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Start investing: a free learning path
Eight short lessons — from why to invest at all to running your first portfolio. About 45 minutes in total, no prior knowledge needed.
1 Why invest at all?Why keeping money in cash quietly loses value, how compounding grows it, and why owning assets is how most lasting wealth is built.
2 The wealth formulaWealth is the result of five levers: income, costs, savings rate, return and time. Here is how each one works and which ones matter most.
3 How financial markets workWho trades in markets, why prices move, the difference between price and value, and why markets trend.
4 The main asset classesStocks, bonds, precious metals, commodities, real estate, currencies and crypto — what each one is, how it earns money and what role it plays.
5 Risk, return and drawdownsWhat investment risk really means, why a 50% loss needs a 100% gain, and how to measure risk with volatility, drawdown and the Sharpe ratio.
6 Diversification and correlationWhy owning ten tech stocks is not diversification, how correlation works and how mixing asset classes and strategies smooths returns.
7 Choosing a strategy: buy & hold vs trend-followingThe two main rules-based approaches for private investors — buy & hold and trend-following — compared honestly, with their strengths and weaknesses.
8 Building and running your first portfolioA practical checklist: emergency fund, broker, choosing ETFs, costs, a monthly routine, rebalancing and the mistakes to avoid.
Prefer a PDF? Get the free guide "How To Start Investing in 10 Steps" — the same ideas as a compact checklist.
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