I am not a financial analyst. For years, I just trusted the fund managers on Wall Street and wherever the mutual funds went, I took the ride. It wasn't until the COVID pandemic when I had time to dig in. I was really more curious and explored funding houses, checking out cryptocurrencies, and finding a way in the stock market. I had very little experience. Very dangerous. Playing with fire while I was locked away at home.
I decided to take my financial journey to the next level by subscribing to investment newsletters. Because you can't believe everything you read on the internet. (see how I just did that!!) I have subscribed to a total of four investment newsletters. Certain newsletters were filled with speculation and dramatic content, reminiscent of a tabloid magazine found in a supermarket checkout line. Lots of data and the results were inconsistent with the experts on Wall Street. But a few of the newsletters were solid and have done me well.I was on my way to being engaged and cared more about my investments than fund managers. As I continued learning, I got closer to understanding the process and data of the stock market. Wall Street is like legal gambling. Many fund managers make money because their funds get bigger, but not necessarily because they are skilled at finance. Said differently, they can make a great salary and not help you or I.
One tool I found online was a gem and I have grown to love it and really depend on it as a data point. I have watched the platform evolve and become valuable in my education, as well as my portfolio. It is called Tykr. I don't post many tools and rarely endorse one as an affiliate. But I look at software in general daily. I work in IT, so it is my expertise. What I will say is that Tykr has helped me beat the mutual fund managers the last 3 years. (Take that ya filthy animals!!!)
I employed the Tykr Tips tool to scan for lucrative stock deals. I moved money to the deals, and relied on data to tell me to buy more, watch it, or ditch a stock. Naturally, I thoroughly examined additional data sources to validate the accuracy of the Tykr guidance. I am sure there are elements of Tykr in conjunction with reading, podcasts, newsletters, and me getting engaged. Let's face it, a little luck can go a long way too. I just know S&P scored 27% over last year, and I currently lucked out with 39% as a newbie. Stay curious and continuously seek knowledge to enhance your learning journey. Maintain your enthusiasm and engagement while exploring various resources and platforms, such as Tykr, that provide valuable data and tools to support your decision-making process. The whole market could crash soon for all sorts of external reasons. But knowing that with a little effort, you have the same data as a Wall Street clown making their guesses and gambling with your retirement. Take the wheel. Always bet on yourself!