How can people make good investment decisions when they don’t know the difference between a stock and a bond? Many beginning investors are intimidated by the prospect of learning about economics and finance – subjects that, for many, are deadly dull – or of meeting with salespeople trying to push investment products and schemes, or of listening to advisors eager to demonstrate their mastery of investment jargon.
When important objectives meet up with complexity, stress inevitably follows. A lot of your wealth is at stake, and it is important to act carefully. Some stress is unavoidable. However, understanding investing can be made easier – hence the title: “a gentle introduction.” The following sequence of short essays takes you step by step through the process of investing, with as little technical mumbo-jumbo as possible. Many were written as posts for a blog appearing on the Mesothelioma Circle website co-hosted by Kazan McClain Satterley & Greenwood, a law firm located in Oakland, California.
From these essays you will learn only a smidgen about investment strategies, products, and complex portfolio arrangements. But you will learn a lot about how to invest. Just as you don’t need expertise in the workings of an internal combustion engine to drive a car, so also, you do not have to be a Nobel economist to invest your nest egg prudently. If you are interested in finding out where to start, what to do, what – and whom – to avoid, how much to risk, when to do nothing, and other items of basic information, this is the place for you.
An exploration of investment topics on an intermediate level may be found at Portfolio Management: Theory & Practice.
An advanced treatment is in Course Notes: USF Masters of Science in Financial Analysis, written by Patrick Collins for his students at the University of San Francisco.
Please enjoy and feel free to send us your comments and suggestions.
Click here to download file containing all the articles in the series.