Investment Tools

Investment Tools

Stock Screener: A Valuable Investment Tool?

Stock screening and the use of a stock screener are a necessity for Investments. Before the Internet and the use of stock screeners, researching stocks and stock screening had to be done through the advice of a stock broker who was only compensated only when you bought and sold stocks or you had to do your own form of wearisome stock research, like manually going through a mountain of paperwork of annual reports, 10-Qs, and an mixture of documents that were out-dated by the time you got them.

Performing investment research on more than a few companies without the service of a stock screener was almost impossible unless you had a staff of Stock Market analysts working for you. Stock screening by doing stock market comparisons on several companies was tiresome and tiring.

Stock screeners became a godsend among the investment research community when it became offered online.

These days, any Investor can access powerful stock screening tools, such as a stock screener and many of the stock screeners on the Internet are free. Of course, there are some very high-level stock screener tools that come with robust price tags; however, for most investors all the stock screener and stock screening research tools they'll need is free or available for a modest subscription price.

Stock Screener

The most familiar and handy research tool for investment research is the stock screener. The stock screener is useful program does stock screening research in a blink of an eye what would take you hours and hours of research by hand to do – and best of all, there are many stock screeners on the Internet at no cost for you to use. Some of the better stock screeners come as part of subscription packages to the bigger investment research sites, but you can get a feel for how the stock screeners work for free.

The concept of the stock screener is uncomplicated. You want to identify stocks that meet certain criteria. (Inadvertently, this is how you go about building a stock portfolio, rather than quickly Investing in whatever stock looks good at the moment.)

Stock screening programs allow you to enter qualifiers such as industry type, market cap, sales, dividends, and so forth. The more sophisticated the stock screening, the larger number of qualifiers. After you put in all the qualifiers, the stock screener looks at all the companies listed on the major exchanges and pulls out those that meet your qualifications. You get a list of the companies. If the list is too sizeable, you can run the stock screener again with tighter qualifications to reduce the number of hits.

The more refined stock screeners allow you to run additional stock screening on the set you just generated, while the free stock screener tends to leave you with just the list. Either way, you have just saved yourself hours and hours of work by reducing the possible candidates.

Zacks.com Stock Screener and Stock Screening Tools

One simple and simple to use stock screener comes from Zacks.com. Despite its simplicity, this stock screener yields some robust results. Zacks.com offers a Custom Stock Screener, Predefined Stock Screener, Mutual Fund Screener and Research Wizard for stock screening. All these stock screening tools are strong, robust and very simple to use.

The stock screener options offered from Zacks.com give you easy-to-read results which can quickly be sorted according to your stock screening preferences. Use exact data in the stock screener to find thousands of stocks and narrow them down to a handful of formidable winners. The Zacks stock screener tools are proven and very useful to get you started in stock screening.

After using the free custom stock screener or predefined stock screener, try the Research Wizard which will not only give you more stock screening tools, but will give you another set of customized tools for picking stocks and monitoring your portfolio. The Research Wizard comes with over a dozen stock picking strategies that have performed in both up and down stock markets. You will also get a free Zacks report: Top 10 Stock Screening Strategies. Also, available is a free Mutual Fund Screener that works much like the stock screener with the capability to customize you criteria and preferences.

Many stock screeners look and work very much alike, but you need to be familiar with what you are looking for and what you need to ask from the stock screener before they can be of real benefit. The great thing about using the free stock screeners like this one from Zacks.com is you can spend all the time you need experimenting and testing without running up a enormous bill. You can also save your stock screening favorites again and again.

A stock screener is just one investment research tool; however, they should be the first tool you master as you begin learning to do stock market and investment research. You should be using a stock screener to help you select winning investment candidates.

About the Author

Zacks.com Stock Screener and Stock Screening Tools

How and where do I start a retirement account.?

I am 21 , going to school, and living with my parents. I plan to put $200 to start a retirement account and then add roughly $83 a month to make it $1,000 a year for the next few years till I get a better paying job.

My question is can I open an online retirement account? Right now my bank is bank of america. I also wanted to know if I started a 401k with my current employer how does that transfer to future employers. I do NOT plan on staying at this job much longer.

Until I learn more about stocks and other investment tools I just want to focus on retirement accounts.

You can start an IRA (Independent Retirement Account) with any on-line brokerage, my recommendation (based on nothing except I like them!) would be BuyAndHold.com, whose IRA stuff is here:

https://www.buyandhold.com/Buy?request=reg.newReg

Don't get too big a head, but you are WAAAY smarter than almost every other 21-year-old in the country to be thinking about this now. The market has historically returned 10-12% a year on average, long-term, and will continue to do so unless the world "goes out of business", LOL. If you invest $200 now, and add $83 a month, by the time you retire at, say, 61, you will have over $1.1 million, even if you never increase the amount you are saving above $83 a month! Behold the miracle of compound interest!

(If you wait until 70 to retire, and can achieve 13%, you'll have about $13M!)

Since you are so young, you probably want to opt for a Roth IRA (which you would fund with money you already paid income taxes on), especially if an employer allows you to participate a pre-tax 401(k) plan.

Well done on being so smart!

Have a great life!

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