May 24, 2011

Stock recommendations and choosing the right stocks

Do you go by stock recommendations, generally published online in many a financial news portal, brokerage platform, etc? Most investors who are new to the market do. This is my own experience as well. But I feel only a reliable news portal or brokerage firm that publishes stock recommendations based on experts’ advice should be taken into consideration. In no other news portal will you come across good stock recommendations other than in.reuters.com. Try following and you will believe what I am saying. But there are many other factors that need to be taken into account. Irrespective of whether you are investing in the BSE or NSE market, what matters is choosing the right stocks. And selecting only recommended stocks won’t serve any investor’s purpose. For example, if it is an NSE stock, you will have to keep a close watch on the nifty performances, which sectors have been witnessing uptrends or at least sailing against volatility for quite some time, consider price and trends of the NSE market, use investing tools like stock technical analysis and fundamental analysis, and more. This is how successful investors (not me…am still in the initial stage) gain in the BSE and NSE market.