Me: Hi, I placed an order to buy to buy one share of IBM but the order is not going through!!
Questrade Helpline: Sir it’s only 830am, the stock market doesn’t open until 930am.
Me: Oops!! Wow, the things they don’t teach you in business school 😳
I believe that everything in life is a skill. If you are unsatisfied with some area of your life, chances are you lack a skill in that area.
Tip: Most books are available free at the Toronto Public Library.
For me, I lacked skills and knowledge in investing. Business school teaches you how to read a balance sheet, but they don’t teach you how to buy a stock. So I taught myself.
Learning investing is never really ‘urgent’ – most people wait until they’ve accumulated a bunch of wealth and then scramble to figure out what to do with it. Many people hire a financial advisor to figure it out for them. I decided to the opposite. I figured by learning all of this now, the moment I have a windfall of cash I will know what to do with it. I will be able to be my own financial advisor.
Besides that, every working professional has some edge on the market – doesn’t hurt to set aside a small amount for speculative plays 😉
.“If you read three books on any one topic, you are basically an expert compared to the general population”
If you want a book recommendation, give me a shout!