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Every decision we make and those by other investors in the stock market which ultimately affects how it reacts is based on one information or the other.

We belong to the age of information. It is why the internet is probably the biggest invention of the century – it provides a way for everybody to get information from every part of the world in just a few clicks.

It is also why, many times, we pay to obtain unique information. The stock market also moves by information. Every decision we make and those by other investors in the stock market which ultimately affects how it reacts is based on one information or the other.

An understanding of the importance of this will not just tell you why you need information but highlight the need for the information received to be credible. In your investment journey, it is important to understand that your success or failure is tied to the kind of information you receive and what you do with it.

As such, where the information itself is faulty, the decision you make will be faulty as well. Unfortunately, one of the things the internet came with is an ease in spreading fake news.

The proliferation of low-quality blogs that carry wrong news is now widely spread and it is easy to get stuck consuming the wrong thing. To get credible information about a stock and a company, here are top platforms to consider.

The Nigerian Stock Exchange

The stock exchange of any company is charged with the responsibility of providing only credible information about the businesses that raise finance under it. While it is common practice by many to simply Google the market capitalization or EPS or a company and choose whatever comes up as truth, the risks of obtaining fake information is imminent.

As opposed to doing that, the Nigerian Stock Exchange serves as one of the most credible platforms to obtain stock market information.

The Company’s Official Website/ Audited Financial Statements

Sometimes, it is best to get information straight from the horse’s mouth. Where a company has good digital representation, then its official website is a great place to find all the investment-related information you’re searching for.

It’s audited financial statement should, in fact, be the first thing you look at because it has passed through a series of credibility tests especially that of a credible auditor who has expressed the trueness and fairness of the information that has been presented.

News From Credible Platforms

There are, however, situations where you don’t get breaking news about the company or even recent information about it from the company’s websites. Of course, its audited financial statement is revealed annually so you wouldn’t get so much of the company’s latest happenings from there.

This is where you will need to look at third-party platforms. While a good company will ordinarily send press releases to its investors, this information is only available to the investors.

In a case where you haven’t started investing, credible national and international news platforms that function where the company is affiliated will provide the necessary information you require.

The key word here is credible so your focus should be on those who have proven themselves over time to be honest and truthful in their dissemination of information.

Of course, there is no talking about investment or stock market information without mentioning Yochaa. Asides bringing you credible information, it presents it to you in the easiest to understand way ever.

Information is key and you shouldn’t compromise on its credibility.

Written by Lawretta Egba.