Reliability of free data
Been doing a lot of stock modeling lately and am just wondering the value of the data that I am using. I typically take my data from yahoo finance and seeking alpha but there is no way for me to test to see if it’s reliable. Obviously can’t afford a Bloomberg terminal or anything like that so I was wondering what the consensus on free/ cheap data was
How do you get to the point where ur paying like 24k a year for a Bloomberg terminal?
You'd be surprised how many public or college libraries offer Bloomberg terminals free of charge.
Also, as someone above said, Bbg data is far from bulletproof. For corporate financials, always best to refer to company filings.
Do you think the fundamental data provided by free services is reliability and is what is stated in the 10k and 10q. As I am analyzing many stocks per day, I don’t really have time to look through that many company filings. It is much faster to pull the data from somewhere such as yahoo finance.
10ks/10qs are the best source obvs..., or are you talking about forward EPS estimates/etc.? Usually it is "bloomberg" or "factset" cons. which just combines all sell side coverage estimates. What data are you talking about
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