Data in abondance. In term form of communication, internet, images, smart devices and many more. According statista.com about 181 zettabytes of data will be created by 2025.
Today’s topic is about data for investment.
Looking at the amount of data and information coming from youtube, social media, internet search, white papers, classes/tutorials, official reports, factsheets, etc, & converting this data into an insight will take a lifetime even more for an individual.
Yet, we cannot afford to gamble our hard earn money without proper research & understanding, into any form investment based on speculations & hypes. We can’t run away from Warren buffet’s or Charlie Mongers quote when talking about investing, "Never invest in a business you cannot understand," he once said
How to compile, put into a logical format and perform analysis on such a huge data scatter around the internet in short or reasonable time? Investment decision cannot take one life time right.
Here where we can look for website & services which already do all the hard work in term of collecting the data and perform certain level of analytics for investors. A trained eye will able to digest the number summarised numbers and make sense of the already available analytics like company background, financials, valuation, ownership, expert analysis report and can come up own investment decisions quickly.
Data in each of this section tells different story. Example, the ownership movement data show the stock gaining/losing popularity/invested based on the funds flow in or out of the stock portfolio..
This is not sponsored article but, this some of the sites I am using for my investment knowledge & actions for some time now: Morningstar, SeekingAlpha, DataRoma(view super investor’s portfolio) and few more.
Data is in abondance, we need skilled eyes to convert the data into an actionable insight by learning. How analyse an investment opportunity using readily available data is another mega huge lifelong learning topic by itself.
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