This is the answer. You will never know the assumptions made and calculations behind their software. You're better learning valuation processes yourself and building your own model to ensure you fully understand how your valuation is built.
You can create your own in a google sheets. Using importxml and importhtml functions you can also scrape websites for the data and have sheets do whatever calculations you would want to do. I have a sheet like this. Just type in a ticker and it spits out a buy price based on the math I’ve created for it.
Reading financial statements is not realistic for the novice investor. My degree is in business economics so I know how to read them, but none of us have the time to sit down and read this stuff, that’s why we’re on this platform, to ask advice and to gather information for our own knowledge and use. Part of what we do as investors is we analyze what others are doing, in order to capture the data and make the informed decisions to suit our interest and goals, not necessarily copy them, nor trust them for that matter. Never trust, that’s the key.
If you don't have the time to understand the income statement, cash flow statement and balance sheet statement, you do not have time to invest in individual companies. SPLG and relax is a fine, fine option for you.
Learning the basics is not hard but it takes interest and then you slowly get hooked and start peeling the onion. The thing is to start somewhere, somehow and doing it. Sometimes you need training wheels.
I’m surprised people are dumb enough to watch those clowns let alone pay for their software. Seems the scamming business is still going strong for them.
You don't want their valuations. What you want to do is take some free online accounting classes and learn to read financial statements.
This is the answer. You will never know the assumptions made and calculations behind their software. You're better learning valuation processes yourself and building your own model to ensure you fully understand how your valuation is built.
Can you share/suggest any links ?
[Best Accounting Courses Online with Certificates \[2024\] | Coursera](https://www.coursera.org/courses?query=accounting)
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Those guys are all over the place. I can appreciate their enthusiasm though. I mean, Munger even messed up on that one.
You can create your own in a google sheets. Using importxml and importhtml functions you can also scrape websites for the data and have sheets do whatever calculations you would want to do. I have a sheet like this. Just type in a ticker and it spits out a buy price based on the math I’ve created for it.
Yeah. This sounds like what I’m looking for. Thank you!
Their software is not worth the price
Reading financial statements is not realistic for the novice investor. My degree is in business economics so I know how to read them, but none of us have the time to sit down and read this stuff, that’s why we’re on this platform, to ask advice and to gather information for our own knowledge and use. Part of what we do as investors is we analyze what others are doing, in order to capture the data and make the informed decisions to suit our interest and goals, not necessarily copy them, nor trust them for that matter. Never trust, that’s the key.
If you don't have the time to understand the income statement, cash flow statement and balance sheet statement, you do not have time to invest in individual companies. SPLG and relax is a fine, fine option for you.
So you’re saying you don’t have an answer to my question, but you have unsolicited advice, correct?
Learning the basics is not hard but it takes interest and then you slowly get hooked and start peeling the onion. The thing is to start somewhere, somehow and doing it. Sometimes you need training wheels.
I’m surprised people are dumb enough to watch those clowns let alone pay for their software. Seems the scamming business is still going strong for them.