (https://en.wikipedia.org/wiki/Internet_Relay_Chat) protocol that has existed since 1988. Virtually an unlimited number of persons can simultaneously log into the StockRants IRC channel through the web site or by installing IRC software available for virtually all operating systems; I used mIRC (http://www.mirc.com/) for Windows for decades, and now i use Yaaic (http://www.yaaic.org/) on my Android tablets. If you are interested in IRC, do take the time to read the FAQs (frequently asked questions) to setup the software and the basic keyboard commands used when on line.
(InvestorsHub (http://investorshub.advfn.com) offers board forums, but there are many complaints elsewhere on the web. It seems to be oriented toward penny stocks. I mention this board because it exists, but be cautious and install your common filter should you explore this forum.)
Hashtag Investing (HI) (http://www.hashtaginvesting.com/) is a community of investors exchanging ideas and questions in realtime. Its functionality reminds me of the decades-old IRC (Internet Relay Chat), but clearly the Slack (https://slack.com/) platform is more capable. HI began in the summer of 2016. Participation levels vary, but should pick up with time. Have a look.
(4) For newbs
Investopedia (http://www.investopedia.com/) is the go-to reference encyclopedia for everything finance and investing. Similar to Wikipedia (https://www.wikipedia.org/), Investopedia covers the waterfront in an unbiased unopinionated writing style. Reading something with unfamiliar subject matter, terms or words? Pop open a second web browser tab, copy and paste.
Moneychimp (http://www.moneychimp.com/) isn't a market news source but it may be useful for those persons wanting to get started on learning how to begin investing (see "Investing 101"), how to manage credit and considering retirement. Unlike Investopedia, Moneychimp offers a wide variety of easy-to-read beginning reference material that can lead to detailed information. The site originally attracted my attention with some of its calculators. The "frugality" section includes calculators on savings, credit card debt, and index versus mutual funds. Judging from various forum threads on credit issues, the credit card debt calculator should shock some people. Just for grins, I plugged in a $5,000 bill, paying $100 a month at 18.5% to see how long it would take to pay off. The result? Just shy of 8 years (94 months), with interest totalling $4,300. Urk! There are a variety of financial calculators (http://www.moneychimp.com/calculator/), including mortgage and retirement. I played with the retirement payout numbers (how long will money last), and the results just reinforce my philosophy of paying yourself first during your working years. Is Moneychimp perfect? Probably not, but it may be an interesting and useful web site to begin exploring investing and financial areas. Moneychimp is not the singular source to explore and learn, but I feel feel it does raise an awareness level.
In conclusion, these comments are assembled from multiple tagged notes in my Evernote account. I apologize in advance for grammar and syntax that may not be consistent, and the tablet's autocorrect may have tripped me up in places. Nevertheless I hope this helps. Your mileage may vary.
* Last revised 10 Aug 2016