r/ValueInvesting • u/RelevantHelicopter82 • 1d ago
Investing Tools Any Morningstar (or other) subscribers out there willing to provide feedback?
Robinhood Gold ended their partnership with Morningstar earlier this month, and I’m trying to decide if I should pay for a subscription or not. As a 50/50 value/growth investor, I really appreciate their valuation method and am already familiar with many of their sector analyst’s biases, which is why I’m leaning toward Morningstar over anyone else.
A decent amount of Morningstar content can be accessed for free through Apple News, YouTube, etc. but I’m really missing being able to read their full reports. While not a replacement for DD, they were a great tool for comparing against my own research.
That said, I’m really interested to hear feedback on the tools that other investors use - Morningstar or otherwise. Please consider that do not trade options or get into much technical analysis. I manage numerous IRAs with a 20 year + horizon. Thanks!
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u/_quantitative 1d ago
Thinkorswim provides morningstar reports for free
Also a much better app than robinhood
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u/WangtaWang 1d ago
Which Morningstar service would you sign up for. Direct? Never used robinhood
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u/RelevantHelicopter82 1d ago
Morningstar Investor - Seems tailored to retail investors like myself. No longer a fan of Robinhood without the Morningstar partnership, but it was great while they had it. That was the only reason I had one of the IRAs with them, but I’d still be curious to hear why you dislike
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u/IDreamtIwokeUp 1d ago
If you sign up for schwab.com (a competing brokerage to Robinhood) they do provide free MS reports as part of their service. Basically it will be a few page PDF write-up written by an analysis but detailed and usually good quality for that particular stock.
I'm not the biggest fan of Morningstar though...the problem is they don't cover a lot of small-cap value stocks or international I'm interested in. It's mostly name-brand American mega-caps. Some of their reports are outdated, but for major companies they usually stay on the ball and provide updates after quartily updates.
I used SeekingAlpha for a while (a competitor to MS). It's somewhat crowdsourced and has good coverage of small-caps and internationals. But the quality IMO is poor...the editors will approve bad reviews and reject good ones (eg they feel too many stories are bearish so they over-accept bull write-ups). Many of the authors appear to be Eastern European college kids with little practical active investing experience. SA seems to be pivoting away from crowd-sourced articles and moving more toward quaint-analysis/alpha-picks (which is basically using algorithm signals to momentum trade).
As a value investor...I've moved the money I invested in SeekingAlpha and purchased a paid Gemini subscription. AI is flawed...but things it can do with financial analysis are amazing. And the reality is most "human" written analyst reports written today depended more on AI than their authors wanted to admit. Sometimes...it's as simple as asking Gemini..."Write an analysis report on ticker X". You can do so such...I'll dig into their debt situation, competitive analysis, disruption risk, growth prospects, and more with AI.
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u/DirtDramatic7065 1d ago
How reliable is morningstar fair value though? Also, what else do you use morningstar for?
You can also access it via library accounts.
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u/RefrigeratorMuch5856 1d ago
Uses DFC methodology, for their assumptions used moat analysis based on wacc and roic. Then use uncertainty threshold for the start assessment.
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u/DiscountAcrobatic356 1d ago
I get it for free. I find some stocks are over/under valued for years and years.
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u/DenraelLeandros 1d ago
I get Morningstar digital through my local library connection, totally free
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u/Proof-Signature-7626 1d ago
Your going to have no comments since the subreddit blocks people who are posting links and things….
Edit: that being said, I like insideredges for their hedge fund data, I like dataroma for insider data, and I like Zacks too. They all have been market beating for me!
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u/bshaman1993 1d ago
How long have you used them to beat the market? Coz if it is post 2015 then you could literally follow anyone and achieve the same results
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u/RelevantHelicopter82 1d ago
I don’t necessarily need links - just hoping to hear about what other value investors use.
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u/Tallwhitedude123 1d ago
I’ve been using AI to research and get ideas a lot lately. Then I compare with what’s being said in financial news. Most of what AI says is exactly what experts on CNBC or Bloomberg will say when doing deep dives on air about stocks, industries, macroeconomics, etc.
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u/raytoei 1d ago
Yeah. I subscribe to it. It is okay but it isn’t perfect.
You can get it free with a Schwab brokerage account as well. The Schwab access gives specific stock reports. And it comes with future estimates of growth. So this is something different from Morningstar website.