As an investor or potential investor, you are faced with many decisions.
You might ask questions like:
- What should I invest in?
- How will I know when I should buy?
- When is it a good time to sell?
- How can I manage my stocks without spending hours of my life looking at my portfolio?
With an average annual return rate of about 10%, investing in the stock market is one of the top ways to get better returns versus the comparatively small returns that other savings vehicles can offer.
Don’t miss out on better returns by trying to time everything just right on your own.
Using stock price alerts can help you make better decisions with your portfolio. Making better decisions by using myRiskAlert can actually translate to dollars saved. In this blog we’ll cover three different scenarios with popular stocks where using myRiskAlert would have had a dramatic impact on individual portfolios.
How myRiskAlert Works
Using myRiskAlert is easy to both setup and use. You create an online profile that will send you stock price alerts in the form of email or phone notifications when your stocks drop or increase, prompting you to take action.
myRiskAlert is a monthly subscription service that provides you with real-time insight for any stocks you want to monitor. In addition to feeling confident about your investments, you can also feel good about your affordable subscription as a substantial portion of profits go to charity.
Three Ways myRiskAlert Helps You Get Better Returns
With every myRiskAlert subscription you have access to three different tools to help you minimize the risk of investing and get better returns. In this section, we are going to highlight how these tools work using real examples of recent shifts in the market.
Amazon: Saving with myRiskAlert
Amazon (stock symbol: AMZN) has been steadily growing for the last few years. It’s been delivering a steady rate of return for investors, up until August 2021, when the tech/e-commerce giant started seeing volatility. While many are still favorable long-term on this stock, myRiskAlert would have alerted you to the risk.
Now, let’s imagine this scenario:
Tom had purchased 5 shares of Amazon back in 2016 for about $2,500. By June 2021, his shares were valued at about $16,500. Had Tom used myRiskAlert and set up myRiskAlert notifications with a risk tolerance percentage set to 10% (i.e., requesting an alert for when the stock started to fall from its high value by 10%) he would have received a notification that prompted him to consider selling.
Had Tom sold his Amazon shares his value would have been approximately $5,000 greater than holding the stock (as of May 31, 2022). In addition to saving thousands of dollars, Tom wouldn’t have had to worry about how his Amazon stock was performing. He didn’t think twice about checking his portfolio performance regularly, because he knew he would get a notification if he needed to know about any activity. Instead of worrying about his portfolio, Tom would have spent more time with his family and friends.
Tesla: Buying with OpportunityAlert
Now, let’s imagine a second scenario. This time with Jen.
Jen really wanted to increase her capital in the investment game. She just wasn’t sure when it would be a good time to buy additional stock shares. She had already set up myRiskAlert for Tesla (stock symbol, TSLA), as well as an OpportunityAlert with a threshold of 8%.
Like many stocks, Tesla has enjoyed an overall climb in stock prices over the last five years. In mid-March of 2022, Tesla hit a low of $766 per share. It then started to climb in the following days. When Jen received an OpportunityAlert that the stock had grown more than 8% above its most recent low value, she bought ten additional shares. As Tesla continued to climb, Jen’s shares soared to over $950 each in early May. That’s an impressive return of nearly 20%!
Instead of sitting by her phone trying to time her buy-in to the stock market, Jen was able to focus on training for her first marathon, running with a clear mind and at ease about her financial security.
Coca-Cola: Monitoring with CompareAlert
Finally, let’s imagine a third scenario with Brad.
A busy business owner, Brad wasn’t sure how his myRiskAlert subscription would help him make investment decisions. He decided to watch a few stocks with the CompareAlert tool, which enabled him to see how using myRiskAlert as a decision tool could have impacted his performance.
One of the stocks he chose to monitor was Coca-Cola (stock symbol: KO). He set both his risk and opportunity alerts at 10%, looking at historical data for 100 shares over a one-year period. In this scenario, Brad discovered he would have fared well by holding onto the stock because the value steadily increased over time. If he had been using myRiskAlert, he wouldn’t have received any notifications. Why? Because the stock’s value was increasing!
Rather than spending time trying to make difficult decisions about his stocks, Brad knew he could focus on running his business and rest easy knowing that myRiskAlert would notify him quickly if he needed to take action.
Want to Minimize Risk? Sign Up for myRiskAlert Today
The primary purpose of the myRiskAlert system is to help you protect your investments based on your individual tolerance for risk.
How do you like to spend your time? Obsessing over stocks or with family and friends? Do more of what you love and worry less about your investments with myRiskAlert. Visit us and sign up today!
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, investment or accounting advice. You should consult your own tax, legal, investment and accounting advisors before engaging in any transaction.
