Avoid neighbour's tips, go with algo-based platforms

The lacuna of these recommendations is they are based entirely on historical data

 
Often, retail investors don’t get proper advice on stocks, relying on a friend or the neighbourhood broker's tips. Even many bigger brokerage houses maintain separate research divisions for retail and institutional investors, with the quality of reports for the latter being far superior. To help small investors pick stocks with high-return potential, a few companies have started offering stock recommendations based on computer algorithms. These include companies such as MarketSmith India, MarketsMojo and Angel Broking’s ARQ.
 
Some of the parameters for stock picking are the same across platforms. They analyse past performance, compare companies with their peers, evaluate