The balance sheet. I like the B/S more because we generally do not compare year-on-year or to the industry. It is thus easier.

You just compare numbers on the B/S to each other😍

Ignore that 100 other numbers. Only the yellow 2 asseblief and you are done📚
Only the yellow three and you are done😉
If you are researching a company in the business of giving out loans to clients, you have an extra step⬇️
Balance Sheet done

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More from @SoulFairy3

6 Dec
Many new investors are scared of financial statements. I don't blame them. Us accountants complicate the simplest things to keep ourselves employed😂

Let me show you guys the Income Statement first. You honestly just need 3 numbers. Trus bob💃

Short 🧵
Look at all these numbers😭 I would also wanna run away.

But you just need the 3 that I have highlighted.

This is Shoprite's Income Statement. I can see revenues are growing, net profits are growing and the gross profit is solid. That's all you need.
Numbers mean less than nothing if you don't compare them to something else.

A quick look an Pick n Pay below, makes Shoprite almost a no-brainer in terms of Income Statement strength.
Read 6 tweets
11 Oct
We have not researched a stock on the TL in a very long time. I am back now. Class is back in session📚

We will take a JSE favourite who has been knocked by the pandemic. We all respect them for what they do for Vitality of their members.

Let's dig much deeper into DISCOVERY📚 Image
I am going to use the sheet to guide me, as always.

Time allocation, whether it takes you a week or 30mins:

75% - Understanding the Business
15% - Financials
9% - Management & Culture
1% - The share price itself Image
The person who can tell me something about Discovery that I never knew (coz they dug that deep), wins a R250 @EasyEquities voucher on Friday

Disclaimer: You do not have to invest it into Discovery😂

Start digging
Read 10 tweets
5 Oct

Crypto (for short) is internet money. To understand crypto, you need to understand money.

So what makes money money?

Thread 🧵
Money must have all 3 of the below:

1. Enough people must have it.
2. Merchants must accept it as a form of payment.
3. Society must trust that it’s valuable and that it will remain valuable in the future.
Our current money was designed thousands of years before the internet (bartering to fiat).

Money designed thousand of years ago CAN NOT and DOES NOT cater for the internet. It is that simple!!!

We needed a new currency that can keep up with the internet.
Read 16 tweets
1 Oct
Imposter syndrome, also called perceived fraudulence, involves feelings of self-doubt and personal incompetence that persist despite your education, experience, and accomplishments.

I had this badly for years

What my shrink made me do👇
many of you know I am a chartered accountant and that those exams are dam hard. I passed both exams on the first attempt. Instead of celebrating like other kids, I thoroughly believed the markers made a mistake TWICE

Yes, it sounds ridiculous now, but I believed it with my heart
I took these rubbish thoughts into my entire career that followed. Whenever I went for an interview, I got the job. I was never rejected. AGAIN, I thought I just had a smooth mouth. LOL.

I got promotion after promotion and still I waited for them to catch me out😭
Read 9 tweets
10 Sep
Ways to make money online:

1. Surveys
2. E-books
3. Courses
4. Monetize your YouTube channel
5. Affiliate Marketing (Gumroad and Fiverr)
6. Flipping products
7. iPhone Repairs (you can teach yourself this)
8. Ads (if you have a large account)

Start today📚📚📚
1. Surveys

Please follow @surveypapi I learnt everything I know about surveys from him. I do a few a month. Got some pounds for my efforts.

I invest all survey income🚀
@surveypapi 2. E-books

A passage from my ebook

Everyone has a story to tell. Your story is unique. Writing an e-book takes time and preparation, but it is very rewarding. Surviving a traumatic experience, overcoming grief, competing at the Olympics or completed your first marathon...write
Read 9 tweets
13 Aug
How to read an Income Statement 101

I use this website

You can type in any company and it will display the financials.

Let's use Aveng of course
Red is bad. Black is good.

An Income Statement shows you if a company made profits or losses.

It contains all the income and all the expenses of the company
You start at the top with Revenue. This is the sales the company made. Think of it as the heart of any business. We all start a business to make sales.

You want this number to increase year on year, right???

Let's not worry about inflation now. This number must grow annually
Read 9 tweets

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