18 July, 2020

Quora Answer: Which is the Best Way to Learn about Stocks?

The following is my answer to a Quora question: “Which is the best way to learn about stocks?

We are fortunate to live in an age where much knowledge is available to us, from books to videos to social media, affording us the possibility of interaction with sources of knowledge direct.

Firstly, it is good to avail ourselves to books, videos and even workshops to give us that foundational knowledge of investing, finance, and the market.  Without this foundational knowledge, everything else would seem inaccessible.  The greatest danger is when we imagine we understand when we do not.

Secondly, it is important to find the company of people who do invest, and try and understand their motivations and methodology.  Everybody has something they swear by.  It is important to qualify who we take knowledge from.  Good people are known by their qualities.  There are social media platforms and investment clubs and groups that allow us to connect.

Finally, before actually committing, it is important to do our homework, and make sure we understand the fund or counter we intend to invest in.  And if this is too overwhelming, spend that time to get a good financial advisor.



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