How I Research Stocks - Step-by-Step Fundamental Analysis

00:00 - Introduction
02:02 - Screening for ideas
03:09 - Understanding the business
05:51 - Understanding the finances
09:50 - Understanding the strategy
13:00 - Stock Valuation
15:44 - Review and finalize notes
17:11 - Conclusion

Resources (no current affiliation):
- Free Data Terminals (some with watchlists/screeners)

DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice - Richard is not responsible for investment actions taken by viewers. Please seek out a registered advisor if you require assistance (while Richard is a registered portfolio manager at WDS Investment Management, he does not provide advice through The Plain Bagel, which is not affiliated with his employer).

[RomanNumural]

I'm legitimately impressed you summarized all that in 20 minutes

[lolechi]

This video made me realize just how outrageous those investment TikToks and internet gurus really are when they talk about investment being easy. It really is a highly-technical job with years of experience required and not something you can do by finding silly "patterns" on a graph in your bedroom. Thank you Bagel, for opening my eyes.

[matth]

Holy shit, FINALLY a video that explains what Analysts/portfolio managers ACTUALLY DO.

[aaronfirtz]

Exciting times for semiconductor stocks TSMC, AMD and NVDA. which are all experiencing a surge in value. It's interesting to watch the competition develop, given these stocks are major contributors to Al chip growth. On the increase of my personal holdings, I've witnessed amazing impact on my shares.

[TheMightyKawama]

You demonstrate just how much work goes into your job beneath the veil, the fact you can do this and run a youtube channel is a testament to your work ethic - thank you Richard

[leviathan]

This is why I love this channel. An actual professional showing how actual research is done. So many people these days say they “researched” something when they really just mean they read what other people said about it on Twitter 😂

[potatoskunk]

It would be interesting to do a walk-through of this process on a particular stock, just to show how it actually works in practice.

[odomobo]

Not only is this video informative, it helps put into perspective that my day job isn't really that boring after all

[DomDomChekwa]

This is a really good concise guide on how to do fundamental analysis.

When people say “do your own research”, they never say how to do it. Kudos to you for changing that!

[connor]

really great info. I think it's also worth pointing out specifically that the important thing is understanding how to evaluate a stock and not just blindly following a method you find online. Too many people just try to copy what they think successful people do without having any idea of what any of it means and seeing it just as abstract numbers. I know you talk about this a lot in other videos.

[jhoncadalin]

Wow, I really needed this content, I am currently studying Financial Management and I want to work in the field of investment management soon. I have searched and watched a lot of videos to know what the work process is like in this field and all they told are just some broad terms which is hard to understand clearly. I am lucky that I subscribed to this channel and I am now confident in my career knowing what it will be like in the workplace.

[muks]

I hope this is a continuing series, would love to see more of such videos

[knowthenewz]

Now that I know for sure how to do analysis real good, I feel even more confident in putting all my money into NVIDIA. Thanks.

[giovonnicolantonio]

Literally the best YouTube channel I’ve ever watched, should have 1 billion subscribers

[Lordblow]

Cool to see you touch on a bunch of stuff I had during finance classes at uni for valuing a company

[BBruh]

Now make it a series doing a deeper dive into each step!

[antman]

What I appreciate about the bagel:
-He didn’t fall into the honeypots of sponsorships alike FTX or the Scottish lords thing.

When the bagel stays plain without sugarcoat, that is credibility.

[methos-eynf]

Really impressive summary - went in my permanent save watch-list for all the useful information. IMHO though, I think this level of analysis can present the risk of analysis paralysis for the somebody interested in picking stocks. It's often been said by the like of Buffet and Lynch that temperament plays a hugely important role - can do all the analysis in the world but if somebody doesn't have the nerve they'll end up selling the moment there's a slight downturn. In my own experience I've found learning and expanding my understanding makes it much easier to not worry. Perfect example was last year and the tech sell-off. I understood why a profitless Uber would be losing market share but Microsoft made no sense at all. Sure interest rates were climbing and again companies operating off debt will be in trouble but Microsoft sits on more loot than Smaug and has a credit rating better than the US Government. So I wasn't worried in the slightest over the tech stock price slide, I knew much of my portfolio would be coming back.

[Zadeska]

Thank you so much for making this! These type of videos are great.

[nicholasdean]

Totally agree. Bloom Berg excel plug in has saved me so much time. All I have to do is input the ticker and all of the data I am interested in is organized instantly. (Instead of spending 10 minutes inputting different commands into bloomberg)