As we all know, if you do invest in the stock market without any research or stock analysis then you will definitely lose your invested money in the stock market that’s why it is very essential to track your stocks in an effective manner so that you can maximize your returns on your investments. If you invest your money in mutual funds then you will get low returns but there is very less risk of losing your money because in mutual funds a professional fund manager invests your fund in those stocks which have the potential to grow in the future, but if you want to get higher returns then you should invest your money in the stock market. But make sure before investing your money in the stock market you should track your stocks properly through a stock portfolio tracker. If you do not know, how to track stocks properly then don’t worry, in this article, we are going to talk about the ways by which you can track your stocks effectively.
Here Is The List Of The Ways By Which You Can Track Your Stocks Effectively:
1. Check The Quarterly Results Of Your Stocks:
This is one of the most important things which you should look at before investing your money in the stock market. If you invest your money in proper stocks then you should check the quarterly results of the market, if the particular stock shows growth in every quarterly result, then you can invest your money in that stock because that company and that stock have the potential to grow in the future. You can easily check the quarterly results of the company from any online website without any cost.
2. Keep Up With Market Trends:
If you want to become a good investor then you should check the market trends once a week because these market trends can affect your portfolio very harshly that’s why it is very important that you should check the market news once a week. If you do not know how to read the market news then don’t worry there are many online websites on which you can read the market-related news, for example, economic times, business today, and many others.
3. Read The Annual Report:
Sometimes a company is not able to increase its growth annually that’s why it will decrease the price of the share annually which is not good for your investment, that’s why the best tool for the analysis of the company is its annual report. Normally the annual report of the company comes in the April month in which they represent their annual returns. You can easily check the annual report of the company from any stock market-related website or you can also check the annual report of that company on their official site.
4. Technical Analysis:
Technical analysis is as important as fundamental analysis because technical analysis helps you in identifying the perfect entry and exit points for investment ie, it helps you to identify the right time to invest your money in the stock and also the right time to withdraw your money with profits. There are many free software on which you can do the technical research without giving a single penny, for example, a trading view, it is absolutely free for basic technical analysis.