We started a 4 part series on our YouTube channel showing how to identify great stocks for your portfolio.
Here is a recap of the session...
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✅ Start with Fundamental Analysis
This is the use of Financial Statements, Economic Reports and Forecasts to evaluate a stock's potential. The goal is to examine the key drivers of a company's current and future business activities.
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✅ Review the Financial Statements (Quantitative Analysis)
Look at the measurable characteristics of a company. The main sources are the Balance Sheet, Income Statement and Cash Flow Statement
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🚨Highlights from the Session with @simplifyingfin over on IG🚨
Title: Before You Invest
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1. Have a Spending Plan (Budget)
This provides room to invest consistently. Without getting a handle on spending you won't be able to invest as much as you need to achieve your investment goals.
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2. Build Your Emergency Fund
Save enough to cover unplanned or emergency expenses. This will prevent you from selling Investments too early to cover unplanned expenses.
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