Share Service

laffer

In the mainstream press you often read about how large scale brokerages issue reports with a buy or sell on a certain stock. I presume those reports are only available to large clients of those firms (e.g. goldman sachs) but can anyone recommend a general share tipping/reporting service? I have been looking at the Motley Fool website and its Champion service but cannot find any evidence of its track record. Any ideas on good services for a modest/novice investor.

laffer

bump

DisgruntledGoat

Must say that i'm not a believer in tipping services, it's always the case that someone else sees the tips first and the market already reacts - prices rise, spreads widen, then maybe the market makers 'shake the tree' to trigger stop-losses.

I'd suggest picking an area you're interested in (my personal choice is oil & gas, as I reckon there's a built-in lifeboat of rising prices as the world economy picks up over the next year), watch and read on places like TMF (PaulyPilot's pub, the Oil & Gas - Companies board, Value Shares), or ADVFN, III etc., amidst all the noise there's a lot of good research there

Rollinghome

You could use something like Investors Chronicle which is probably as good or bad as any. The problem being by the time you get your hands on it the price of a tipped share will already have been marked up just because it's been tipped and for no other reason. Remember too that the reason tipsters sell tips is because they earn more that way than they could by investing in their tips.

And from the dusty old book of annoying markets maxims: "Where there's a tip there's a tap". Not the whole truth but not so far from it either. The antics of Piers Morgan and his mates that lost him his job at the Mirror was nothing unusual.

sabretoothtigger

The choice for investing this way would be via funds I think, then you have a full time guy or people deciding when to buy and sell and they can read the broker reports for you or make their own even because economies of scale make that possible with 300m size funds

Tips are ok but you have to judge it yourself as investing without any personal knowledge is gambling mostly

laffer

Thanks for the info all.