Investing is a great way to generate passive income, but getting started can be challenging. We’ve compiled a list of the best stock research websites below.
The Benefits of Investing in Stocks
If you are early in your career, you probably do not know a lot about stocks. You have probably heard that it is a good idea to start investing as early as possible, but you might not know why. Isn’t it risky to put your money into the stock market? Isn’t there just a good chance that you will lose your money rather than turn a profit?
Those are valid questions, but it is important to note that if you invest intelligently, it should always be profitable. Why? Because investment combats inflation in a way that hoarding money does not.
When you leave your money in your bank account, it loses value. The amount of money you have might not change, but the value does due to inflation, which causes prices to rise annually. As a result, your money becomes worth less than when you earned it.
However, investing in the stock market can safely net you a 7% annual increase in your wealth. 7% is well above the average inflation level, and as a result, it is profitable for most people.
Additionally, investing earlier means your money has more time to gain value. If you put in your money now, it will be worth more in five years than if you invest it one year from now. Compounding interest is real, and you need to take advantage of it to retire as early as possible.
The Best Stock Research Websites
If you do not want to do anything complicated, you can talk to a financial investor at your bank. They can set up an RRSP for you and get you started with mutual funds and bonds. However, if you want to invest in specific stocks, you need to know which ones are best. Here we will look at some of the best stock research websites on the market.
If you are looking to start investing, Seeking Alpha is one of the best research websites to get you started. The free version of the site provides readers with basic stock analysis and trending news. However, the premium provides users with in-depth analysis and advice.
Additionally, the premium version of the site gives users access to several features. Those features include extensive stock research capabilities, eating details, stock rating, peer comparisons, dividend grades, and SEC filings. It also does a fantastic job of displaying data through tables and charts.
The thing that makes Seeking Alpha stand out is its ability to make essential facts easy to spot. Users can also add custom notes so that they remember their thoughts on a stock before clicking away.
A premium subscription to the Seeking Alpha website costs $29.99 per month. However, paying $239 in advance for the entire year brings down the monthly fee to $19.99. You can also pay in advance for three years with a single payment of $540. Paying for three years brings the average monthly cost down to $14.99.
If you are interested in checking out Seeking Alpha, you can take advantage of the 14-day free trial. You can sign up and immediately claim the free trial. Over 135,000 people are currently subscribed to Seeking Alpha premium.
Stock Rover is a fantastic option for people interested in fundamental data analysis. It is one of the best stock research websites on the market. On this site, you can connect all of your brokerage accounts to the site to easily manage and track your portfolio in one place.
People love this site because it gathers all of your data and brings it together in an easy-to-read format. You will receive reports on all of your active investments. The reports include charts, tables, colors, and several cool features to read about the success and failure of your investments.
If you subscribe to the premium plan, you can use the backtest engine. Additionally, you can connect the portfolio analysis tool to the brokerage account.
Stock Rover is not for people who are interested in day trading. Instead, Stock Rover is best for people interested in long-term investments.
If you are new to the world of investing, you probably do not want to spend a lot of money on tools. You might not be completely sold on investing, so you do not want to overcommit yourself. Fortunately, you can use Finviz as your stock research tool. It is one of the best free stock research websites on the market.
Finviz allows users to learn about the stock market, futures, crypto, and currencies. However, since the site is free, you need to navigate several ads to get to the best features. Do not worry, the ads are not too intrusive, and as a result, your experience should not be hindered in any significant way.
One of the best aspects of Finviz is it is an intuitive website. You should be able to learn to navigate the website quickly, and the features are not hard to figure out.
Another exciting feature is Finviz’s top lists that feature the top gainers and losers of the day. You can find these lists on the right side of the home page. Clicking on any of the featured stocks on these lists will provide you technical analysis of what caused their rise or fall.
Benzinga Pro is another one of the best stock research websites for you to use. What makes this site amazing is it combines charts, news, and stock screeners fluidly. If you want to test it out, you can take advantage of the 14-day free trial.
The site provides users with basis charting functionalities using the TradingView engine. Additionally, users can chat with other traders using the trade chat room feature.
On this site, users can plan their investment strategy using all of the data available to them. Unfortunately, the features can be overwhelming for beginners. However, with enough time and dedication, you will learn more with Benzinga Pro than on other websites.
Zacks Investment Research
Zacks Investment Research is another tool you can use to start your investment journey. The site has market news, financial news, and personal finance articles for you to check out. You should get started on this site by typing in a stock of your choice in the search function at the top of your screen.
You will then be brought to the data page for that stock. You will get access to plenty of data on the stock as it stands today and its history. Additionally, you should be happy to hear that Zacks Investment Research integrates its data with TradingView charts to provide you with extra technical analysis.
Additionally, the site provides a premium newsletter for users willing to pay for it. The newsletter provides stock advice, guides, and information.
Zack Investment Research is another website that can be complicated and overwhelming to beginners. Fortunately, you can benefit from the site regardless of your knowledge of investing. Beginners can learn about investing using all the features, even if they are not all intuitive.
Now that you’ve familiarized yourself with a few of these different websites and taken the time to explore them, you may still have questions. We’ve compiled a list of answers for you below.
Is One Stock Research Website Better Than the Rest?
Now that you have had the time to read about some of the best stock research websites on the internet, you are probably wondering which one is best. Unfortunately, we cannot give you a definitive answer. All the sites listed above are solid options, each with its pros and cons.
We recommend using one of the free sites, or the free features on a premium site before you subscribe to a site. You do not need access to advanced features at first, and the free features should be enough to get you started on your stock trading journey.
I found a Stock Market Research Site I Like. What Now?
Once you’ve found a website that suits your needs, your next step should be to determine your financial goals and your budget. How much money can you invest each month? Are you focused on short-term gains, or are you more interested in compounding interest over the long-term?
Do I Need a Financial Advisor?
While not strictly necessary, a financial advisor is typically trained and experienced in navigating both financial websites and the stock market itself. If you want to start investing but aren’t sure what direction to go in, a consult with a dedicated financial professional could be very valuable.
Everyone should try to invest a little bit of all of their paycheques. Saving even a small amount of money can build into a hefty sum down the line. However, you need to know where to invest your money.
You should consider using one of the best stock research websites on the market. All the options listed above are great options for beginners and advanced investors. However, if none of them interest you, there are plenty of other options online.