Saturday, November 2, 2013

Investors Business Daily

Investors Business DailyThe advice given in IBD is tremendously useful to both the novice investor and to the more seasoned investor. Following the CAN SLIM rules set forth by IBD along with the rules for investment success that IBD provides will enable you to be successful in your investment endeavors. The IBD 100 is a useful tool in which IBD ranks the top 100 stocks, based on fundamentals, etc. Obviously, the editorials prove to be controversial. If you're interested in making money and you don't agree with the views of the staff, simply don't read that page. I don't and I make money. If you want to ignore this paper simply because of its conservative viewpoints, you are probably doing yourself a great disservice. Yes, there are cheaper financial newspapers out there. The point; however, is not what you put into something--it's what you get out of it. The return on investment can be astounding if you let it.

You may think twice when you see the subscription price. DON'T!!!

Investors Business Daily (IBD) is the top resource for beginner to professional investor. Each day IBD uses their highly successful CAN SLIM formula for identifying the next up and coming stocks. Great Features include:

The Big Picture A daily paragraph reviewing the previous days activity, along with a barometer of how the market is doing.

The Real Most Active List of stocks that see unusual increases/decreases in volume trading. Not your typical Microsoft/Cisco/Nasdaq 100 list.

Investor's Corner A daily lesson on becoming a better investor. Using history and examples.

IBD 100 The current 100 most promising stocks recognized by IBM thru a multitude of fundamentals.

Leaders and Success A daily biography of a historical political/business/military/sport leader and how they changed the face of their industry.

Finally, when you subscribe you get access to the IBD Learning Center which gives lessons on buying and selling.

If you pickup one lesson from this newspaper it will more than save you or make you back the subscription fee.

My greatest lesson learned thus far:

No matter what, if a stock falls below 7-8% of your initial purchase price, sell it. No matter what.

Buy Investors Business Daily Now

Now a fifth year subscriber, this paper is my investing Bible. But remember, it's the INVESTOR'S, not TRADER'S Business Daily. If you learn and follow their CANSLIM method you will be a successful investor. Get rich quick? No, but you can definitely manage your own stock portfolio better than your investment advisor or mutual fund manager can. Give yourself two years to learn, and expect to make all of the typical mistakes, and probably lose some money. After two years, if you stick with it and learn from your mistakes you will be ready to make your stock portfolio grow. There's nothing more satisfying than controlling your own money successfully. Skip the right-wing drivel on the editorial page. I read it just for a giggle occasionally. But the advice on investing is GOLD!!!

Read Best Reviews of Investors Business Daily Here

I have enjoyed subscribing to this newspaper; also for it's online access. It has some interesting articles some times. It provides insight and valuable information about many companies (stocks) that I find interesting as well as about other news related to business. It does have some conservative writers; but it is only in the editorials and a few articles. I recommend this newspaper along with the Financial Times. The IBD does not have the range of articles as the Financial times.

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Ironically, I wanted to see what everyone was saying about IBD, to confirm that I had made a good investment in the purchase of the paper. Instead I feel that I must provide my own review. I will be retiring (hopefully) in 5 8 years and I wanted to make sure that my investments were going to take care of me. I pulled off some of my cash to invest, signed up with Scottrade and started buying stocks. One of the stocks I bought tanked almost immediately and my investment was down 22.7% within 3 weeks.

I had started researching and studying after my initial investment (BAD IDEA) and subsequently tried the 30 day free trial. Before I purchased IBD I talked to my FA who is managing my other investments and he indicated that it was a good rag and that he used it.

I started cramming and reading everything I could in IBD and started selecting stocks from the IBD 50 and the strangest thing happened; I started making money and lots of it. The first week after studying and surrendering to the CAN SLIM system I made 6.64% for the week. The second week I made 4.49% and this week I am on pace to make 2.5%; if I can continue at this pace I will have made back the money I pissed away when I initially thought .... hell anyone can pick stocks.

The paper is expensive if you are not working with much money; but I started with $220k, lost $47k in three weeks and I am $8.5k from breaking even I could not have made without IBD. I do not buy the paper for the editorials I read it for investments.

So there is my testimonial, I hope it helps new investors and nay sayers. You have to commit to learning the system, I am in fact extremely impressed and can't wait to see what I can do as I continue to get better at understanding the system and continue to improve on my mistakes.

Good luck everyone and good investing.

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