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(Post 89/Year 2 week 26)Learning investing/trading together part 16:How to read financial statements(Profit/loss statement and Balance Sheet)
By Sonicericsg  •  May 16, 2019
This week on learning investing/trading together, we will be learning how to read the financial statement, this is important as it allows us to judge whether we should invest in the company or not. (I know it sounds boring, but stick with me ok😄?)
I have written on reading some part of the financial statement, a year back here. As it does not cover the financial statements thoroughly, this post will be a good pre-read before we delve into the "deeper" stuff.

Some of this post material is from the book: How I become a profitable trader after losing $30,000(by Koh Ming Shao), you can either buy the book online or borrow the book from the library(remember my tip on borrowing books from the library?)

So let's get straight to the point!

A typical company financial statement is made up of 3 component

Profit And Loss Statement Balance Sheet Cash Flow Statement I will be using Singpost...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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