How to Get Stock Advice Online

There are various resources on the Web that will provide valuable information for the investor.

Instructions

Difficulty: Easy

Things You’ll Need:

• Financial Calculator
• Internet Access
• Brokerage Accounts
• Paper And Pencils
• Computers

1. Check CNN online for news, advice on the market and current research.
2. Browse the Hoover's site for recent news and company descriptions.
3. Use Quicken to find out a company's profile and quotes.
4. Go to the Securities and Exchange Commission (SEC) site for information about filings and enforcement.

Tips & Warnings

• Stock tips are sometimes written by the companies that are trying to sell the stock. Look for a disclosure statement on Web sites and electronic newsletters to see who wrote the information.
• File any complaints about a suspected scam with the SEC by e-mailing [e-mail]. Include details such as the Web site, newsgroup, e-mail addresses, names of companies or people, and your own name, address, e-mail address and phone number.
• Beware of advice dispensed in chat rooms and on bulletin boards. Always check information with reliable sources.
• There's no way to know whether someone giving you a tip is getting paid for it.