To add to this thread on Investment Education - industry information and knowledge is also important to understand the macroeconomic forces at play for a particular industry.
By no means will books make you an expert but hopefully provides that level of insight to make someone more comfortable investing in a particular stock.
- The Cancer Code by Dr Jason Fung (Off the back of @slymeat's straw on Imugene)
- Toxic: The Rotting Underbelly of the Tasmanian Salmon Industry by Richard Flanagan
- Banking Bad by Adele Ferguson
- Digital Gold, The Untold Story of Bitcoin by Nathaniel Popper
- The Revolution That Wasn't: How GameStop and Reddit Made Wall Street Even Richer by Spencer Jakab
Unfortunately - we don't have the time to get jobs in all the industries we want to invest in.
In the Strawman membership there are many people that would like to learn more about investing, but the question is where do you start and who can you trust?
With investment training programs costing thousands of dollars then it is easy to go down the wrong path and waste both time and money.
Let me give you a bit of a back story.
Probably some of you may know Mike Bellafiore in the US, he runs a team of prop traders and basically his company spots them the trading cash and they trade and his company mentors the traders and takes a percentage of the trading profits. There is the resident psychologist on hand to help the traders deal with the internal conflicts to make them better traders.
You can check out Mike on his YouTube channel if you are at all interested in trading strategy and what it takes to be good. To me this is a completely different world and not something I want to do.
Mike is the author of the book, One Good Trade, which describes inside the world of Proprietary Trading, and whilst not everyone aspires to be a day trader, it is good to know what you are up against.
Where I am going with this post is that in Canada there is a guy called Mohsen Hassad, who also runs a team of Prop Traders.
Now Mohsen had a problem, in that the people who were applying to be a Prop Trader at his firm did not always have the basic knowledge requirements. So to help streamline his intake he created some courses on Udemy that covered the basic requirements of understanding that he needed in his Prop Trading firm.
I have taken two of Mohsen's courses (marked) and I can say that if you want to shortcut your investment learning then these represent very good value when they are on special offer.
So the heads up is that these courses are currently special priced in the range $15-25 as part of the Black Friday sales. Normally they are 10 times this price, so take the opportunity to check them out.
There are three courses on offer, so check out the curriculum to see what meets your needs.
Just in case the link does not work I posted a picture of the three courses above.
Now if you are a qualified accountant you are going to find some of the things pretty basic in course 2.
I started with course 3 thinking I knew it all and now I have purchased course 2 and I am very likely to purchase course 1 based upon what I am learning.
Normally these course sell for $540 but for the 3 day special offer you can get them all for less than $60 for 22 hours of training.
There is no higher priced course that he is trying to sell you, there is no upsell or private trading room access for an additional fee and in my mind and so I share this information for those that want to check it out.
Mohsen is not my family, there is no affiliate link, he is over on Udemy and I found his courses useful and you might too. Now, if you are very cautious, take one course now, then come back around Christmas, Valentines Day, Easter and it will be back on sale again and choose another course.
I hope some of you can get some value from this post, as I certainly got value from purchasing these course and I thought I knew it all.