Using a Stock Screener to Find Investments

Looking for investing ideas? Use a stock screener to find investments that match your goals.

One of the items that many find most difficult about investing is deciding¬†what to invest in. The perceived complexity of investing is one of the reasons that many people don’t even get started. It’s also one of the reasons that brokers like Betterment exist, and portfolio management tools like Jemstep are cropping up.

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It can be a daunting task to figure out what to invest in, so many consumers just take the path of least resistance. You know you need to get started, so you use one of these tools to help you along, and take some of the guesswork out of the process.

Once you are ready to take matters into your own hands, though, you can get some help finding investment ideas with a stock screener.

How a Stock Screener Works

Before you can use a stock screener, you need to have a basic idea of what your portfolio needs. Use an index fund, or a broker like Betterment to get you started, and then take some time to research information about investments, and how they fit into your portfolio. Once you have an idea of what you want your portfolio to accomplish, you can start using a stock screener to help you buy shares.

A stock screener works by allowing you to find investments that fits your needs. You decide what you are looking for in terms of market capitalization, sector, dividend yield, P/E ratio, and other factors. You narrow the parameters, and suitable investments pop up. You can then look deeper into the choices, and then make a decision based on what works best for you.

In addition to finding stocks, there are also screeners that can help you find funds that match certain criteria. You can look for ETFs, index funds, and other investments that might meet your needs.

 

For the more involved investor, a stock screener is a great tool. You can find investments that fit your goals without too much trouble, and you can eliminate stocks and funds that won’t do at all. It’s much easier than trying to wade through a huge sea of information. You simply define what you want, and the stock screener finds it for you.

Written by Miranda Marquit

Miranda Marquit is a freelance writer and professional blogger, specializing in personal finance, small business, and investing topics. She writes for a number of financial web sites and blogs, and has been featured in numerous media. Read about life as a freelancer at MirandaMarquit.com and in her book Confessions of a Professional Blogger.

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