How To Invest Wisely and Successfully

8 Lessons Intermediate

About this course

The purveyors of financial advice and products have made it easy for anyone to invest, even if they only have a few hundred dollars. But, investing wisely and achieving success is much more difficult. This course will cover some of the obstacles that stand in the way of investors and show you how to overcome them.

We'll cover the complexity of financial markets, behavioral finance, required skill sets, investor types, the investment policy statement (IPS), and wrap things up with a discussion of the next steps you can take after you finish the course.

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Course Structure

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Why investing wisely is so hard

Due to the myriad obstacles investors encounter, the average non-professional investor underperforms the broad market averages by a significant amount. They leave too much money on the table. In this lesson, you'll begin to understand why.

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Complexity of Financial Markets

Financial markets are inherently complex mechanisms that operate as an open auction. Specialists and floor brokers maintain bid-ask spreads and the direction of the market is unknown until either the buyer steps up and pays the asking price or the seller hits the buyer's bid.

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Behavioral Biases & Emotional Investing

We all have biases that influence our decisions regarding the stock market. This lesson will cover the most common ones.

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Information Overload & Misinformation

There is no shortage of information about companies and the economy, but making sense of it all takes time and practice.

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Investor Types

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The successful investor's skill set

An investor does not need to have an advanced degree in math or be a Certified Financial Analyst to tackle the complexities of the financial markets. All it takes is a little study and an open mind.

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The Investment Policy Statement (IPS)

This all-inclusive game plan is designed to remove as much emotion and subjectivity from the decision process as possible.

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Next Steps

Now that you have your IPS in place, it's time to execute it. Go slowly at first, make some mistakes, and learn from then. Update and improve your plan as you go.

I think I have completed module 2. is there a module 2 quiz?

Hi Thomas, I am in the process of adding a few more questions to the Module 2 quiz. It should be ready to go within the next 24 hours.

Erik

Do module 4 and 5 have quizzes. I did not see any?

Module 5 quiz is up and running, but I’m going to add a few more questions to it in the next few days. Module 4 quiz is a work in progress, so I ask for patience for a few days before I finish it.

Thanks Erik for free access to this short, but insightful, course.