Supercharge Your Equity Research with FinChat

Supercharge Your Equity Research with FinChat

Table of Contents:

  1. Introduction
  2. What is Finn Chat?
  3. Getting Started on Finn Chat
  4. How to Use Finn Chat Effectively
    • Tip 1: Be Specific
    • Tip 2: Review the Coverage List
    • Tip 3: Utilize the Source Material
  5. Sample Finn Chat Prompts
    • Prompt 1: Comparing AWS and Google Cloud Platform
    • Prompt 2: Warren Buffet's Portfolio
    • Prompt 3: Home Depot Locations
    • Prompt 4: Tesla Data
  6. Advantages of Using Finn Chat
  7. Disadvantages of Using Finn Chat
  8. Conclusion
  9. FAQs

What is Finn Chat and How Can it Help with Equity Research?

Finn Chat is a chatbot powered by GPT technology that is built specifically for financial purposes. Finn Chat is an incredibly powerful tool for equity research, as it allows users to access granular data filings and transcripts for financial statements. This article delves into what Finn Chat is, and how to best utilize its capabilities.

Getting Started on Finn Chat

To get started with Finn Chat, users need to visit the finchat.io Website and sign up. Once completed, users can start a new chat for free. On a paid plan, a user can do up to 50 prompts per day for 20 dollars a month. Upon logging in, users will see an updated list of all the companies that they can currently ask about.

How to Use Finn Chat Effectively

Tip 1: Be Specific

The more specific You can be with the AI, the better and more accurate results you will get. User prompts should include as many details as possible to get the most precise data.

Tip 2: Review the Coverage List

Finn Chat provides a list of companies that it can provide data on in real-time. Users should review this list to know which companies are available at any given time before making a prompt.

Tip 3: Utilize the Source Material

Finn Chat provides users with transcripts and filings as they come available. This material should be carefully reviewed as it provides users with Context for the data that is being presented.

Sample Finn Chat Prompts

Prompt 1: Comparing AWS and Google Cloud Platform

A prompt asking Finn Chat to compare Amazon's AWS to Google's cloud platform provides a statistically significant answer. The assessment compares revenue, operating income and growth rates using both quarterly and annual earnings data.

Prompt 2: Warren Buffet's Portfolio

A prompt looking to find out what companies Warren Buffet owns in his portfolio will provide a list of the top holdings in Berkshire Hathaway. The information provided is sourced from filings made by the firm.

Prompt 3: Home Depot Locations

A prompt asking how many Home Depot locations there are in the US will provide the most recent data available.

Prompt 4: Tesla Data

A prompt asking for Tesla data offers a summary of the number of cars sold, revenue figures, and a list of quotes that Elon Musk has said on the subject.

Advantages of Using Finn Chat

Finn Chat allows users to access granular financial data in real-time, which can significantly expedite research efforts. The chatbot can also synthesize data and present it in tables and charts for easy digestibility.

Disadvantages of Using Finn Chat

While Finn Chat is an effective tool, it does have some limitations. The AI is not foolproof and can occasionally produce inaccurate results. Moreover, data that is provided is sourced from publicly available filings. This means that the tool cannot help users with insider knowledge on a company or market.

Conclusion

Finn Chat is a powerful chatbot tool that is extensively useful for equity research. It is highly recommended for all investors who require quick and efficient access to financial data.

FAQs

  1. What is the cost of using Finn Chat? Answer: Finn Chat is free to sign up, and users can do ten prompts per day. The paid version provides users with up to 50 prompts per day for 20 dollars a month.

  2. How granular is the data that Finn Chat provides? Answer: Finn Chat provides users with access to granular financial data filings and transcripts sourced from publicly available documents.

  3. Is Finn Chat foolproof? Answer: No, Finn Chat is not foolproof and can occasionally produce inaccurate or misleading information.

  4. Can Finn Chat be used for insider knowledge? Answer: No, Finn Chat is designed to provide publicly available data only. The tool cannot help users with insider knowledge on a company or market.

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