New investors are often at a loss for how to find new investment ideas. While that hot tip from your friend's uncle at the cocktail party might be entertaining, there are better ways to pick stocks. But whether you start with sophisticated screens or a walk down Main Street, finding a stock is just the first step.

Jason Moser has no position in any stocks mentioned. The Motley Fool recommends Under Armour. The Motley Fool owns shares of Clean Harbors and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.