Everything
You Need to Know about
E-Trading
By NATHANIEL
WICE and DAN ERCK
•
Best Overall Sites
•
Tracking Investments
•
Getting New Investment Ideas
•
Research to Make Investment Decisions
•
Making Investments
You don't
need the Web to trade stocks. And chances are that your full-service broker
doesn't even have Internet access. But then again that $250-a-trade broker
also probably can't track the up-to-the-minute value of your portfolio,
flag a technical breakout from the 50-day moving average of your favorite
drug stock, sip from the burbling brook of gossip that runs through the
financial markets or filter high-growth tech stocks that are more than
25% off their 52-week highs. Ah, but you, equipped with the lowliest, Net-connected
PC, can: the Web gives all of that (and so much more) to you. Here's our
list of the most important places for the e-trader to visit.
Best
Overall Sites
1
Yahoo! Finance
(http://quote.yahoo.com)
Our favorite. Take 60 seconds to set up a free portfolio and you'll see
why. Most investing sites have their own version of Yahoo's basic stock-price
quotes; none keeps more data so close at hand. Crucial research and charts
are a click away, and they load fast. "Recent News" links at the bottom
of the main portfolio screen track breaking stories elsewhere online; the
message boards have more stock gossip than the Wall Street subway platform.
Missing: real-time quotes.
2
Interactive Investor
(http://www.iii-asia.com)
Equity prices from six stock markets, including Hong Kong, with historical
graphs. News from around the globe, plus prices on more than 6,000 mutual
funds. Free advice from a panel of Asia experts and access to a discussion
group on investing in Asia make this site a good starting place. Plus,
unlike many sites in Asia, it's free.
3
MSN Investor
(http://investor.msn.com)
Homepage contender for U.S. investors--and those who invest in the U.S.
While the site draws on a lot of the same info sources as Yahoo (Yahoo
is faster since it has fewer graphics), Investor's presentation is far
prettier. After a special download, you can click around in the chart graphics,
overlaying comparative performance and zooming in and out on the time frame.
Tracking
Investments
Someday,
newspapers will finally chuck their endless pages of tiny-print stock quotes.
They're already archaic, thanks to Web-based stock trackers--a must even
if you don't use an online broker.
QUOTES/PORTFOLIO
TRACKERS
Wall
Street City (http://www.wallstreetcity.com)
Great for free real-time quotes, with loads of information sites. Get ready
to register.
Financial
Interactive Services Hub (http://www.infront.com.sg)
A good starting point for the Singapore exchange, though you'll have to
pay for real-time quotes ($6 per month). Track regional indices and your
portfolio too. Drawbacks: lousy navigation and poor design.
DLJdirect
(http://www.dljdirect.com)
Free quotes on options, even for noncustomers. A handy backup for U.S.
markets if your portfolio tracker chokes on the symbols for stock derivatives.
Netvigator
Financial Express (http://nfx.netvigator.com/premium_app/eng/index.html)
Top-quality research for the Hong Kong market and up-to-the-minute news
and quotes. But it's not free: plan on spending $50 to $64 per month depending
on which services you choose.
Getting
New Investment Ideas
The
facts may sometimes get fudged in the flow of chatter, but all these sources
can light a fire under an overlooked Net play or throw cold water on an
overextended run-up.
ONLINE
DISCUSSIONS
Silicon
Investor (http://www.siliconinvestor.com)
SI is the monster message board for stocks on the Web. Lurk for free, but
pay to post. This is the real thing--insider info has prompted sec investigations.
Raging
Bull (http://www.ragingbull.com)
Another gathering place, as the name none too subtly suggests, for wild
wild Web traders. Special thanks for the "ignore member" feature.
NEWS
CBS
MarketWatch (http://cbs.marketwatch.com)
This Web-only service really boogies on Web and tech stocks. Hype here
can move Net stocks.
The
Asian Wall Street Journal (http://awsj.com)
Capitalism's paper of record breaks lots of stories first on its website.
Bloomberg
(http://www.bloomberg.com/bbn)
Blazing fast, with regular updates on Asian markets nearly real-time (for
the whole enchilada you'll need to spend big bucks for a desktop terminal).
TheStreet.com
(http://www.thestreet.com)
The Street's news staff members round out colorful intraday dispatches
from trader (and site co-founder) Jim Cramer
Research
to Make Investment Decisions
Every
now and then, there's more to stock picking than piling into the latest
.com momentum issue when a CEO struts on CNBC. Here's where the real homework
starts.
COMPANY
PROFILES
Investor
Relations Asia (http://www.irasia.com)
Free research on hundreds of listed companies on many Asian exchanges,
including press releases and annual reports. Contact info for fund management
companies and brokerages.
Hoover's
(http://www.hoovers.com)
Full profiles available for a monthly $14.95 fee.
Thomson
Investors Network (http://www.thomsoninvest.net)
The Investext summaries of brokerage research reports make tin rock ($34.95/year;
free 30-day trial).
ANALYST
RECOMMENDATIONS
I/B/E/S
Check here to find buy/sell ratings tracked by Institutional Brokers Estimate
System (http://www.ibes.com),
available free through Quicken.com.
Zacks
(http://www.zacks.com)
Here's a tally of broker recommendations, upgrades and downgrades for U.S.
markets; data is also available via Yahoo! Finance.
CHARTS
Big
Charts (http://bigcharts.com)
Chart heaven for U.S. securities. Service is licensed widely, including
Zacks (see above).
SECTION
FILING AND OTHER FINANCIAL STATEMENTS
EDGAR
Online (http://www.edgar-online.com)
Edgar's got public files from the U.S. sec (http://www.sec.gov),
which you can also get from Yahoo! Finance's sec links. Edgar's "Today's
Filings" requires a $29.85/quarter subscription.
Making
Investments
When
you get right down to it, this is what it's all about. Choose wisely, and
then get ready to rock 'n' roll.
Boom
Securities (http://boom.com)
Hong Kong's first online securities broker, with English and Chinese versions,
has grown up during the past year. A Reuters newswire, real-time quotes
and, soon, access to U.S. markets. Throw in a portfolio tracker for good
measure. You'll need just over $1,900 to open an account.
Celestial
Asia Securities (http://www.cash.com.hk)
Open an account with $650. Real-time access to account balances, plus a
network of six branches if you need a little hand holding. Trading is limited
to the Hong Kong market, but plans to expand regionally are afoot.
Polaris
Securities (http://polaris.sinanet.com)
and Dashin Securities (http://www.dashin.com.tw/winter)
in Taiwan. It's a crowded marketplace, with more than 30 sites bidding
for your bidding. These two have won kudos from investors.
Development
Bank of Singapore (http://www.dbs.com.sg)
Access to markets across the region, including Singapore, Hong Kong, Thailand,
Indonesia and the Philippines. Fantastic research too. The catch: a minimum
initial investment of nearly $30,000.
Fraser
Direct (http://www.fraserdirect.com.sg)
in Singapore. Nice, easy-to-use navigation. Good all-around site for investing
on the Singapore exchange. Plus, you only need about $600 to get things
rolling.
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