Learn the markets
Six short lessons on risk, diversification, inflation, ETFs, reading a stock sheet and reading the news. Examples use plain arithmetic, no forecasts.
Risk and return
No investment offers a higher expected return without accepting more uncertainty. Understanding how that uncertainty is measured is the first step.
Lesson 2 of 6Diversification
Do not put all your eggs in one basket: an old idea, but it only works if the baskets do not break together.
Lesson 3 of 6Inflation and time
Two forces work quietly every day: inflation erodes purchasing power, compounding makes money grow. Time decides which one wins.
Lesson 4 of 6ETFs and indices
An index measures a market; an ETF lets you buy an image of it in one instrument. They are different things and often confused.
Lesson 5 of 6Reading a stock sheet
A stock sheet holds dozens of numbers. Here is the essential: what they mean and why on their own they mislead.
Lesson 6 of 6Reading financial news
News moves prices, but often the price has already moved by the time you read it. Learning to filter prevents impulsive decisions.