- Joined
- 11 January 2014
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- 3
Warren Buffett says that your seventh best idea will not make you wealthy.
So how do you get six good companies?
I would suggest you get a "filter" of sorts to limit the number of companies you look at.
Adding a "filter" is up to whoever wants to use this spread sheet. The problem was getting and updating all the data in one spread sheet.
I feel misunderstood.
I have played around with a few "IF" statements that attempt to filter stocks, they were mainly based around penny shares that were at the bottom of the 52 week run and with decent book value and market cap.
But to be honest I need to to a lot more reading
Now I feel better.
My mentor had 43 share companies in his portfolio.
I told him to cull them to be more manageable!
He cut it down to 35.
Now 35 was a magic number of companies he could place on a single watch list.
It still had many gold mining juniors. (what I would call duplicates)
He was forever reading, but that was what he chose to do!!
I have six (6) companies.
You may have as many or as few as you wish, just offering my opinion.
6...?, what about 7, lucky 7
how often would these 6 change ?
Whether it makes sense or not to look at 2150 stocks is a moot point, to be decided by every individual for himself.
I do use a "full ASX" watchlist for my MA7 Analyser scans. Whether a particular result suits my purpose at the time is something I can decide there and then when it happens.
If you have already gone through 1001 sites, here is the 1002nd, straight from the Horse's Mouth - or the ASX, for that matter: http://www.asx.com.au/asx/research/listedCompanies.do
It does have a URL link near the top that says "download the complete list (csv)".
This was the 1st web site I visited. I used the above link to get the 2150 ASX company
codes. The ASX website has a end of day csv available to download but it only contains that days
price data ie high, low. The critical data like 52 high/ low , book , pe , yield , market cap are not available from
the ASX.
OK, I got it: You also want the current end-of-day data plus the entire box'n'dice in a single complete watchlist.
Sorry, but I'm sure you won't find that anywhere for free. It requires quite an effort to collect and update; many data providers do, some better than others; but all I know have it as part of their software package inside something like a watchlist feature, and they will all charge you for it.
You can visit D2MX or Paritech and request a free trial of their software. I use both, Market Analyser and Pulse, and I know they provide more than what you're after.
Whether it makes sense or not to look at 2150 stocks is a moot point, ...
Sorry! It did make sense to me at time of writing.
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