There is one free resource that you can use to pick stocks and trade in your portfolio. It is actually not a tool but a man. He has an amazing record for beating the index not for one year but over the long-term.Where the S&P returned 37% in the last 13 years, he returned a 282% return. I think this is one of the best records on Wall street for the long-term.
Hot fund of the month
When I worked at as a stock broker there were always mutual fund representatives coming through pitching the top fund (equity or bond) of the month. Every month they ‘work over the data’, statistics and analysis until it confessed that their fund was the best fund and the manager was the stock picker you could count on.
- To follow a stock picker choose one that has a ten-year or greater record.
- Choose one that has free open information and disclosure, not one that only shows you their best portfolios. This is a common tact.
Who is the best stock picker?
I do not know if statistically he is the best. However, he in my mind the most trustworthy. He discloses everything. He write is detail his rational. He is free. He is not a stock trader but someone who analysis the market based on both quantitive methods and good old fashion common sense. He is the champion of the common investor and I can highly recommend reading his blog.
Not all of his equity picks are the best choice, but in aggregate he is very good. I think he is also the most read experts on the Internet. Therefore when Jim Jubek write, people read.
He has different portfolios for different people. For example, Jim Jubek has an income portfolio, a long-run portfolio and a 1 year portfolio (not really a stock trading portfolio but not really a buy and hold).
Do I trade on Jim Jubek’s stock recommendations?
Sometimes. What why only sometimes? I have my own trading system, I use is stock blog as more of a reality check.
I think most people who do not just sink their capital into managed fund have an independent streak to them, including myself. I research the markets and make trades based on my own judgement. Each person has an insiders perspective based on their own personal experience. For example I live in Krakow, Poland. I know things that people living on Wall Street do not and visa versa.
Best stock picker as a reality check – During the research phase of your next target investment, I think your goal is to have a few trusted sources to build your own ideas. The Internet gives too much information. Less is more and with investing information this is not exception, unless you are a full time investment trader who inhales with the upswings and exhales with this downturns, use a few trusted sources. If you are like me, a long term experienced investor who seeks high level analysis read Jubek’s journal. I recommend a few resources like MSN stock Screener, Valuengine and Jim Jubek’s best stock picks.
Let me know your experience with stock pickers and who you think are the best.