A few days ago, someone had posed me this question:
“Is it necessary to know all these before starting to invest?”
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By “all these”, the person was referring to a blogpost I made back in 2021 (link here), where I had introduced a structured and holistic guideline to learn investing. An acquaintance of mine, after reading the post, then asked the above question. The viewpoint provided was that such knowledge was deemed too overwhelming and not suitable for people who may not have the aptitude to grasp the concepts.
Honestly, this was not the first time I was queried on it, so I am writing this post providing my viewpoints and use the link as my answer in case anyone asking me again in future.
No doubt it is a daunting task to go through the structured learning guideline on how to go about investing, in my opinion it is important to know what one is getting into. Whenever I embark on a learning journey on a topic, my preference is to know the underlying concepts, or at least the basic understanding of the whole works, and with it, further related information would be easier to catch on to and eventually the learning would become more gradual.
Besides knowing what one is doing on the investment front, the possession of the know-how also serves as a bulwark against fishy investment/trading schemes. Oftentimes there were news reports of people falling for investing frauds which, upon critical thinking and questioning, would have been avoided.
It is not difficult to start learning on investing, for it is akin to learning other new skills and hobbies like cycling and pickleball. The availability of generative artificial intelligence tools like ChatGPT and Gemini makes learning easier nowadays (though some caution and basic fact finding is still needed for this). The choice of learning is there, whether one wants to have the effort to take it up.
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