Anything worth working for probably doesn’t come easy. That’s something I’ve been telling myself…. and it stands true for most things in life.
For some reason(s) there seem to be an upward trend of Facebook ads constantly showing videos of people promising you of winning formula and strategy through their courses and stuff… anyone should know that you should be wary of these ads simply through using some logic.
There are both pros and cons to these courses I believe. They may truly believe that they are really helping people too, but here are the reasons why I am doubtful:
(1) Why would they share the secrets openly?
They also do address these questions too… that the ocean is far & wide, they can’t possibly have casted the nets so wide.
With some basic economics fundamentals you would know that that is because the value the person derived from taking such a move is greater than the value that he would have derived if he had kept the secrets to himself. Well… if he has so much confidence in his own investment methods, why would he not take up debt loans and bank (no pun intended) on his knowledge to get superior ROI?
The more people knows about a specific investment strategy, the less effective it is for one to be profitable using the same method. The calender effect is a well-studied event that happens annually… It is really hard to make a return above normal with the same amount of effort had you put it elsewhere.
(2) Why do they always sound the same? When you can sense someone trying to convince you something badly to finish the deal.
For some people… it seems like you can tell that they are only truly bothered about improving their own revenues and income instead of thinking about how they can improve the quality of the services/products that they are providing.
I’m a firm believer that results will follow if the quality is improved. Don’t only be focus on casting a wider area of the net but focus on the quality of the net as well. What’s the point of casting a wider area if your net is full of holes… right???
I have never attended any of the courses before but I’ve heard enough about how some of the course preview is all about just pressuring a person to get into the course OR just up-selling other courses. This is from multiple source including one from my friend.
There are also sources that the things taught in the course are just stuff they already knew or could do without the help of the course. Technically speaking, these people did not do anything illegal… they promised you a course and delivered it. You really must wait to hear if anyone else PERSONALLY recommends you the course besides the person who can directly benefit from you joining the course as well.
Of course, there must be good people out there right? Who truly wants to teach/help you… that’s what I’d like to believe. It’s just hard to discern them (really hard).
In fact, these people might truly be teaching you useful stuffs… I can never take confirmation. Whether you want to head down to take a look at it yourself/join it is entirely up to you. But what I suggests is that instead of investing money for a course that is supposedly helping you save time to understand and improve your knowledge (you still have to invest time actually)… why not invest time in yourself to just study the books that are available to you for free from the library? There are lots of good books out there where you can pick up or even download to teach yourself (A random walk down wall street… the intelligent investor, etc.)
I cannot show you track records to have you believe me; besides goodwill. As of now I am investing my time & money heavily in my own small e-retail. I think there’s a lot of risk but also returns (not just in terms of money but also knowledge). Either way, by buying into stocks, you are also buying a business… why not give myself a chance to learn right? If it didn’t work out then I’ll just treat it as a learning experience. It is only a failure if you learned nothing out of it.
You cannot guarantee yourself results because it’s not the technique you learn but how you execute the technique. There’s many different ways people can invest, you can explore and decides what’s best for your investing appetite (the appetite for risk).
Unlike a course, you will have all the time in the world to digest… understand… re-read… even join an investment forums and discuss any doubts. Consultations from people who are more experienced than yourself is always out there.
Don’t invest in things you don’t understand… what if it is a good opportunity? New opportunity always appear, don’t jump into a pit you don’t know about.
Seriously! If you do not want to spend time learning how to read a financial report then just buy index funds. Index funds has always been providing good returns in the long-term…. Other than Singapore’s STI index which only has like 30 companies and are heavily lop-sided on the banking sector so there’s not really a lot of diversification. I think most other index funds out there with more than a hundred companies will do just fine.
*After you have insured yourself and kept emergency funds for yourself* Investing should be a necessity but priority is not leaving your defenses down. You probably know friends who sell them but I’d say to choose and pick what you need and not just out of support for your friends.
I do have 4-6 friends who are in that industry but none of my insured plans came from them… that’s because I already had them since my mother was a financial planner herself and already had me covered. Also bought AVIVA’s from SAF just in case shit happens and I can give my family some uh…. remuneration. So to speak.
Remember… nothing worth fighting for comes easy. If it was easy? Eventually it wouldn’t because opportunities that are easy attracts competition.
I have no idea why I suddenly wanted to make a post but I just did… just sharing my opinion perhaps just because I’m tired of seeing the same ads again and again.