Wednesday, July 21, 2010

IBD Investing

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One of my friends was asking about IBD investing the other day. I think a better term for it would be CANSLIM investing. The IBD is the Investor's Business Daily. It's just an abbreviation. In any case, the IBD is a great investment tool. I highly recommend it and talked more about it in my Invest Using The IBD article a few days ago. You might want to check that out.

IBD is tailor made for the CANSLIM investor. All of the things that William O'Neil talked about in How To Make Money In Stocks are built in to the paper. All of the screens, the education is all supportive and consistent. I am big believer in the strategy so I'm also a subscriber. If you are a big time investor, you might want to also sign up for the Daily Graphs service. While you can invest using the IBD it's made easier with the daily graphs service. It is pricey though, around a grand a year. I've checked and they don't package the services together, they are ala carte.

One nice feature of the Daily Graphs service is the Custom Screen Wizard which gives you access to screen all of the stocks in the IBD database. Those tools are really all you need to have to be successful with the IBD investing strategy.

I guess you've also got to be able to apply what you learn. If you are looking for help, read the Investor's Corner everyday and also watch the Daily Stock Analysis video on the IBD TV. Those features alone will help you tremendously. I know they have helped me alot.

Break your stock market investing learning down into steps by starting with market direction, then move on to stock screening, then practice buying with a stock simulator, pick a broker and then invest real money. Learn from your mistakes. It's a fun thing to learn and you will get better if you practice.

Good day!

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