TOOLS TO HELP YOU LEARN INVESTING FROM SCRATCH
The internet is like an ocean of information. But just like the famous saying goes, “Water water everywhere, but not a drop to drink,” there is a lot of content, but not a whole lot that we can use. Finding the right and most helpful content is extremely difficult.
Thus, here we have put together some of the best information there is to help you get started!
Get Your Basics Right:
The most important thing for an investor is to be able to perform a quantitative and qualitative analysis of the company. For this, our fundamentals must be strong. You need a solid foundation before diving into strategies, techniques, and more!
Where to begin?
To begin, we first need to understand what investing is. We need to learn what a stock market is, how it functions etc. Knowing the terms and jargon as a first step enables you to follow advice and tips from experts and mentors easily as well.
Here are some courses you can dip your toes into, to learn about investing:
- Udemy – Stock Market From Scratch
- Zerodha – Markets, Trading and Investing Simplified
- Kundan Kishore – A Complete course on the Indian stock market
Immerse in the learning process:
Remember how we were often forced to write down the essential things in school, and not just read it? Well, it is proven that when you take notes, it tends to stick better than when you just read. So try and take down notes as and when you read or participate in online classes.
What can you do next?
Now that you’ve learned the basics and have become familiar with investing, soak in it. Find more sources of knowledge that will help you learn more. It could be blogposts of famous investors or newsletters that help you track information about markets, books by experts on investing and money, etc. There is no limit to learning, and you must be open to learning even when you begin investing.
Once you get your basics right, you can pick up these books:
- The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham
- A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton Malkiel
- The Four- Pillars of Investing: Lessons For Building a Winning Portfolio by William J Berstein
- The Little Book of Common Sense Investing: The Only Way To Guarantee Your Fair Share Of Stock Market Returns by John C Bogle
- One Up On Wall Street: How to Use What You Already Know to Make Money in the Market by Peter Lynch
Don’t use shortcuts:
To be honest, there are no shortcuts to learning investing. There are no hard and fast rules by which you can earn money in investing. The field of investing is very volatile and ever-changing. Even the best of investors face losses! So learn as much as possible to reduce the chances as much as possible. And no better way to do it than to learn everything from scratch!
When you have gained a fair amount of knowledge and feel ready to begin, you start investing. Of course, you can start small and go bigger over some time. You can also use the guidance of some mentors and experts as well when you begin. Start slow, and you will eventually get the hang of it! Now it’s all about applying your knowledge and making the best of your money and circumstances!
This may seem tedious, but keep in mind that there is no easy way to do it. As it is famously said – If it’s easy, then you are probably doing it wrong! And you don’t want to be wrong, do you?