What is your annual budget for paid information that you use to make trading decisions?
I am not referring to market data, e.g., live quotes or historical data used for analysis or backtesting.
I am referring to subscription products like Bloomberg, WSJ, or IBD, and to products like Seeking Alpha.
And I am not referring to the Bloomberg Terminal, but rather to the retail subscription product. I can think of only one or two people who actively participate here on ET who might have access to Bloomberg Terminal.
I'm curious what people spend on these types of services, which ones you use, and how often you review the question of whether it's worth it.
I am currently using a trial of the Seeking Alpha Pro product, and I'm impressed with what they have to offer. But it's information overload. And I have not yet taken the time to study the issue of just how qualified their contributors are. Seems like the bar is pretty low; looks like almost anyone can "write an article" on Seeking Alpha. But I think there are tools that enable the user to look at the history and reputation of the contributors. And someone else, in a different thread about SA, commented that when someone writes something in article and something doesn't seem right, other members of the community are quick to call it out in comments. And the comment threads are apparently taken very seriously. Not sure how much moderation there is. But it seems like in some cases, a few comments may be just as valuable and useful as the article...
Would love to hear others' thoughts on how much you pay for information, and where you get it. I know there have been other threads on this general theme, but I haven't seen anything recent.
I am not referring to market data, e.g., live quotes or historical data used for analysis or backtesting.
I am referring to subscription products like Bloomberg, WSJ, or IBD, and to products like Seeking Alpha.
And I am not referring to the Bloomberg Terminal, but rather to the retail subscription product. I can think of only one or two people who actively participate here on ET who might have access to Bloomberg Terminal.
I'm curious what people spend on these types of services, which ones you use, and how often you review the question of whether it's worth it.
I am currently using a trial of the Seeking Alpha Pro product, and I'm impressed with what they have to offer. But it's information overload. And I have not yet taken the time to study the issue of just how qualified their contributors are. Seems like the bar is pretty low; looks like almost anyone can "write an article" on Seeking Alpha. But I think there are tools that enable the user to look at the history and reputation of the contributors. And someone else, in a different thread about SA, commented that when someone writes something in article and something doesn't seem right, other members of the community are quick to call it out in comments. And the comment threads are apparently taken very seriously. Not sure how much moderation there is. But it seems like in some cases, a few comments may be just as valuable and useful as the article...
Would love to hear others' thoughts on how much you pay for information, and where you get it. I know there have been other threads on this general theme, but I haven't seen anything recent.
