6 sites a new investor needs to read

Before you dive into investing, here's what you should be reading.

The idea of investing can seem terribly haphazard, especially if you've just finished watching Wolf of Wall Street. What are you going to do with your money? Invest it? Is a money market better? Or what about bonds? But do you know what are you're doing? No? You should start reading then. Even if you chose to have broker do your investing for you, staying up to date with the latest information helps make better long-term financial decisions.

Here are six websites you should be reading, subscribing to or studying.

1. Investopidea

If you have questions relating to money and finance, then Investopedia is where you turn. An easy to understand dictionary, guides, calculators and stock stimulator can help students and investors alike. If you're not ready to dive into the investing world, there's the Stock Market game, which can give you a practice run and compare how you do with investors without losing money.

2. Seeking Alpha

One of the more extensive websites, Seeking Alpha provides crowd sourced investing information on over 8,00 tickers. Stock analysts, traders, economists and industry experts create the content and editors curate. Since a community creates Seeking Alpha Investing content, advice is typically from the buy-side of the market.

3. SEC EDGAR

If a company is public, than the SEC has a slew of information on the company that's beneficial for investors. The company's prospectus provides background information on business operations, history, financial conditions and risk assessment— all of which has been audited by a CPA. The 10-K and 10 Q are annual and quarterly financial reports. You can also learn about owner(s) information, any ownership changes, criminal behavior and any legal scuffles. Plus, the SEC kindly provides red flags in the footnotes of company filings.

4. Yahoo Finance

Yahoo Finance offers real time information on stock quotes along with financial reports, aggregated content and original content. The good stuff is the SEC filings, analysts' estimates for quarters, and ownership data. Plus, you can easily create and save screeners to filter and track stocks based on your investing preferences. Another valuable tool is the "My Portfolio" tool, which can serve as your home base with real-time stock performance and news.

5. Bloomberg

Bloomberg's websitse, newsletters, magazines, live stream TV and radio offer comprehensive economic, business and stock market news and data. Started by former Salomon Brothers partner Michael Bloomberg, the company began as terminal computer system for Wall Street Firms. Basically, it's made by serious investors for serious investors. If you're trading in foreign markets, Bloomberg's around the clock and around the world stock coverage is a serious asset. Even if you don't have an extra two grand for subscription fees, there is plenty of free valuable content.

6. Bank Rate

If you're a what if's person, than Bank Rate will make your heart pitter patter. Use Bank Rate to calculate and compare rates for bonds and CDs. Or use the Investment Calculator to see if your investments are on track to match your goals.

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