Read financial statements as a stock investor
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This course is to enable newbie or keen stock investors to arm with some basic skills in reading financial statements. The ability to read financial statements is the first step to be a good stock investor. It is a financial language that all stocks wannabe should aim to acquire to significantly augment the success rate in stock investments.
When one comes across the financial statements of a stock, the first thing that an investor should do is to be able to identify whether that stock is a good stock or a bad one. If the stock is a good one, what makes the company successful. And if the stock is a lousy one, then what makes it to be bad. This course aims to arm you with just that, at least at the first level.
As this is a course for the newbies and keen stock investors, we do not expect anything from the audience other than an enthusiatic learning mind to pick up some basic skills to increase your success rate in picking up stocks.
This is a basic but powerful course. It takes only about one hour of your time to focus on the essentials taught in the lessons. Pick up some skills for just a song!
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|Section 1: Introduction to READ THE FINANCIAL STATEMENTS AS A STOCK INVESTOR|
This introduction is to let students know of my background and why I am teaching this course.
Some simple but powerful take-aways from this course are:
The introduction is to explain what are financial statements and who are interested in financial statements of companies. The introduction also outlines the scope of the course to enable students better understand the significance as well as the depth level of the course.
This lecture is to help frame the expectations of students. Doing a course to learn about the stock market is not going to turn someone from a rookie to an expert overnight no matter how good the course is. This is especially so for a beginner's course as students have not attained even the necessary basic skills to tackle the ever-changing business environment affecting the stock market. Students need to be aware of the following:
|Section 2: The balance sheet|
This section teaches you what is a balance sheet. Essentially,
This lecture explains what is a group and a company. It also explains and what is minority interest or non-controlling interest that we often find in the financial statements. Once you grasp these concepts, you are in better position to understand financial statements when you read them. Some companies provide details of group as well as companies in their financial statement. It is important what students should know how to differentiate between the two ensure that they are using the right data for their analyses.
In this vdeo, we shall participate in a quiz to help reinforce our understanding about the balance sheet. If you able to confidently answer how the company is able to finance its asset purchase, you should have attained the requirement of this section. Congratulations!
|Section 3: Income statement|
This video clip describes what the income statement of a bank looks like.
The video describes the income statement of a transport company
Income statement - Is profit equals to cash
Income statement - summary
|Section 4: Cash flow statements|
The cash flow statement - The essentials
This video clip picked up some of the danger signs that you should look out for when examining the cash flow statement.
Cash flow statement - The concept of free cash flow
|Section 5: Statement in changes of Equity|
The statement of changes in equity is often a forgotten financial statement. Nevertheless, it provides us some information with regards to how the equity changes during the FY.
|Section 6: The round -up|
This lecture is a round-up of what we have learnt during the course. As it is a beginners' course, it is important that students be informed of what one is expected to do as a next step to attain higher proficiency in becoming an outstanding stock investor.
|Section 7: COURSE SUPPLEMENTS|
Although the objective of this course is to better understand 5the financial statements for stock investing, personally I feel that the ultimate objective of students is to become and excel as a stock investor. Given that I had made this supplement for another course - Five steps to becoming a winner in stock investing, I decide that I should also this supplement for students in this course - Read financial statements as a stock investor. I really hope that you find it beneficial.
Course supplement #2 - update on 11 March 2016
Brennen Pak has been investing in the stocks for the past 27 years. With a wealth of experience about stock investments, he started to teach stock investing and personal finance for the past 5 years. By today, he had already taught thousands of students. Brennen Pak's investing journey is not without setbacks. In fact, his stocks tanked 10 years after his start in stock investment. During 1998, his stock portfolio went into a tailspin at the peak of the asian financial crisis (AFC). He lost more than $100k as he sold stocks in a panic. What was more painful was that after he sold most of his stocks, the stock market went up 100% within a matter of 6 months and then another 75% in the year that followed. From that lesson, he learnt that picking up the essential financial skills is the mother of success to being a good investor. Knowing that Warren Buffet would not be what he is today without financial knowledge, Brennen Pak decided to use his financial skills that he learnt during his MBA to invest in stocks. Surely, major events such as dot-com bubble burst, terrorists attack on the World Trade Center in New York, the Severe Respiratory Syndrome (SARS), the global financial crisis and the euro-zone crisis, just to name a few, would have badly affected the stock markets. However, despite these crises, he turned around his battered assortment of stocks into a phenomenal stock portfolio by year 2009.