I started writing about investing and finance 1 year ago.
Here are the best tools and resources I discovered that you can start using right away to supercharge your investing 🧵👇
Here are the best tools and resources I discovered that you can start using right away to supercharge your investing 🧵👇
1/ Let's start with the tools.
@YahooFinance is my go to for data.
I use the yfinance library to get price data of stock tickers - Open, Close, High, Volume, etc. (for free)
pypi.org
Was indispensable for most of my research!
@YahooFinance is my go to for data.
I use the yfinance library to get price data of stock tickers - Open, Close, High, Volume, etc. (for free)
pypi.org
Was indispensable for most of my research!
2/ yfinance is great but it doesn't have everything.
To get stock ticker data beyond that, I used Alpha Vantage.
alphavantage.co
It has 60+ indicators that yfinance doesn't (but it's paid)
To get stock ticker data beyond that, I used Alpha Vantage.
alphavantage.co
It has 60+ indicators that yfinance doesn't (but it's paid)
3/ For up-to-date info about the top gainers, top losers, PE ratios, volumes, etc. - @FINVIZ_com is a great screener.
It lets you compare stocks, get a visual overview and stay on top of the market.
finviz.com
It lets you compare stocks, get a visual overview and stay on top of the market.
finviz.com
5/ To backtest strategies and see how they would have performed - @ComposerTrade
Composer lets you play with existing strategies and combine them to create your own.
Imagine creating your own custom backtest from scratch without a single line of code!
composer.trade
Composer lets you play with existing strategies and combine them to create your own.
Imagine creating your own custom backtest from scratch without a single line of code!
composer.trade
6/ To collect cryptocurrency data on 12k+ coins for free - @coingecko.
I used this for my post that analyzed historical data to find a reliable crypto strategy.
(Looks like they also have a paid plan now for higher performance)
coingecko.com
I used this for my post that analyzed historical data to find a reliable crypto strategy.
(Looks like they also have a paid plan now for higher performance)
coingecko.com
7/ For data on how Congress trades - Senators and Representatives - @capitol2iq.
capitoltrades.com
It also provides a number of filters and charts to visualize the data in a number of ways.
capitoltrades.com
It also provides a number of filters and charts to visualize the data in a number of ways.
8/ For historical data on IPOs in the stock market for almost all stocks listed after 2000: iposcoop.com.
I leveraged their data for multiple analyses. Great tool!
I leveraged their data for multiple analyses. Great tool!
9/ To track the purchases by insiders in companies: openinsider.com
It lists the purchases with time, price, quantity, etc. Very helpful to track if there are any massive stock moves by insiders.
It lists the purchases with time, price, quantity, etc. Very helpful to track if there are any massive stock moves by insiders.
10/ To track the top brands in the world, so that you can invest in them - @RepTrak.
reptrak.com
I leveraged this for my analysis on how the top 100 brands perform.
reptrak.com
I leveraged this for my analysis on how the top 100 brands perform.
11/ To screen all the trades made by @jimcramer - madmoney.thestreet.com.
I know, I know 😅 - It's up to you how you use it (cough cough @CramerTracker).
Check out my analysis on the last 5 years of his trades to figure out what you should do.
I know, I know 😅 - It's up to you how you use it (cough cough @CramerTracker).
Check out my analysis on the last 5 years of his trades to figure out what you should do.
12/ Now on to the resources!
To understand the importance of data in making investment decisions - @dollarsanddata.
Nick writes in a fun and engaging way on everything from Mutual Funds to Crypto to Risk without compromising on the data.
ofdollarsanddata.com
To understand the importance of data in making investment decisions - @dollarsanddata.
Nick writes in a fun and engaging way on everything from Mutual Funds to Crypto to Risk without compromising on the data.
ofdollarsanddata.com
13/ For the best breakdowns of investing concepts into threads: @10kdiver.
From volatility to retained earnings to Kelly criterion to Charlie Munger, there's nothing he hasn't covered!
From volatility to retained earnings to Kelly criterion to Charlie Munger, there's nothing he hasn't covered!
14/ For a deep-dive into Geometric returns and a totally different way of looking at long-term returns: @breakingthemark
Check out his articles on his blog:
breakingthemarket.com
Check out his articles on his blog:
breakingthemarket.com
15/ For an investing checklist on how to value companies with step-by-step examples: @BrianFeroldi
Check out his playlist here:
youtube.com
Check out his playlist here:
youtube.com
16/ For live updates and high value signal on the crypto world: @ecoinometrics.
It's one of the few Crypto sources that I can vouch for!
It's one of the few Crypto sources that I can vouch for!
17/ For a contrarian viewpoint that has you grounded (and just some great writing in general): @DoombergT.
The green chicken is taking Twitter by storm, and if you haven't followed already, you should!
The green chicken is taking Twitter by storm, and if you haven't followed already, you should!
18/ Volatility and risk are very important topics for every investor. @KrisAbdelmessih does a great job writing about these in his blog "Moontower Meta".
His Money Wiki is a great resource for all beginners (and even pros)!
notion.moontowermeta.com
His Money Wiki is a great resource for all beginners (and even pros)!
notion.moontowermeta.com
19/ While there are a lot of accounts that talk about money, @Jack_Raines is a great account to follow to put it all in context.
His pieces talk about optimizing for happiness instead of money, and his Twitter account is great fun!
His pieces talk about optimizing for happiness instead of money, and his Twitter account is great fun!
@Jack_Raines And finally, (self-plug :p), follow @mkt_sentiment for interesting threads 2-3x a week.
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