seriously!!! to be honest, the way he explained it using a real example was much simpler and interesting than any class I took. I also wasn't investing back then so I didn't really care all that much. Having money in the market definitely makes it more exciting to learn.
8 minutes in, I hear a humble men who has knowledge to share with the rest of the world. Not some entitled a**hole. Great Video, and thank you for sharing! Really appreciate it.
Daniel Pronk Awesome stuff man. You should make a video on Cash Flow statements as those are what people often either ignore or just outright don’t understand, even though they are very important.
Hello.. I am from Serbia. I graduated from the Higher School of Economics (in the West it is called the College,) Department of Finance, Banking and Accounting. I took the subject that treated this subject and listened to it in the second year of study it was called "Theory and Analysis of the Balance Sheet and Income Statement" After 4 years of work in practice, I gained the condition to pass exam for the Certificate of Accountant And I managed to pass it from the first time whereby I acquired the Title and Certificate Accountants. I can say that this lecture on analyzing items The balance is EXTRAORDINARY!
I’m a beginner investor not going into any accounting or finance degree. I’m majoring in biology and doing stocks on the side. This has been the best tutorial I’ve seen for balance sheets. Keep up the good work. Post more on income statement and cash flow.
Just a correction. A Current ratio of >3 means that the company might have too much cash and they are missing out on potential investment opportunities, you should aim between 1-2.5
Would it help better to compare it to the rest of the industry or sector even. Seeing how different type of companies should give you different type of results? Yes, no?
Exactly. There’s an opportunity cost to holding cash beyond enough to pay current liabilities. Also, if receivables are too high, that’s time value of money lost. And if there’s too much inventory, that’s also an opportunity cost of higher ROI elsewhere that the cash should’ve been deployed. Inventory for some industries are actually a lot less liquid than others.
Raimundas. Maybe you can ans. this: I own AUY, a gold mining company. The p/e is in the 30s, but the CEO always emphasizes free cash flow. If I use free cash flow instead of earnings I would get a more reasonable number, a number that is more like it’s profitable peers. What is coming out of cash flow that is decreasing the earnings and can a company adjust it’s bookkeeping to lower the p/e.
Amazing, thank you Daniel. With so many new people interested in investing these days It's really nice to have someone show the reasoning and not just "buy this stock now" or "this stock will make you rich".
Thank you Patrick, I'll vow to never make a "buy this stock now" video. My goal is to show my thinking so people can agree or disagree with my thoughts and maybe bring up some things I may have missed!
I cannot believe how AWESOME and informative this video was! I’m blown away. I never comment on videos, but this one just moved me to do so. Thank you. Dude. You rock.
As someone who is just getting started in the stock market, you're one of the best resources I've seen anywhere. Love the way you break down your videos very concisely. Subscribed!
This is by far the best video I have seen on understanding the balance sheet. Thank-you for making this video. I will look out for your other videos, esp. to understand Income statements and cash flow. More power to you Daniel!
I also love going to MorningStar for Financial Data from companies. It offers a 10-year view (also free), rather than the 5-year Yahoo Finance offers. It also allows you to export the data to an Excel Spreadsheet for further analysis!
Suggestion for when you’re comparing different time periods of each line item (around minute 13-14). This is where having this data exported into Excel is better than using a website. Instead of looking at the numerical value increases, it’s more valuable to know the relative change. So you need to calculate the year-over-year change for each year to see if that has increased or decreased. If you compare that percent change of Current Liabilities and Current Assets, you’ll see which one is growing faster than the other. If you want to keep that ratio at a certain level at all times, especially if Google in this example is growing CA faster than CL, then they should take that excess growth and throw it into investments (unless their plan is to build up a big cash position to make an acquisition).
I know I’m years later but what a fucking video. Been looking for videos n listening to podcasts but nobody has taught better than this. From the pace of ur voice to the examples . Well done
Thank you so much! I watch at least 8 videos about how to read a balance sheet, and I finished more confused than ever. They always put beginner friendly but it never really is. I am just getting into stocks with absolutely zero financial or accounting background. I do not know the basics, so some of the other videos will state terms I do not know and speak way to fast and I have to constantly stop, rewind, pause and it can be overwhelming. It is seriously frustrating and makes me question my level of intelligence often and I know I am pretty smart. So thank you for speaking clearly, at a good pace, and speaking in plain terms. I gave you a like, watched the video twice and all the ads in full in appreciation :)
hi, I have book which contains, every type of maths even how to calculate a share or read a balance sheet, I got from my tutor at Leeds university UK a while ago, I do not know if going to be able to get it but I can still send u the front cover if want....
Hi, I am Portuguese, and i want to thank you for your quality videos, excellent work! I invest in Portugal stock market and in the US. I consider my self as begginer, the first year was just to understand the "mechanics" but now is the time to prepare my portfolio and your channel helps me a lot. So keep up the good and i am looking forward to see the next video. Thanks.
I was sitting in my one of my lessons absolutely clueless! This video literally eased my anxiety level, thank you for explaining the balance sheet so well!
Watched all three of your tutorials on analysing financial statements. Managed to make a lot of notes on what to look for. Really appreciate this, as someone who is new to investing. Great video/s.
more more more . one year from now you will be changing the name of the channel to PRONK'S SCHOOL :P with much more subscribers for sure if you keep up this quality information you are giving and in the same way you are doing it. i am so new to investing in stocks with a very little budget( means high risk to wrong step) but our info is helping alot . great job man and thank you .
This is the first video of yours I’ve seen and watched. I’m hooked. You’re highly intelligent and don’t have any fluff in your vids. All solid content and humble! I’m subscribed!👍 Thank you for your channel!
This video was wonderful. There's so much information out there, and you really helped simplify and consolidate a lot of learning and refreshing in just 15 minutes.
Okay so I'm getting my MBA and I was beginning to think I was stupid but you literally explained this better than anyone I've ever seen and it totally makes sense now THANK YOU please keep doing videos. I love that you gave real world examples that helped my brain make sense of it.
Keep going! Give me one of these for the income statement and cash flow statement. Then, maybe a complete synopsis on how you use all three of these statements to valuate and pick a stock. Many thanks!
Excellent Video, looking something like (no nonsense video) for the past 12 months and finally found one. I asked my friend to take a look at this , he is doing trading for the past 10 years. Great. Can you pls do like this for Cash and Income statement as well pls..
Dude i JUST started into stocking and kinda blindly went into buying stocks based off of what media said. But i wanted to learn by myself and get more in depth..and GOOOODNNESSS you made it all so simple. Im glad you used examples cause some people would skip over the definition and i would have to google what it means. Thank you so much. I already suscribe and put my notifications on for you. Gonna keep watching your videos!🤩🤩🤩👏🏽
There should be more content like this in the investing community. Investing without being able to read an income statement and balance sheet is like living in China without speaking Chinese. I plan on uploading more videos like this.
I think you absolutely nailed this man! Soo many people don't know how to read the financial statements because they are difficult! This is going to help out alot! Thanks
Wow. I wish I would have had this video when I was in college studying for my bachelor's in accounting over 10 years ago. So easy to understand and follow along. Great video! 👍🏽
Very helpful. I looked at at least 5 different videos on how to read the financials of a company and yours is the best. Please keep doing what ever you’re doing.
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@@Marthas-r4c Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
would you mind doing a video elaborating what you said at the end? so if looking at the balance sheet is step 1 for filtering out healthy companies, what is your step 2?
@@danielpronk I think it would be beneficial to your audience to do it! I know Ive been waiting for something like that and its hard to find. It would get you some good views to boost your channel! Keep up the great work!
FYI I followed you on both Instagram and Twitter tonight with banner you added recently. WE NEED TO GET ROCK-N-ROLLING!!! I love your channel and want to spread it to all investors. You have great info new and experienced can use and value when choosing investments. I'm excited for you and see it flourish in the near future. Just to make note I really dont use these socila media but want to spread it to those that may. another informative video and glad you are really getting into these videos. You have the knowledge to share in a way anyone can understand imo. I will help spread the word best I can. Great video again!!!!
Gosh, just went straight to the point. Been looking for a RUclips video explaining balance sheet, and all others have just been boring me and speaking gibberish. Thankyou, thank you, thank you. no need to watch other videos to make up my mind if i want to sub(subbed right away), to show my appreciation i will leave your video running so the ads can play. going to watch income statement too from you. thanks again
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
nicely explained. it was fast paced enough, but not so fast that I had a hard time keeping up. I liked that you paused a bit with vital definitions and then continued to build on that knowledge. Well done!
I personally recommend trading with Brent Christopher to everyone struggling with trades or experiencing losses, Brent is your solution to better profits as he can teach you how to trade and earn successfully
@Davis Smith Mr Brent trade's on behalf of his client and also teach those beginners who are ready and serious about learn how to make consistent profit he charges 30% commission on any profit he makes on behalf any of his clients
What took me so long to find you in here 😭😭😭 you could make my accounting classes more interesting. But better late than never. Am officially your student, May you live long. Bless up.
Dude, you are one of the few people that knows the difference between SHOWING and TEACHING. This video alone has given me so much confidence in learning Fundamental Analysis.
Simple and nice explanation, Thank you. Before making any investment, i am already checking the yahoo finance, financial income statement "Net Income" has gradually increasing. That's working good for me. Along with that i will use "Balance Sheet" to find the best stock.
Daniel, THIS VIDEO IS EXCELLENT!! I am probably old enough to be your grandmother but I am a newborn when it comes to investing. LOL Your video was so so clear and I thank you for teaching me this. I used to be a banker and I balanced statements all the time for clients. You were so helpful. Hopefully, you teach other classes regarding investing. I am online looking at many videos in order to understand the stock investing lingo. I have subscribed so that I can learn more from you. Thank you again.
I just started an entrepreneurial class and I felt the need of a visual display of what I am trying grasp. This video explained it to me in "crayon." Thank you for this. Seriously.
Wow. You explain it better than everyone on RUclips. Everyone else had a title for beginners but expect the beginners to know the meaning of everything they talking about.
Relating your explanation of a balance sheet to what ppl are personally familiar with was astute....for newbies it's definitely appreciated.....thank you for posting.
@@danielpronk Link below contains health information from someone well known in the nutrition world....gives a few short personal stories I think you'll resonate with on some level.....if you're already into health...this will add to it. Relaying this info to show appreciation for your explanation of a balance sheet 👌👌www.wbai.org/archive/program/episode/download.php?file=s3.us-east-2.amazonaws.com/wbai.org.archive.audio/special-_2020-12-03_14-30_00-30.mp3&filename=special-_2020-12-03_14-30_00-30.mp3
As someone who is looking to work for an airline in the finance division, this was extremely helpful! I really needed this in depth session cause I don’t feel like I get this in college often
This is great Daniel!! Please tell us what’s next to look at if we really want to invest. Thanks a ton. (This is my first comment ever on RUclips) I really find value in your videos.
Who says you can't learn something from someone younger than yourself. I learn a ton from every video of yours' and eagerly wait for the next one to come out. Btw, where do you learn? :)
2 comments: very good content. I read a comment about you being very easy to understand for a non native English speakers, damn true. Just got subscribed.
Man I have learned more from this video than, everything I have learned from other financial combined! Didn’t learn this in the University in the four years I was there
This was incredible for me, really trying to improve my stock knowledge so I can really understand what I am putting my money into, technical analysis is great but fundamentals are also key for long term investments. thanks Daniel 😀
I watched the whole video - I found it very helpful and your style and tone are really perfect. I of course subscribed! I studied accounting and finance years ago and understand the genral theory - what i find hard is that every company reports things in a slightly different way and there are always thigs I don't understand. I checked out Pfizer while I was watching your video. i saw a huge increase in Liabilities (about 30B) and a similar increase in assets - I thought they must have bought something pretty huge - a quick Google search and I saw they paid 30B for another company in December 2023, so that adds up. What I don't understand is why the net tangible assets have gone down 43B. I understand that goodwill is not included, but surely when they bought this company, they must have bought some assets and why the loss of tangible assets is 13B higher than the value of the purchase.
Instead of taking all those accounting classes I should've just watched this lol
Lmao I just bought a book on accounting, so lets see if I feel the same after reading it
Funny! I agree.
seriously!!! to be honest, the way he explained it using a real example was much simpler and interesting than any class I took. I also wasn't investing back then so I didn't really care all that much. Having money in the market definitely makes it more exciting to learn.
@@danielpronk What's the title of it?
😅
8 minutes in, I hear a humble men who has knowledge to share with the rest of the world. Not some entitled a**hole. Great Video, and thank you for sharing! Really appreciate it.
There aren't enough quality videos explaining stuff like this for beginning investors, great video!
Thank Dukes! I plan on making more videos like this one. I'm just glad you enjoyed it!
Daniel Pronk Awesome stuff man. You should make a video on Cash Flow statements as those are what people often either ignore or just outright don’t understand, even though they are very important.
@@Gustavo-so7zk thank you!! Cash flow and income statements are on the way. Then I'll do a video on how to put all 3 together
Dude I just learnt more from this one single video than I ever did from entire time in the University. I hope you become a millionaire one day.
No gimmicks, no bullshit. Just teaching. Thank you. This is great work!
Hello..
I am from Serbia. I graduated from the Higher School of Economics (in the West it is called the College,) Department of Finance, Banking and Accounting.
I took the subject that treated this subject and listened to it in the second year of study
it was called "Theory and Analysis of the Balance Sheet and Income Statement"
After 4 years of work in practice, I gained the condition
to pass
exam for the Certificate of Accountant
And I managed to pass it from the first time
whereby I acquired the Title and Certificate
Accountants.
I can say that this lecture
on analyzing items
The balance is EXTRAORDINARY!
I’m a beginner investor not going into any accounting or finance degree. I’m majoring in biology and doing stocks on the side. This has been the best tutorial I’ve seen for balance sheets. Keep up the good work. Post more on income statement and cash flow.
The best breakdown of a balance sheet I’ve seen on here... Looking forward to see what you come up with next!
BOOM! Just what I was hoping you’d produce. Please consider making a video on income statement and cash flow
Yeah, hope that he can do the ash flow soon.
Agreed!
Yeah ! Please do a video on income statement and cash flow as well !
Great video btw !!!
Oh my goodness I’ve been in business for 12 years and this is the first time that I have fully understood my balance sheet. Thank you so much.
This is the best tutorial of a balance sheet I've watched, please show us how you go through all the financials! Liverpool UK Here 👍
Dude!!! GOD BLESS YOU BRO!!! I’m gonna watch this video like 10 times so I memorize all of that lol!!! Amazing video. Thanks for educating me!
I'm with you. He is really good.
Just a correction. A Current ratio of >3 means that the company might have too much cash and they are missing out on potential investment opportunities, you should aim between 1-2.5
very insightful comment! I never thought of that.
Would it help better to compare it to the rest of the industry or sector even. Seeing how different type of companies should give you different type of results? Yes, no?
Insightful. Thank you
Exactly. There’s an opportunity cost to holding cash beyond enough to pay current liabilities. Also, if receivables are too high, that’s time value of money lost. And if there’s too much inventory, that’s also an opportunity cost of higher ROI elsewhere that the cash should’ve been deployed. Inventory for some industries are actually a lot less liquid than others.
Raimundas. Maybe you can ans. this: I own AUY, a gold mining company. The p/e is in the 30s, but the CEO always emphasizes free cash flow. If I use free cash flow instead of earnings I would get a more reasonable number, a number that is more like it’s profitable peers. What is coming out of cash flow that is decreasing the earnings and can a company adjust it’s bookkeeping to lower the p/e.
4 years later and you get my sub from this video, very informative. thanks will watch the cash flow and income statement videos next!
Amazing, thank you Daniel. With so many new people interested in investing these days It's really nice to have someone show the reasoning and not just "buy this stock now" or "this stock will make you rich".
Thank you Patrick, I'll vow to never make a "buy this stock now" video. My goal is to show my thinking so people can agree or disagree with my thoughts and maybe bring up some things I may have missed!
I cannot believe how AWESOME and informative this video was! I’m blown away. I never comment on videos, but this one just moved me to do so. Thank you. Dude. You rock.
This was a fantastic explanation! I feel like I’ve been investing with a blindfold on and you’re helping me make sense of everything, thanks!!
As someone who is just getting started in the stock market, you're one of the best resources I've seen anywhere. Love the way you break down your videos very concisely. Subscribed!
This was an amazing introduction to the balance sheet. I wish this video was available when I was taking accounting in college. :) nice work!
This is by far the best video I have seen on understanding the balance sheet. Thank-you for making this video. I will look out for your other videos, esp. to understand Income statements and cash flow. More power to you Daniel!
I also love going to MorningStar for Financial Data from companies. It offers a 10-year view (also free), rather than the 5-year Yahoo Finance offers. It also allows you to export the data to an Excel Spreadsheet for further analysis!
Oooooo I may need to look into that! Thank you for the tip!
@@danielpronk MorningStar is the company that Questrade uses for their market intelligence/research financial data.
This video is invaluable for beginners. Thank you and keep up the good work!
Suggestion for when you’re comparing different time periods of each line item (around minute 13-14). This is where having this data exported into Excel is better than using a website. Instead of looking at the numerical value increases, it’s more valuable to know the relative change. So you need to calculate the year-over-year change for each year to see if that has increased or decreased.
If you compare that percent change of Current Liabilities and Current Assets, you’ll see which one is growing faster than the other. If you want to keep that ratio at a certain level at all times, especially if Google in this example is growing CA faster than CL, then they should take that excess growth and throw it into investments (unless their plan is to build up a big cash position to make an acquisition).
I know I’m years later but what a fucking video. Been looking for videos n listening to podcasts but nobody has taught better than this. From the pace of ur voice to the examples . Well done
Man finally someone teaches me in terms that I understand! I wish I could click the like button a thousand times!
Thank you so much! I watch at least 8 videos about how to read a balance sheet, and I finished more confused than ever. They always put beginner friendly but it never really is. I am just getting into stocks with absolutely zero financial or accounting background. I do not know the basics, so some of the other videos will state terms I do not know and speak way to fast and I have to constantly stop, rewind, pause and it can be overwhelming. It is seriously frustrating and makes me question my level of intelligence often and I know I am pretty smart. So thank you for speaking clearly, at a good pace, and speaking in plain terms. I gave you a like, watched the video twice and all the ads in full in appreciation :)
hi, I have book which contains, every type of maths even how to calculate a share or read a balance sheet, I got from my tutor at Leeds university UK a while ago, I do not know if going to be able to get it but I can still send u the front cover if want....
Yes!!! Mr. Pronk, this is the content we have been waiting for! Thank you.
Discovered this channel a while ago and the content is exceptional. Love the in-depth explanation of the topic. Keep up the good work, Daniel.
Thank you Rahul! I'm glad you're continuing to enjoy my videos :)
Thank you for this video!
It is what I was waiting for! :D
You're very welcome! Let me know if you found it helpful :)
Thanks...thanks for all this informatons.
Hi, I am Portuguese, and i want to thank you for your quality videos, excellent work!
I invest in Portugal stock market and in the US.
I consider my self as begginer, the first year was just to understand the "mechanics" but now is the time to prepare my portfolio and your channel helps me a lot.
So keep up the good and i am looking forward to see the next video.
Thanks.
I was sitting in my one of my lessons absolutely clueless! This video literally eased my anxiety level, thank you for explaining the balance sheet so well!
Watched all three of your tutorials on analysing financial statements. Managed to make a lot of notes on what to look for. Really appreciate this, as someone who is new to investing. Great video/s.
more more more . one year from now you will be changing the name of the channel to PRONK'S SCHOOL :P with much more subscribers for sure if you keep up this quality information you are giving and in the same way you are doing it. i am so new to investing in stocks with a very little budget( means high risk to wrong step) but our info is helping alot .
great job man and thank you .
This is the first video of yours I’ve seen and watched. I’m hooked. You’re highly intelligent and don’t have any fluff in your vids. All solid content and humble! I’m subscribed!👍 Thank you for your channel!
This video was wonderful. There's so much information out there, and you really helped simplify and consolidate a lot of learning and refreshing in just 15 minutes.
Thank you Jason, I really appreciate that!
ruclips.net/video/iHHkopHq2Ys/видео.html
Thank you for this. You broke this down in a way that was simple and easy to understand you are appreciated.
Great video, I have been reviewing and reading balance sheets for a long time, this review was excellent. Keep up the great content.
This guy is a god at explaining financial statements. I can’t wait to watch the cash flow statement. You are a gem, brother!
This is good. More like these, please!
I’m glad someone is talking about the importance of balance sheet. Great video!
Absolutely perfect! Sharing to everyone!
This has helped a lot. Now my accounting module will make more sense. Thank you.
Yooooo Thank You for this been looking up this earlier today.. and here you are posting today.. SICK...MIAMI, FL
Niiiiiiiice i'm glad to be of assistance !
Okay so I'm getting my MBA and I was beginning to think I was stupid but you literally explained this better than anyone I've ever seen and it totally makes sense now THANK YOU please keep doing videos. I love that you gave real world examples that helped my brain make sense of it.
Keep going! Give me one of these for the income statement and cash flow statement. Then, maybe a complete synopsis on how you use all three of these statements to valuate and pick a stock. Many thanks!
That is LITERALLY my exact plan hahaha. It's coming don't worry :)
One of the best videos out there on balance sheets, first time here and definitely will be around more often
Excellent Video, looking something like (no nonsense video) for the past 12 months and finally found one. I asked my friend to take a look at this , he is doing trading for the past 10 years. Great.
Can you pls do like this for Cash and Income statement as well pls..
Dude i JUST started into stocking and kinda blindly went into buying stocks based off of what media said. But i wanted to learn by myself and get more in depth..and GOOOODNNESSS you made it all so simple. Im glad you used examples cause some people would skip over the definition and i would have to google what it means. Thank you so much. I already suscribe and put my notifications on for you. Gonna keep watching your videos!🤩🤩🤩👏🏽
There should be more content like this in the investing community. Investing without being able to read an income statement and balance sheet is like living in China without speaking Chinese. I plan on uploading more videos like this.
I agree. I plan on doing more content like this as well
Great vid, man!
I think you absolutely nailed this man! Soo many people don't know how to read the financial statements because they are difficult! This is going to help out alot! Thanks
You're very welcome! I'm glad you enjoyed the video and i'll be doing more like this soon!
Wow. I wish I would have had this video when I was in college studying for my bachelor's in accounting over 10 years ago. So easy to understand and follow along. Great video! 👍🏽
Very helpful. I looked at at least 5 different videos on how to read the financials of a company and yours is the best. Please keep doing what ever you’re doing.
Your voice is so good that I can't concentrate on this lesson lol Thanks a lot for this informative and valuable video.
I watched a lot of videos on this. I was so lost. You saved me. Thank you so so much!
I find myself at a crossroads, uncertain whether to liquidate my $150,000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@@Marthas-r4c I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
@@Marthas-r4c Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
That was awesome. Tried to figure this out yesterday with another video and it left me clueless. You made it easy. Thank you.
would you mind doing a video elaborating what you said at the end? so if looking at the balance sheet is step 1 for filtering out healthy companies, what is your step 2?
Yes I can, the whole process takes hours though. So going through the steps is going to be a task lol XD
@@danielpronk I think it would be beneficial to your audience to do it! I know Ive been waiting for something like that and its hard to find. It would get you some good views to boost your channel! Keep up the great work!
good question
FYI I followed you on both Instagram and Twitter tonight with banner you added recently. WE NEED TO GET ROCK-N-ROLLING!!! I love your channel and want to spread it to all investors. You have great info new and experienced can use and value when choosing investments. I'm excited for you and see it flourish in the near future. Just to make note I really dont use these socila media but want to spread it to those that may. another informative video and glad you are really getting into these videos. You have the knowledge to share in a way anyone can understand imo. I will help spread the word best I can. Great video again!!!!
This is exactly what we need man! Remember Dude, you're exploding! ;)
Quality content, awesome job brother!
Yup paying for college is overrated. I can just pay for a monthly internet connection and now am able to learn everything there ever is worth knowing.
Gosh, just went straight to the point. Been looking for a RUclips video explaining balance sheet, and all others have just been boring me and speaking gibberish. Thankyou, thank you, thank you. no need to watch other videos to make up my mind if i want to sub(subbed right away), to show my appreciation i will leave your video running so the ads can play. going to watch income statement too from you. thanks again
Why do I keep getting this stock ad where the guy says my mom literally thought I was selling drugs
🤣🤣🤣🤣🤣
Absolutely amazing I watched so many videos that didn’t understand it or go into depth as well enough as you did thank you so much Daniel!
I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN...I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED... CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
Wow I'm just shock you mentioned and recommended Expert Mrs Karen Charles,I thought I'm the only trading with her
@@surenazorian7595 You don't need to be shock because I'm also a huge beneficiary of expert Mrs Karen
Here in Canada Expert Mrs Karen Charles carries out the both orientation and mentorship
potentials
I stumbled upon one of her clients testimonies and decided to try her out...I'm Expecting my third cashout in 2days
nicely explained. it was fast paced enough, but not so fast that I had a hard time keeping up. I liked that you paused a bit with vital definitions and then continued to build on that knowledge. Well done!
I personally recommend trading with Brent Christopher to everyone struggling with trades or experiencing losses, Brent is your solution to better profits as he can teach you how to trade and earn successfully
@Li Ging he'd be glad to help
[ brentchristopher352 {A} gmail. com]
Mr Brent Christopher is the most amazing trader I've come across and I am glad he handles my trading on my behalf generating good profits
@Davis Smith Mr Brent trade's on behalf of his client and also teach those beginners who are ready and serious about learn how to make consistent profit he charges 30% commission on any profit he makes on behalf any of his clients
I subscribed your channel when there were less than 30k subscribers. This is the first time I learned about the balance sheet. Thanks a lot!
What took me so long to find you in here 😭😭😭 you could make my accounting classes more interesting. But better late than never. Am officially your student, May you live long. Bless up.
Wow genuine youtuber like you are rare these days. Glad i stumbled on this gem. Keep uploading mate !
Liked & Subbed :D
Dude, you are one of the few people that knows the difference between SHOWING and TEACHING. This video alone has given me so much confidence in learning Fundamental Analysis.
ruclips.net/video/iHHkopHq2Ys/видео.html
Your teaching skills are through the roof bro! Thank you! You tube is the best tool ever made and that is because of people like you!!!
Thank you for this video, I had forgotten all of this and now refresh my mind.
Simple and nice explanation, Thank you. Before making any investment, i am already checking the yahoo finance, financial income statement "Net Income" has gradually increasing. That's working good for me. Along with that i will use "Balance Sheet" to find the best stock.
Every time I come to your video, I always find something new to learn 👍🏼👍🏼
Daniel, THIS VIDEO IS EXCELLENT!! I am probably old enough to be your grandmother but I am a newborn when it comes to investing. LOL Your video was so so clear and I thank you for teaching me this. I used to be a banker and I balanced statements all the time for clients. You were so helpful. Hopefully, you teach other classes regarding investing. I am online looking at many videos in order to understand the stock investing lingo. I have subscribed so that I can learn more from you. Thank you again.
Thank you for these videos. They're straight forward and easy to understand. You have saved me so much time!
I just started an entrepreneurial class and I felt the need of a visual display of what I am trying grasp. This video explained it to me in "crayon." Thank you for this. Seriously.
Wow. You explain it better than everyone on RUclips. Everyone else had a title for beginners but expect the beginners to know the meaning of everything they talking about.
This video is very easy to understand. Hope all your other contents are like this. You've just gained a new subscriber😉
Relating your explanation of a balance sheet to what ppl are personally familiar with was astute....for newbies it's definitely appreciated.....thank you for posting.
Thank you Kirk :) I am glad you enjoyed it
@@danielpronk
Link below contains health information from someone well known in the nutrition world....gives a few short personal stories I think you'll resonate with on some level.....if you're already into health...this will add to it.
Relaying this info to show appreciation for your explanation of a balance sheet 👌👌www.wbai.org/archive/program/episode/download.php?file=s3.us-east-2.amazonaws.com/wbai.org.archive.audio/special-_2020-12-03_14-30_00-30.mp3&filename=special-_2020-12-03_14-30_00-30.mp3
Daniel thanks so much for this video. It's my first time watching you. My classes starts on Monday and I will have Business finance. Thank you so much
Subscribed!! I am taking intermediate accounting and you are basically my teacher this semester.
your videos are awesome man, the best part of your videos you go straight to the important staff no Bullshit of selling yourself. keep it up!
As someone who is looking to work for an airline in the finance division, this was extremely helpful! I really needed this in depth session cause I don’t feel like I get this in college often
This is great Daniel!! Please tell us what’s next to look at if we really want to invest. Thanks a ton. (This is my first comment ever on RUclips) I really find value in your videos.
Who says you can't learn something from someone younger than yourself. I learn a ton from every video of yours' and eagerly wait for the next one to come out. Btw, where do you learn? :)
2 comments: very good content. I read a comment about you being very easy to understand for a non native English speakers, damn true. Just got subscribed.
Thank you! I really appreciate it and I hope I make your subscription worth your time!
Man I have learned more from this video than, everything I have learned from other financial combined! Didn’t learn this in the University in the four years I was there
This was incredible for me, really trying to improve my stock knowledge so I can really understand what I am putting my money into, technical analysis is great but fundamentals are also key for long term investments. thanks Daniel 😀
Much needed thank you so much! Just got my stimulus and I using it in the market
Best balance sheet explanation in existence. Thank you.
Wow thank you! I didn't even notice that the video si about to end. This video is very informative and helpful.
I watched the whole video - I found it very helpful and your style and tone are really perfect. I of course subscribed! I studied accounting and finance years ago and understand the genral theory - what i find hard is that every company reports things in a slightly different way and there are always thigs I don't understand. I checked out Pfizer while I was watching your video. i saw a huge increase in Liabilities (about 30B) and a similar increase in assets - I thought they must have bought something pretty huge - a quick Google search and I saw they paid 30B for another company in December 2023, so that adds up. What I don't understand is why the net tangible assets have gone down 43B. I understand that goodwill is not included, but surely when they bought this company, they must have bought some assets and why the loss of tangible assets is 13B higher than the value of the purchase.
Thank you so much bro !! Just got a new job and needed a refresher on a few things. This was really helpful !!
thank you very much, struggled finding a good and simple video like this, and now i can aventually read a balance sheet!
This was sooooooo helpful. I'm a visual learner and I really appreciate you making this video.
This is fantastic! Thank you for doing this! It's amazing how one individual can relay this information so fluidly, where as most individuals can't.
I appreciate a longer take that's concise. You get a like from me.