Thoughts on financial statements site

REDDIT.COMMar 19, 10:13 PM UTC

Key insights

  • A developer is creating a financial statement website with DCF forecasts, metrics, charts, news, insider trading reports, and technical analysis. The site's viability hinges on covering API costs, potentially through ads. While potentially useful for individual investors, the impact on the broader US equity market is negligible unless it gains widespread adoption and influences trading decisions.
Thoughts on financial statements site

Hi everybody,

Been part of this community since I was 14 and I’m sure like most of you, quickfs shutting down was a big disappointment for me as it’s a site I’ve been utilising for the last 6 years. I’m currently working on building a site that would sort of act somewhat as a replacement for me anyway but if it was useful to all of you that would please me a lot!

I have a lot of the interface worked on, the idea is to have 5 years worth of financial statements, several possible dcf forecasts, metrics and a variety of charts, news on the company, insider trading reports, technicals, dividend profiles and a few other aspects. You’d just need to input the ticker and it will sort this data.

What I do want to clarify tho is the costs of the api keys necessary to run the site are something I will struggle to bear and a lot of this is funded purely from my part time job. I don’t want to charge membership fees but even say a 30 second ad to grant access to the site for 2 hours just to keep me from dying financially😂

If this is something you’d be interested in I’d love to hear thoughts on what you’d like to see! Any ideas surrounding how I should breakeven are appreciated but wholeheartedly just if this is something you guys would like to see. If it has interest, and it does well I’d do my best to expand it further, maybe implement options chains and some other data.

Let me know your thoughts and have a nice day ppl🫡🫡

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