Armed with your basic education in stock and option investment, you are ready to continue your wealth development by gradually building a portfolio of preferably, value and dividend yielding stocks. The purpose of this portfolio, as you will be well aware, is to take advantage of the true wealth building concept of compounding and the create your financial independence through this residual income.
Creating Wealth is a step by step process and in order to build this portfolio, you first need to conduct research. While Brooks Wealth strongly encourages you to conduct your own research on your investments, there is some excellent independent research available through inexpensive newsletters and subscriptions, which should not be ignored.
Below, you will find some of the top resources we recommend for your portfolio research which you need to take the time to go through and decide on which best suit you needs. With regular issues and updates, you can be sure to have your investment ideas and thought process broadened.
MORNINGSTAR PREMIUM
While Morningstar’s Free membership is certainly an excellent tool to begin your research process, the Premium Membership goes one step further. It gives you unlimited access to easy-to-use portfolio management tools, personalized portfolio analysis, select investment ideas, and independent, in-depth analyst reports to help you earn returns you can count on. If that wasn’t enough, Morningstar also allow you to test the Premium Membership on a FREE 14 day trial.
MORNINGSTAR STOCK INVESTOR
Morningstar StockInvestor invests in companies with established competitive advantages and generous free cash flows, trading at discounts to their intrinsic values. These are core holdings, with more conservative ideas appearing in the Tortoise Portfolio and more aggressive ideas in the Hare Portfolio. Morningstar expect both portfolios to beat broad U.S. stock index benchmarks, such as the S&P 500, over rolling three-year periods. Given their focus on wide-moat companies, StockInvestor’s model portfolios are expected to thrive in any economic climate, which has turned out to be the case over the past 8 years where their picks have greatly outperformed the S&P 500.
MORNINGSTAR DIVIDEND INVESTOR
Morningstar DividendInvestor is the heir to traditional equity-income investing, generating portfolio yields of 4%-7% from stocks. DividendInvestor invests in economically advantaged companies that consistently raise their dividends and grow fast enough to keep ahead of inflation. Stock prices will fluctuate over time, but the strategy here tries to minimize permanent losses of income and capital by focusing on dividend sustainability and margins of safety when purchasing stocks.
MORNINGSTAR OPTIONS INVESTOR
Morningstar OptionInvestor is designed to help both seasoned options users and the options-curious craft strategies tailored to their risk tolerance and portfolio strategy. Whether you’re looking for in-depth information or logical starting points for navigating the market, Morningstar OptionInvestor can help you. You will also be guided on how to use options to hedge stock portfolios with access to Morningstar’s free 36-page OptionInvestor Guide to get you started.
THE VALUE LINE INVESTMENT ANALYZER
This powerful software service provides unprecedented stock analysis including complete integration with Value Line’s Web site for quotes, news and updates. Capabilities include sorting, screening, graphing and reporting on individual common stocks, industry groups, or portfolios. The service includes Value Line’s famous full-page reports and analyst commentaries as well as many other quantitative measures.
THE VALUE LINE INVESTMENT SURVEY
Their flagship publication, The Value Line Investment Survey is one of the most highly regarded and widely used independent investment newsletters. Published weekly, it tracks approximately 1,700 stocks in over 90 industries. Its legendary Timeliness Ranking System ranks stocks on a scale of 1 to 5 for probable market performance over the next 6 to 12 months.
ZACKS PREMIUM
The Zacks Rank takes advantage of changes in estimates to help investors become more profitable. Since 1988, a portfolio constructed of Zacks #1 Rank stocks has generated an average annual return of 27%. With daily access to the Zacks Rank for any rated stock, market crushing Profit Tracks strategies, in depth reports from Zacks Equity Research, powerful screening, portfolio alert tools and more, Zacks Premium makes professional-strength resources and tools available to individual investors.
[Read about #3 -- Wealth Acceleration]
