One of the most common pieces of investing advice is to dedicate a portion of your portfolio to buying growth stocks. Investment advice often frames this in the form of "If you had bought $1,000 of Company X ten years ago, you'd have made so many dollars today!"

Such advice is great in the general sense, but how do you keep up with individual stocks so you'll know what to buy? Here are four ways to start following growth stocks more skillfully.

Follow People Who Follow the News

The hardest part about investing is trying to digest all of the potential information. Investing news comes at you fast, and it can be challenging to get out in front of developments. Even if the information you obtain is good, you might still leave money on the table by moving into a stock later than you would have if you had better information sooner.

One remedy is to pay attention to the people who follow this news closely. If you find a Twitter feed that keeps up with IPOs and SPACs, for example, see how much more the user offers. They might have a website, and they may even let you subscribe to a growth stock investing newsletter.

Look for Specific Sources of Knowledge

Even among the folks who track growth stocks, it's a challenge for them to follow everything. It's wise to look for people who track specific sectors. If someone offers a growth stock investing strategy newsletter that focuses on electric car companies, for example, they can help you narrow in on developments.

Make Notes

You will not always have time to go the whole way down the rabbit hole when you first hear about a stock. Don't try to consume everything in a single sitting. Make a small note about the company, and then come back to it at a later time. Expand on your notes as you perform research.

It's also a good idea to scribble down your first impressions. As you conduct research, refer back to your early notes and see if things still line up.

Local Knowledge

It's also a good idea to find sources of knowledge who can tell you about regional developments. This is a great way to filter the news that comes out of companies. Looking to a source for information about sales in China, for example, is a big deal if you're looking at a target company that claims to be seeing growth there. You can then credibly assess how the company's claims about growth connect with what you're reading.

To learn more, reach out to an investing company, such as Lions Share Investing.

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