About this course
For beginners who want to explore the realm of investing, starting with the basic concepts of Investment Theory.Start Course
This course is designed for you if you think of yourself as a beginner. A beginner might be someone with no experience with investing. Or it might be someone who has some experience but feels confused about what to do. It's easy to get overwhelmed by the complexity of investing, but there is some good news. Investing doesn't have to be complicated. If you prefer to spend your free time on more important things, this course is for you. It's designed to be simple and easy to follow. Here is a list of the lessons.
Most non-professional investors tend to stumble in three ways. The first is a failure to have a clearly defined and written action plan. The second is a failure to stick to the plan when the going gets tough. And the third is the failure to regularly review and make changes to the plan as life circumstances dictate. All three of these mistakes can be avoided by simply sticking to the plan.
The way to avoid these common mistakes and stick to the plan is to include a schedule of action items in the plan itself. This is a list of actions that require attention at regular intervals, and by adhering to this schedule, you will transform your plan from just another document for the filing cabinet, into a living document that evolves and improves with time.
Here is an example of actions steps from a plan I recently wrote for a novice client.
If you write your investment policy correctly, it should be a succinct statement that guides you through your goals and risk tolerance, then helps you pick an asset allocation, and then finally lays out your ultimate plan for investing. You should be able to keep it to a single page.
Keep your investment policy statement somewhere you can access it easily. It helps to review your policy statement before you make any decision about your portfolio.View Lesson