Should I use seeking alpha with caution?
Hi,
to keep me updated and get more insights on market activity I followed the advice to subscribe for seeking alpha's 'Wall Street Breakfast'. In addition to that, how would you recommend to use the remaining information provided on seeking alpha? Should I treat it as cautiously as I e.g. would do with a comment on facebook?
Best, Hanso6
A step above Facebook, a step below Institutional Investor.
Interesting, I did not even know that Facebook has investment insight. Are the writers at Institutional Investor, journalists or analysts or both? Regarding Seeking Alpha, at least some of the author's have investment backgrounds. I periodically get a an email from them about recent articles written by CFA charterholders.
I didn't know either, but the OP mentioned it in his post. InfoDominatrix lays it all out more succinctly below.
SeekingAlpha is primarily independent contributors, although they do have some in-house writers, I know over the years I've seen items online re: SA's pay scales for their contributors for written pieces/how many views a contributor gets. I believe SA has something like less than 200 actual employees.
If you are in college or high school, I would recommend checking with your school to see if you have access to The NY Times, Financial Times, Bloomberg News, TheDeal and/or WSJ.
If you are working in any sort of a banking/financial business where you might have access to any/all of the above, ask. Also inquire if your firm has Factset, which should give you access to StreetAccount, a news source. There's also Factiva and Lexis-Nexis.
As for other business news sources that are free, I'd suggest MarketWatch, Yahoo Finance, Axios, Reuters.. If you're interested in tech related news there's Gizmodo and TheVerge to name a couple. Market-activity-specific news is also free via NASDAQ.com and OTCMarkets.com as well as TheStreet.com
Thanks a lot! I am still a student. In most cases I find myself overwhelmed by the amount of sources to choose from. Would you recommend to perhaps pick just one area of interest and start updating regularly on it? The approach of getting a comprehensive insight seems to demand too much time of the day.
It's a such personal choice - you should probably check out a few and see what layout, content coverage and navigation you prefer.
I find NYT, WSJ or Axios for overall general business/tech/markets news are always good places to start - and then depending on what else you're interested in, you can search for more sector-specifc or topic-specific news sources as needed, as you start developing specific interests.
You should take all information from any source with caution, and Seeking Alpha should be highest priority caution--it's just a bunch of day traders on there talking shit. But you should never just plug and chug numbers someone else comes up with without first investigating.
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