Getting involved in the stock market can be a great way to grow your savings and set up a nest egg for the future. The problem is you can also lose a lot of money if you're not informed about the stocks in which you're investing.
Sure, there are huge companies like Apple and Microsoft that sound like a great investment anytime, but their prices are already so high that the stock might not be a good value. Don't worry, I have good news that will help.
Google has a new way to track your investments and it works great.
How Google Finance can help with your portfolio
I know investing can be tough. That's why it's smart to talk to a broker and other financial professionals before you get started. But, that doesn't mean you shouldn't do your own research, too. Whenever I invest in something, I like to do my research, so I know what I'm getting myself into.
It's also good to have a resource on hand that lets you check up on your stocks in real time. That way you can make changes to your portfolio at the right time.
That's where Google Finance comes in. This feature has been around for a while now but Google did a complete redesign of it this week.
Google said, "Now under a new search navigation tab called 'Finance,' you'll have easier access to financial information based on your interests, keeping you in the know about the latest market news and helping you get in-depth insights about companies. On this page, you can see performance information about stocks you've chosen to follow, recommendations on other stocks to follow based on your interests, related news, market indices, and currencies."
When you do a Google search related to finance with the new design, for example, Apple stock, you can click on the Finance tab and you'll see tons of related information.
- First, you'll see a market summary of the stock. You can see how the stock has performed for 1 day, 5 days, 5 years and if you click Max it'll show you the entire history of the stock. (Note: On December 12, 1980, Apple stock was selling for 51 cents. How's that for depressing?)
- Below the stock history, you will see a few related stocks that you can compare performance on.
- Next, you will see a handful of financial news stories related to the stock.
- Under the news stories, you'll see the company's quarterly financials including revenue, net income, diluted EPS, and net profit margin.
- Keep scrolling down and you will find related market numbers like the Dow Jones Industrial Average and the S&P 500 Index.
- Finally, you will see a market news section with stories related to the overall market.
Here's an example of what the Google Finance home page looks like:
This is a great new look for Google Finance. It's always been a helpful tool but it is so much more user-friendly now. Give it a try and let us know what you think by leaving a comment.
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