A Guest Post from Samantha -
Eighty percent of smartphone users check their phones before getting out of bed. Before we get into work, most of us have checked our email and flipped through our social media channels. That time on social media shouldn’t be spent retweeting memes and liking Facebook photos; these networks are goldmines for finance news. Start following these six accounts to get your morning dose of finance and investment news.
Scroll Through Twitter
If you’re new to the world of investing, the first thing to do is feel out what people are saying on Twitter. This social network can be intimidating at first, so begin with these two accounts.
StockTwits (@StockTwits) is a social network for investors and traders. More than 300,000 users share updates in 140 characters blurbs. Think of it as finance training wheels for the Twitter-challenged. The StockTwit Twitter account has posted almost 40,000 tweets and covers everything that’s buzzing around Wall Street. Joining this massive community (either as a member or Twitter follow) is a must for anyone looking keep their eyes on stock news.
Charles Rotblut (@CharlesRotblut) is the current vice president of the American Association of Individual Investors. Not only does he tweet helpful articles from his contributions to the Wall Street Journal, but he also gives association updates to members.
What do these two Twitter handles have in common? They’re more than news sources; they’re the social media arms of larger communities. Joining a professional organization is a must for anyone who is committed to their field.
Bonus Pro Tip:
When tweeting about a particular stock, skip the hashtag and use the dollar sign. Tweeting with $TWTR will bring you to a better discussion about Twitter than using #TWTR or #Twitter.
Watch Videos on YouTube
Media in the Internet age is fast. No one has time to peruse the Wall Street Journal or curl up with CNBC to get caught up with news. People want to get briefed on what’s going on in five minutes or less. Enter YouTube.
Personally, I recommend watching MarketMinder Minute by Fisher Investments. They do weekly roundups of the news in 2-4 minutes blurbs. Do you think you can make it past the five-minute mark? They also have quarterly round tables where four or five experts debate hot topics like recent elections and laws.
If you’re just starting to build out your YouTube subscriber list, start with Fisher Investments videos and grow from there.
Like Pages on Facebook
If you don’t get distracted by the baby pictures of your nephew or the new relationship status of your ex-girlfriend, then Facebook can be a great tool to stay caught up on news and best financial practices. Why? You’re already there. Thirty-four percent of women check Facebook first thing in the morning – before checking their email – and you can bet that men do the same thing.
Finance and Development magazine has a thriving presence on Facebook with more than 119,000 likes. Its focus is on global financial news: Eastern Europe, Sub-Saharn Africa, etc. This is where you want to start when you’re expanding your investments globally.
Daily Finance is another “must-like” page for investors looking to grow their knowledge. They focus on news that affects popular consumer retailers, as opposed to F&D’s global news. Do you have an opinion on the Toys R Us Black Friday hours? Sound off in this forum.
Network on LinkedIn
You didn’t think we were going to talk about finance on social media without bringing up LinkedIn, did you?
Finance Club is one of the largest finance groups on LinkedIn and has more followers than any of the above pages. Boasting more than 382,000 members, this private group is a haven for anyone in the finance industry. From insurance to real estate to private equity, this is the place to network with industry professionals and educate yourself.
These are just a few suggestions to begin your social education and is by no means is a complete list of all the great resources out there. What finance pages do you frequent? Leave a comment below.
Author Bio: Samantha Ducati is a loving wife and a mother of 2. She loves reading and writing so much that during her free time she writes about anything and believes that a pen is mightier than a sword.