After waiting on the sidelines for so many years waiting for the economy to recover, investors are beginning to enter the stock market again. Yet some of them may be looking for investment advice to help guide them through the choppy waters of the stock market. There are a number of options available out there for them, from high-priced financial advisors to a wide range of free personal finance and investing websites. Another possibility is subscribing to an investing newsletter. The best investment newsletters can provide the benefits of more detailed investment advice but usually at a more affordable price than a full service Financial Advisor. One great investment newsletter service that I would recommend is the Motley Fool.
The Motley Fool traces its history back to 1994. Founded by two brothers, David and Tom Gardner, it has grown and expanded from a small AOL bulletin board to a large international investment news and services company. Their motto is “to educate, amuse, and enrich” with the ultimate goal of helping the world invest better by providing investment advice, financial education, and all while trying to have some fun.
The website offers a tremendous amount of free finance and investing news and opinion, as well as a very active public message board. They also have a free investing game called CAPS that allows you to rate stocks and compete with other participants – the better your stock picking, the higher your score will be. It’s a good way to get a sense for what the market thinks about your stock picks.
However, the real value of the site comes from their subscription based investment services. Their flagship service is Motley Fool Stock Advisor, but they have since created a number of different investing services to cater to different investing styles (i.e. Motley Fool Rule Breakers and Motley Fool Supernova). They have even started a few mutual funds known as the Motley Fool Funds.
Despite marketing materials that can sometimes be off-putting due to their over the top copywriting, the newsletters actually provide a tremendous amount of value at a very reasonable price. You won’t receive personalized advice to fit your individual situation like you would with a Financial Advisor, but you will receive high quality investment ideas nevertheless, and for a generally much lower cost.
The Motley Fool advisors are all very transparent in their performance and strategy, and aren’t afraid to admit a mistake, which is refreshing in the world of investment newsletters. Best of all, the message boards for their paid services have a very supportive community and are filled with very knowledgeable members from which you can learn a lot. And as their motto states, there is a generally light-hearted and fun vibe. But don’t let the name “Motley Fool” fool you – the majority of their newsletters outperform the S&P so you can also benefit financially, which of course is the main reason for investing.
So if you are an investor looking for some investing advice, the Motley Fool may be worth exploring further.