Stock market forums provide a place for investors to come together online and share specific financial ideas and insights. The main goal of these stock message boards is to help other participants profit in the markets. Some of the most popular stock forums take the sense of community beyond the forum format, too.
Some are financial blogs or research publications where large numbers of investors engage in discussions in the comments section beneath each article. Others are comprehensive investment communities in addition to discussions on many non-financial topics. And some stock market forums and stock message boards more closely resemble social networking sites than traditional messaging boards.
6 Top Stock Market Message Boards and Forums
Many members of the investment community generally want to help one another profit in the markets — that’s typically the common interest that draws participants together. But as with any online community, there can be heated debates, misinformation, and outright trolling in stock forums. The general rules of online interaction apply: Exercise caution when consuming information or engaging in discussions in such communities.
Here is a list of some popular stock market forums and stock message boards, including some that have investment strategies for beginners. Learn the details on how these forums work.
1. InvestorsHub
InvestorsHub is mostly oriented toward investors trying to make profit by speculating on short-term investments or trades. The stock market discussion tends to revolve around riskier securities.
Day trading of penny stocks (stocks trading at prices below $5 per share) is one of the most popular topics at InvestorsHub. The site also explores markets relating to different cryptocurrencies, FOREX, commodities, and stocks. Investors have access to tools for creating model portfolios, charting, newsletters, stock scanners and more, for free.
2. Stockaholics
Stockaholics is a financial forum and active online community that has discussions about investing, stock tips, penny stocks, and market analysis. The community is filled with many traders and investors, and it’s a place where like-minded individuals can connect to talk about the market.
On the moderated boards at Stockaholics, investors can share information, resources, and ideas. There are educational videos for new investors and also forums where they can ask questions.
Investors can also get real time market updates on the site, see streaming live charts, and read the latest financial news.
3. SeekingAlpha
SeekingAlpha (or SA for short) is a website where almost anyone can become a contributor, although only high-quality financial content usually makes the cut and gets published. The term “alpha” refers to a higher rate of return than average, so the name of the site could be translated as “investors seeking returns.”
The SA platform publishes the work of many top-notch investment advisors, money managers, and investment newsletter writers. The comments section underneath each article is where the site takes on the role of a stock market forum.
Most new investors can learn a lot from simply reading articles and comments for free on SeekingAlpha. Those who want to participate could sign up and start asking questions in the comments. More experienced investors could even try their hand at publishing their own articles on the site, then engaging with readers who comment on their articles.
4. Motley Fool Community
The Motley Fool is a high-profile site with millions of users that covers many financial topics that may be helpful to those building an investment portfolio. Their investment forum is called the “Motley Fool Community,” which houses free discussion boards. There are boards for financial planning, learning to invest, real money stock picks, retirement planning, and stocks A to Z, among others.
The Motley Fool Community is focused on investment discussions, of course, but in addition to the typical financial topics, there are boards for things like food and drink, fun and games, religion and culture.
5. StockTwits
StockTwits was designed to be like Twitter for finance folks. The platform has more than eight million registered users, and the company is registered with the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA).
Users can create posts with links, charts, and specialist opinions on stocks in much the same way they can on other social media networks. When a forum member posts about a specific company or stock, he or she can mark the post with a “cashtag” so others can find it.
StockTwits also allows members to create watchlists for the stocks they want to keep an eye on.
6. Investors Hangout
Investors Hangout has free stock message boards, stock charts and quotes, and news updates. Investors can see the most active stocks of the day and view live charts. There are blog posts on investing, the markets, real estate, business, and personal finance.
Investors can ask questions of and get suggestions from other members. There are also boards on global markets.
Pros and Cons of Relying on Stock Forums for Information
Whether you’re looking for information on investing for beginners or tools for more experienced investors, stock forums can have some potential benefits, but they also may have serious drawbacks you should be aware of.
Pros
Some advantages of a stock forum may include:
Connecting with other investors.
Stock market forums and stock message boards can be a way to share ideas, opinions, and information with other investors. An individual might get diverse perspectives and potentially helpful insights, for instance.
Access to educational information and special tools.
A number of forums have valuable tools that individuals can access. This might include stock trackers, charts, and even real-time data.
Getting market analysis.
Some forums may have market analysis investors can look at for free.
Cons
When visiting a stock market forum, be sure to proceed with caution and watch out for:
Information that isn’t right for your situation.
Investment advice is not one-size-fits-all. Something recommended on a forum, even by a legitimate financial specialist, may not be right for your particular circumstances or financial goals.
Misinformation.
Some of the information may be wrong, misleading, or fraudulent.
Unverified sources.
Individuals might talk up their qualifications or financial savvy in a forum, but it’s possible that some could misrepresent themselves online. They might also have conflicts of interest that they fail to disclose, such as potential gain from promoting a certain financial or investment product.
Potential to get caught up in the hype.
Some investment strategies touted by some forums may be risky or complicated. Make sure you thoroughly understand these strategies and that you’re comfortable with the potential risks before you decide to try them. And don’t allow yourself to get swept up in hype about possible “big gains,” which could cause you to make a rash decision you might later regret. It’s best to separate your emotions from your finances.
Always Do Your Own Research Before Investing
While you may find it worthwhile and even educational or enlightening to visit a stock forum or stock message board, don’t just take the information at face value. Instead, always investigate and research it thoroughly to make sure it is accurate and legitimate.
In addition, carefully evaluate whether a strategy makes sense for your financial situation, investment goals, and risk tolerance. Weigh the pros and cons and don’t make rash decisions. And finally, remember that there is no sure thing when it comes to investing. At the end of the day, you want to make sure your financial security is safe.
The Takeaway
Stock market forums are online spaces that allow investors and traders to discuss the financial markets, among other things. There are many out there, some more popular than others, and each is different in its own unique ways. Different stock market forums suit the needs of different types of investors, So, before choosing a forum, a potential user might want to consider what their investment goals are.
It’s always important to remember, too, that investors should be critical and skeptical of any tips or advice that they receive, and to do their own research and homework before making investing decisions. There’s a lot of noise on the internet, and it can be difficult to parse out what’s genuine.
This article originally appeared on SoFi.com and was syndicated by MediaFeed.org
INVESTMENTS ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE
SoFi Invest encompasses two distinct companies, with various products and services offered to investors as described below: Individual customer accounts may be subject to the terms applicable to one or more of these platforms.
1) Automated Investing and advisory services are provided by SoFi Wealth LLC, an SEC-registered investment adviser (“SoFi Wealth“). Brokerage services are provided to SoFi Wealth LLC by SoFi Securities LLC.
2) Active Investing and brokerage services are provided by SoFi Securities LLC, Member FINRA (www.finra.org)/SIPC(www.sipc.org). Clearing and custody of all securities are provided by APEX Clearing Corporation.
For additional disclosures related to the SoFi Invest platforms described above please visit SoFi.com/legal.
Neither the Investment Advisor Representatives of SoFi Wealth, nor the Registered Representatives of SoFi Securities are compensated for the sale of any product or service sold through any SoFi Invest platform.
Claw Promotion: Customer must fund their Active Invest account with at least $25 within 30 days of opening the account. Probability of customer receiving $1,000 is 0.028%. See full terms and conditions.
Advisory services are offered through SoFi Wealth LLC, an SEC-registered investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at adviserinfo.sec.gov .
Investment Risk: Diversification can help reduce some investment risk. It cannot guarantee profit, or fully protect in a down market.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
More from MediaFeed:
15 Things Money Can’t Buy
“Money doesn’t buy happiness” is a common expression that has been around for centuries. It is often heard after someone has just won a lottery or inherited a fortune from a distant relative.
The phrase or proverb means that money cannot cure your suffering or fill your life with constant happiness.
Although the source for this meme is buried in obscurity, one possible source for it could be from the philosophical writings of Jean-Jacques Rousseau, a Genevan philosopher who influenced the Enlightenment in Europe.
According to Gregory Y. Titelman in the “Random House Dictionary of Popular Proverbs and Sayings,” in 1950, Jean-Jacques Rousseau wrote, “Money can buy material things, but real happiness must be truly earned.”
DepositPhotos.com
Based on your own personal experiences and observing the world around you, you must admit that there appears to be a certain grain of truth to it.
It’s a well-known and widely accepted notion that money cannot buy happiness. But what if you’re not rich? What if you’re living paycheck to paycheck? What if you’re barely making enough to get by?
Well, in that case, money will make you happy for a short time. But the biggest problem with being rich, whether someone has made their money over many years or has had a sudden windfall that made them rich overnight, is that even having enough money to take care of all the necessities of life is not enough to make anyone happy all the time.
The following are 15 reasons why wealthier people are not always happier. Before you start focusing your life on making more money, check out these reasons why money doesn’t buy happiness.
dobok / istockphoto
Why do they say money can’t buy happiness? Because money doesn’t buy happiness, but it helps make life easier. One problem is that often money can’t buy the one thing that really matters in life: happiness. Another problem is that we don’t always know what will make us happy.
Money can buy many material items, but for some little known reason, it appears the more money people earn, the more they want. Paradoxically, too, people who are not prosperous rarely have high expectations in life and find happiness in simple pleasures.
We may think money will make us happy, but it doesn’t appear to work that way. Money can’t buy happiness. So when we think of money as a measure of happiness, it turns out that more money doesn’t mean more happiness.
Perhaps what we really need is to be content with our lives and to find meaning within ourselves. What’s more, finding meaning within ourselves is more important than chasing the next high, and we should be content with developing our talents.
Nuthawut Somsuk / istockphoto
True happiness arises from within, not from without. Happiness is a matter of perspective and attitude. It is not a goal that can be attained by simply purchasing an expensive item, but it can be found inside you by embracing gratitude and optimism.
Finding true happiness means understanding that the material things we think will make us happy don’t actually bring lasting joy.
Wealthy people – like rock stars, movie icons, and sports legends – are frequently in the media explaining how they had tried to find happiness through affairs, expensive purchases and other material pursuits, but fell short and are now more empty than before.
Despite their jet-setting lifestyles, living in mansions, driving the most sophisticated cars in the world, and traveling in elite social circles, they didn’t find fulfillment. Their wealth and influence never made much of a difference to their sense of life satisfaction.
When people bet money on experiences that should make them happy, they often come up short.
DepositPhotos.com
A new study shows that having more money does not correspond to more satisfaction. In a survey of five studies of 1.6 million people from 162 countries, researchers found that more money does not lead to greater feelings of fulfillment over time.
One reason suggested for this dissatisfaction is the “hedonic treadmill.”
The hedonic treadmill is the idea that we can never really be satisfied with our current level of consumption because we are always thinking about what we don’t have. As a result, people on a hedonic treadmill become increasingly bored, irritated and dissatisfied with everything.
DepositPhotos.com
Money can buy a lot of things, but not everything. A happy family, for example, is something you cannot buy. You must work hard to build a good relationship. Often the truth of the undercurrents of a relationship is masked from the public. Most people, for example, thought Bill and Melinda Gates had a perfect relationship until they announced a surprise divorce.
Relationships are not the only source of happiness in life, but there is often a high correlation between healthy relationships and happiness. We should never underestimate what relationships mean to people. That’s why we should always acknowledge that relationships take time and patience and that money alone will not magically make everything always work out for us.
Depositphotos
Money can give you the security, freedom and time to define your cores values, identify deeper meaning in your life and find your purpose, but it’s up to you to decide what lights up your life and pursue it with everything you have. And you can explore what is most important to you with or without money.
What’s more, not only does having plenty of money have nothing to do with the happiness of living a passionate life, but it can even have the opposite effect, too.
For instance, money can bring about more debt and worry, which leads to unhappiness. Or it can lead people into temptation.
fizkes/istockphoto
We all want more time to do the things we love, but money doesn’t buy us more time than anyone else. In fact, the pursuit of money can itself become time-consuming.
We might think that since working long, hard hours at a job to earn more money gives us a sense of accomplishment, it means that our time was well spent, time worth something. But in reality, our time is always invaluable since we are only here on earth for a brief lifetime.
Therefore, you should not be laboring under the false idea that if you are compensated for your labor, you have made good use of your time.
DepositPhotos.com
Jesse Livermore was one of the most famous investors in American history.
In 1929, he shorted the stock market and made $100 million. Then in 1934, he lost most of his money. Six years later, he ended his life. He considered himself poor but, in fact, still had an estate worth $5 million. In today’s money, that would be about $86 million.
He considered himself a failure in life. His tragic ending is a clear statement that money is not a cure to all of life’s problems, especially those related to psychological issues like self-worth.
Money provides many social advantages that may not be as readily available without it, but money won’t solve all of your problems. Nor will it be able to heal your psychological wounds.
Some people see money as a fix for all their issues in life, inner turmoil and outer obstacles, but it never is the answer to everything.
DepositPhotos.com
Money is not a panacea for all problems. What truly matters is a person’s mindset and attitude. Money matters in our lives because it can provide us with many things that we need to live well, but money alone cannot buy happiness. Both the rich and the poor have sad days.
People find happiness when they spend their money on things that give them pleasure, but pleasure should not be mistaken for the happiness of a well-lived life, a life filled with positive feelings.
Speaking of happiness and positive feelings, the recognition of happiness is actually a subject of scientific research. The new field of positive psychology has revolutionized psychology, which until this time had focused on abnormal psychology.
Now, an entirely new area of psychology has emerged in which the nature of the brain and the origins of happiness can be understood.
It concluded that people need three things to be happy:
- Good relationships
- Rewarding work
- Personal growth
One of their findings was that happy people make more money, but money does not make people happy. In other words, most people have the happiness equation in reverse.
Psychologists have studied the personal experience of many volunteers and concluded that there is a strong correlation between happiness and positive thinking. In other words, the key to happiness is often linked to having a positive attitude about everything, even things that at first appear problematic.
DepositPhotos.com
In many countries, many wealthy people are in poor health, even though they have a lot of money.
We should see the correlation between money and health as one between the resources of a society and the quality of life available to the people who live there.
For example, in an affluent society, there may be excellent medical care but an overindulgence in tasty but unhealthy foods.
So, while wealthier people can afford excellent medical coverage, they might not be disciplined enough to practice preventative health by eating highly nutritious meals and exercising regularly.
In essence, while money can buy excellent health, many wealthy people are not interested in it. Warren Buffett, for instance, who ranks among the richest persons on earth, has a notoriously unhealthy diet. He loves Coca-Cola, burgers, candy and many other foods that nutritionists label as “junk food.”
He relishes foods that nutritionists warn people to avoid as much as possible due to their high levels of sugar, salt, and saturated fats.
Rimma_Bondarenko/istockphoto
Personal growth is all about improving our habits, while spiritual growth is all about finding a deeper purpose in life. Money has nothing to do with self-improvement or acquiring spiritual wisdom. Worse still, the pursuit of money sometimes impedes pursuing these ideals.
Instead of pursuing personal or spiritual growth, many people prefer to spend all their time and energy chasing money.
Personal development is pivotal for happiness and success – things that money can’t buy. Some of life’s most important things cannot be measured in dollars. These are often things related to developing core values that come from coping with difficult experiences in life.
Spiritual development is often associated with developing core values, humanitarian values like love, compassion, patience, empathy and tolerance.
DepositPhotos.com
While having more disposable income will help you get many things that improve your quality of life, money can’t buy many of the things that ease the pressures of life, such as true friendship, the love of your family and friends, and psychological freedom from mental health issues like bipolar disorder.
Money is not the only solution to your worries. There are other ways you can find peace, like meditation and yoga. The truth is that money won’t solve all of your problems. Money cannot buy happiness or keep you from worrying about the future. So we have to rely on other tools to find peace and contentment in our lives.
Your level of happiness depends on having more positive emotions like hope and optimism than negative emotions like anxiety. Happy feelings are powerful emotions that can have positive impacts on your health and well-being.
To understand what it takes for psychological freedom from anxiety, it’s important to look at the components that make up your day-to-day life. It’s also important to develop core values like gratitude and mindfulness to combat anxiety. Although material possessions come and go with the ebb and flow of life, an even-tempered temperament can last a lifetime.
The pursuit of money often creates anxiety because there is always the possibility of losing money. The richest person you know probably spends most of their time solving business problems rather than pleasant activities.
Many business news stories also suggest that successful Wall Street bankers endure incredible stress every day. Those who are trying to save and skimp on getting more money also do not always enjoy life.
DepositPhotos.com
Money can make us happy, but it depends on how we spend our money. For example, spending money on experiences like traveling or going to concerts boosts happiness, while buying material items like clothes or furniture does not create lasting happiness. Therefore, positive psychologists recommend you take some time to think about what you would spend money on to maximize your happiness.
According to a Princeton University study, your level of happiness will go up until you earn about $75,000 a year. After that, your mood levels off. You begin to take for granted your ability to care for all the necessities of life with ease.
The majority of us believe we’d be happier if we had more disposable income. Money can buy security, but as the Princeton studies show, people who earn enough to live without worrying about money don’t get increasingly happier the more they earn.
Money allows you to get what you want in life when you are struggling financially, but that doesn’t mean money always makes you happy or is the only thing that makes you happy. You are much more likely to be happy if you are grateful for everything in your life, especially the love and support of your family and friends.
While reaching a certain level of financial security is comforting, it doesn’t create a feeling of never-ending contentment. Money can buy you more lucky breaks if you don’t have food, water, shelter, clothes or a sense of security. Still, beyond meeting your basic needs and purchasing luxurious things with your disposable income, money can’t do much more for you.
Still, it’s only fair to say that initially, when you are coming into money after bitter personal experiences arising from a lack of it, money brings some short-lived happiness.
For instance, if you have been unemployed for a while and land a great job after months of searching, one of the biggest thrills in life is when you see money in your bank account as a reward for your hard work.
Unfortunately, your positive psychological emotion eventually reaches its peak. But in the beginning, when money showed up in your bank account and you could spend money on things that made you temporarily happier, having plenty of surplus money was great.
Money can’t buy happiness in the long run, but it can help make life easier. These feelings are transient, but while they last, it feels good to have money.
bernardbodo/istockphoto
It takes a great deal of emotional maturity to be sensible about money.
Unfortunately, a lack of emotional maturity can often be seen with lottery winners. After receiving the big check, many people spend it on one frivolous purchase after another because they don’t know how to handle an overwhelming amount of money.
Often, wealthy people have an immature view of money and hold beliefs that make no sense to poorer people. There are many wealthy people who feel they don’t have enough money because they know other people with even more money. Their constant desire for more cannot be sated.
Emotional immaturity around money arises because society conditions people to have an insatiable desire for more money and prosperity.
DepositPhotos.com
With more money, the chances of attracting the wrong people increase. People who care only about getting money from you will be drawn to your business. They don’t care about your core values and will frequently engage in unethical behavior to gain an advantage over you.
Although wealth does not guarantee happiness, it still attracts people who are after your fortune. Wealthy people often need to be cautious about unscrupulous individuals they attract. They often have to be careful when meeting strangers or taking risks on unsound business ideas pitched to them.
bernardbodo / istockphoto
Self-worth is one of the most important aspects of our lives; it should not be overlooked or underestimated at any cost. The risk of being exploited or taken advantage of will always exist when you have low self-worth.
It’s important to have high self-esteem and to love and respect yourself. Self-worth should not be the center of every decision in your life, but it definitely affects your decisions.
Money gives you more of who you are. If you have high self-worth, you will get even more when you earn more. Conversely, if you have low self-worth, you will use your money to cover it up, but it still lurks beneath the surface.
globalmoments/istockphoto
The psychology of money is very complex. We see money as a source of power, a signifier of status and a symbol of the esteem in which others hold us.
Money is a powerful thing. It can influence every decision we make in life. But we may be misinterpreting how it can benefit us. It provides for our physical well-being but only touches on our emotional health.
Considering all the reasons money does not buy happiness, it’s tempting to conclude that poorer people have higher happiness levels and fewer mental health issues. This, of course, is not true.
The pursuit of money is one of the necessities of life – without it, it’s difficult to get food, shelter, healthcare or other basic needs. High or low social status does not make one happier or more miserable. For this reason, it’s not useful to adopt a negative attitude toward money.
While you don’t want to make money your only focus in life, you should not consider poverty a virtue either. People who insist that money cannot buy happiness associate money with existential misery.
If you can overcome any unrealistic beliefs about money, considering it either the source of happiness or the root cause of misery, your heart will be filled with appreciation for all the things you have in life, whether it is a lot or a little. You will understand that true happiness comes from making peace with your life.
Ultimately, money and our attitude towards it are always nuanced issues. We need money to buy some things in life, but it does not always bring us happiness.
Depositphotos
Money is a hot topic these days. So naturally, we all want to know how we can make more of it.
For instance, this economic downturn has made many people focus on saving money and being thrifty. The result is that they are looking at the world with a new appreciation for what they have and what they don’t need in their lives.
This shows that people’s attitude to money is not as simple as just wanting more of it or trying to spend less of it. Instead, it changes according to the circumstances that we find ourselves in.
There is so much confusion around money because there are so many misconceptions about it.
Money is a taboo subject that we shy away from talking about. We are more likely to talk about death or intimate relationships than what our salary is. This, combined with the fact that we need money to survive, clarifies why this topic has been neglected for so long and how detrimental this is to society.
It is time for us to face this reality and start addressing the issues which have gone unnoticed for so long.
One of the biggest misconceptions about attitudes towards money is that there are two camps: people who believe it brings happiness, and people who think that happiness is just an insider job that has little to do with how much or how little money a person has.
In short, there’s very little middle ground. But, in reality, it’s more nuanced than that – there’s actually a whole spectrum of attitudes towards money. Some people just like having lots of money and others don’t think much about it at all.
This article originally appeared on ArrestYourDebt.com and was syndicated by MediaFeed.org.
DepositPhotos.com
Featured Image Credit: DepositPhotos.com.
