We’ve been getting quite a few questions about the growth stocks screener so today we’re looking at what exactly it is and how it can be of benefit to you in your investing journey.
What Is A Growth Stocks Screener?
A growth stocks screener is a tool designed to help investors quickly and easily find shares that suit their needs. The platform offers various filters to help you dig deeper into the market and work out which companies could be a good addition to your portfolio. It is also a great tool for comparison and can be used for monitoring your portfolio if you want to keep an eye on your shares but are the type that gets stressed when you can actually see your funds fluctuating.
What Are The Benefits Of Using A Growth Stocks Screener?
There are many benefits to using the growth stocks screener and we strongly suggest making use of it when building your portfolio. We have outlined some of the perks below:
Better Insight Into Shares You’re Considering Purchasing
First and foremost, by making use of the growth stocks screener you’ll be able to get better insights into any shares you’re considering purchasing. This is incredibly valuable, especially in such a volatile market, and you should always aim to do as much due diligence as possible before committing.
Find New Shares That You May Not Have Otherwise Considered
You may also come across shares that would not have even been on your radar had you of not made use of the tool. This may not seem like a big deal, but with diversification being a key factor to success within the market, having more options available is never a bad thing. Plus, you’ll be able to get a good idea of how any new shares you discover are performing without leaving the platform, so if you decide that they could be a good addition to your portfolio, you’ll already have a significant chunk of research to start your exploration journey with.
Expand Your Knowledge Of The Market
The growth stocks screener can also help you expand your knowledge of the market in general. Being on top of what’s happening and understanding trends can make your investment journey much more pleasant, and your selection process easier, so it is always a good idea.
Track The Market
As an investor, keeping an eye on the market should be one of your top priorities unless you’re playing a long game in terms of strategy. While we suggest holding stocks for at least a year or two, we understand that many do choose to day trade and in this instance, the growth stocks screener will be one of your best resources for keeping on top of what’s going on in the wider market and figuring out how that could affect your holdings.
Build A Balanced Portfolio
Finally, as noted above, diversification is key to protecting yourself against market fluctuations and creating a strong portfolio that will serve you well for years to come. With this in mind, using the growth stocks screener to help build a balanced portfolio is a wonderful idea. You’ll be able to explore different industries, see how they interact with each other and dig deeper into any shares you’re considering adding to your collection, all without actually making purchases or risking your funds.
So there you have it, things every investor should know about the fantastic tool that is the growth stocks screener – go ahead and add it to your tool set today, you’ll find it quite helpful.