What is your experience with Yahoo Finance?

zackmysfit's picture
Rank: Chimp | 9

I am looking for an above intermediate level investor who has good experience with investing sites like Yahoo Finance, Google Finance, MarketWatch, etc. for suggestions on what platform to use.

I recently saved up some spare money and wanted to invest in something (stocks, mutual funds, ETF's).

I have been investing in the stock market for about a year only relying on my brokerage platform, and recently came across Yahoo Finance, which has a portfolio.

I am looking for someone more expert than me as I would like to know what are some of the pros and cons of Yahoo Finance Portfolio. And/or if there is any other platform that gives similar services for someone at my level.

Would love to hear your experience with these services!

Thank you so much!!

Comments (17)

Jul 7, 2017

Yahoo Finance Portfolio is really nothing more than a watchlist from what I understand. I use Yahoo Finance every once in a while, along with Google Finance when I am at home, but I don't use ALL of the features. If you rely on your brokerage platform, why are you wanting to use Yahoo Finance? I would assume that no matter how shitty your broker platform is, it should still be better than Yahoo Finance. Who are you using currently?

Jul 7, 2017

The reason why I want to switch is that a watchlist gives you much more information (both from news, and technical/fundamental analysis) than my brokerage platform (RobinHood).

And I am struggling which one to pick. I heard that recently Yahoo Finance had an upgrade and lost some features. It is still good? What are some of the pros and cons of it?

Jul 7, 2017

The Yahoo Portfolio feature is the best one for what you are wanting to accomplish. The only con really is that you input the cost basis manually, but it should not be that big a deal since RH tells you what your average price per share is anyway. All you have to do is literally transpose that information into Yahoo Portfolio so that you get a nice snapshot of your holdings with the up to date cost basis.
RH sucks dick about being more robust, but can't beat the commissions (obviously). I know what you are trying to accomplish and it makes sense.

Jul 7, 2017

All I use it for is the charts (which aren't great btw) to look up random tickers I either read about or see on TV.

Jul 7, 2017

Honestly, I like tradingview a lot. Descent charting, but you have to pay for intraday - which I do not need. They have their own coding language and it was pretty easy to figure out how to build simple trading strategies for backtesting - basically copy an existing one and save it. Alter any indicators you may want to use.
Yahoo finance is not bad, but it has changed since I used to use it. It is really straightforward for pulling in price data manually when it comes to looking at the stats behind your portfolio. Also, look at finviz if you want to do any screening by fundamentals and certain technicals.

    • 1
Jul 7, 2017

Open a paper trading account on TD Ameritrade and you should get free access to Thinkorswim. There are codes for a full year floating around if you get a referral.

Jul 7, 2017

Why don't you just calculate them yourself. Don't be so lazy.

Jul 7, 2017

You know that those numbers for LT Debt to Equity are %, right? So Big 5 is trading at 35% LT/Debt to Equity, not 35x.

As for how companies like CAB can be trade at such high LT Debt/Equity ratios: CAB has a financing arm. You will want to exclude that from comps. It is similar to the (former) relationship between GMAC and GM. You will also see higher Debt/Equity ratios for retailers that owns their own stores.

And finally: never rely on Yahoo/CapIQ/Factset/whatever for something important. A fair portion of my day is spent copying data out of 10Q's and other filings just because they are so unreliable. Use them for current prices, market data, etc. but never financial items.

Jul 7, 2017
Jul 7, 2017

No derivstrading, it shows the trading volumes from 2002 to 2011. But I also want to see the trading volumes before 2002. When I change the years, for example, 1984 to 1986 it shows all the prices but the trading volumes are set at zero, so I can't see the volumes traded per day before a certain time frame. This is the same for FTSE, Hang Seng, DAX, and all other large indices. I can only see all the trading volumes every occured from the American indices, S&P, Nasdaq, and DJI.

So is there a piece of software or an internet site that can display the the trading volumes from the establishment of the indice till 2011?

Jul 7, 2017

Is there nobody who can answer this question for me? It is rather important for my upcoming research. So please I'm begging ;-)

Jul 7, 2017

http://www.globalfinancialdata.com/
Simple google search.

Easiest thing to do is to see if any of your friends have bloomberg access at their unis and ask them to get the data for you.

Jul 7, 2017

I'll have to second the Bloomberg Terminal comment. You're sure to find something there.

Jul 7, 2017
Comment