How To Become Wealthy

There are lots of different ways that you can keep track of your investments these days. You have dedicated TV channels, you have the internet, you have a stock trading newsletter and you now have the smart phones. What is the best method?

To work out which is the best I will run through each one. I will look at what TV shows have to offer first of all. These are great as light entertainment. It is always good to turn the TV on in the morning to see what is happening in the markets. Likewise, when you get home you can see how the markets have performed.

The trouble is that you can’t interact with the TV show. You can follow the overall market but is difficult to follow your shares unless they are for the larger companies. This is where the internet comes into its own. You can search for any stock of your choice and you will be able to find lots of information to help you with your research.

Then you have the stock trading newsletter. These tend to be mailed to individual investors but these days they are available on the internet too. You tend to pay a subscription and each month you tend to get new recommendations and updates. This is great for getting an independent view on certain stocks but you usually can’t influence the stocks they look at.

Now we have smart phones such as the iPhone. With these you can do all of the above. You can keep a track on the markets really well. You can input your portfolio into an app and follow its progress throughout the day. You can even watch TV shows and do all the research. This is only going to be improved with the introduction of the iPad.

I think the best way to approach it is a combination of all the above. You follow the general market on the TV, you do your own research on the internet and you get new recommendations from a stock trading newsletter. A phone is a great way to combine them all.