Seeking Alpha vs Bloomberg 2023
If a beginner-friendly service like Motley Fool Stock Advisor isn’t doing it for you, chances are, you don’t just want to be handed profitable investing ideas: you want to understand them and find them yourself!
Whether you’re investing in stocks, options, cryptocurrency, or the commodity market, having a way to gather and analyze data effectively is critical to your overall investment success. Fortunately, there are many different premium services that can help you increase the efficiency of your real-time data and investment strategy.
Today, we’ll be taking a closer look at two such services in this Seeking Alpha vs Bloomberg comparison!
|Seeking Alpha is Better for:||Bloomberg is Better for:|
|Stock news||Global news|
|Improving your investing skills||Managing large portfolios|
Both of these services offer news, educational resources, and current data (such as the real time price of a stock). Neither one functions as a dedicated stock picking service, but you can easily use either to identify the best-ranked stocks on any given day.
Each one also offers an expansive history of stock market data, expert analysis, stock screeners, and other tools for implementing your investing strategies.
|Free Features||Limited access to articles, email alerts, news updates, stock pricing, limited charts, Wall Street Stock Ratings||Limited access to content|
|Paid Features||Premium content, news updates, email alerts, Wall Street stock ratings, Author Ratings & performance, stock pricing, stock charts, Quant rating, dividend grades, PRO content & newsletters, short ideas portal, idea screener (with filters)||Unlimited access to all content, live radio/podcasts/narrated articles, Bloomberg TV, Bloomberg Businessweek Magazine, Bloomberg Green Magazine, Bloomberg Terminal|
|Annual Subscription Fees||$29.99-$69.99/month||$299-$399/year (website) $30,000/year (Terminal)|
|Securities Analyzed||Stocks, ETFs, crypto, other equities||Stocks, ETFs, crypto, other equities|
|Investing Approach||Fundamental & analytical||Fundamental & analytical|
|Best Use||Stock research||Global market research|
|Modest Money Overall Rating|
Factor 1: Free Features
While neither service will offer you weekly stock ideas or direct stock market recommendations for free, they do offer limited access to news and quantitative tools. These free resources—such as basic stock charts—may be enough to identify high-growth stocks, but you’ll likely need to upgrade if you’re dedicated to stock tracking.
Seeking Alpha Offers More Free Features
- Seeking Alpha lets you track stocks for free
- Bloomberg’s video time restriction resets every 24 hours
- Seeking Alpha offers real-time news updates
Even if you join the largest investing community for free, you’ll still be able to effectively track your favorite investments for important or unusual trade activity. While you won’t have access to any advisory services, you can still enjoy analytical emails, charts, stock ratings, and read a limited number of articles for free on the Seeking Alpha website.
The Bloomberg website doesn’t really offer much for free. You won’t have much luck identifying investing opportunities or trying to conduct investment comparisons, as—even after registering—you’ll barely have any access to information. Reading news articles will give you a general idea of activity in stock market movements, but you can’t read many without a paid subscription.
To its credit, Bloomberg’s service does support making actual trades (unlike Seeking Alpha), but this functionality isn’t offered on its website, nor through its free membership.
Factor 2: Paid Features
A worthwhile income investment subscription should fit within your budget and be able to meet all of your needs. While both services can meet the basic needs of most investors (such as offering a real-time stock screener or a stock analysis app), one stock subscription service is far more affordable than the alternative.
Seeking Alpha Offers More Value for the Money
- Seeking Alpha Pro unlocks every feature
- com offers little more than global financial news
- Seeking Alpha Premium is enough for most retail traders
Surprisingly, you can access this top-rated investment analytics service for an affordable price. Seeking Alpha Premium includes access to Premium content, full stock screening, charting, & research capabilities, stock Quant ratings, stock dividend grades, and more.
These features should be more than enough to find potential stocks that fit your preferred investment criteria, learn relevant information (such as the average return), and make informed decisions using the data provided.
You can effectively manage your portfolio with Premium, but Seeking Alpha Pro is also an option. This next-tier subscription unlocks Pro content, newsletters, “Top Ideas,” the short ideas portal, and the idea screener (with filters).
The Bloomberg website focuses primarily on offering global financial news. A lot of the pieces you’ll see here cover topics that have already been covered in other investing newsletters, though Bloomberg will generally go into more detail than the competition.
Content is offered as articles, videos, podcasts, live TV, and live radio.
Bloomberg’s main paid service, Bloomberg Terminal, offers all of the stock data that one could ever need, but it’s designed for institutional users (like credit unions). This software’s extensive capabilities far exceed the needs of retail users.
Factor 3: Subscription Costs
Seeking Alpha is designed for retail traders and offers pricing plans that are affordable. Bloomberg.com operates closer to a global news service, with most of the financial tools—beyond analyst articles—being limited to the Bloomberg Terminal.
Seeking Alpha is Priced for the Average Investor
- Seeking Alpha offers two paid subscription plans
- Bloomberg Terminal costs $30,000 per year (as of 2023)
- Seeking Alpha offers a free trial
The “Premium” plan costs $239 per year and will fit the needs of most retail investors. For those who need an extra trading edge, the “Pro” plan unlocks all of the site’s additional capabilities for $499 per year.
Learn More About Seeking Alpha
Access to the Bloomberg.com website will set you back $34.99 per month. However, you can save money with a digital-only annual plan ($299 per year). There is even a digital/physical subscription offered for $399 per year.
However, if you want to use Bloomberg for trading then you will need to subscribe to the Bloomberg Terminal. This software solution—which claims to be the “most powerful, flexible platform for financial professionals”—will set you back $30,000 per device.
Seeking Alpha vs Bloomberg: A Summary
When comparing these two premium investment services, it’s important to base your decision on your individual investment situation. If your self-directed investments are largely based in foreign markets then it may make sense to go with Bloomberg. Bloomberg is also the preferred option for institutional traders.
However, most people are only managing their own investments, not managing numerous investment accounts for multiple clients. Assuming you’re a retail trader who just wants to get an advantage in the investment game without breaking the bank, we recommend Seeking Alpha.
To take advantage of the stock screeners, investment advice, and in-depth analysis offered by Seeking Alpha, click here!