Is Simply Wall St any good?
Welcome to my unbiased Simply Wall Street Review. I’m a visual learner and prefer pretty pictures and colours in order for me to absorb information. For instance, instead of text-heavy articles, Simply Wall St makes Wall St information data easy to understand.
I came across Simply Wall St in 2017 and trialled it using my personal portfolio. The information was easy to follow and provided detailed examples and explanations of the data, as a result, I was able to make informed decisions about my portfolio.
It’s a great platform for tracking stocks and visualising stock data. The simplicity of the information available attracted me to the site. The way it presents the data allows anyone to understand it at the basic level to provide more in-depth data to those analytical people. It gave precise and accurate information and presents data in an interesting and easy to follow way. Simply Wall St gives recommendations based on your current portfolio. The Simply Wall St review helps you find that perfect stock. If you’re looking for undervalued companies/companies with high growth potential/diversity in your portfolio, it has suggestions for everything. I find Simply Wall St reliable and to the point.
The tool can help you make non-emotional long term investment decisions based on the fundamentals of investing and remove the guesswork.
Bad reviews on Simply Wall St
You’ll notice (well I certainly have) that there are two key elements missing from Simply Wall St. The first is that whilst they provide lots of analyst reviews and stock metrics, you don’t actually know if the analysts are recommending a buy, sell or hold the particular stock. I do find this a little frustrating that it doesn’t offer this advice but I do understand that they are offering you all the information and let you make a decision based on that.
The other is that there is no cash holding option. So when you take profit of a particular stock, that profit is not taken into consideration when looking at your portfolio profit. You only see the profit of trades that are open.
In saying that, there is an ideas lab where you can vote and submit new ideas to Simply Wall St so they can continue to make their product better. Both of the points above are within the ideas lab, which is fantastic to see.
Why I use it?
- Easy to navigate.
- The cost is lower when compared to other stock analysis sites.
- Visually appealing.
- Depth of information.
One of the more intuitive things is the snowflake design. This gives the user a quick visual representation of the stock. It looks at the Health, Value, Dividends, Past and History of any stock and displays a colour coded value. This is a great and quick visual so you don’t have to dive deep into the data to understand how the stock is performing.
You can check out my portfolio, where I show how Simply Wall St has helped me decide where to invest my money.
How can I get it?
Head over to https://simplywall.st/ and I would sign up for a trial account to see if it is suitable for your needs. You will be satisfied with the level of detail it provides. It is a great tool in anyone’s investment arsenal.
How much does simply wall st cost?
There are three plans that you can choose from
- Learner
- Investor
- Professional
More traders would fall into the Learner or Investor category – if you’re a very serious trader and have a significant portfolio or manage several portfolios, then the Professional plan might be for you.
Below are the Simply Wall Street subscriptions costs. Every now and then they offer discounted rates so keep an eye out if you are after one.
I hope you’ve enjoyed my Simply Wall St Review. As I use this product more and more, I’ll update my review.
Disclaimer – This is not a paid endorsement by Simply Wall St – I just use their product and really enjoy it!
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Hello.This post was really interesting, particularly because I was investigating for thoughts on this matter last week.
I have been trading for several years and came upon Simplywallst back in June 2020. I tried it for a few days and signed up. The information provided on their site and the ability to create your own portfolios is awesome. I was flying blind before I found this site now I’m trading confidently, often making a $1000+ profit on a $4000 or less share within a week or two. The good shares I keep in my watchlist portfolio and wait for the price to dip. I then buy them all back, wait for the price to go back up and sell for another nice profit. It can often just be a case of rinse and repeat. It really is a no-brainer. Other shares I buy on their advice may dip a bit but I hold them knowing its a good stock. Within a few days or weeks a -$800 loss often goes to a $1200 profit due to the underlying fundamentals. I wouldnt trade without them. AI rocks!
Fantastic to hear! It’s an undervalued asset to any trader 😃