Do We Need to Spend Few Thousand $$$ on Investment Courses ?
For me, investing is a long learning journey and one need to read extensively and learn from your own mistake not just sitting in the classroom for a few hours or days , listening to some “experts “advice or slides presentation on how to be a successful investor.
I don’t mind if you need to spend few hundreds dollar just to get your “Mind-
Successful Investing: Nature? Or Nurture? ( click here )
This is an interesting article from Forbes questioning about the success of investing could it is “ Nature or Nurture “? Can investment skill be learned and taught?
According to some studies ..”Evidence Suggests A Little Of Both, But Mostly Nurture:
The KEY words here is .. skill the developed and learned ….along their journey.
And also, they have pointed out 3 traits most successful investors have :
Learn From Your Mistakes:
Here, I repeat, Successful Investing is through extensive reading and learning from your own mistake in the different market cycle. Be realistic on your “Risk and Return” expectation, a proper measurement of returns would be justifiable in the long run and not just an extraordinary return in a short period of time.
My Collection of Books and My Book List ( here ), if you want to know what am I reading to improve and sharpen my investment skills.
You may find that quite a number of books in my Book List were those in “ Behavioral Finance and Market Psychology “ as I always emphasize that the stocks market is a combination of “ Science of Valuation and Art of Market psychology “.
Further reading: My Investment Strategy : 3 Ts 3 Ms ( part 3)
Ben Carlson from A Wealth of Common Sense is one of my favourites blog which I will read most of the time as his “Common Sense “ approach in highlighting some investment ideas is not common at all.
If you have no time to read all his blog post, here is the good summary of his thoughts on investment :
Well, for the reader who asked me the question earlier , although I didn’t give you my direct answer of yes or no, I think from this blog post, you get to know what I mean ….
Quote Of The Day :
“Successful investing is more about behaviour and temperament than IQ or education.” From Ben Carlson “ A Wealth Of Common Sense “
PS: How much will you be accumulating if you put the money (say $4888) into Index Fund which may give you a return of 8.8% p.a: compounding ( just an example ) in the next 25 years of the investment life cycle?
Well, no prizes for guessing it right !! $ 40,258