Tweet this post!Tweet
The other day I asked my husband what the current investment market was like, since I don’t usually follow investment news. He told me stock prices were really low right now. To me that appeared to mean this might be a good time to pick up some investing skillls because I know enough to know that buying low and selling high is the obvious main goal. So if stock prices are low I thought, then the timing for me to begin building a portfolio might be good.
I asked him if we were in a bear market and he said that wasn’t exactly clear. So I Googled it and sure enough no one seems to agree on that! The article I chose to listen to (because it made the most sense to me) is this one from MarketWatch. They said that if we aren’t in a bear market already we’re headed there.
I also discovered something else the other day that contributes to my wanting to learn more about investing right now. It’s that currently the dollar is very strong against the British pound and the Euro. I was blown away by just how strong the dollar is right now. I don’t think that it’s ever been stronger in my lifetime! I’m constantly running across fascinating companies that I think have great products worth considering investing in. Frequently they seem to be European…more often than not, Berlin. That’s just one more reason why I think now is a great time for me to learn some investment strategies and start working on a portfolio.
But where to begin? That is one thing that’s usually scared me away. In the past, after I conducted a little research I usually came away feeling very overwhelmed by too much data that oftentimes was conflicting. So I decided to try a different approach. I decided that I should find one good source of information and just stick with that in my initial phase. Then maybe I won’t become so overwhelmed.
While I was searching for that one resource that I would use, I ran across a brand new podcast series that’s by Investor’s Business Daily.
On March 14th Investor’s Business Daily began a new podcast series that’s aimed at teaching relative beginners a set of strategies for investing.
Why I’m Excited by This New Video Podcast
My husband really likes IBD for investing information. As long as I’ve known him he’s been interested in learning as much as he can about investing and investment strategies.
He’s tried a lot of the big investment news sources that are out there. He told me that the CANSlim system they discuss and are teaching through this podcast series gets a lot of respect within the community.
He personally likes the CANSlim system too. His biggest complaint is remembering all the aspects of it! It’s complex, but apparently not as complex as many others from many of IBD’s competitors. He singled out Barron’s which I know he subscribes to as seemingly being at a higher level than most beginners would benefit from. He also gets the Wall Street Journal and said that the field of similar information they provide is vast and they vary in complexity a lot.
His feeling is that CANSlim offers a lot of advantages. It’s a uniform and proven approach that virtually anyone can learn if they’re interested. I’ll just add that upon first viewing you might be intimidated by both the speed of the information presented or that there’s too much of a learning curve. But trust me…it’s really not. All these investment guys have their own vocabulary which makes things seem harder than they are. While they do try hard to define these kind of words…they don’t catch them all and I did a fair amount of looking up. But I know that will get better for many reasons…I’ll catch up vocab-wise and they’ll get feedback slowing them down and all will be good in the end.
Therefore, any financial 1st episode may be somewhat foreign to you. Subsequent ones will get easier and easier to understand. They’re not selling anything other than that they’d like you to use their firm for its knowledgeable expertise and have nothing to gain from impressing you with big, unusual words that ultimately scare you away. So give it a chance if you’re on the fence and see if I’m right. After all, you’re never to old to learn something new!
Here’s a link to IBD’s site that has the first episode that I watched.
I’m Sharing a PDF of the Notes I Took of Their 1st Episode
I forget a lot if I don’t take notes so I’ve evolved into being someone who always takes copious notes when I’m learning something new. I took my time, looked up some of their terminology and wrote down some definitions as I watched the podcast. I tried to keep my notes pretty simple to follow. While I was doing this for me, I realized that my notes might be useful for others too. Especially as it pertains to whether or not they would find the podcast useful personally. I have one caveat though.
Please remember that my PDF is just my own personal notes. They aren’t intended to be a polished presentation that’s shared with others. In fact, I did try to clean them up some as I tried to convince myself that other people might benefit from these. I definitely have some trepidation about sharing my personal notes. But then I remembered my audience. The other amazing WordPress writers who follow me along with my own family and friends, and I convinced myself that no one would care about the fact that these are just Notes, and they’d see the value in them beyond that.
Here’s a link to the PDF I made of my notes. While I’m certainly not advocating IBD over anyone else…clearly I don’t know enough about the topic to even venture a guess…I can share what I’ve learned and you can make your own decision.
How to Find This Podcast
The one thing I couldn’t easily find was information about when and where the podcast would take place. I figured if it’s a weekly podcast, which I think it is, and March 14th was truly the day it was begun, then there will probably be a new one on Thursdays (today!) They didn’t share a link or mention some defined location for it, so I’m going to go back to the webpage I found episode 1 at, and hope that they add new episodes there. I had to search that one page for where I thought it might be and because even that was a little tricky, I made the following video showing where I believe new episodes will appear when available. Sadly, I don’t have any way to add arrows and icons to videos.
Before you watch my video, here’s a link to the webpage it discusses. The other location I don’t have a link to, but I briefly describe how to find it using an Apple or Android mobile device in my video. I’ll add here that Google Podcasts is the new stock podcast app as of June 2018…which you’ll find in the Google Play Store.