Investment – Where To Learn And How To Begin Investing
The fine art of investing can be rather baffling and hard to master, whether you’re a beginner or not. A good and most economical way of learning is of course, to read books and blogs that guide you through the labyrinth of finance vocabulary, as well as the do’s and don’ts.
But, what about those who like learning with more guidance and want the opportunity to have more hands-on practice before entering the big bad world for real? Here are some institutions, online and face-to-face, that may just give you the boost you need.
The Singapore Exchange has its own “school” of sorts, known as the SGX Academy. The academy provides education and training programmes for beginners, intermediate learners, and even professional.
There are face-to-face courses in key investment topics and fundamentals. For example, A Guide to Financial Statements is a good place for beginners to start with, and more experienced investors can learn about Technical Analysis and trading. The prices for workshops are pretty reasonable, starting from S$35 for the basics. Some of interesting seminars are even conducted free of charge.
In addition, the academy also offers online courses and tutorials for those who want to learn at their own pace.
Singapore Institute of Financial Literacy
MoneySENSE, the national financial education programme in Singapore, launched the Singapore Institute of Financial Literacy in 2012. The institute conducts workshops and talks that focus on personal money management, financial planning, and investing.
While there aren’t any talks on how to actually read and analyse financial statements, there are workshops on real estate, insurance, and retirement planning.
Public talks are free of charge, and there are also e-learning resources and useful calculators (e.g. net cash flow, net worth) available online.
Big Fat Purse
The Big Fat Purse is the brainchild of four Singaporean investment enthusiasts. Their aim is to boost financial literacy of the working class. Courses revolve around key investment topics such as personal portfolio management, analysis, value investing, generating passive income, and developing multiple income streams.
The team also writes investment articles regularly, and occasionally gives Pro Bono talks and workshops for the pubic. The flagship course on value investing is priced at S$98, is suitable for complete investment newbies, and includes lunch.
NUS Investment Society
You don’t have to be a university student to attend the investment workshop and courses organized by the NUS Investment Society. Some interesting seminars are open to public as well at really reasonable rates, and tertiary students get to enjoy discounted prices.
In addition, you can also attend their weekly investment workshops, which are conducted free of charge, and download security analysis and research reports online.
Investment Banking Institute
The Investment Banking Institute offers courses for those who are seriously interested in a career in Finance. The institute offers training programs in financial modeling and valuation, and thus is more apt for those who decide that they want to do more than personal investments, and manage money for a living.
Securities Investors Association Singapore
The SIAS organizes workshops and seminars all year round that are open to the public, some of which are free-of-charge. Topics are diverse and can range from selecting winning stocks to Forex trading and options. If you chose to enroll as a member, you get to enjoy benefits such as paying a members’ rate for investment courses and workshops, as well as receiving investment guides and videos.
In addition, the SIAS is also able to render its members assistance in resolving disputes on investment matters. Annual membership fees cost S$30, and full-time students aged 15-29 pay S$11.
Udemy is one of the world’s leading marketplace for online courses, and that includes courses on Investment developed by investment enthusiasts and experts. Prices vary according to the content type and length, but one of the main advantages is the ability to learn entirely at your own pace.
One of the most popular and well-rated courses on Udemy, for example, is the Value Investing Bootcamp by Nick Kraakman, which comes with quizzes, eBooks, videos, a spreadsheet, and even an investment checklist.
CREI Academy Group
For those who want to specialize in or simply learn about investing in Singapore’s favourite asset, property, you may find CREI’s workshops to be informative and interesting. CREI touts itself as a neutral platform that provides knowledge that enables you to cut through property scams, B.S, and thereby become a savvier investor.
Gerald Tay, a property investor who also publishes articles on the site, conducts the workshops. So, you can read about his philosophies and strategies before deciding if you want to learn more.
Investment courses and workshops may not be as costly as you may assume them to be, and can be a great addition to your own readings. May you have a fruitful time investing away!
What do you have to keep in mind?
Here’s a tip, before you can learn anything on investing, keep in mind that the very first step you will need to do is preparing a financial plan. Before even signing up for an investment course, all you need to do is to start earning. Aim and work hard so that you can multiply your income.
Once you start earning, always put aside partially of your monthly income and start saving. If you feel a piggy bank is too old school for you perhaps start comparing for savings account and start saving effectively. Finally once you are financially secured, sign up for an investment course and start investing.
Remember, to be rich is not easy but it is not impossible too. All you need is a plan, which is not a shortcut, but you have to do what makes you the least poor.