Best Stock and Investment Newsletters: Who Can You Trust?:

Choosing the Best Stock and Investment Newsletters - No matter where you go in life or what you're doing, you can be well assured that one thing will never be lacking: advice. People love to give it to new parents, new employees, to neighbors who use the wrong plant food on their roses - it's never ending. But at least you can filter that advice and pick and choose. Financial advice is a little trickier: what do you filter? What's important? What was true last year but not now? What will be true the year after that? How do you save for retirement when you're trying to pay your bills now? There is an expert for everything, and they often hold diametrically opposing views. But because financial advice can literally make or break us, it is important to have a reliable source of information. This guide will look at the best stock and investment newsletters so you not only know what's going on in the financial world, you have a better sense of how to navigate it.

Should You Trust Financial Newsletters At All? - There is a school of thought that has long been held among Wall Street financiers that newsletters were little better than day-old newspapers. You could line your birdcage with them, but you wouldn't want to base your portfolio around the information or advice they offered. Is this true? Wall Street claims that the newsletters are skewed and targeted, while in fact, many have outstanding research departments that offer unbiased advice. Does that mean every stock newsletter or investing newsletter on the market is reliable? Absolutely not. Just as not every broker is going to give sound advice; it doesn't make them all bad. It just means you have to be very discerning in your choices. And to remember not to treat newsletters as gospel truth, written in stone, or any other cliché you like. As the last two years have shown us, even experts can be surprised at what the market will do, and like everyone else, they're giving it their best (and most educated) guess. That being said, you still have to keep your advice filter on when reading even the best newsletter. Choosing the Right Stock/Investment Newsletter - Because financial newsletters can cost between $200 and $300 (you didn't think they were giving away the secrets of getting rich, did you?), you need to make sure you're getting the best. Here are some ways to do that:

*What's their track record? How often have they beaten the market? If you had invested $10,000 according to their advice last year, where would you be today? It'll take a little legwork to find this out, but not only is your $200 worth it, your retirement fund is worth it. Look at their records for at least 10 years, says financial newsletter guru Mark Hulbert. Reputable investment newsletters will provide all of this data in a comprehensive way to potential subscribers. If not, there is always someone else selling advice.
*Do they paper-trade? Many newsletters publish paper-traded model portfolios, which are, in essence, pretend. They are theoretical using the information on stocks and investing the newsletter provides. If they are paper-trading, be aware that they will often not include trade commissions and other fees, and you must be leery of a company that doesn't trust its own advice with real money. Why should you?
*Look for delayed entrances and exits on performance claims. Say a newsletter advises their subscribers to start buying up a certain stock. Fine. Say they tell them to start selling because the price is dropping. Fine again. But then say that the newsletter's company started buying the stocks when they were cheapest, had investors unknowingly drive up the price, and then they began to sell, which drives down the price. On paper, they'll look great and show good returns. In reality, investors have been taken on a little ride. Not illegal, but not the advice you want to trust. Look for performance claims that have delayed entrances and exits. *Risk-free trials. Do it. Use this period to evaluate the newsletter, and be merciless. This is your money.
*Investment style. Some people are conservative: they want to buy a stock, hold it, and then see what happens in 20 years. They want a diversified, solid portfolio. Others are more risk-taking, trading in and out of hot trends. What are you? What are your goals? What do you need? Find a newsletter that is geared towards your style of investing.

Best Investment Newsletters:

You could, right at this minute, go online, subscribe to a free blogging service, and begin your own online financial newsletter. You could tell investors that men's fedoras were coming back in a big way and get them to buy up stock. You could say that Apple was going out of business. The point is that anyone can say anything online. Knowing your source and trusting it is vital. Here are some of the top newsletters:

The Hulbert Financial Digest. This isn't a financial newsletter; it's a newsletter about financial newsletters and is generally regarded as the top source for information on investment newsletters. The Hulbert Financial Digest tracks the performance of top newsletters and compiles a list of the best for the past year, five years, and so on. This can be a great guide for you when considering which financial newsletters will work. It costs $59 for an e-version and $69 for hardcopy subscriptions. The official website also has tips on choosing the best financial newsletters for your needs. This is an excellent place to start.

Prudent Speculator. Hulbert ranked this newsletter as the best in terms of performance for the past 15, 20, and 25 years - a solid track record. For $195 a year, you will get updated goal prices on recommended stocks, market observations, Stock of the Month research, analysis, and commentary, free portfolio builder, email hotlines, email alerts, access to a subscriber-only website, and a six-month money back guarantee. You can download a free sample at the Prudent Speculator website or get a subscription through there or Forbes. Here are some other investment newsletters that Hulbert tracks:

Technology Investing
The Pure Fundamentalist
OTC Insight
Seasonal Trade Portfolio
The Granville Market Letter
The Addison Report
On Markets
Fred Hager
McKeever Strategy Letter
The Turnaround Letter
No Load Fund Investor
Equity Fund Outlook
Timers Digest

But just because it's on the list doesn't indicate that it is a great choice for you. Before you purchase anything, Google and do your homework. Even after you choose, continue to perform your due diligence.

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