Now, I dunno yet how much AI is even related to this, but Fiscal.ai is basically an investment research platform that gives you access to basically anything you could possibly imagine, as far as I can tell. I suggest just looking briefly at these screenshots to get an idea then read the main point below.
It's overwhelming and I just can't fathom how to begin using this stuff to my advantage. I mean just look at this stuff. Let's say you're interested in investing in Johnson & Johnson. You heard it's a steady play. So I go to that stock and look around:
Ok, straight forward. You got a summary, the basic charts, carious statistics. Below that you have a summary of what bulls and bears say followed by recent related news:
Then you can switch tab and get a bit more serious.
Income statements, cash flow statements, balance sheets... all the details of everything going back 15-20 years in all possible details. Not enough? Why not select a few to cross-compare in bar charts, line charts or combinations of the lot!
As far as I can tell, these things can stack indefinitely:
If that's enough, you can listen to, and read the transcript of, their... meetings or conferences. This one is 40 minutes long. Too long? No worries, you can simply get an AI summary on the right panel.
If you just haven't quite got enough context to make an informed decision, you can then move onto a 21-page PDF report - with AI summary - and read through the immense jargon there, too:
Naturally, AI can also generate its own report, but these pages go on and on and on. Every detail you can imagine from staff members to future predictions and news cycles.
So let's move away from J&J and see what other people are doing. How about Warren Buffett, or Bill Gates? You can see everything they're up to, pretty much, along with hundreds of other 'super investors':
One handy thing I've learnt here is that Warren Buffett has been gradually reducing his share of Apple stocks in recent years from almost half his portfolio, down to about a 6th today.
There's about 500 pages and details I'm missing but I'll finish off with a cool page you can cross-compare your own custom charts. Here's Nvidia and AMD, but if you look closely at the bottom you'll also see Apple and Google, all in terms of Market Cap but they say there's 2,000 metrics to choose from:
What's even the point in it all?
In the last 12 months, I saw my portfolio grow 37%. How much was I involved? Almost none.
In my app, there's the option to 'Copy Trade', and I selected two rather successful professional guys, all with their history open to the public, their qualifications and track record. Their last 5-10 years was all in the green so I put my money into them, and they basically did what they do best and made profit. Me, alongside 20-30,000 others, all benefitted vastly without doing a single damn thing.
Then I look at Bill Gates at 8.7%. Admirable man, not too shabby.
If I think I can outperform that on my own two feet by reading a ton of charts and revenue excel sheets and annual reports and AI analyses... I'm deluded. But I'm certain this is exactly what those guys do to get the reliable returns they do in the first place.
I want to understand but I just have no incentive to really do so when doing nothing definitely yields better results.
I sound like I'm justifying welfare XD
I dunno. If anyone has insight as to where tf do I even begin, I'm willing to dig in until I get lost.