If you dabble in online investing, you have certainly been deluged by emailed offers of investing advice and "hot stock tips". Undoubtedly, some good stock tips are out there, as well as a whole host of questionable ones and some that are outright guesswork. How can you tell the difference? After all, even the best professional investors and advisors are fooled periodically by events.
We cannot give you any hard and fast rules, either but we can give you some general guidelines.
Ultimately, the best way to make sense of stock tips is to have enough knowledge to be able to put them in context. You can recognize straight-up nonsense, and will develop an understanding of the best way to verify tips that seem to have promise.
That means educating yourself on basic investing principles. Soak up all the information you can about investing principles, and you will be more likely to be able to pick the gold nugget tip out of the rest of the tips in your pan that are merely rocks. Otherwise, good luck and enjoy your dartboard.
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Photo iStockphoto.com/ xijian
Originally Posted at: https://www.moneytips.com/making-sense-of-online-stock-tips
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