Anyone have a link or a book rec for how to use a screener? So far in my investing life, I've used only index funds and mutual funs in the 401K. I'm looking at this market thinking it's time to get in, this may not be the bottom, but there are still good buys. I do plan to keep doing the VFINX, but am looking to supplement the growth a bit, if I can. I've opened an account at Zecco.com, they have a screener, but to be honest, I can't figure it out. I looked at Yahoo, which is easier to start to use, but I don't know what I am looking for. Which of the various tools are going to give me the best result? Thanks in advancefredinseoul
In developing a workable screen there needs to be a way of testing the success of the screen. The Mechanical Investing board has done a lot of work in this area.http://boards.fool.com/Messages.asp?mid=26494565&bid=100093Jamie Gritton has developed a testing engine @http://www.backtest.org/Then entry level Mechanical Investing Board is called Foolish Worshop but currently does not have much activity. You could look at the old post to sense the ancient history of developing screens.http://boards.fool.com/Messages.asp?mid=26489657&bid=100136Also the "Weekend Reveiw" people using Investors Business Daily have done a lot of work in developing screens. Their group is @http://finance.groups.yahoo.com/group/werresearcher/This is the backtest engine for the "WER" peoplehttp://www.tradesim.info/I hope this gives you some answers.May God BlessBob
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