How would you like access to the same information as the biggest investors on Wall Street? Well, a new investing tool might get you there.
It's called Marketsmith —a paid Web site, which was launched Wednesday by the team behind Investor's Business Daily . Scott O'Neil, president of Marketsmith, said it "greatly speeds up" the process of getting information because it's displayed in a single-view. The tool also allows for use of any investment terminology, so none of the jargon or slang is lost.
The pay-to-view site also provides analysis from what famous investors might say about a stock you're interested in, said O'Neil. From Warren Buffett to James P. O'Shaughnessy, the Marketsmith team read the books and other materials written by famous financial giants to identify their formulas, he explained. Those formulas were programmed into the site, so you can get their probable take on your stock today.
Watch the video to hear the full interview with O'Neil about his paid Web site, Marketsmith.
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