One of the key points that I make whenever I talk with investors is the importance of information. That information can take many forms. There are the obvious ones — press releases, earnings reports and related company conference calls, financial filings with the Securities Exchange Commission, third-party research reports and all sorts of articles in newspapers, magazines or online. That‚??s the easily available kind of information. As you might imagine, if it‚??s easy to get, then most people probably have it.
Viewed from the institutional perspective, i.e., mutual fund and hedge fund managers, information available to everyone provides little edge to anyone. I‚??m not suggesting they utilize or condone the use of inside information — far from it. Instead, I‚??m talking about going one or two steps further than what everyone else is doing. That extra effort can take the form of buying industry reports or subscribing to other services, such as my investment newsletter PowerTrend Profits, which uses institutional tools and methods, along with my PowerTrend lens, to invest.
There is another resource that most investors have available to them, but it‚??s surprising to me how few actually take the time to use it. Most, if not all, publicly traded companies have an investor relations department, which is staffed with knowledgeable folks who can help you to understand the company, its products, the industry and how it competes in that industry.
Read more about how to access investing information with the best edge over the herd at Eagle Daily Investor.