In the time of blogs, online media, aggregation services, message boards and 24 hour a day business television, it is easy to cast printed business magazines to the side as a valuable tool for getting investment news. I disagree and think there is a strong case for maintaining a few magazine subscriptions to publications such as Business Week, Smart Money, Forbes, etc. I must admit, I do glean most of my investment news from online sources, but I feel it is far too easy to be overwhelmed by the volume of information available online which makes learning about new companies and sectors difficult. Sure, I have my market news headlines on Yahoo Finance and Scottrade which alert me to major events as they happen, but I rarely have detailed market news pushed to me in this format for things I know little about. The reasoning is simple, I set my aggregation services and watch lists to sectors and companies that I’m interested in so that is the only news I get. This filter helps me weed out the vast majority of news that I care little about, but it does little to educate me on topics that I should care about.Enter printed publications.
For $46/year on Amazon.com, I can get 51 issues of Business Week sent to my home. What a bargain. For less than $1 a week, I have a selection of in-depth, timely, and relatively objective articles that will keep me up to date on what is going on in the business world and stock market and will offer me in-depth articles on certain topics that are deemed especially important. It isn’t that these articles are not available on line that justifies the subscription , it is the fact that I simply wouldn’t read them online due to the vast amounts of competing material that is online that will surely distract me from breaking out of my comfort zone of reading about stuff that I’m already interested in.
One of the greatest challenges in investing is finding solid companies and sectors to invest in. Finding new areas outside your comfort zone to invest in is essential to remaining properly diversified and adequately educated to shift your investments to other areas when necessary.Having printed magazines delivered to you allows you to brush up on market news when you are away from your computer which, in the time where 65% of American’s are spending more time with their computer than their spouse, spending a little time away from the computer isn’t a bad idea.
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