Friday, March 26, 2010

Alternatives to My Decisions on Investing

You don't like that I went with Fidelity. You hate that I chose to invest in an ETF. You abhor lazy investing. You crave something more fun. That is okay if that is what fits your personality and your level of risk.

Mad MoneyCan't quite decide between the two giants, Fidelity and Vanguard? Head over to Metafilter for some more discussion on which might be the right place for you.

Don't like the giants cause you want to run your own show? MyMoneyBlog has a great review of several other brokerage houses where you can open a Roth IRA. The list includes TradeKing - whom I also use for trading.

Like individual stocks better than index funds or ETF's? Yahoo! Finance is a great resource for researching your latest best pick, and they also offer great guidance from a collection of expert columnists and partnerships. 10 stocks that can keep running even if this bull rally loses steam will point you towards big blue chips like Exxon Mobil, J&J, and Sysco; healthy dividend players like NSTAR, Exelon, Paychex, and Realty Income; and surprisingly - HealthCare with the likes of Novartis, ThermoFisher Scientific, and Well Point.

Need better ideas than just some more blue chips? Steal them. That is what some people do by following popular, and successful fund managers. It makes sense. If they have a good track record and you do your own follow up research you might find some good ideas that way. 

The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities, 2nd EditionAnd finally, some more stock ideas based on economic indicators was illustrated by The Street. Interest rates --> Bond yields. Housing Starts--> Construction stocks. Inventory levels --> Commodities. Personal income and discretionary spending --> Retail stocks. Essentially, if you follow a regularly reporting economic indicator, chances are there is a sector ETF that will track it because it is based on the stocks that would react the most.










You may also be interested in reading:
You Can Lose Money Selling Your Investments
Selling Your Investments Means You Get to Buy New Ones
ETF's and Lazy Portfolios
Dollar Cost Averaging: An In Depth Investigation Using EEM
Alternatives to My Investing Decisions

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