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First, where you get information is crucial. Nothing is truer than the old saying, "Garbage in - garbage out."  Stay with respected and recognized information sources such as The Wall Street Journal, Barron's, or Investor's Business Daily.  Watch CNBC or CNNfn whenever possible.  These sources will show you how "smart money people" are thinking. 
Where you choose to trade can be nearly as important as how you choose a stock.  There are many different kinds of brokerage firms-full service, discount, on-line, etc.-and each offers different levels of service at different costs.  If the cost of simply conducting a trade is your primary concern, the cheapest will be the Internet brokers such as Datek, E-Trade, Ameritrade, or National Discount. Some people are comfortable with that.

On the other hand, if you are like most of us and think there is too much at stake to go-it-alone, working with a financial professional may be in order.  The investor and broker should function as a team in creating a long-term plan for the investor.  Interview a potential broker to see if he or she seems like a person you want on your team.  There truly are differences in styles and services.  Some brokers, for example, offer a computerized strategic asset allocation plan in which you sit down together and map out a strategy to fit your specific needs.  Then they work closely with you over time to help fulfill that plan.

This information provides general investment information and should not be construed as an offer to buy or a solicitation of an offer to sell any security.  The material contained herein has been obtained from sources believed reliable, but  Bullseye Investment Research, Inc., cannot warrant the accuracy or completeness thereof.  Opinions expressed herein are those of Tom McCarthy, the author.

The report is for informational purposes only and is not designed or intended as a complete basis for making any investment decision. All investment involves risk. Past performance is not a guarantee of future performance.

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