Of course there are sources of information that you can trust but on my website, we follow one simple rule: Nobody cares about your money more than you do so when you're looking for investment advice, remember that nobody writing on websites or reporting on TV has any personal interest in your money.

First, let's look at where not to go. Stay away from the e-mail that has the secret stock pick that nobody knows about. There are two reasons that they are dangerous: First, often these e-mails are sent out because the stock has little to no trading volume so somebody sends an e-mail to millions of people looking to artificially drive a stock higher. Second, if the secret information were actually true, inside information is illegal so you would be breaking the law.

Next, don't listen to your coworker that heard from a buddy that a certain stock was going higher. I'm amazed at the amount of people who actually listen to advice like this but it happens all the time. The obvious reason is that you have no idea who this person is and if it really was such a hot pick, why would they share it with you and anybody else who would listen?

Let me give you one trusted source that has worked for me. It's a pay service but the money I've made over time (this is not a get rich quick scheme) has made up for the membership fee. Consider subscribing to a service like Action Alerts Plus where an expert like best selling author and CNBC commentator Jim Cramer is doing your research for you and all you have to do is buy and sell when he tells you to execute the trade. My secret is that I don't have enough time to do all of my research so I let Action Alert Plus do it for me.

This kind of service is a way to learn how to invest. His investment advice also comes with an explanation of why he is making the trade so you learn. Over time, you would be able to say goodbye to Mr. Cramer armed with the knowledge you need.

Don't take investment advice from just anywhere. Much of it is not for your benefit. Be careful.

Action Alerts Plus will increase your investing success and transform your portfolio from mediocre to exciting. It often makes me 10% to 20% on every investment I make as long as I am patient. To learn more about it, click here.

Tim is the author of elementary-finance.com, a financial blog providing beginning investment and finance advice to those who have a desire to learn the basics of investing and finance.

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