How Taufolio Credits Work: What 100 Free Credits Buy

A Full report on Taufolio costs 100 credits, and the Free plan gives you 100 credits a month, which means one Full report on one company every month, no card required. The pro version of the same report costs 400, an Earnings brief 80, and Monitoring costs no credits on any plan. But Taufolio credits are not a price list at all. They are an attention budget: they buy as many companies as you will genuinely read with understanding, and a paid plan buys more and better evidence, faster, never a verdict.

What you actually pay credits for#

The mechanism is simpler than the pricing table suggests. Everything Taufolio does for a company under Monitoring arrives on its own and at no cost. A Pre-earnings brief up to seven days before the earnings call, an Earnings brief about a day after it, Breakthrough news on the day something happens, a Monthly summary, and a check of the Investment thesis after every report. The plan limits only one thing, the number of companies under Monitoring: one on Free, 10 on Investor, 30 on Trader, 80 on Power.

So what does cost credits? Only what you order on demand. A Full report on a company you are still considering. The pro version. An Earnings brief pro after a call. A Monthly summary for a company you do not monitor. Each costs the same on every plan and for every company. Between plans only the monthly allowance changes.

How much a report costs on Taufolio#

Why is the pro version four times the price of the report? Because of the number of authors. A Full report is written by one model. In the pro version three models write the same analysis independently, and a fourth, the judge, compares the drafts, flags the disagreements and keeps only what can be pinned to a source. You pay for four passes instead of one, and you get a report in which one author's mistake has to slip past two others and a judge. From the inside it looks like Three models and a judge, four independent readings of the same document.

The Earnings brief pro shows how the surcharge works. On demand it costs 150. For a monitored company you already have the plain Earnings brief, so you pay only the difference, 70 credits, for the comparison with the three calls before it, and even on Free that surcharge fits inside the month's 100. Whether an Earnings brief is enough or you need a Full report, the whole map of the business rather than one quarter depends on what you still do not know about the company.

What 100 free credits get you#

One Full report a month, and that is more than it sounds. A Full report takes 40 to 60 minutes to read if you follow the links into the filing. Twelve such reports a year is twelve companies read cover to cover, and most private investors I know have not read even the companies they hold that way.

On top of that comes one company under Monitoring, whose Earnings brief, Monthly summary and Pre-earnings brief arrive at no cost. Free is not a trial. It is a plan for one company you want to understand properly, and how to add it and order the first report is laid out step by step in the getting started guide.

Free does not block the pro version, but it does not fund it either. A Full report pro costs 400 credits, the plan gives you 100, so on Free alone you need to buy a pack: the 400-credit top-up at EUR 9 is exactly one Full report pro. Plan credits do not roll over. The allowance renews and resets at each cycle, while top-up credits are valid for six months and are spent only after plan credits. There is no point saving credits on Free for later. There is a point in picking one company every month.

Five, ten, twenty companies over a year#

The intuition when choosing a plan goes: more reports, higher plan. It sounds reasonable. That is how the price list is built, and the plans differ mostly in their credit allowance.

The trouble is that for an investor who holds companies for years, credits are rarely the first thing to run out.

Say you read every company in your portfolio once a year in a Full report and want an Earnings brief pro after each of the four earnings seasons. The plain Earnings brief comes with Monitoring at no cost and the surcharge for pro is 70, so a year of one company costs 100 plus four times 70, which means 380 credits. Swap the Full report for the pro version and the year rises to 680.

Five companies come to about 160 credits a month. Free at 1,200 a year does not cover it. Investor covers it three times over. Ten companies still fit in Investor with room to spare, except that Investor monitors exactly 10 companies, so the eleventh forces Trader regardless of the balance. Ten companies with pro reports miss Investor by 800 credits, which means by two Full reports pro. Twenty companies come to about 630 a month, and Trader has more than twice the headroom plus room for 30 companies. Power, with 4,000 credits a month and 80 companies, starts to make sense only for a portfolio whose four seasons one person cannot read alone.

In every row of that table the plan was picked by the number of companies under Monitoring times four seasons, not by the price. Investor costs EUR 9 a month, Trader 19, Power 39, 20% less billed yearly. The gap between the prices is smaller than the gap between the number of companies you can keep up with by reading.

That arithmetic rests on one assumption I cannot make for you: that you will read what you order. Twenty pro briefs a quarter is twenty earnings calls in a few weeks. If the last season left unopened reports on your list, the plan is too big, not too small.

The plan is decided by the Monitoring slots, not by the credit allowance. Without Monitoring an Earnings brief has to be ordered by hand for 80 credits after every set of results, and you have to remember the date yourself. The Earnings brief arrives about a day after the call, once the transcript and the numbers are in, rather than a minute after the headline: the first move in the price is pricing the headline, not the quarter.

Real Full reports pro, Earnings briefs pro and Monthly summaries are open on real companies, with no account needed.

When a paid plan is actually worth it#

My view is that a paid plan makes sense at one moment: when the second company you hold starts reporting results and you are reading about them from headlines. Free monitors one company. The second, third and fifth are Investor territory, because from there on you have to remember every date yourself. Trader begins where the tenth company ends, or where the pro version becomes your default. Power buys scale, and if you are not sure whether you need it, you do not.

A Full report in every version ends with an Investment thesis broken into assumptions, each with a measurable condition, not a sentence about what to do with your money. A paid plan buys more and better evidence delivered faster, and never a ready-made ruling.

The numbers here are what the pricing page shows as I write. If the two ever drift apart, the pricing page wins. Before you spend the first credits, open a few reports on real companies, with no login and no account. Spend the first free 100 on the company you have held longest and whose filings you have never read in full.