I rely on FINVIZ for all my investment screening, whether I’m searching for dividend growth stocks or building my retirement portfolio. A stock screener can help you find new investments or even create an entire portfolio from scratch. But before setting up a screener, it’s important to have a clear strategy that aligns with your investment style. Here’s a straightforward guide to using the FINVIZ stock screener effectively.
**How To Use FINVIZ Stock Screener and Boost Your Investment Returns**
The FINVIZ stock screener can enhance your investment returns instantly, as it helps you find any type of stock, no matter the market conditions. Using a stock screener like FINVIZ is crucial for informed investment decisions and building a successful portfolio. My passion for investing led me to write “Dividend Investing Your Way to Financial Freedom”, where you can learn more about my strategy.
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**What is FINVIZ?**
FINVIZ, short for ‘Financial Visualization,’ is an excellent platform for stock market analysis, offering tools like quotes, news, charts, and more. It’s a powerful tool to enhance your investment returns by providing all the information you need to make informed decisions within one platform. It offers a free stock screener allowing you to evaluate public stocks based on different criteria like:
– **Descriptive**: Includes dividend yield, IPO date, market cap, etc.
– **Fundamental**: Covers price to earnings ratio, dividend payout ratio, and more.
– **Technical**: Involves technical indicators like moving averages and RSI.
FINVIZ isn’t just about screening stocks. It’s also useful for creating portfolios, reviewing heat maps, and staying updated with news. FINVIZ Elite is an option for any investor looking to gain an edge in the market.
**How to Make the Most Out of a Stock Screener**
Before investing, it’s essential to have a strategy that aligns with your goals. Using a screener allows you to filter out stocks, zeroing in on a few companies to research further. A strategy like the dGARP approach (Dividend Growth at a Reasonable Price) focuses on finding dividend growth stocks at undervalued prices. By following this method with FINVIZ, you can improve your returns significantly.
Here’s a step-by-step guide to using FINVIZ:
**Step One: Access the FINVIZ Screener**
Start by visiting the FINVIZ homepage and clicking on the ‘screener’ tab. There are various screening methods available, but FINVIZ offers a comprehensive tool for this purpose.
**Step Two: Set Your Screening Criteria**
Once on the screener page, dive into the criteria to identify undervalued stocks. Key criteria for dividend growth stocks include:
– Dividend yield over 0%
– Market cap over $10 billion
– P/E ratio under 20
– EPS growth next year over 5%
– PEG ratio less than 1
– Payout ratio under 50%
By applying these criteria, you can narrow down your options significantly, streamlining your decision-making process.
**Step Three: Review and Analyze the Results**
Evaluate the stocks that meet your criteria by analyzing qualitative data. Check each stock’s investor relations page for valuable documents like the 10-K and 10-Q reports. Consider whether you understand the business model and management, as well as the company’s competitive advantage.
If you’ve further narrowed down your list, use the export function in FINVIZ (part of the Elite version) to save your results and track them over time.
**Understanding FINVIZ Elite**
FINVIZ Elite offers features like advanced charts, real-time data, and customized filters. It provides an ad-free experience and can significantly expedite your decision-making process. Elite includes benefits like intraday charts, backtesting strategies, and an export function for data analysis. It’s aimed at both novice and professional traders and offers a full refund if you decide to cancel within 30 days.
**Why Consider FINVIZ Elite?**
The speed and efficiency of the Elite version let you make timely investment decisions. By automating certain processes, you can save time for important tasks like qualitative analysis and understanding business models. It’s not a one-size-fits-all solution, so you should adjust the criteria according to your preferences to avoid missing out on potential investments. Using tools like FINVIZ can inspire new investment ideas, helping you work smarter.
For further simplicity in managing your investments, consider using a dividend income tracker. This helps monitor your dividends and allows you to reinvest effectively, making the most of compound interest.
Now that you’ve mastered the use of the FINVIZ stock screener, consider joining our community to explore more financial opportunities and achieve both financial freedom and a rewarding lifestyle. Subscribe to our newsletter to receive free financial resources and tips.