Most of you can’t afford NOT to have an integrated fast set of research tools because you won’t do it the old way! You just don’t have 5 to 10 hours a week first off because you have a life and second because investing isn’t all that entertaining. And you don’t love Excel spreadsheets either.
To try another analogy, you can make nice furniture with hand tools… if you are careful and patient and have plenty of time. But most of us… hey we need a table saw and a power drill to do it because we just don’t have the time or patience to plod along.
The best integrated tools I know of are made by Investools, a public company, IED, http://investools.com/, started by GE Capital and partnering with CNBC and BusinessWeek among others. Almost effortless to use, fully integrated searches across 14,000 stocks, seamless research connected with good portfolio management tools and paper trading tools. These tools cut my investing time down to minutes a week. Well worth checking out.
And in the interest of full disclosure - I am on stage around the US urging people to learn to invest and promoting an Investools workshop. The workshops go from basic to advanced and range in price upwards to over $10,000.