Introducing my contribution to the world of investing
Before getting to the sales pitch, can I make an offer so Joe and Pixel can't refuse?
ASF Members Offer
If you message me I'll create an account free for you the first month. If I really like you I'll leave it on for a year. If you've been nice to me I'll leave it on until you feel bad about not paying me.
Otherwise you could sign up and there's a 30-Day money back guarantee.
I did offer a few members free access at the beta stage but I think all sort of red flags pop up when I did that. And those were the nice(r) members; can't imagine how the more "honest" people will find free offers from me would be
That and it proves somewhat imposing and awkward given the situation. So ask and thou shall receive.
What is DangInvestor?
A web-based application investors can use to analyse any business they're interested in.
Analyse and value small private businesses or large public corporations listed on any exchange in the world.
Where are the data from?
Investor enter the data themselves. There are no data feed.
Why are there no data feed?
We find the data available inadequate, sometime outdated and very expensive for the few bits that are useful.
Those few useful bits are freely available from any broker's research platform or google/yahoo finance portals.
Those basic data are good for screening and a quick overview of the financial performance and position. Beyond such use we do not believe any investor ought to make investment decisions based upon them.
No matter how a software company slice and dice it, those data are basic and everyone "knows" them. To act contrary to the market but act with insight and deep understanding require thorough studies - something we believe this application will be able to help with.
That and reliance on third parties does not suit our master plan for world domination
How is it that your software is so awesome, I have to pay for it, and you're not rich?
Not rich, yet. Pay for the subscriptions and that'll change in a hurry
Serious though, it is a tool designed to help investor in their research and analysis, it is not a robot or black box secret algorithm telling you what to buy or sell; and it cannot predict what the market will do.
While DangInvestor does provide calculators and dashboards, automate the key performance indicators and chart the financial ratios; provide guides and tips at every step to help interpret them; have user-based comments and ratings for every company - taking the pain out of building your own spreadsheet after years of research... Like most tools this software helps but does not do the thinking or the final decision for you.
You'd need to do your own research and hopefully this tool organised the approach and take away the mechanical and laborious parts. But thinking and hard work are still essential ingredients.
So what good is it?
It's almost a decade since I graduated from Business School and since deciding to abandon the humanities for ElDorado have been reading fairly widely about the different approaches to investing in the stock market.
Have found what we call the "fundamental" approach - that of analysing the business itself - to make the most sense to me. There are countless books on the subject, most are useful as introduction but very few provide practical examples and application on the actual real-life investing process.
Of the ones that does - those of Graham and Dodd; or the academic textbooks and their case studies... It is one thing to know and learn how investing ought to be done, it is not an easy task to put it into practice - particularly if business analysis is not your day job.
The structure and various tools and guides within DangInvestor are mere assistant in the process; with the software being a database hosted on the cloud, your research and effort are securely stored and available from anywhere to you for later review and updates as opportunity arises.
This is a software that sets out the steps I believe an investor, as a business analyst, should consider when making investment decisions.
This then implies that it is THE WAY of investing. While that might prove laughable, if I believe another approach are just as sensible or more practical or more profitable, I wouldn't have built and follow this approach.
So it needs proof then
If it's alright with Joe and the moderators, I will start to analyse companies and open them up for discussion on this forum.
Plan to do probably one company per fortnight. Some will be current others will be more historical - studying those that have failed and go bankrupt; those that Buffett had bought and did well from; those current market darlings and a few ugly ducklings.
This exercise of course serve my interest in promoting the application but I believe it also help investors looking to see if a certain approach applied consistently could be useful for them in their investing. Or at least it will provide some good laughs at, ahem, my expense... so all good
Will discuss individual companies under their own threads and update the link here.
This thread would be where we'd discuss the features and bugs or otherwise users and members may have (play nice and keep your honesty to a minimum please)
First up will be Capilano Honey Ltd; Follow by maybe WalMart and Woolworths; then a couple of companies that have bankrupted to see if we could have identified them before the cliff.
A special Thank You to TPI for his feedback at the beta stage. It set me back a couple months to implement the shortfall he see but system is much better for it. You can check out his blog at thepassiveinvestor.com.au