Comments on: Where did you get your financial education?

By: FinancialWoman

FinancialWoman — Sun, 26 Jul 2009 12:07:14 +0000

As an investor, and as a parent, there is a definite need for investment education and it should begin at a young age and continue to develop. Wherein, mistakes may be made, they can be corrected earlier with much less risk when these mistakes are made early in the learning process.

By: Do we need a MANDATORY financial education curriculum in our schools? - myinvestingblog.com

Wed, 31 Oct 2007 01:03:42 +0000

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By: Presh

Presh — Wed, 03 Oct 2007 00:36:50 +0000

@Kapil: I agree that risking your own money teaches more than reading books. I especially remember voting for a stock primarily because our investment advisor suggested it instead of because I had done enough research. When that investment went sour, I learned a really valuable lesson to make independent decisions. I think the stock was Compaq…

By: Kapil

Kapil — Tue, 02 Oct 2007 22:15:30 +0000

I think that Nivek has a very interesting point. I actually feel that I gained a lot of my risk tolerance for investing in our high school investment club, Wall Street Society. Students invested a nominal amount on a monthly basis and then invested it at the end of each semester. That process (and having real money at stake) allowed me to appreciate what goes into picking a “wise” investment and gave me more confidence to do it on my own.
Trial and error may not be the most painless way to learn, but it definitely is effective.

By: Presh

Presh — Mon, 01 Oct 2007 01:28:26 +0000

@Nivek: Thanks for sharing. It is interesting that college finance gives you skills to work for others but not yourself.